1. Is The Dollar About To Peak On Today’s US Non Farm Payrolls?
The US jobs report for September due today at 12:30 GMT is undoubtedly this week’s data highlight. The figure shows a change in the number of people employed during the previous month, excluding the farming industry. According to forecasts, the US economy added 185k positions in September, below August’s 201k but nevertheless a healthy reading. It is important to note that the dollar’s rally took a pause on Friday as investors awaited the U.S. jobs data. The question now is whether today’s reading will be stronger or weaker than expected. Considering the ADP Non-farm payroll, today’s reading is likely to upbeat the forecast figure of 185K and can support the dollar!*
2. Tesla Tumbles After Musk Mocks SEC In Tweet
The share price of Tesla Inc. plunged on Thursday to close 4.4% lower after Chief Executive Officer Elon Musk mocked the U.S. Securities and Exchange Commission on Twitter. “Just want to say that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!,” Musk said in one tweet, referring to the SEC. It is important to note that Tesla agreed to pay $20 million each in a settlement with the SEC over a lawsuit that alleged that Musk violated anti-fraud provisions of federal securities laws when he posted on Twitter Aug. 7 that he had funding secured to take Tesla private at $420 per share.**
3. TRON Price Gains 4% While Other Cryptos Struggle for Traction
TRON has been on a steady upward trend since late September and is not showing any signs of a slowdown. The popular altcoin has gained over 4% in value during early morning trading on Friday, which pushed its USD value over the $0.0229 mark once again. That is a rather positive sign for speculators and long-term holders. The current wave of news and developments around TRON paints an interesting future. One of the more recent developments comes in the form of TRON’s role in the world of blockchain games. Magic Academy is the first of its kind to run on the TRON blockchain, which will attract a fair bit of attention.***
You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.
*Source: Investing Oct 04, 2018 09:46 AM ET
**Source: Siliconangle Oct 05, 2018 00:00 EST
***Source: Cryptomode Oct 4, 2018 4:51 AM