Gold Gains Support From Weak Labor Data, Fed Pivot Expectations, And Global Market Tensions
Gold climbs on weak U.S. jobs data, Fed rate-cut bets, and global tensions. Falling yields, Dollar pressure, and a bullish breakout within an ascending channel point to $4,000–$4,100 as the next target.
Macro Briefing - Tuesday, Sep. 9
China exports to the U.S. fell sharply in August, dropping 33%. China’s overall exports continued growing last month, but the year-over-year increase eased to 4.4%.
Stocks Struggling For Direction After More Grim Jobs Data
Major indexes are struggling for direction this afternoon, with the S&P 500 Index flat, the Nasdaq Composite pulling back modestly from Monday's records.
USD/JPY Reverses From Four-week Low As Us Jobs Revision Lifts Greenback
The Japanese Yen (JPY) trims gains against the US Dollar (USD) on Tuesday, with USD/JPY climbing back above the 147.00 psychological mark after briefly hitting its lowest level since August 14, around 146.31.
Apple Stock In The Red Ahead Of ‘Awe Dropping’ Event: What Analysts Expect
Apple Inc. shares traded lower in early trading on Tuesday, with the AAPL stock down about 0.5% to around $236 ahead of the company’s “Awe Dropping” Fall hardware launch event.