Author: Admin

“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 market weakness, but the details suggest a less dire picture. What the Jobless Claims Data Shows Initial claims for unemployment insurance spiked by 27,000 to 263,000, well above the consensus forecast of 230,000. This was the highest reading since October 2021, raising concerns about whether…

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XAU/USD climbs to fresh record high on Monday above $3,680.Markets price in 25 bps for September Fed cut as minority see 50 bps.On Tuesday, US Retail Sales may set tone ahead of Fed decision.Gold prices on Monday rallied past the previous record high of $3,674, hitting $3,682 and poised to challenge the $3,700 level in the near term. Traders are setting up for the Federal Open Market Committee’s (FOMC)monetary policy meeting on September 16-17. Expectations for a rate cut are high, therefore, US Treasury yields tumbled on Monday. At the time of writing, XAU/USD trades at $3,681, up by over…

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EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut.Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC.ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatility.EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week’s monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged.Euro ends week modestly higher as soft US…

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USD/CHF up 0.12% but trades below 20- and 50-day SMA confluence at 0.8019/23, keeping sellers in control.RSI bearish but flat, suggesting near-term consolidation unless breakout above 0.8000 or drop below 0.7900 occurs.Upside targets include 0.8025 and 100-day SMA at 0.8109; downside risks point to yearly low at 0.7872.USD/CHF advanced during the North American session, yet it remains consolidating at around the 0.7950-0.8000 range ahead of the next week Federal Reserve’s monetary policy meeting. The pair trades at 0.7966 up 0.12%.USD/CHF Price Forecast: Technical outlookThe USD/CHF daily chart shows that price action is poised to test yearly lows. Spot prices remain…

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