The AUD/USD pair is displaying back-and-forth moves in a narrow range of 0.6400-0.6422 in the Tokyo session. The asset has turned sideways after a perpendicular fall from 0.6540 as the market sentiment turned extremely sour on geopolitical tensions.
Nonfarm Payrolls (NFP) in the US are expected to rise by 250,000 in September following August's increase of 315,000. Our experts will analyze the market reaction to the event from 12:00 GMT. Join us here!
EUR/USD was sold off on Thursday as investors get set for the outcome of Friday's key US event in Nonfarm Payrolls. US yields and the US dollar both rallied as investors dial back the sentiment surrounding a picot from the Federal Reserve.
Gold price has slipped modestly after facing barricades of around $1,715.00 in the Tokyo session. The precious metal is expected to slip further to near $1,700.00 as yields are hovering at elevated levels amid hawkish commentaries from Fed.
The world’s largest cryptocurrency exchange is observing an attack on its token chain and cryptocurrency. In response, Binance Coin’s price began falling on the charts making the investors highly concerned. Binance Coin has dropped by almost 4% since the opening hours.
No pain, no gain – this gym idiom resonates with stock bulls. The Federal Reserve has said it is willing to accept – and even wants to see – economic pain to see inflation falling. Last month was painful in financial markets, but did American employment also feel the pinch?
Alphabet (GOOGL) Stock Deep Dive: SELL with a $75 price target as advertising cutbacks to hurt revenue
I am sure we are no doubt all aware of Alphabet, but just in case some of you are die-hard Brave or Edge fans, here's a little teaser.
The Chinese culture says that one picture is worth a thousand words, and the exhibition below from the analysis of Goldman Sachs shows us all the drops in the U.S market, as well as their comebacks.
It’s official: The world is in the middle of its first ever Global Energy Crisis. In the Seventies, we had an Oil Crisis – but now we have an Oil Crisis, a Natural Gas Crisis, a Coal Crisis and an Electricity Crisis all at once.
Gold price is finding fresh demand in Thursday’s trading so far, reverting towards three-week highs amid a broadly subdued US dollar and lackluster performance in the Treasury yields.
Gold Price: Key levels to watch
The Technical Confluence Detector shows that the gold price is yearning for acceptance above the convergence of the SMA50 one-day and pivot point one-month R1 at $1,724.
The previous day’s high of $1,728 will test bulls’ immediate upside, above which the pivot point one-day R1 at $1,730 needs to be cleared to kickstart a fresh rally towards the previous month’s high of $1,735.
On the flip side, bulls will draw support from the Fibonacci 61.8% one-day at $1,718, below which sellers will target the previous low four-hour at $1,715.
The confluence of the Fibonacci 38.2% one-day and pivot point one-week R2 at $1,712 will be a tough nut to crack for XAU bears.
The world’s largest cryptocurrency exchange is observing an attack on its token chain and cryptocurrency. In response, Binance Coin’s price began falling on the charts making the investors highly concerned.
MATIC price has rallied 20% since the middle of September. Polygon price faces significant resistance near the upper bounds of a descending trend channel. Invalidation of the bearish thesis is a breach above $1.05.
XRP price could witness a sell-off into the mid $0.40 levels if the bulls hurdle through the $0.50 barrier. XRP's failure to maintain momentum over the $0.50 threshold may result in Ripples' demise. Invalidation of the bearish thesis is a breach above $0.51.
Partnering with Monetalis, MakerDAO will be using its stablecoin reserves to invest in US Treasuries and corporate bonds. $1 million has been set for the pilot transaction, following which the debt ceiling will rise to $250 million and $500 million.
Costco continues to search for a definitive direction after it reported earnings a couple of weeks ago. COST stock gapped lower on the earnings but has since recovered and largely traded sideways since. Investors are grappling with some margin issues as well as the overall negative climate affecting equities. COST closed out Wednesday at $480.32 for a loss of just over 1%.
Massive quantitative tightening does little to bring inflation down. Europe's green energy plan backfires as Russia continues to reduce supplies. EUR/USD corrective advance losses steam as economic turmoil remains the same.
GBP/USD ended up posting weekly gains despite Monday's massive sterling selloff. BoE had to step in following the market reaction to the UK's controversial mini-budget. The pair needs to flip 1.1300 into support to extend its rebound.
With the Fed meeting out of the way, a quieter week is on the horizon, barring of course any flare up of tensions between Russia and Ukraine. Either way, the spotlight will probably fall on the euro as far-right parties are expected to gain ground in Italy’s parliamentary election on Sunday.
The antipodean central banks will kick off the new month with their October policy decisions, but the latest jobs report out of the US could steal the limelight amid the never-ending anticipation of when the Fed will reach peak hawkishness.
NEXT LIVE SHOWS
|Date||Event Title||Sponsor||More Info|
|LIVE NFP: 198th Nonfarm Payrolls Coverage Wayne McDonell||Event Details|
|Premium||US Pre-Market Open Ed Ponsi, CTA||Event Details|
|Premium||US Session Open Ed Ponsi, CTA||Event Details|
|Live Market Analysis – Free Access Sam Evans||Event Details|