The Euro climbs as Nonfarm Payrolls show weak hiring, rising unemployment, and steady wage growth in August.US 2-year Treasury yield tumbles as markets fully price in September rate cut; DXY drops 0.70% to 97.57.Traders eye US CPI next week to … [Continue reading]
Dow Jones Industrial Average backslides after disappointing NFP print sparks recession fears
The Dow Jones backslid on Friday, falling back below 45,500.NFP job gains came in well below expectations, adding further bets to Fed rate cuts.A steepening decline in job creation has gone too far, overshooting market hopes for rate cuts and … [Continue reading]
XRP price sell-off below $3 extends as volatility spikes
XRP's intraday breakout gets snuffed out below the 100-period EMA on the 4-hour chart as volatility intensifies.XRP faces declining retail demand as Open Interest corrects to $7.4 billion.Positive futures funding rates uphold the rising demand for … [Continue reading]
Australia CFTC AUD NC Net Positions: $-82.7K vs $-100.6K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United Kingdom CFTC GBP NC Net Positions down to £-33.1K from previous £-31.4K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Eurozone CFTC EUR NC Net Positions declined to €119.6K from previous €123K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United States CFTC S&P 500 NC Net Positions rose from previous $-187.8K to $-161.1K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday. This comes on the … [Continue reading]
Breaking: Nonfarm Payrolls rise by 22,000 in August vs. 75,000 forecast
Nonfarm Payrolls (NFP) in the United States (US) rose by 22,000 in August, the US Bureau of Labor Statistics (BLS) reported on Friday.Join our NFP Live Coverage here Developing story, please refresh the page for updates.This section below was … [Continue reading]
Gold Price Forecast: XAU/USD bulls seem reluctant amid overbought RSI, ahead of US NFP report
Gold struggles to capitalize on modest intraday gains as traders keenly await the US NFP report.Rising Fed rate cut bets keep the USD bulls on the defensive and lend support to the commodity.Persistent trade-related uncertainties further act as a … [Continue reading]