Author: FX

ollo/E+ via Getty Images The far-right Alternative for Germany party on Sunday was on its way to achieving its first electoral victory in a state election. Its projected victory in the state of Thuringia coincided with a likely second-place finish to mainstream conservatives in the state of Saxony, according to forecasts based on early results. A new extreme left party, the Sahra Wagenknecht Alliance, or BSW, was running third in both state elections. Neither of the extremist parties is expected to have enough votes to run the state governments without negotiations to form coalitions with other parties, media reports indicated.…

The far-right Alternative for Germany (AfD) party looks set to win in a regional election, according to exit polls. AfD is projected to secure 33.5% of the vote in the Thuringia state parliamentary electionsahead of the conservative Christian Democrats (CDU), who are expected to get 24.5%. In Saxony, another region holding elections, the AfD and CDU are in a too-close-to-call race.—In early trade EUR/USD is little changed from late Friday, around 1.1048. These are regional elections only so EUR impact will be limited. But, they won’t be ignored. Especially after the strong showing of the far-right in the French elections.…

This week our currency strategists focused on inflation and GDP data, specifically from Australia and the U.S. for potential high quality setups. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like…

Kenneth Cheung Hedge fund billionaire Bill Ackman is among the latest critics of a court order to suspend Elon Musk’s social-media platform X in Brazil. The ruling likely will drive away investors and harm the country, he said in an online post. Supreme Court Justice Alexandre de Moraes on Friday ordered internet service providers in Brazil to prevent people from gaining access to X. The order was in response to X’s refusal to name a legal representative in the country to handle requests to remove accounts that allegedly spread political misinformation. The judge also ordered banks to freeze funds held…

By David Lawder and Katharine Jackson WASHINGTON (Reuters) – Several U.S. Democratic lawmakers renewed calls for an Israeli-Hamas ceasefire on Sunday in reaction to the killing of six hostages in a tunnel under Gaza, while Republicans criticized President Joe Biden and Vice President Kamala Harris for not giving stronger support to Israel. Israel recovered the bodies of six hostages from a tunnel in Gaza where they were apparently killed shortly before its troops reached them, triggering Israeli protests on Sunday and planned strikes over the failure to save them.  The military said the bodies of Hersh Goldberg-Polin, who is an…

alexandrumagurean/E+ via Getty Images GE Aerospace (NYSE:GE) agreed to acquire Satavia, a U.K. startup whose technology worked to lessen the warming effect of jet exhaust emissions, Sky News reported, citing people familiar with the matter. Satavia, founded in 2013, originally worked to protect aircraft engines from harmful substances such as dust, ice and volcanic ash. Its software subscription service and carbon credits business aims to have 25 airlines as customers before the end of the decade. Etihad Airways is among Satavia’s commercial partners, Sky News reported. Campden Hill Capital, a venture capital firm and investment adviser of a family office,…

JERUSALEM (Reuters) -Israeli opposition leader Yair Lapid called on Sunday for a strike to shut down the economy in order to pressure the government to reach a deal to release the remaining hostages in the Gaza Strip. Lapid, who is also a former prime minister, called on every Israeli “whose heart was broken this morning” to join a major protest in Tel Aviv later in the day. He also called on Israel’s main labor union, businesses and municipalities to go on strike. His remarks came after Israel recovered the bodies of six more hostages from captivity in Gaza. The powerful…

UPCOMING EVENTS:Monday: US/Canada Holiday, China Caixin Manufacturing PMI, Swiss Manufacturing PMI.Tuesday: Swiss CPI, Swiss Q2 GDP, Canada Manufacturing PMI, US ISM Manufacturing PMI.Wednesday: Australia Q2 GDP, China Caixin Services PMI, Eurozone PPI, BoC Policy Decision, US Job Openings, Fed Beige Book.Thursday: Japan Average Cash Earnings, Swiss Unemployment Rate, Eurozone Retail Sales, US ADP, US Jobless Claims, Canada Services PMI, US ISM Services PMI.Friday: Canada Labour Market report, US NFP.TuesdayThe Switzerland CPI Y/Y is expected at 1.2% vs. 1.3% prior, while the M/M measure is seen at 0.1% vs. -0.2% prior. The market is expecting the SNB to deliver 52 bps…

By Nidal al-Mughrabi CAIRO (Reuters) – The United Nations, in collaboration with Palestinian health authorities, began to vaccinate 640,000 children in the Gaza Strip on Sunday, with Israel and Hamas agreeing to brief pauses in their 11-month war to allow the campaign to go ahead. The World Health Organisation (WHO) confirmed last month that a baby was partially paralysed by the type 2 polio virus, the first such case in the territory in 25 years. The campaign began on Sunday in areas of central Gaza, and will move to other areas in coming days. Fighting will pause for at least…

(Reuters) – Five drones launched by Ukraine overnight were destroyed in Russia’s Tver region just northwest of the Moscow region, the regional governor said on Sunday. “According to preliminary information, there were no injuries” in the area of the Konakovo town, said Governor Igor Rudenya, according to the Telegram messaging app channel of the Tver region’s administration. “Emergency services are on the scene.” Rudenya did not provide further details. Several Russian Telegram channels, including the SHOT Telegram, reported that loud blasts near the Konakovo Power Station, one of the largest energy producers in central Russia. Reuters could not independently verify…