The October jobs report landed flat, delivering a disappointing 150,000 new jobs added — a sign of economic cooling. But this report alone doesn’t capture the broader trends developing beneath the surface. While seasonal strikes, a hurricane and hiring slowdowns contributed to the weaker-than-expected number, the real insight emerges when we take a step back…
A bullish trend began in Sponge market SPONGE Price Analysis – 01 November SPONGEUSDT will rise to $0.000196 and $0.000330 if the resistance level at $0.000136 is breached. The price may drop to the $0.000004 and $0.000006 support levels if the $0.000136 level holds and the $0.000087 level allows. SPONGEUSDT Market Key Levels: Resistance levels:…
Traders Workshop – For Real Success – You Need To Learn From The Best! Complete Trading School by Vladimir Ribakov Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of November 1st 2024 is here. It is now time to recap and summarize the trade setups that we had during this…
October 2024 in Figures November 1, 2024 The dollar made broad gains against other currencies during October. Equity markets experienced mixed results during the period. Long-term interest rate rises varied in size, and the European Central Bank, which lowered its deposit rate by 25 basis points, was the only monetary authority featured in the table…
US 10s daily US 10-year yields traded as low as 4.22% after non-farm payrolls but have rebounded to 4.32%. It’s tough to say what’s driven the reversal but here is a stab at it: Non-farm payrolls was skewed by the hurricanes and strikes and the market thinks the jobs maket is good ISM prices paid…
Overall Analysis Oil continues its momentum towards downside with swing creation indicating selling opportunities. Natural Gas is trying to break the selling trend, but 0.5 feb retracement gives strong rejection. Oil Chart Analysis Oil/USD 15-Minute Chart (Source: TradingView) On the 31st Oct 2024 trading session, oil prices showed a bull run while taking support of…
The US Dollar recovered modestly after a discouraging Nonfarm Payrolls report sent it sub-104.00. The steady unemployment rate and the uptick in hourly wages have tempered the negative reaction on the USD. The index bounced from an intraday low of 103.68, with technical indicators showing a growing bearish momentum. The US Dollar Index (DXY) has regained…
USD/CAD falls slightly to near 1.3900 after the US NFP report for October. Labor growth was significantly lower due to hurricanes that affected various regions. The US Manufacturing PMI surprisingly declined at a faster pace. The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday’s New York session. The Loonie asset…
Overall Analysis USD/CHF continued its rally towards the downside, but the price quickly reversed from the support area towards the resistance. In USD/JPY, sellers keep pressuring the market, but buyers continue breaking their swings and trying to push the market high. USD/CHF Chart Analysis USD/CHF 15-Minute Chart (Source: TradingView) On the 31st Oct 2024 the…
The tiny 12k payroll employment gain in October was heavily distorted by the impact of hurricanes, a large strike in the manufacturing sector, and an unusually low initial survey response rate, RBC’ economists note. Fed to cut rates by 25 basis points next week “The unemployment rate was likely a ‘cleaner’ read on labour markets…