How AI prompting turned writerly description into an everyday skill 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Today’s space race could turn fatal if we don’t agree on new rules 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
AI Memory Boom Sparks Global Chip Supply Crunch 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
How Donald Trump has changed the way diplomacy is done 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
Market participants have a new favorite phrase from FOMC last Wednesday.
FOMC in its latest statement mentioned that the participants are waiting for "some further improvement" in the labor market.
Market participants are reading this as FED is ready to hike rates and US labor market will just need to post some improvement so the action can be taken. No major ground breaking improvement is not necessary for the first rate hike.
Today's price action reveals that inflation is not of any concern as of now, focus is totally on labor market.
Naturally volatility reached that high, when US labor market in today's indicator (employment cost index) failed to provide "some further improvement".
Going ahead, expect higher volatility in labor market indicators and any improvement would be dollar supportive.
FXCM dollar index bounced back from key support area, however still remains fragile enough.
