Private data indicates almost no increase in jobs in September, according to an economist.
Impact of Government Shutdown on U.S. Employment Data During a morning interview, U.S. Labor Secretary Lori Chavez Deremer addressed the effects of the government shutdown on employment statistics, layoffs, and related issues. Major economists are expressing concerns that job growth in the U.S. is diminishing significantly as the government closure disrupts the release of important […]
Major Auto Companies Seek Your Data, but Trump and Congress Reject It.
Congress Pushes for AM Radio in Vehicles Amid Concerns There’s a growing push in Congress to prevent automakers from sidelining consumer privacy and safety, especially as they receive significant federal support. Recently, the House Energy & Commerce Committee voted overwhelmingly—50 to 1—along with the Senate Commerce, Science, and Transportation Committee to back the All Vehicle […]
Records reveal SPLC trained DOJ prosecutors during Biden’s administration and had special access to hate crime data.
Partisan Connections Within Biden’s DOJ WASHINGTON – The Southern Poverty Law Center (SPLC), across both political spectrums, provided training for Department of Justice prosecutors and gained exclusive access to the federal hate crime database, revealing insights into the Biden administration’s operations. This collaboration was part of a broader strategy developed by the DOJ’s Civil Rights […]
Jeff Bezos believes that space-based data centers will be developed within the next 10 to 20 years.
Bezos Discusses Future of Space-Based Data Centers Jeff Bezos, the founder and executive chairman of Amazon, announced that Gigawatt-scale data centers will be established in space within the next 10 to 20 years. He believes these facilities will surpass Earth-based centers thanks to the availability of continuous solar energy. The demand for large-scale data centers, […]
Many Emerging Market Currencies Decline as Dollar Pauses Downtrend Due to Data Delays
(Bloomberg) – Most emerging market currencies saw a decline as the dollar ended a four-day losing streak, and traders were left navigating the void of economic data owing to the US government shutdown. There has been an uptick in inventory. The MSCI Inc. gauge for emerging market currencies closed Thursday with a negligible change of […]
Bitcoin surpasses $120K as on-chain data suggests a new BTC accumulation phase.
Key Takeaways Bitcoin is likely to surpass the $120,000 mark as it alleviates sales pressure from long-term holders. Short-term holders are absorbing losses, leading to a more stable market signal. Neutral long-term holder flows can potentially trigger a significant breakout. Bitcoin (BTC) has crossed the $120,000 threshold for the first time since mid-August, which indicates […]
What is the timing of Australian Trade Data and how might it impact AUD/USD?
Australia experienced a decrease in its trade surplus in August, landing at 1,825 million, revised down from 7,310 million to 6,500 million, as reported by the Australian Bureau of Statistics. In detail, exports from Australia dropped by 7.8% in August, a shift from the previous month’s increase of 2.5%, which was also revised down from […]
GBP/USD rises to a one-week peak as poor ADP data and a US government shutdown weaken the Dollar
GBP/USD is set to reach its highest weekly point since September 24th as the US dollar shows broad weakness. The latest ADP report indicates a decrease of 32,000 jobs in the private sector for September. The S&P Global Manufacturing PMI held steady at 52, while the ISM Manufacturing PMI edged up to 49.1, although it […]
AUD/USD falls slightly to close to 0.6600 after Australia’s data
The Australian dollar has seen a drop due to uncertainties, following a Bloomberg report suggesting that China’s mineral resources group has stopped purchasing from BHP. Australia’s AIG Industry Index moved up from 7.6 points to -13.2 in September. Recent employment data from the US has raised speculation about possible rate cuts from the Federal Reserve. […]
EUR/USD rises further as the US Dollar declines due to data and shutdown concerns.
The EUR/USD is set to continue its gains for the third consecutive year as the US dollar struggles. Weaker US consumer sentiment and potential government shutdown worries are weighing on the dollar. While job openings from the JOLTs report were unexpectedly high, this did not bolster the US dollar. The euro is currently strengthening against […]