“US Jobless Claims Spike: Labor Market Weakness, Fed Rate Cuts, and Market Implications” Unemployment number The old trading adage, “It’s not the news but the reaction to the news that matters,” was on full display after last week’s sharp increase in U.S. weekly jobless claims. Markets initially reacted to fears of an acceleration in labor…
The week ended with markets awaiting the key Federal Reserve meeting on September 16–17. The euro held around 1.1730, Bitcoin resumed its growth, the average Brent crude price remained at $66.50 per barrel, while gold once again renewed its all-time high. 💶 EUR/USD The euro closed the week at 1.1734. Buyers are vigorously defending the…
Japan in Turmoil: Prime Minister Ishiba Resigns After Election Defeat, LDP Leadership Vote Set for October 4 Japan in Turmoil: What Comes Next After Prime Minister Ishiba Resigns? Tokyo Japan Japanese politics was shaken this week as Prime Minister Shigeru Ishiba announced his resignation as both head of government and president of the ruling…
The past week ended with mixed performance across markets. The euro stabilised around 1.1700 against the dollar, Bitcoin fluctuated just above 111,000, Brent crude fell toward 65 dollars per barrel, while gold climbed to 3,600, setting new all-time highs. Investors still expect that at the meeting on September 16-17 the Federal Reserve will cut rates…
Post-Summer Trading Outlook: Uncertainty Looms Over Fed Cuts, Jobs Data, and Global Risks Federal Reserve interest rates – Post-Summer Trading Outlook The start of post-summer trading often mirrors the beginning of a new year, as traders and investors return from vacation and markets regain momentum. Historically, the first week of September tends to bring…
Fundamental Overview The USD finished last week at the lows despite the lack of meaningful catalysts. Overall, it just maintained the bearish bias triggered by Powell’s dovish tilt at the Jackson Hole Symposium. This week, traders will be focused on the US labour market data, culminating in the NFP report on Friday. In fact, the…
In the final days of August, the dollar weakened after Jerome Powell’s dovish remarks at Jackson Hole. The Fed Chair hinted at a possible rate cut in September, which sent the Dollar Index (DXY) sharply lower. Over the past week, the index failed to recover those losses and closed at 97.77. Investors continue to expect…
The Japanese Yen strengthens, dragging USD/JPY below the 147.00 psychological level. The US Dollar is pressured by concerns over Fed independence and a dovish monetary policy outlook, overshadowing upbeat US GDP and jobs data. Focus shifts to Friday’s July PCE and Japan’s Tokyo CPI, labor and retail figures for fresh direction. The Japanese Yen (JPY)…
Mastering Retracements in Trading: A Practical Guide Mastering Retracements in Leverage Trading Retracements are one of the most powerful tools in technical analysis, and understanding how they work can significantly improve your trading results. In this article, we’ll break down why retracements work and how to trade them effectively using a common-sense approach. Why Do…
USD/JPY could weaken as BoJ Governor Ueda expressed optimism that conditions for another rate hike are coming into place. The US Dollar may struggle as expectations grow for a Federal Reserve interest rate cut in September. Fed Chair Powell stated that risks to the labor market are increasing, while also noting that inflation remains a…