Markets The US labour market hums along. Companies in September added 263k jobs. The biggest contributing sectors were education & health (+90k), leisure & hospitality (+83k) and professional business services (+46k). Some point at seasonal Read more…
US stocks tumbled as job strength remains, which means we most likely won’t be seeing a Fed downshift at the next FOMC meeting in November. Treasury yields rose alongside the US dollar after another solid Read more…
Daily Pivots: (S1) 144.64; (P) 144.89; (R1) 145.39; More… Intraday bias in USD/JPY remains neutral for the moment. Further rally is expected as long as 139.37 resistance turned support holds. Break of 145.89 will target Read more…
Daily Pivots: (S1) 0.9819; (P) 0.9867; (R1) 0.9952; More… USD/CHF is still staying below 0.9964 resistance and intraday bias remains neutral. Consolidation from 0.9964 could extend but further rally is in favor as long as Read more…
Daily Pivots: (S1) 1.1054; (P) 1.1219; (R1) 1.1323; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.1023 minor support will indicate that rebound from 1.0351 is over. Intraday Read more…
The U.S. economy added 263k jobs in September, coming in slightly above the consensus forecast of 250k. Revisions to the two prior months were slightly positive, with July’s reading adding an additional 11k jobs to Read more…
EUR/USD is unchanged today after a nasty two-day slide, trading at 0.9792 in the European session. The euro flirted with the symbolic parity line on Wednesday, but then plunged 200 points. German retail sales underperforms Read more…
Daily Pivots: (S1) 0.9745; (P) 0.9835; (R1) 0.9883; More… Immediate focus is now on 0.9734 minor support in EUR/USD. Firm break there will argue that larger down trend is ready to resume through 0.9534. Next Read more…
Dollar rises broadly after US published another set of robust non-farm payroll job data. As Fed got a nod from the report for continuing its aggressive tightening, US stock futures are trading knocked down while Read more…
US non-farm payroll employment grew 263k in September, just slightly below expectation of 265k. Monthly job growth has averaged 420k in 2022, comparing with 562k in 2021. Unemployment rate rose dropped from 3.7% to 3.5%, Read more…