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LAST WEEK’S RECAP The DXY index, which measures the strength of the US dollar, fell by almost 2.75%. This decline happened over the last few trading sessions and was triggered by lower-than-expected US inflation figures and disappointing initial jobless claims. The broader greenback dropped significantly, nearing its lowest level since early September. The decrease in…

Weekly Recap Last week was a transitional period for both the financial markets and the calendar. Treasury yields fell significantly, leading to a decrease in the value of the dollar, while equities experienced their most profitable week in a year. The performance of non-farm payrolls and ISM services was weaker than anticipated, which contributed to…

US NFP DATA FOR OCTOBER The US Non-farm payroll data for October fell short of expectations, with the actual figure coming in at 150,000 compared to the anticipated 180,000. Furthermore, the unemployment rate showed a slight increase from 3.8% to 3.9%. Although average hourly earnings exhibited an increase on a yearly basis, they cooled off…

Last Week Summary The S&P 500 stock index has recently experienced a decline of more than 10%, which meets the definition of a ‘market correction.’ This has raised concerns among forex traders who are closely monitoring the situation due to factors such as geopolitical tensions, interest rates, and less-than-stellar third-quarter corporate earnings. The US stock…

Last Week Summary The financial markets are experiencing a lot of volatility and uncertainty due to geopolitical tensions. The bond market is susceptible, with the 10-year Treasury yield reaching 5% for the first time since 2007. This is due to a combination of factors, including an expanding bond supply and ongoing geopolitical crises. The US…