Source: PaxForex Premium Analytics Portal, Technical Insight China's largest foreign exchange reserves in the world fell in October for the second month in a row - to a minimum level since June - amid a strengthening yuan against the U.S. dollar. Their volume fell by $14.58 billion - to $3.128 trillion, according to the People's Bank of China (NBK). Gold reserves in value terms in China in October fell to $ 117.89 billion compared to $ 118.2 billion a month earlier, said the NBK. Meanwhile, the reserves remained at 62.64...
Source: PaxForex Premium Analytics Portal, Technical Insight In Canada, the unemployment rate fell in October: Canada: October, the net change in the employment rate of 83.6 thousand vs. the forecast of 100 thousand; Full employment is 69.1 thousand vs. the forecast of 100 thousand. 334 thousand; -3.1% YoY; Part-time employment is 14.5 thousand vs. the previous 44.2 thousand; -3.4% YoY; The unemployment rate is 8.9% vs. the forecast of 8.8% and pre. 9.0%; Hourly earnings of 5.2% vs. the forecast 5.4...
Source: PaxForex Premium Analytics Portal, Technical Insight Futures on Dow Jones Industrial Average and Standard & Poor's 500 stock indices went down sharply at statements by U.S. President Donald Trump, who called the counting of votes in the presidential election "fraud. S&P 500, H4 Pivot: 3510.00 Analysis: Provided that the index is traded above 3485.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3510.00 Take Profit 1: 3550.00 Take Profit 2: 3587.00...
Source: PaxForex Premium Analytics Portal, Technical Insight US capacity in Q3: before +10.1% (assumed to +10.6%); unit labour costs -8.9% vs. the forecast. -11.0%; previous unit labor costs of +9.0% (cfm to +8.5%). The change in labor costs is because low-paid workers who were dismissed during quarantine in Q2 returned to work, so the composition of the workforce changed. Quarantine and reopening make it impossible to separate the signal and noise in this data series. USD/JPY, 30 min Pivot: 103.54 Analysis...
Source: PaxForex Premium Analytics Portal, Technical Insight The U.S. economy added 661,000 jobs in September 2020, dropping sharply from an upward revision of 1.489 million in the previous month, below market expectations of 850,000. Non-Farm employment in September was 10.7 million, or 7.0 percent, below the February level. The largest increases were in leisure and hospitality (318,000), retail (142,000), health and social assistance (108,000), and professional and business services (89,000). Government employment declined (-...
