Bitcoin is up over $8k on the week with hardly a pullback seen during the latest move. The market leader looks strong but overbought, according to one technical indicator.
Australian Dollar Outlook: Energy Burst Boosts Markets. Can it Drive AUD/USD Up?
The Australian Dollar is subject to external forces as commodities roar and risk sentiment sways under Chinese outcomes. Where to next for AUD/USD?
GBP Forecast: BoE Rate Rise This Year? Don’t Bank on It
UK Labour and BoE speeches in focus. Aggressive tightening bets raise GBP sensitivity.
ForexLive Americas FX news wrap: Non-farm payrolls miss the mark
Forex news for North American trade on Friday, October 8:
Markets:
The jobs report put a focus on the US dollar and the initial reaction was 20-40 pips of US dollar selling but beneath the surface there were enough caveats and silver linings to keep that trade in check.
Markets:
The jobs report put a focus on the US dollar and the initial reaction was 20-40 pips of US dollar selling but beneath the surface there were enough caveats and silver linings to keep that trade in check.
Major US indices close the day lower. Snap a three day win streak
NASDAQ index falls -0.5%. S&P and Dow marginally lower on the day
A look at the final numbers shows:
A look at the final numbers shows:
Some technical stories to mull over the weekend and trade in the new week
What to know from a technical perspective.
: The EURUSD is looking to close the week right around the 200 week moving average at 1.1570 after trading above and below that MA, and the 100 week MA at 1.1603. The current price is at 1.1570.
: The EURUSD is looking to close the week right around the 200 week moving average at 1.1570 after trading above and below that MA, and the 100 week MA at 1.1603. The current price is at 1.1570.
White House weighs wide ranging push for crypto oversight
Newswire report
The rumors have been swirling for days on a number of fronts, particularly stable coins. I don’t know if regulation is that much of a fear for crypto bulls any longer. At the moment, that’s being outweighed by signs of mainstream adoption, including a likely US ETF.
The rumors have been swirling for days on a number of fronts, particularly stable coins. I don’t know if regulation is that much of a fear for crypto bulls any longer. At the moment, that’s being outweighed by signs of mainstream adoption, including a likely US ETF.
Monday is a holiday in some markets
It’s Columbus day in the US and Thanksgiving in Canada
Monday is a semi-holiday in the US — Columbus day — so that will crimp activity. The CME and NYSE are open and SIFMA doesn’t recommend a bond closure. However there is no economic data on the schedule so that could keep it quiet.
Monday is a semi-holiday in the US — Columbus day — so that will crimp activity. The CME and NYSE are open and SIFMA doesn’t recommend a bond closure. However there is no economic data on the schedule so that could keep it quiet.
Autobauer: „Flucht aus Mitbestimmung“ – Geplante Opel-Zerstückelung sorgt für heftige Kritik
Die avisierte Ausgliederung der Werke gefährde Marke, Standorte und Jobs bei Opel, wettern Gewerkschaft und Betriebsrat. Erste Proteste sind geplant.Autozulieferer: Conti-Chef: Software bleibt trotz Konkurrenz unsere Domäne
Conti will sich noch stärker vom Teilelieferanten zum Software-Entwickler in der Branche wandeln. Doch der Druck durch die Autobauer steigt.