Author: FX
Market players zoomed in on leading U.S. jobs indicators ahead of Friday’s NFP release, as the reports printed mixed results and kept the dollar on edge. Meanwhile, crude oil saw another nasty tumble when the EIA inventory report revealed a surprisingly larger build than expected. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: API crude oil inventories up by 0.6M barrels vs. estimated draw of 3.4M barrels Chinese regulators reportedly considering measures to curb speculation on equity markets, including easing some short-selling restrictions and introducing options to temper trading China imposed fibre optic…
The Running Median MT4 Indicator works by filtering price data through a moving median calculation rather than a moving average. This small but important difference reduces the effect of sharp spikes and sudden reversals. Unlike traditional moving averages that can be influenced heavily by outliers, the running median provides a more balanced view of price behavior. Traders can use it to identify the underlying trend without being distracted by temporary volatility. Why Traders Use the Running Median Many traders rely on this indicator because it helps them avoid false signals. In fast-moving markets, sudden price jumps…
Oil prices extended their decline, by a tiny margin, for a third straight session on Friday as traders awaited an OPEC+ meeting this weekend that could decide on fresh output hikes. Eight OPEC members and partners including Russia are set to discuss raising production in October, sources told Reuters. Such a move would begin unwinding an additional 1.65 million barrels per day of output cuts—about 1.6% of global demand—more than a year ahead of schedule.The market also absorbed a surprise U.S. crude inventory build of 2.4 million barrels last week, versus expectations for a 2-million-barrel draw, as refineries entered maintenance…
US says it is restricting visas of some Central American nationals over China ties Source link
Trump fired the head of the BLS after last month’s revision-filled non-farm payrolls report and this is the first one since. The move to fire Bureau of Labor Statistics Commissioner Erika McEntarfer was obviously political and no one takes seriously Trump’s accusation that she ‘faked’ jobs numbers.So what now?On the face of it, I’d imagine it would be very difficult to upend all the processes that go into making the jobs report in a month. Then again, maybe just the chill leads to a series of small efforts to make sure that nothing is ‘undercounted’ or that seasonal adjustements are…
Prior was 50.1Business activity 55.0 vs 53.0 expectedPrior business activity 52.6New orders 56.0 vs 50.3 priorEmployment 46.5 vs 46.4 priorPrices 69.2 vs 69.9 priorThe pickup in new orders is encouraging and runs counter to the poor reading on that metric in the S&P Global survey. The poor number is on employment, which is skidding along the recent bottoms. This article was written by Adam Button at investinglive.com. Source link
Gold pauses after a record high of $3,578.50 as profit-taking and a steady US Dollar weigh on sentiment.Easing US Treasury yields and calmer global bond markets help limit downside, keeping safe-haven demand supported.The US PMI data were mixed, with the S&P Global Composite slipping to 54.6, while the ISM Services PMI improved to 52.0, supported by stronger new orders but weaker employment.Gold (XAU/USD) is taking a breather on Thursday after hitting a fresh record high of $3,578.50 on Wednesday, pausing a remarkable seven-day rally. At the time of writing, XAU/USD is trading around $3,548 during the American session, after slipping…
The US ISM Services PMI unexpectedly improved in August.The US Dollar clings to its daily gains on Thursday.Data from the Institute for Supply Management (ISM) showed the Services PMI rose to 52.0 in August, up from 50.1 in the previous month and exceeding analysts’ forecasts of 51.0. Meanwhile, the Prices Paid Index—which tracks inflation—eased to 69.2 from 69.9, the Employment Index ticked a tad higher to 46.5 from 46.4, and the New Orders Index went up to 56.0, from 50.3.The Greenback maintains its upbeat performance on Thursday, motivating the US Dollar Index (DXY) to keep its bid bias around the…
Duluth Holdings (DLTH) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to a loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +160.00%. A quarter ago, it was expected that this clothing and tools supplier would post a loss of $0.3 per share when it actually produced a loss of $0.32, delivering a surprise of -6.67%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Duluth…
EUR/USD slips as the US Dollar steadies on mixed US labor data and weak Eurozone Retail Sales.US private payrolls increased by 54K in August, below the 65K forecast and sharply lower than July’s revised 106K.Focus now on US services sector data, with S&P Global PMIs expected to hold steady at 55.4 and ISM Services PMI projected at 51.0.The Euro (EUR) is under pressure against the US Dollar (USD) on Thursday, with EUR/USD retracing part of Wednesday’s advance and trading near 1.1645 at the start of the American session. The mild pullback comes as the Greenback regained traction following a mixed…