US nonfarm payrolls collapse in October but economists see the slowdown as transitory
US non-farm payrolls numbers shocked by only 12K new jobs created in October, compared to forecasted increase by 103K and downwardly revised September’s figure from 254K to 223K.
The unemployment rate was unchanged at 4.1% while average…
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Bank of Japan keeps interest rates steady, in line with expectations
The Bank of Japan is signaling a potential shift away from its long-standing ultra-easy monetary policy, though it continues to adopt a cautious stance on rate hikes.
At its recent meeting, the BOJ maintained short-term interest rates at…
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Eurozone economic growth picked up in Q3 but overall picture remains dark
The eurozone's economy grew more than anticipated in the third quarter, with GDP expanding by 0.4%, an improvement from the previous quarter's 0.2% growth and above consensus expectations of 0.2%.
However, persistent issues, including…
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Bitcoin attacks key resistance zone, fueled by expectations of Trump’s election victory
BTCUSD keeps firm tone and holding near new record high (73839 posted in March) after strong acceleration on Tuesday (up 3.6% for the day) rose above 73K for the first time in 7 ½ months and spiked to the levels near all-time top.…
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US goods trade deficit rises to the highest in 2 ½ years in September
The US trade deficit in goods surged to a 2.5-year high in September, reaching $108.2 billion, as reported by the Commerce Department's Bureau of Economic Analysis.
This 14.9% increase in the trade gap, the largest since March 2022,…
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Gold – bulls remain firmly in play on geopolitical and US election uncertainty
Gold keeps firm tone, and trading just ticks under new record high posted last week, supported by strong safe haven demand on persisting geopolitical tensions and growing uncertainty surrounding US presidential election.
Markets await…
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Oil opens with gap lower as supply fears fade after Israel’s attack on Iran
WTI oil opened with wide gap lower on Monday and fell to the lowest levels in nearly one month, registering a drop of around 5% at the start of the week.
Israel’s attack on Iran over the weekend was a main oil driver with Iran’s oil…
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German business sentiment improves more than expected in October – Ifo
The latest Ifo Institute survey indicates a surprising improvement in German business sentiment, with the Ifo business climate index rising to 86.5 in October, surpassing both the previous month’s 85.4 and market expectations of 85.6.
This…
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EURUSD – overall negative PMI data and dovish ECB to weigh on current recovery attempts
EURUSD edges higher on Thursday morning as oversold daily studies prompted partial profit taking.
Recovery is unlikely to be significant as the pair is in a larger downtrend, driven by negative technical and fundamentals.
Release of…
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AUDUSD – bears take a breather but firmer direction signal to be expected on break of either…
AUDUSD edges higher on Thursday morning after bears repeatedly failed to clear 200DMA support (0.6627).
Recovery is in its early stage and needs more work at the upside to generate firmer positive signal, although near-term action to…
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