Author: FX

The major assets were a mixed bag on Tuesday as traders juggled weak jobs data, geopolitical tensions, and shifting rate cut expectations. Stocks rose and gold hit fresh records before easing back, while the dollar staged a late rebound. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Manufacturing Sales for Q2 2025: -0.6% y/y (4.5% y/y forecast; 10.0% y/y previous) Chinese yuan hits 10-month high against dollar amid Fed rate cut expectations and strongest PBOC midpoint setting since November Japan LDP to hold full-scale Presidential election after Ishiba resignation Russia…

The oil market is about to get interesting.Crude prices are higher today but haven’t been able to recover from last week’s drop — which started on rumors of an OPEC+ production increase. The rumors turned out to be true as 137K bpd will hit the market next month.Worse yet, that pace of adding barrels is likely to continue until the full voluntary cuts are upwound (or possibly more than that beyond). This is a good graphic showing spare capacity.Looking at the chart of crude, it’s in a precarious place. The bottom end of the recent range didn’t hold and we…

Gold extends record-breaking rally to a fresh all-time high near $3,675, trading around $3,650 on Tuesday.Markets fully price in a September Fed rate cut after weaker-than-expected NFP, with a 25 bps move seen as certain.XAU/USD is consolidating just below record highs on the 1-hour chart, with RSI divergence signaling momentum fatigue.Gold (XAU/USD) extended its record-breaking rally on Tuesday to a fresh all-time high near $3,675, marking the third straight day of gains before trimming part of its intraday gains. At the time of writing, the yellow metal is trading near $3,650, up nearly 0.50% on the day, edging lower after…

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark revision to total Nonfarm employment for March 2025 is -911,000, or -0.6%.Developing story, please refresh the page for updates.This section below was published as a preview of the preliminary benchmark revision to Nonfarm Payrolls.The BLS will release the preliminary benchmark revision to employment data on Tuesday.Markets widely expect the Fed to lower the policy rate multiple times this year.Standard Chartered analysts think the Fed could opt for a 50 bps rate cut next week.The United States (US) Bureau of…

The BLS preliminary estimate of nonfarm payrolls benchmark revision would:Decrease March 2025 level of employment by -911K or -0.6%.The consensus was for a decline of -682K. Forecast range from -200K to -900KThe revision is the largest on record.In 2024 it showed a revision of -548KTrade transportation -226,000Retail -126,000The data shows a weaker employment picture than previously reported, and certainly would motivate the Fed to cut. It also highlights the data problem that has started to creep into the economic releases.US yields remain higher, with the two-year up 2.2 basis points at 3.517%. The 10-year yield is also up 2.2 basis…

Gold gathers bullish momentum and hit a new record-high of $3,674 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666.Gold seems to be benefiting from safe-haven flows amid a new escalation of geopolitical tensions in the Middle East.Several news outlets reported that there were several blasts heard in Qatar’s Doha, specifically over the Katara District in the capital.Shortly after, Israeli media, citing a senior Israeli official, noted that the attack targeted Hamas leadership located in Qatar, including Khalil Al-hayya and Zaher Jabarin. According to Israeli sources, the United States was notified before the…

USD/CHF stabilizes around 0.7940, recovering from its lowest level since July 24.Traders await US NFP benchmark revision due at 14:00 GMT, which is expected to show sharp downward revisions to job growth.Markets have fully priced in a 25 basis point rate cut at the Federal Reserve’s September 16-17 meeting, with a 50 bps move still seen as a possibility if the data proves weaker than feared.The Swiss Franc (CHF) softens slightly against the US Dollar (USD) on Tuesday, with the USD/CHF pair stabilizing after a two-day decline, as the Greenback attempts to recover from seven-week lows. Traders are treading cautiously…

UN urges states to set aside politics as it seeks $140 million for Afghanistan earthquake victims Source link

Eurostoxx +0.2%Germany DAX flatFrance CAC 40 +0.3%UK FTSE +0.1%Spain IBEX -0.2%Italy FTSE MIB +0.5%It’s a bit of a mixed bag but French stocks are at least a little higher after digesting Bayrou was ousted as prime minister yesterday. Besides that, there’s not too much else after the modest gains yesterday to start the week. US futures are also holding just a touch higher with S&P 500 futures now up 0.2%. That’s keeping the market mood in a steadier state as we slowly turn the focus towards the US CPI report later this week. This article was written by Justin Low…

The Session Open V-Line Indi MT4 Indicator is designed to mark the start of major trading sessions, such as London, New York, and Tokyo. These lines help traders recognize when fresh momentum enters the market. By simply looking at the chart, users can see when institutional activity usually picks up, allowing them to prepare for potential price swings and breakout opportunities. Why This Indicator Matters Many traders rely on price action around session openings because that’s when liquidity is at its highest. Without a visual reference, it’s easy to overlook these key times. The Session Open V-Line Indi solves this…