Category: Markets
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Forexlive Americas FX news wrap 4Oct:US jobs report is strong. USD, yields and stocks rise
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The US September jobs report beat expectations today, with non-farm payrolls rising by 254,000 compared to expectations of 140,000. The unemployment rate decreased slightly to 4.1%, approaching 4.0%, and the participation rate stabilized at 62.7%. Private sector payrolls rose by 223,000, while average hourly earnings rose 0.4% month-over-month and 4.0%…
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Stellantis sues UAW in US federal court over strike threats By Reuters
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Written by David Shepardson and Ben Klayman WASHINGTON/DETROIT (Reuters) – Stellantis, the parent company of Chrysler (NYSE:), has filed a federal lawsuit against the United Auto Workers, saying the union violated a contract by threatening to strike over the company’s delay in a planned investment. The automaker filed the lawsuit…
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White House economic advisor Brainerd expects impact on employment from hurricane Helene
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Consumer credit and Fed speeches highlight Monday’s economic calendar By Investing.com
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As traders approach another pivotal day for the financial markets, a series of critical decisions and economic data releases that could impact market dynamics are expected on Monday, October 7, 2024. The economic calendar for the day includes important speeches from Federal Reserve officials and consumer data releases. Credit data,…
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UBS sees limited USD gains amid global events By Investing.com
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Growth-supporting currencies have struggled recently, but upcoming economic data and central bank meetings are expected to cap further gains in the US dollar, UBS noted while providing insight into recent currency market movements. UBS’s observation came after the US dollar (DXY index) rebounded after failing to break the 100 level.…
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JPMorgan now sees the Fed cutting by 25 basis points
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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US port strike ends, leaving cargo backlog By Reuters
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By Doyinsola Oladipo and David Shepardson (Reuters) – U.S. East Coast and Gulf Coast ports reopened on Friday after dock workers and port operators reached a wage agreement to settle the industry’s biggest work stoppage in nearly half a century, but clearing a backlog of cargo will take time. The…
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More dollar weakness likely, despite gains
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Investing.com – The US dollar has been in demand this week, with recent strength lost due to the weakness of the greenback. However, UBS warns against continuing to buy dollars in the future. At 08:05 EDT (12:05 GMT), the dollar index, which tracks the greenback against a basket of six…
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4 Ways You Can Avoid Missing Good Trades
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Forex traders who want to make consistent profits know the importance of tracking the rights and wrongs of their trades. Unfortunately, the impact of the deals they don’t make is often overlooked. Traders are no strangers to missing out on good trading opportunities. At one point or another, we have…
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China urges EU to delay EV tariffs and avoid trade tensions
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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CVS Health upgraded at TD Cowen after insurer unveils 2025 Medicare Advantage plan By Investing.com
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Investing.com – Analysts at TD Cowen raised their rating on CVS Health (NYSE:) to “buy” from “hold,” citing changes to Medicare Advantage plan benefits for 2025 announced earlier this week. Along with peers like Humana (NYSE:) and Cigna (NYSE:), CVS unveiled details of next year’s government-backed health insurance plans for…
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CVS Health upgraded at TD Cowen after insurer unveils 2025 Medicare Advantage plan By Investing.com
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Investing.com – Analysts at TD Cowen raised their rating on CVS Health (NYSE:) to “buy” from “hold,” citing changes to Medicare Advantage plan benefits for 2025 announced earlier this week. Along with peers like Humana (NYSE:) and Cigna (NYSE:), CVS unveiled details of next year’s government-backed health insurance plans for…
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Dollar on track for hefty weekly gains ahead of payrolls By Investing.com
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Investing.com – The US dollar fell slightly on Friday, falling from a six-week high ahead of a key jobs report that could determine sentiment ahead of the Federal Reserve’s next meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Mixed U.S. Jobs Data Triggers Choppy U.S. Dollar Moves
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As markets hotly debate the Fed’s next policy moves, US labor market updates – which Fed members said they are closely following – are likely to increase volatility between major US dollar pairs. Thursday report from Challenger, Gray and Christmas reversed 72,821 planned job cuts in SeptemberThis is slightly lower…
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European Stocks Trade Steady Before US Jobs Data: Markets Wrap
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(Bloomberg) — European stocks and U.S. futures were volatile ahead of key U.S. jobs data that will help determine the course of interest rates. Oil prices fell after escalating tensions in the Middle East led to the largest single-day jump in almost a year. Most read from Bloomberg There was…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Russia files lawsuit against Shell units, court documents show By Reuters
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MOSCOW (Reuters) – Russia’s prosecutor general has filed a lawsuit against a number of units of energy major Shell (LON:), court documents showed on Friday. The lawsuit filed before the Moscow Arbitration Court on October 2 was directed against eight units of Shell. The documents indicated that Gazprom (MCX:) Export,…
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Chart Art: EUR/USD Is at a Range Support Ahead of the U.S. NFP Release!
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Looking for trade setups during the US Nonfarm Payrolls report? We have arrived! In case you missed this news, the EUR/USD pair looks like it is poised near a technical support level ahead of Uncle Sam’s employment updates. EUR/USD for 4 hours Chart by TradingView The euro is not having…
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ForexLive Asia-Pacific FX news wrap: Awaiting the US nonfarm payroll jobs report
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…