Author: FX
Xi JinpingThe Fed is in the blackout period until after the FOMC decision and the US economic calendar is light today, featuring only wholesale inventories and employment trends.That will give the market a chance to catch its breath after a hectic week to start the month. It’s also a chance to look abroad and digest the woes in China. Iron ore prices hit the lowest since 2022 today in a solid proxy for Chinese demand.We also got Chinese CPI and PPI and both were below expectations at +0.6% y/y and -1.8% y/y, respectively. Those raw numbers tell you all you…
The Mexican Peso recovers after finding a floor. The Peso gains support from the outlook for Mexico’s monetary policy amid still high inflation. USD/MXN steadily rises in a mildly bullish channel. The Mexican Peso (MXN) is recovering on Monday after a week in which it lost between 1.3% and 1.6% in its most traded pairs, extending the downtrend – albeit at a slower pace – established since the April 2024 highs. The Peso is gaining as still-high inflation in Mexico suggests monetary policy could remain tight and interest rates elevated. This is supportive of the Peso as it attracts greater inflows…
RoboMarkets group is announcing strategic changes to its European business model, which are planned to be implemented by the end of 2024.In a press release, the group stated: “Given the conditions of the European market, we have decided to focus our European operations and expertise on serving primarily stock investors and traders.”As part of this shift, the Frankfurt-based and BaFin-regulated entity, RoboMarkets Deutschland GmbH, will become the centre for serving European retail clients, concentrating exclusively on stocks, bonds, and ETFs. The Cyprus-based and CySEC-regulated RoboMarkets Ltd will transition to an institutional broker, no longer serving retail clients from early 2025.…
Gold prices remained broadly unchanged in Philippines on Monday, according to data compiled by FXStreet. The price for Gold stood at 4,522.92 Philippine Pesos (PHP) per gram, broadly stable compared with the PHP 4,521.38 it cost on Friday. The price for Gold was broadly steady at PHP 52,754.48 per tola from PHP 52,736.53 per tola on friday. Unit measure Gold Price in PHP 1 Gram 4,522.92 10 Grams 45,229.23 Tola 52,754.48 Troy Ounce 140,677.00 FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market…
Guppy was in a steep selloff mode last week, but are we about to get a correction soon? Here are the nearby inflection points I’m keeping tabs on. Source link
Can this week’s U.K. jobs reports extend GBP/AUD’s September uptrend? We’re looking at a potential break-and-retest scenario ahead of this week’s market movers. Check out our 1-hour setup! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
da-kuk Chinese consumer price index inflation picked up in August, although a mild increase from the July inflation figure, while producer price index inflation shrank at the fastest pace in 4 months. China’s consumer price index, a main gauge of inflation, grew 0.6% on an annualized basis, data from the National Bureau of Statistics showed on Monday, beating expectations of 0.6% and a tick higher than 0.5% in the prior month. On a monthly basis, inflation came in at 0.4%, a modest miss from 0.5% consensus and 0.5% in the prior month. The annual inflation of 0.7% is the highest…
By Rae Wee SINGAPORE (Reuters) – The dollar held to tight ranges on Monday while the yen pared some of its safe-haven gains, as investors were undecided on the scale of a Federal Reserve rate cut expected later this month and looked to this week’s U.S. inflation reading for more clues. Friday’s highly anticipated U.S. jobs data failed to offer clarity to traders on the question of whether the Fed would deliver a regular 25-basis-point rate cut or an outsized 50 bp one at its policy meeting next week. While employment increased less than expected in August, the jobless rate…
Brace yourselves for another exciting trading week, forex fellas! We’ve got no less than top-tier U.S. inflation reports and a central bank decision, plus U.K. jobs data to boot. Read on to find out what market analysts are expecting from these catalysts. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The U.K. could be in for slightly stronger labor market numbers for August! So, which data points should you keep an eye on, and how might the British pound respond to this week’s release? We’ve got all the details you need if you’re trading the report! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link