The US added 254,000 jobs in September, significantly exceeding the expected 140,000. August job growth was revised from 142,000 to 159,000. The unemployment rate fell to 4.1%, better than the previous rate of 4.2%. Average hourly earnings rose by 0.4% monthly, above the
Bitcoin funds saw inflows for the 8th day in a row. On September 30, 12 Bitcoin ETFs had total net inflows of $61.3 million. BlackRock's IBIT fund led with $72.15 million in new capital. Fidelity’s FBTC fund added $8.32 million. ARK’s 21Shares and
Current Target: Bank of America expects the Eurodollar (EUR/USD) to reach $1.12 by the end of this year. Limited Growth: With the Eurodollar close to this target, there's not much more room for it to rise, and it might even fall slightly. Future Prediction: The Eurodollar
Ethereum ETFs experienced net outflows of $3.2 million on October 3 Grayscale faced the largest outflows at $14.69 million, followed by Fidelity with $587,090. BlackRock’s Ethereum Fund (ETHA) recorded net inflows of $12.08 million, offsetting some losses. Daily trading volumes for Ethereum funds dropped to
German Industrial Orders (MoM): Actual: -5.8% Forecast: -2% Previous: 2.9% Significant decline in industrial orders, much worse than expected. UK Halifax House Prices (MoM): Actual: 0.3% Forecast: Not provided Previous: 0.3% House prices remain stable month-over-month. UK Halifax House Prices (YoY): Actual: 4.7% Forecast: Not
The Nikkei, Japan’s main stock index, rose by 1.93% on Tuesday. This rise recovered some of the 4.80% loss from the previous session. The stock market improved after a report from the Bank of Japan’s September meeting. The report mentioned that Japan's economy is
Oil prices went up sharply on Tuesday. This increase happened due to rising tensions in the Middle East. Iran launched over 100 missiles at Israel. The conflict between Iran and Israel caused concerns, affecting oil markets.
Gold prices remained steady on Wednesday. A stronger U.S. dollar balanced out the demand for gold as a safe haven. The demand for gold rose due to rising tensions in the Middle East. Investors are waiting for U.S. economic data for further insights.
Bitcoin recently experienced its largest drop in almost a month. The decline occurred as tensions in the Middle East grew. Riskier assets, including Bitcoin, were impacted by this global uncertainty. This challenges the idea that cryptocurrencies are a reliable "safe haven" during times of crisis.
September Nonfarm Payrolls exceeded market expectations. Ongoing fragility in the European economy raises recession risks. The pair fell below 1.1000, reaching 1.0958 on Friday. The US Dollar advanced due to reduced expectations for aggressive Fed rate cuts following positive macro data. Concerns over oil supply disruptions affected stock
Gold (XAU/USD) lost bullish momentum after reaching a new record high last week. Geopolitical developments and upcoming US inflation data are crucial for gold's direction. Strength of the US Dollar is counteracting the increased demand for gold as a safe haven.
Bank of America predicts the Eurodollar (EUR/USD) could reach $1.12 by the end of this year. Once it reaches $1.12, there may be limited further upward movement. The Eurodollar could drop from this target but may rise again in 2025. Bank of America expects the Eurodollar to