Author: FX

The U.S. private sector shed 32,000 jobs in November, according to ADP’s National Employment Report, marking the largest monthly decline since spring 2023 and falling far short of the 15,000 gain economists had expected. The disappointing figure reinforces mounting concerns about labor market deterioration heading into the Federal Reserve’s December policy meeting. Key Takeaways Private sector employment fell by 32,000 in November versus expectations for a 15,000 gain, with October’s figure revised upward from 42,000 to 47,000 Small businesses drove the decline, with establishments under 50 employees shedding 120,000 jobs—the steepest drop since May 2020—while large firms added 39,000 positions…

EUR/GBP has been cruising above a rising trend line since August and is sitting right on this support level! Will it continue to hold? Or will it fold and set off a long-term reversal? EUR/GBP 4-hour Forex Chart by TradingView EUR/GBP has been trending higher for roughly four months already, lifted mostly by neutral-to-hawkish European Central Bank (ECB) commentary while the Bank of England (BOE) leans dovish every now and then. Can December BOE easing hopes continue to keep the pair above this area of interest? Remember that directional biases and volatility conditions in market price are typically driven by…

Earlier:The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.The previous close was 7.0640Today’s mid rate set at 7.0640 is the strongest for CNY since 14 October 2024. The setting of the rate well above the expected level is a sign of the PBoC slowing the appreciation of…

Kolier Bands are an enhanced version of the classic Bollinger Bands, designed specifically for the MT4 platform. They consist of three lines: Upper Band: Indicates potential resistance and overbought conditions. Lower Band: Shows support levels and oversold conditions. Middle Band: A moving average that reflects the overall market trend. The bands automatically adjust to market volatility, widening during high activity and narrowing when the market is quiet. This dynamic adjustment allows traders to anticipate significant price moves and better time their trades. How the Indicator Works The Kolier Bands Bollinger Bands MT4 Indicator works by analyzing price action and volatility…

Australia’s Trade Surplus widened to 4,385M MoM in October versus 4,200M expected and 3,938M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.More to come…This section was published on December 4 at 23.10 GMT as a preview of the Australian Trade Data release.The Australian Trade Data OverviewThe Australian Bureau of Statistics will publish its data for August on Thursday at 00.30 GMT. Trade surplus is expected to widen to 4,200M MoM in October, compared to 3,938M in the previous reading.Trade Balance gives an early indication of the net export performance. If a steady demand…

Weak U.S. private payrolls data reinforced expectations for a December Federal Reserve rate cut, sending the dollar to its worst single-day loss since September.  Equities and bonds rallied on growing confidence that policymakers will ease despite lingering inflation concerns. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Reserve Bank of Australia Governor Michele Bullock said the labor market is still a bit tight and inflation has surprised to the upside Australia GDP Growth Rate for September 2025: 0.4% q/q (0.8% q/q forecast; 0.6% q/q previous); 2.1%…

Crude oil futures are settling at $58.95. That’s up $0.31 or 0.53%. The high price reached $59.64. The low price was at $58.37.The EIA weekly inventory data showed larger than expected builds:Crude oil 0.574 million versus -0.821 million estimate.Distillates +2.059 million versus +0.707 million estimate.Gasoline 4.518 million versus 1.468 million estimate.Technically, the price trading mostly above its rising 100 hour moving average at $59.07, but is settling below that level. The 200 hour moving average comes in at $58.65 and represents a target on the downside that would need to be broken to give the sellers more control.With inflation a…

Gold price declines some 0.20% on Wednesday as US economic data, although mixed, reaffirmes traders’ expectations for a rate cut next week at the Fed’s meeting. XAU/USD trades above $4,200 after bouncing off daily highss of $4,240.Bullion declines after mixed US indicators, as fresh central bank buying reinforces speculation of a December rate cutEarlier, data from ADP showed that private companies cut jobs in November amid an ongoing economic slowdown, as revealed by the latest reading of the ISM Manufacturing PMI data.Meanwhile, business activity in the services sector remained stable, reported the ISM. Services businesses account for more than two-thirds…

The US stock market experienced a captivating day of trading, marked by significant fluctuations across different sectors, highlighted by the contrasting performances of technology and auto manufacturing stocks.🔍 Sector OverviewTechnology Sector: The tech sector encountered a tough day, with notable declines in software and semiconductor stocks. Microsoft (MSFT) led the downward trend with a significant drop of 2.35%. Other tech giants like NVIDIA (NVDA) and Micron (MU) also saw declines, slipping 0.86% and 1.79%, respectively. These downturns reflect a cautious sentiment among investors towards high-growth tech stocks amid broader market uncertainties.Auto Manufacturing: In stark contrast, the auto sector shone brightly,…

So the U.S. Federal Reserve ended “QT” on December 1, 2025. What does that actually mean for currency traders? No, the U.S. central bank is not ending “Quality Time” because FOMC members are divided on their policy biases. Instead, after three years of draining money from the financial system, the Fed is just hitting pause on its quantitative tightening (QT) program – one of its most powerful monetary policy tools. Let’s break down what quantitative tightening is, why the Fed stopped it, and what it could mean for the U.S. dollar and bond markets. The Basics: What Just Happened What…