Author: FX

By Sakura Murakami, John Geddie and Tim Kelly TOKYO (Reuters) -Japan’s ruling coalition lost its parliamentary majority in a drubbing at Sunday’s national election, raising uncertainty over the make-up of the next government and the outlook for the world’s fourth-largest economy. With all but 20 of the 465 seats accounted for, Prime Minister Shigeru Ishiba’s Liberal Democratic Party (LDP), which has ruled Japan for almost all of its post-war history, and junior coalition partner Komeito took 209 seats in the lower house of parliament, public broadcaster NHK reported. That was down from the 279 seats they held previously and marked…

This week our currency strategists focused on the Bank of Canada interest rate statement and the Euro Area PMI survey updates for potential high-quality setups. Out of the eight 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…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

wdstock Douglas Elliman’s (NYSE:DOUG) board forced CEO Howard Lorber to resign last week amid concerns about a sexually charged work environment, The Wall Street Journal reported Sunday, citing people familiar with the situation. According to the report, the issues were raised Source link

By Lucinda Elliott MONTEVIDEO/TREINTA Y TRES (Reuters) -Voters in Uruguay, known for its beaches, legalized marijuana and stability, went to the polls on Sunday in an election race between moderates that contrasted with the polarized politics in many other Latin American countries. The nation of 3.4 million was voting for its next president and lawmakers, with pollsters predicting a run-off will likely be needed in November. The country will also decide on a referendum on pension reform that would lower the retirement age by five years to 60 and another that would boost police powers to fight drug-related crime. But…

U.Today – In anticipation of the potential next major breakout is steadily rising toward the $72,000 mark. After successfully breaking through the upper limit of its prior declining channel Bitcoin has maintained its position above this level, which is encouraging and may signal additional upward momentum. By holding support above the upper limit of the long-standing descending price channel that characterized a large portion of its recent movement Bitcoin has demonstrated its resilience in the current price action. This move above earlier resistance might now serve as a level of support possibly creating the framework for an ongoing upward trend.…

Weeks of speculating about how Israel would respond to Iran’s attacks had markets worried about strikes on energy infrastructure or something that would spark a broader war.Instead, the attacks look to be measured and US President Biden immediately called for a halt to escalation.Reports from Iran say the attacks caused only limited damage and Supreme Leader Ayatollah Ali Khamenei didn’t sound eager for a further fight, though the comments certainly didn’t rule it out.”The evil committed by the Zionist regime (Israel) two nights ago should neither be downplayed nor exaggerated”, IRNA cited Khamenei as saying.The Iranian Foreign Ministry said Iran…

(This Oct. 26 story has been corrected to show Leonardo Maria Del Vecchio is being investigated and is not under house arrest and deletes sentence with allegation details in paragraphs 1 and 5) By Emilio Parodi MILAN (Reuters) – Italian police have placed four people under house arrest as part of a probe into alleged illegal access to state databases, and are investigating dozens, including Leonardo Maria Del Vecchio, son of the late billionaire founder of Luxottica, a source said on Saturday. A lawyer for Leonardo Maria Del Vecchio said he was “eagerly awaiting the completion of preliminary investigations to…

UPCOMING EVENTS:Tuesday: Japan Unemployment Rate, US Job Openings, US Consumer Confidence.Wednesday: UK Budget, Australia Q3 CPI, Germany CPI, Eurozone Q3 GDP, US ADP, US Q3 GDP.Thursday: Japan Industrial Production and Retail Sales, Australia Retail Sales, China PMIs, BoJ Policy Decision, Switzerland Retail Sales, French CPI, Eurozone Flash CPI, Eurozone Unemployment Rate, Canada GDP, US PCE, US Jobless Claims, US ECI.Friday: Australia PPI, China Caixin Manufacturing PMI, Switzerland CPI, Switzerland Manufacturing PMI, US NFP, Canada Manufacturing PMI, US ISM Manufacturing PM.TuesdayThe US Job Openings is expected at 7.990M vs. 8.040M prior. The last report surprised to the upside with the quits…

By Jonathan Landay WASHINGTON (Reuters) -An American researcher said an Israeli airstrike on Saturday hit a building that was part of Iran’s defunct nuclear weapons development program, and he and another researcher said facilities used to mix solid fuel for missiles also were struck. The assessments based on commercial satellite imagery were reached separately by David Albright, a former U.N. weapons inspector, and Decker Eveleth, an associate research analyst at CNA, a Washington think tank. They told Reuters that Israel struck buildings in Parchin, a massive military complex near Tehran. Israel also hit Khojir, according to Eveleth, a sprawling missile…