DynamicCapital-FX

DynamicCapital-FX

NZD/USD saw modest gains, but upside momentum remained limited as market sentiment stayed cautious amid renewed tariff threats from Trump ahead of the February 1 deadline. On Thursday, President Trump stated he would soon decide whether to exempt Canadian and Mexican oil imports from the 25% tariffs set to take effect on Saturday. He also reiterated that...

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Economic Data Impacting the Market On December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy,...

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The dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the...

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BTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958. The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels. BTC ETFs have experienced an outflow of $211 million, marking the...

DynamicCapital-FX

The pair pared some of its gains on board-based US dollar weakness. The overall bias remains bearish as long as resistance 0.8900 holds. It hit a low of 0.87745 and is currently trading around 0.87875. In November 2024, the U.S. added 227,000 jobs, much more than the expected 202,000, showing a strong job market after a weak October. The unemployment rate...

DynamicCapital-FX

Gold prices edged higher on Friday as the November U.S. job growth report indicated a gradual easing of the labor market, supporting expectations for further Federal Reserve rate cuts.

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Gold prices were set for their largest weekly drop over three years on Friday. Expectations of less aggressive interest rate cuts by the U.S. Federal Reserve, which strengthened the dollar, drove the drop.

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Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2%...

DynamicCapital-FX

Q3 GDP Results - QoQ: Rose by 0.1% (below the forecast of 0.2%). - YoY: Increased by 1.0% (above the expected 0.1%). - September GDP: Declined by 0.1% MoM and 1.0% YoY, missing estimates of 0.2% MoM and 1.1% YoY. Economic Pressures - A sharp increase in the tax burden on businesses, announced by Chancellor Rachel Reeves, is straining the economy. -...

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The policy divergence between the US Fed and SNB supports the pair at lower levels.   Jobless claims dropped to 227,000 for the week ending October 19, down from 242,000 the week before, suggesting some stability in the labor market. The four-week moving average rose by 6,750, reaching 231,000, which indicates that jobless claims are still showing fluctuations...

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BTCUSD Performance: BTCUSD pulled back after reaching a minor top around $65,000, hitting a high of $65,103 and currently trading around $62,500. Rate Cut Probability: The probability of a 25 basis point rate cut in September increased to 71.50% from 71% a week ago (CME Fed watch tool). BTC ETF Inflows: BTC ETF saw an inflow of $202.51 million, with...

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US economic data   Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are...

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The USD/CNY strengthened on Tuesday as a stronger U.S. dollar and concerns over a weak Chinese economy put pressure on the Yuan. Recent data from China revealed that manufacturing activity fell to a six-month low in August, while growth in new home prices also slowed during the same period. Additionally, the property sector has yet to respond positively to...

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Hamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential: Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to...

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Gold Reserve Diversification: At the LBMA conference, central bank representatives shared that gold purchases are driven by financial and strategic goals. US Election Impact: Uncertainty over the upcoming presidential elections, with Trump and Harris closely tied in polls, is prompting banks to hedge risks. Geopolitical Risks: Tensions in the Middle East...

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The shares of Apple Inc. reached a new all-time high on Monday, going above the previous record of $182.94 registered back in January 2022, as investors braced for the tech giant's annual Worldwide Developers Conference. Later today, Apple will be revealing a plethora of updates and new products, including the new rumored mixed-reality headset, which Bloomberg...

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On Thursday, investors are awaiting the publication of July data from the labor market. According to preliminary estimates, unemployment will remain at 4.1%, and full employment will slow down from 50.2K to 26.5K. In general, the sector remains stable in the current monetary policy of the Reserve Bank of Australia (RBA), against which the regulator’s officials may...

DynamicCapital-FX

Kazakhstan planned to cut its oil output, while Russia reported lower production in Sep, restricting the supply. Meanwhile, the heightened geopolitical tension in the Middle East increases concerns over oil production and transport. At the same time, market participants remain optimistic about the US economy, which could support oil demand. Today's NFP...