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Australia’s September Jobs Report Disappoints, Unemployment Hits 4-Year High
Partner Center Australia’s labor market weakened more than expected in September, with 34,000 workers losing their jobs and the unemployment rate jumping to its highest level in four years at 4.5%. Analysts had expected a 20.5K increase in hiring for the month, following a downgraded 11.9K loss in e
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How to Tell if a Trading Bot is a Scam
Introduction Every trader has seen the ads: bots promising guaranteed profit, zero effort, and “life-changing” returns. The question most traders ask quietly is, how do I know if this is real or just another scam? In our last article, we outlined the features that make a bot reliable. Now, we flip t
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CAD steadier but underperforms versus majors – Scotiabank
The Canadian Dollar (CAD) has picked up a little ground in quiet trade to move back through the low 1.39s but its broader underperformance is extending and the chances of a significant rebound on its own merits look limited at this point, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theo
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USD ignores softer Tokyo CPI with focus on spreads & US PCE – Scotiabank
The Japanese Yen (JPY) is trading defensively in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report. JPY remains steady on the day "Risk is elevated into the US PCE release, as the outlook for relative central bank policy continues to
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Silver holds gains, Oil steadies as traders parse SNB decision and US data
Markets entered the final stretch of the week balancing central bank policy signals and key macro data releases. The Swiss National Bank (SNB) kept its policy rate at 0,00% on Thursday, sticking to its ultra-accommodative stance. In the United States, the final reading of Q2 GDP and weekly unemploym
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Silver building strong momentum – Further gains expected
XAU/USD Gold in a short term correction. The pattern is not yet clear but it could be a bull flag. We must wait for clarity. First support at 3725/20. Targets: 3735, 3745. Longs need stops below 3715. A break below 3715 risks a slide to 3710/08 then 3696/93, perhaps as far as 3690/88. However shorts
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