FX markets muted as traders watch Iran war updates, wait for jobs data

By JustMarkets Stocks in the US ended the session higher on Wednesday. The Dow Jones Index (US30) rose by 0.14%, while the S&P 500 Index (US500) gained 0.42%. The NASDAQ Technology Index (US100) closed positive, 0.57% yesterday. Stocks rose on Wednesday after a significant downward revision to US payrolls data and a dovish FOMC meeting minutes from July 30-31 drove bond yields lower…

International Women’s Month is one of the most meaningful global celebrations every March. It highlights the achievements, struggles, and progress of women across history and modern society. This celebration connects communities worldwide while promoting gender equality and protecting women’s rights. I always get excited when International Women’s Month arrives. It feels like a global reminder…

Services PMI 51.2 vs 50.9 expected and 51.1 prior. Manufacturing PMI 48.2 vs 47.0 expected and 47.0 prior. Composite PMI 50.9 vs 50.0 expected and 50.4 prior. All the indices jumped to a 3-month high. S&P Global says that companies have been cutting employment amid falling sales and that price pressures reignited pointing to a…

Microsoft’s stock price after the earnings report will be strongly affected by its strategy and a few remaining uncertainties. Key Strategic Issues The partnership with OpenAI continues to be a major worry for the stock, creating a “stock overhang.” Key details are still unclear, such as Microsoft’s rights to OpenAI’s technology (intellectual property or IP)…

USD/CAD is poppin’ up red candlesticks just below a key technical support area! Are we looking at a breakout in the making? Or are dollar bulls about to stomp in and say, “Not today, bears!”? USD/CAD Daily Forex Chart by TradingView The U.S. dollar is down bad in August, thanks to U.S. data releases and…