07/10/2022
📈 It's the first Friday of October, so the United States will release key jobs data, the Non-farm Payrolls (NFP), at 15:30 MT time. The forecast is 248K after 315K the previous month. The USD can make swings on the news – our analysts will make a live stream to comment on the market and share trade ideas. Click to join!
🟡 Gold is headed for the largest weekly gain since March ahead of NFP which will shape expectations about how much more tightening is yet to come from the Federal Reserve. XAUUSD went above 1700 but is currently held back by the 50-day MA and a trendline around 1725.
💹 USDJPY is above 145.00, the level at which, in September, there was an intervention to bring the pair down.
📉 HK50 declined after Advanced Micro Devices Inc. and Samsung Electronics Co. reported earnings that missed analyst estimates. USDCHN rose 0.7% after China said its foreign-exchange reserves fell to the lowest since 2017.
⚠ Binance, the world's largest cryptocurrency exchange, was hacked, and around $100 million of Binance Coin was stolen. Luckily, with FBS, you can make buy and sell trades with BNBUSD without the risk of your funds being stolen.
💼 Talks between Elon Musk and Twitter Inc. to resolve the $44 billion takeover are stuck in part over Musk's statement that his offer is now contingent on receiving $13 billion in debt financing. Earlier this week, Twitter stock jumped by 22% on the news that Musk plans to go ahead with the deal. Now it may reverse back down.
What are your trading plans for today? React with 👍 if you’ll be at the stream!
https://fbs.partners?ibl=83654&ibp=3455307