USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B … [Continue reading]
Dow Jones Industrial Average climbs in NFP-fueled risk appetite recovery
The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) … [Continue reading]
Canadian Dollar extends losses after bumper NFP print
The Canadian Dollar (CAD) eased lower after better-than-expected US NFP numbers. Canada saw an upswing in Ivey PMIs, but was passed over by market watchers. A firm jump in US NFP jobs additions toppled rate cut hopes to wrap up the trading week. The … [Continue reading]
Coinbase set to delist non-compliant stablecoins by December in line with European laws, USDT could be at risk
Coinbase announced that it would delist stablecoins that are not compliant with MiCA laws, per Bloomberg report. The European Union intends to enact stricter laws to tighten its grip around the digital asset industry. Coinbase will begin delisting … [Continue reading]
United States Baker Hughes US Oil Rig Count came in at 479, below expectations (484)
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]
Breaking: Nonfarm Payrolls increase by 254,000 in September vs. 140,000 forecast
Nonfarm Payrolls (NFP) in the US rose by 254,000 in September, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 159,000 increase (revised from 142,000) recorded in August and surpassed the market expectation of … [Continue reading]
Italy Public Deficit/GDP down to 3.4% in 2Q from previous 8.8%
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]
Australian Dollar holds ground as US Dollar remains subdued ahead of Nonfarm Payrolls
The Australian Dollar appreciates as the RBA is widely expected to maintain its hawkish policy stance in November. The commodity-linked AUD receives support from stimulus measures in China, Australia’s largest trading partner. The risk-sensitive … [Continue reading]
Ethereum could be heavily impacted by US election results as expert weigh in
Ethereum investors expect increased volatility as the US election draws near, considering DeFi's regulatory uncertainties. A few whales sold portions of their holdings in contrast to ETH ETF inflows. Ethereum could reclaim the $2,395 level if it … [Continue reading]
XRP suffers 4% decline as SEC appeals ruling in Ripple lawsuit
XRP struggles as SEC appeals $125 million ruling in Ripple lawsuit on Thursday. Pro-crypto attorneys and experts warn XRP traders of the impact of an appeal and how the altcoin could lose its legal clarity. XRP trades down to $0.5162, could … [Continue reading]