Trump, Canada Reach Gordie Howe Bridge Deal Ahead of July 27 Opening 
US Back-to-School Spending Seen Falling as Families Focus on Essentials 
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
Deutsche Bank Sees Global Capital Shifts Reshaping Long-Term U.S. Dollar Outlook 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion 
US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise 
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets 
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious 
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
In October 2024, Australia saw a small increase in jobs, adding 15,900 new positions. This brought the total number of people working to about 14.54 million. However, this growth is much slower than in previous months; for example, September gained 61,300 jobs, and August added 45,800 jobs.
The unemployment rate in Australia stayed at 4.1%, the same as in earlier months. However, the participation rate, which measures how many people are either working or looking for work, went down slightly from 67.2% to 67.1%. This suggests that while some more people found jobs, the number of people entering the job market didn't keep up.
Economists have noticed this slowing job growth and are concerned. The Reserve Bank of Australia (RBA) predicts that the unemployment rate might rise to 4.3% by the end of the year due to this trend. Additionally, there was a drop in wage growth, which fell to an annual rate of 3.5% in the September quarter, down from 4.1% earlier in the year.
Overall, while there are more people employed, the rate of job growth is slowing, indicating potential difficulties ahead for Australia’s job market as it adapts to changes in the economy.
Major levels to watch
Resistance- 0.6525
Support-0.64630
