USDJPY nearing the 2nd ending diagonal completion...it's tired by the way, a lot of divergencies...target at least 152,600 and probably lower towards 100% Fibonacci extension in near future. #BoJintervention#fx#usdjpy
After many years
I understood that
Trading is not about what you know
🔻 🔻 🔻
It is mostly about how you behave
And "Behaviour" is 𝐇𝐀𝐑𝐃 to teach
Even to brilliant people...
SENIOR IRANIAN DIPLOMAT: IF THE U.S. FULFILLS ITS COMMITMENTS IN POTENTIAL MOU, THE NUCLEAR ISSUE AND HIGHLY ENRICHED URANIUM RESERVES WILL BE DISCUSSED IN 60 DAY NEGOTIATIONS IN EXCHANGE FOR THE LIFTING OF SANCTION AND UNFREEZING OF ASSETS
GOLDMAN SACHS: U.S. LIKELY LOST 50,000 JOBS IN OCTOBER
Goldman Sachs estimates U.S. nonfarm payrolls fell by about 50,000 in October—the largest drop since 2020. Its job-growth tracker slowed to 50,000 from 85,000 in September, with an additional 100,000 jobs cut due to the Trump administration’s deferred-resignation program. The bank noted rising layoffs and weaker labor market indicators. Payroll reports for September and October remain delayed by the government shutdown.
DOLLAR OVERVALUED BUT COULD DROP: BANK OF AMERICA
The dollar remains slightly overvalued after easing this year but could become undervalued next year, Bank of America analysts say. Overvaluation has persisted for about a decade, though this year it moved closer to fair value due to factors like German fiscal stimulus, trade tensions, and risks to U.S. institutions. Further erosion of U.S. institutional strength could push the dollar below fair value. BofA expects the euro to rise to $1.20–$1.25 next year from $1.1651.
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