Latest Financial News

The "low hiring, low layoffs" strategy faces another test: What is the Federal Reserve waiting for on non-farm payroll night?

The U.S. October non-farm payrolls report was released on Friday. Economists expect approximately 59,000 new jobs to be added, more than double the 29,000 added in September, with the unemployment rate expected to remain at 4.2%. Continuing jobless claims data suggests layoffs are still under control, but reduced retirements and immigration are shrinking the labor force pool. An average of 68,000 hires is expected to stabilize the unemployment rate. Hourly wages are projected to rise by about 2.9% year-on-year, below the 3.7% inflation rate, indicating that real income is still shrinking.

2026-11-06 14:56:51

2026-11-06 14:34:26

2026-11-06 14:16:27

Trump's threat to "destroy Iran" fueled safe-haven buying of the dollar.

The US dollar index continued its rebound in Asian trading on Friday, reaching around 101.80, further recovering from its late September lows, but still maintaining a modest decline for the week. A sharp overnight rebound in oil prices reignited inflation concerns, with the probability of a December rate hike at around 70%, pushing US Treasury yields back from their post-election decline. Trump's statement that the US might have to destroy the rest of Iran further fueled geopolitical uncertainty, supporting the safe-haven dollar. The non-farm payroll data will be the next key test.

2026-11-06 14:01:27

The US dollar index rebounded from its lows, but this does not change its downward trend; it awaits the release of the non-farm payroll data.

On Friday in Asian trading, the US dollar index rebounded from its late September low, rising to around 101.80, but still recorded a slight weekly decline. A rebound in oil prices fueled inflation concerns, with the market maintaining a roughly 70% pricing in a December rate hike by the Federal Reserve. A recovery in US Treasury yields from mid-week lows provided support for the dollar. Geopolitical risks in the Middle East provided safe-haven demand, but calls from Democrats to end the conflict with Iran meant the bulls needed confirmation of sustainability. The market awaited guidance from the non-farm payroll report.

2026-11-06 13:52:34

Ahead of the non-farm payrolls report, the USD/JPY pair rebounded slightly from its weekly low, maintaining a range-bound trading pattern.

On Friday in Asian trading, the USD/JPY pair saw a modest recovery from its weekly low of 157.25, rising to around 158 and ending a two-day losing streak. The market adjusted positions ahead of the crucial non-farm payrolls report, but the upside was limited. The Bank of Japan's September meeting minutes strengthened expectations of a December rate hike, supporting the yen; the US midterm election results lowered the Fed's rate hike pricing, leading to a decline in US Treasury yields. Bulls should avoid aggressive betting, and the market awaits clear guidance from the non-farm payrolls data.

2026-11-06 13:48:31

Veteran investment manager's strategy: liquidate tech stocks, increase holdings in short-term bonds, hold only physical gold and reduce holdings in mining companies.

Veteran investment manager Ted Oakley sold off tech giants like Google and Microsoft before the tech stock crash, warning that AI funding would drag down profits. He maintains a long-term holding of physical gold but reduced his holdings in gold mining stocks and liquidated his silver positions. He anticipates an economic downturn in 2027, realizing some profits in energy and commodities, and shifting funds to 3- to 5-year US Treasury bonds, emphasizing principal protection and warning retirees of the risks of excessively high equity positions.

2026-11-06 12:28:26

Crude oil trading alert: International oil prices continue their rebound, but a significant drop of approximately 10% is still expected on the weekly chart.

International oil prices continued their rebound on Friday, but are still expected to fall by about 10% this week. Following the Democratic Party's sweep of the midterm elections, the market anticipated a de-escalation in the Iranian situation, causing oil prices to drop 8% on Wednesday. However, the near-record frequency of attacks on oil tankers in the Persian Gulf and the Strait of Hormuz (35 ships attacked in October) reignited supply risks and supported oil prices. Iran submitted a nuclear proposal but insisted that the US first meet seven conditions, indicating that a diplomatic breakthrough remains a long way off.

2026-11-06 11:22:28

Support from the mining sector is mixed, and off-season demand is hindering the rebound of non-ferrous metals: Summary of views on non-ferrous metals on November 6th.

[Non-ferrous metals] A summary chart of futures companies' views on November 6th.

2026-11-06 10:53:27

World Bank Commodity Report: Gold and silver prices will gradually decline, but are unlikely to return to historical lows.

