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The USD/JPY pair attracts some sellers to around 155.25 during the early Asian session on Thursday. The US Dollar (USD) softens against the Japanese Yen (JPY) on weaker-than-expected US jobs data and expectations of further US rate cuts.Data released by the Automatic Data Processing (ADP) on Wednesday showed that private employers shed 32,000 jobs in November, compared to the 47,000 increase (revised from 42,000) seen in October. This figure came in below the market expectation of 5,000 growth and marked the largest monthly decline since early 2023. This report pointed to a weakening US labor market, which exerted some selling…
‘Stranger Things’ finally wraps up on Netflix, ‘Fallout’ is back with a new season on Amazon and Taylor Swift takes over Disney+
When you think of America’s jewelry industry, cities like New York and Los Angeles might come to mind. But for more than a century, Providence, Rhode Island quietly held the title of the “Jewelry Capital of the World.” At the center of it all was the city’s Jewelry District, a powerhouse of craftsmanship, innovation, and industry that helped shape American jewelry manufacturing as we know it. As part of our series exploring historic and modern jewelry districts around the world, we’re highlighting Providence’s role in the evolution of the trade and how today’s jewelers can continue that legacy with smarter…
How Options Trading Works and Why Traders Use It Option Stock options have surged in popularity among both retail and institutional traders. They offer the potential for high returns, strategic flexibility, and leveraged exposure, allowing traders to control more shares than if they traded the underlying stock directly. However, this increased opportunity comes with increased risk. Options can be more volatile than stocks, and every option loses value over time due to time decay. Because of this, risk management is essential. This guide explains what stock options are, key terminology every trader must know, and why traders use options…
Emerging markets have performed strongly this year, in part on dollar weakness also owing to better economic policies, argues this fund manager.
EUR/GBP trades slightly higher on Tuesday, around 0.8800 at the time of writing, up about 0.15% on the day. The cross benefits from support for the Euro (EUR) after the release of marginally stronger macroeconomic data in the Eurozone, while the Pound Sterling (GBP) faces a context increasingly tilted toward interest rate cuts in the United Kingdom (UK).Preliminary data published by Eurostat show that the Harmonized Consumer Price Index (HCPI) accelerated in November to 2.2% YoY, up from 2.1% in October and above expectations, while the core index remained unchanged at 2.4%, defying forecasts for an uptick. On a monthly…
“He is of sound mind, but he might succumb to someone who offers him companionship.”
AUD/USD trades around 0.6550 on Monday at the time of writing, virtually unchanged on the day, as the market digests a batch of mixed US data and awaits key Australian releases. The pair remains confined in a phase of indecision, reflecting the relative weakness of both the Australian Dollar (AUD) and the US Dollar (USD).Pressure on the Greenback remains in the background, with investors continuing to price in a Federal Reserve (Fed) rate cut at its December meeting. The chance of a 25-basis-point easing move stands above 80%, reinforcing the view that US monetary policy is shifting toward a loosening…
“I bring in $7,200 a month from my pension and disability benefits.”
US Secretary of State Marco Rubio said on Sunday that a meeting between the US and Ukrainian officials was “very productive”, but more work remains to be done towards ending Russia’s war in Ukraine, the Guardian reported. Rubio further stated that the US aims to help Ukraine become “safer, stronger and more prosperous than it has ever been,” building on discussions that began in Geneva and lasted throughout the week. A source said US President Donald Trump’s special envoy, Steve Witkoff, will travel to Moscow to meet Vladimir Putin later this week. Market reactionAt the time of writing, the Gold price (XAU/USD) is trading 1.52%…