The U.S. government has started to layoff federal employees, the Office of Management and Budget’s chief Russell Vought said on Friday, the 10th day of the shutdown, which is the first in six years. In a post on the social media platform X, Vought said, “The RIFs have begun.” RIFs is an acronym for reductions
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Asia-Pacific traders face a relatively busy week, dominated by Chinese trade and inflation figures, Australia’s employment data, and ongoing political strains in Japan. The week starts quietly on Sunday with New Zealand’s Business NZ PSI for September, before turning to China’s trade balance later in the evening. Exports and imports will be closely scrutinized to
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The Dow Jones Industrial Average (DJIA) soured sharply on Friday, plummeting to its lowest bids in nearly three weeks and declining over 900 points top-to-bottom after US President Donald Trump pulled out of trade talks with Chinese President Xi Jinping and vowed to sharply increase import tariffs on all Chinese goods. According to Trump, China
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Gold (XAU/USD) holds firm on Friday following a sharp pullback the previous day after retesting Wednesday’s all-time high of $4,059. At the time of writing, XAU/USD is hovering around $3,985, as bulls struggle to extend gains beyond the $4,000 psychological mark. The pullback from record highs was largely driven by profit-taking and easing geopolitical risk
Markets just received the Canadian labor report — and unlike the still-missing U.S. one (thanks, government shutdown), this one actually delivered. Canada added +60K jobs vs. +5K expected, a sharp rebound from last month’s -65K loss. Even better, most of these gains came from full-time positions, signaling renewed strength in the labor market. Being bullish
2025.10.10 2025.10.10 XAU/USD: Elliott Wave Analysis and Forecast for 10.10.25 – 17.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 3,882.26 with a target of 4,200.00 – 4,400.00. A buy signal: the local correction ends and the price settles above
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Solana slips Solana’s (SOL) has seen a tumultuous stretch this week, with fresh developments adding nuance to the broader narrative of momentum, scepticism, and ecosystem shifts. JPMorgan analysts warned that newly proposed spot Solana exchange-traded funds (ETFs) may attract only modest inflows (around $1.5 billion in their first year), citing waning on-chain engagement and investor fatigue as
Italy’s industrial production declined more-than-expected in August, and at the steepest pace in eight months, the statistical office ISTAT reported Friday. Industrial output contracted 2.4 percent month-on-month in August, in contrast to the 0.4 percent increase in July. The expected fall was 0.4 percent. Further, this was the sharpest decrease since December 2024, when production
Greece Industrial Production (YoY) dipped from previous -0.5% to -2.9% in August Source link
Key takeaways Gold (XAU/USD) surged 8.5% since late September, breaking above US$4,000 to hit a new all-time high of US$4,059. The rally is driven by demand for inflation hedges and fears of fiat currency debasement amid fiscal concerns. Technical indicators show an overstretched uptrend, raising the risk of a short-term pullback below US$4,012. The medium-term
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The USD/JPY outlook remains broadly bullish with mild pullbacks amid intervention fears. The US dollar gains safe-haven demand due to political chaos in Japan and Europe. Investors are eying consumer sentiment data today for more impetus. The US dollar trades mixed against the Japanese yen on Friday after marking a fresh eight-month top above the
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