Eliman Dambell
Tradeview Markets
US non-farm payrolls far exceed expectations
Non-farm payrolls (NFP) in the United States rose by more than expected last month, data released today showed.
According to figures from the Labor Department, payrolls rose by 336,000 in September.
This was higher than the 170,000 sum forecasted, and more than an upwardly revised figure of 227,000 the month prior.
The nation’s rate of unemployment also came in higher than projected, with a reading of 3.8%.
Gold rebounded from a 7-month low on the news.
SEC files lawsuit against Elon Musk
The Securities and Exchange Commision filed a lawsuit against Elon Musk on Friday, relating to his acquisition of Twitter.
According to reports, the SEC alleges that Musk failed to provide testimony during the agency´s probe into his takeover of Twitter.
In the court filing, it is said that, "The SEC staff is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws."
However, added that, "Musk´s ongoing refusal was hindering and delaying" the investigation.
The lawyer for Elon Musk responded to this saying, "The SEC has already taken Mr. Musk´s testimony multiple times in this misguided investigation - enough is enough."
Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended. This electronic mail message is intended only for the person or entity named in the addressee field. This message contains information that is privileged and confidential. If you are not the addressee thereof or the person responsible for its delivery, please notify us immediately by telephone and permanently delete all copies of this message. Any dissemination or copying of this message by anyone other than the addressee is strictly prohibited.
Recommended Content
Editors’ Picks
AUD/USD awaits RBA Meeting Minutes for direction
The AUD/USD pair retreated from above 0.6700 and trades around 0.6670 early in Asia, following clues from Gold price in the absence of other news. Australia will publish Westpac Consumer Confidence and RBA Minutes early on Tuesday.
EUR/USD consolidates ahead of 1.0900
The EUR/USD pair failed to grab speculative interest’s attention on Monday and consolidated at around 1.0860. Federal Reserve officials keep flooding the news, but so far, failed to spur some action.
Gold retreated from record highs, maintains the upward bias
Gold rose sharply at the beginning of the week on escalating geopolitical tensions and touched a new all-time high of $2,450. With market mood improving modestly, XAU/USD erases a majority of its daily gains but manages to hold above $2,400.
Ethereum poised for high volatility as SEC may ‘slow play S-1s’ filings
Ethereum's (ETH) price movement on Monday reveals traders' uncertainty following Grayscale CEO's departure and expectations that the Securities & Exchange Commission (SEC) would deny applications for spot ETH ETFs this week.
Signed into law: Alabama abolishes income taxes on Gold and Silver
On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.