The World Bank's October commodities report predicts that after a surge in gold and silver prices in 2026, prices will gradually correct in the next two years, but will still remain at historically high levels. Gold is more resilient, supported by central bank purchases and investment demand; silver, however, faces greater downward pressure due to negative factors in the industrial sector, such as substitution in photovoltaic materials. The report acknowledges both bullish and bearish risks, with Federal Reserve policy and geopolitical situations being key variables. Commodities as a whole also face inflationary disturbances from geopolitical and climate factors.

2026-11-06 10:47:27

With the probability of a December rate hike dropping to 70%, how far can the gold rebound go?

Following the Democratic Party's sweep of the midterm elections, oil prices plummeted due to expectations of an end to the war, and investors reduced their bets on interest rate hikes, lowering the probability of a December rate hike to around 70%, though this still implies a rate hike is the baseline scenario. Analysts point out that gold has regained its footing above $4,000 and is beginning to respond more positively to a favorable macroeconomic backdrop, but further gains require a cooling of rate hike expectations and a recovery in investment demand.

2026-11-06 10:45:29

A chart showing support and resistance levels for 18 major forex pairs: USD + EUR/JPY + Commodity Currencies + Emerging Market Currencies (November 6, 2026)

A chart showing support and resistance levels for major currency pairs: USD + EUR/JPY + Commodity Currencies + Emerging Market Currencies, updated Wednesday, November 6, 2026 at 10:00 AM. Specifically, it includes 18 major currency pairs such as USD/EUR/JPY/GBP/CHF/AUD/NZD/CAD + CNY/HKD/RUB/RANT/CHK. For more details, please see the chart specially created by FX678.

2026-11-06 10:32:28

A chart showing support and resistance levels for commodities: Gold, Silver, Oil & Gas, Platinum, Palladium, Copper, and Agricultural Commodities Futures (November 6, 2026)

A chart showing support and resistance levels for commodities: Gold, Silver, Oil & Gas, Platinum, Palladium, Copper, and Agricultural Commodities Futures, updated on Friday, November 6, 2026 at 10:00 AM. It covers 14 commodities including Gold, Silver, Platinum, Palladium, Copper, Crude Oil, Natural Gas, Fuel Oil, Wheat, Corn, and Cotton. For more details, please see the chart specially created by FX678.

2026-11-06 10:29:27

Federal Reserve official: Inflation risks remain high, the Fed needs to continue raising interest rates.

Richmond Federal Reserve President Thomas Barkin stated that with high inflation and low unemployment, the Fed still needs to raise interest rates further, and he prefers a gradual approach. He believes current policy is too loose, with inflation being the primary risk. He noted that AI will push up prices in the short term but benefit production in the long term. He also cautioned against large-scale bond issuances by major cloud service providers, as the risks are mainly hidden in the financing intermediary环节. The market is betting on an over 80% probability of a December rate hike.

2026-11-06 10:16:27

US October Non-Farm Payrolls Preview: Job Gains May Shrink Significantly, Job Market Shows Signs of Polarization

The market expects the US to add only 59,000 non-farm jobs in October, continuing its sluggish trend. Supported by a contraction in labor supply, the unemployment rate is expected to remain at a low of 4.2%. An aging population, low birth rate, and declining immigration are causing a shrinking labor pool. The current job market is polarized: layoffs are few, and voluntary resignations are recovering, but long-term unemployment is worsening, job turnover is stagnant, and it is becoming increasingly difficult for the unemployed to find new jobs. The non-farm payroll data will provide a reference for the Federal Reserve's policy.

2026-11-06 09:52:27

The pound's six-day winning streak has ended: Is it a case of all the good news being priced in, or a trend reversal?

The Bank of England raised interest rates to 4% on Thursday as expected, halting the pound's six-day winning streak above 1.3500 and causing it to fall back to around 1.3455. All nine committee members voted in favor of the rate hike, but Governor Bailey stated that it should not be seen as the start of a series of rate hikes, dampening expectations for further increases. The dollar recovered some lost ground, initial jobless claims fell to 189,000, lower than expected, and the probability of a Fed rate hike in December is about 70%, with the 4% bank interest rate remaining at the upper limit of the Fed's target range.

2026-11-06 08:32:28

Instrument	Current Price	Change
XAU	4044.40	-44.40 (-1.09%)
XAG	51.406	-0.379 (-0.73%)
CONC	91.35	0.83 (0.92%)
OILC	99.42	0.29 (0.29%)
USD	101.890	0.297 (0.29%)
EURUSD	1.1182	-0.0036 (-0.32%)
GBPUSD	1.3408	-0.0040 (-0.30%)
USDCNH	6.6661	0.0015 (0.02%)

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