Author: FX
WTI Crude Oil falls over 3% intraday on Friday but remains up 2.25% for the week.Geopolitical volatility spikes after US President Trump announces the deployment of nuclear submarines near Russia.Technically, WTI remains trapped in a symmetrical triangle with the price now approaching the lower boundary.West Texas Intermediate (WTI) Crude Oil is under pressure heading into the weekend, with the price sliding over 3% on Friday to trade near $66.70, pulling back from its highest level near $70 since June 23, reached on Wednesday. WTI is trading near $66.67 at the time of writing, down over 3% intraday, as technical resistance…
After flagging a Dow breakdown alert, the broader market finally heeds the warning—this selloff was written on the wall days ago. Introduction Thursday’s rally fizzled as all three major U.S. equity futures hit resistance at their respective “micro 5” upper-channel pivots—Dow at 45,303, Nasdaq at 23,760.75, and S&P 500 at 6,459—only to reverse sharply. By mid-Friday, bears were firmly in control, extending the selloff into a second to fourth consecutive session. This synchronised breakdown underscores waning bullish momentum and heightens the risk of a deeper pullback if critical support levels give way. 1. Dow Futures – Rising-Wedge Breakdown Accelerates Pattern…
Gold price rallies to $3,350 after weak US Nonfarm Payrolls report shows just 73K jobs added in July.May–June payrolls revised down by 258K; labor market turmoil supports Fed doves’ push for cuts.Fed funds futures now price 76% odds of a 25 bps rate cut in September.ISM Manufacturing PMI shows sector remains in recessionary territory; UoM Consumer Sentiment deteriorates.Gold price rallies more than 1.50% on Friday following the release of a dismal Nonfarm Payrolls (NFP) report in the United States (US), which showed the jobs market is cooling faster than expected. Also, an escalation of geopolitical risks between Russia and the…
AUD/USD gives up most of its post-NFP gains but remains modestly higher on the day, still on track for its biggest weekly loss since March.The US NFP report showed only 73K jobs added in July, well below the 110K expected.Australia’s Q2 Producer Price Index slowed to 3.4% YoY and 0.7% QoQ, indicating easing input cost pressures.The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data. The AUD/USD initially surged nearly 70 pips after US jobs data…
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…