Author: FX

Pres. Trump is back at it.Fire the BLS Commisioner of Labor Statistics. Dr. Erika McEntarfer is a Biden appointee and implies she is manipulating the data.Trump says the economy is BOOMINGBut, the Fed chief needs to be put “out to pasture” as he is too late….No word on the tariffs.My head is spinning. So… if the data doesn’t fit the Pres. expectations, you will be fired.. By the way, the BLS is also in charge of the US CPI and PPI data which are expected to go higher. I wouldn’t want to be working at the BLS.When will this stupidity…

Oil rigs -5 at 410Gas rigs +2 at 124Total -2 at 540Crude oil is sharply lower with the price down -2 dollars at $67.27. The low price reached $67.05.Looking at the hourly chart below, the price decline is testing its 200-hour moving average at $67.08. Earlier today, the price fell below the 100-hour moving average at $68.60. This article was written by Greg Michalowski at investinglive.com. Source link

The July U.S. jobs report shifted the narrative swiftly. Atlanta Fed President Bostic acknowledged this change, noting that the data warrants a reassessment of Fed policy—shifting the emphasis from inflation risks alone to a more balanced view that includes growing concerns about the labor market. The report clearly points to a loss of momentum in job growth, signaling a broader slowdown in employment conditions. The Fed must consider that even if tariffs drive inflation higher, a deteriorating employment picture could amplify the downside risks. Rising prices in a weakening labor market could further suppress demand, potentially deepening job losses and…

Amazon stock sinks as much as 8% on Friday following poor hiring data.July Nonfarm Payrolls report showcases large revision to summer hiring.Trump institutes new tariff rate, many of them higher than expected.Market is unhappy with AWS growth rate as Microsoft bears down on cloud leader.Amazon (AMZN) stock is reeling on Friday along with much of tech mega-cap tech sector after the July Nonfarm Payrolls (NFP) report showed a drastic decrease in hiring and the Trump administration’s higher tariff rates went into effect. All hell broke loose after the July NFP on Friday morning showed only 73K net new jobs in…

Pres. Trump has posted a warning to Russia due to provocative statements from the former Pres. of Russia Dmitry Medvedev. He writes. Recall, Medvedev, now deputy chairman of Russia’s Security Council, criticized former U.S. President Donald Trump for issuing ultimatums aimed at Russia. In a message on X a few days ago, he wrote:“Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with (Trump’s) own country.” Medvedev signals possible preemptive strikes amid heightened tensions with the West Speaking to TASS, he said the West is waging a full-scale war against Russia via…

Gold is holding steady near $3,300 as markets stay cautious ahead of the US Nonfarm Payrolls (NFP) report.The US Dollar stays resilient following the Fed’s hawkish hold and firm macroeconomic data.US President Donald Trump’s sweeping tariff executive order renews trade tensions, limiting Gold’s downside.Gold (XAU/USD) is treading water on Friday, hovering near $3,300 during the European trading hours as a resilient US Dollar (USD) caps gains in the precious metal. The Federal Reserve’s (Fed) decision to keep interest rates unchanged in its July monetary policy meeting, while signaling a data-dependent hawkish stance for future action, has led markets to scale…

The Greenback reverses part of its recent pullback on Friday.US Nonfarm Payrolls disappointed estimates at 73K in July.Next on tap on the US docket will be the ISM Manufacturing PMI.The Greenback, when tracked by the US Dollar Index (DXY), rapidly left behind the area of recent lows and slipped back to the vicinity of the 99.00 neighbourhood at the end of the week.Door open to a rate cut in September?Indeed, the index lost momentum after the US economy created 73K jobs iJuly, and the unemployment rate ticked a tad higher to 4.2%, while average hourly earnings—a proxy for inflation—rose to…

EUR/USD jumps over 150 pips, rising from 1.1391 to 1.1556 post-NFP release.The US economy added just 73K jobs in July, well below the 110K forecast.Unemployment Rate ticks up to 4.2%, in line with expectations.The Euro (EUR) reverses sharply against the US Dollar (USD) on Friday after the July Nonfarm Payrolls (NFP) report surprised to the downside, catching markets off guard. The pair had been under pressure throughout the week, trading on the back foot as the US Dollar held firm on robust economic data and hawkish Federal Reserve (Fed) outlook.EUR/USD surges nearly 150 pips from near multi-week lows following the…

Fundamental OverviewThe upside for the Nasdaq has been supported all along since the April 9 tariff pause by the lack of bearish drivers. In fact, we continued to see a general de-escalation in trade war that triggered a positive repricing in growth expectations and boosted risk assets. Now, we reached the peak in this trade as we got the deals in the expected 10-20% range. The focus now switched back to the Fed and the interest rates path. The Fed’s decision this week was very much expected and didn’t move the market at all. Rates were kept unchanged, and Waller…

CHUNYIP WONG/E+ via Getty Images The inflation rate in the Euro Area remained unchanged at 2% in July. The annual core inflation rate in the Eurozone, which excludes prices for energy, food, alcohol & tobacco, steadied at 2.3% in July 2025, the same as in each of the previous two months, and compared to Source link