Author: FX
Share: Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes, the AUD outlook. Inverted curve Down Under What remains frustrating is the knowledge that the Australian government has vastly more fiscal room for manoeuvre than others, and the right strategy would be modest rate cuts and easier fiscal policy. That would send the AUD significantly higher but, sadly, is unlikely. Still, with stronger growth than the US next year (and stickier inflation) the RBA is likely to cut rates significantly more slowly than the Fed, and more slowly than is currently priced into the forward curve. That…
Headlines:Markets:CHF leads on the dayEuropean equities little changed; S&P 500 futures down 0.1%US 10-year yields down 3 bps to 3.861%Gold up 0.5% to $2,055.53WTI crude up 1.0% to $74.62Bitcoin down 0.7% to $43,720Things are truly winding down in financial markets now as we approach the Christmas weekend.Major currencies were subdued for the most part, with the dollar keeping lightly changed overall but set to end the week lower once again. USD/CHF did ease to its lowest level since 2015 as the pair looks to break the July lows of 0.8550-55.Besides that, there wasn’t much action even with a strong beat…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40 Analysis and ChartsFTSE 100 slips as festive season approachesAfter four consecutive days of gains, the FTSE 100 is heading back down again on profit-taking ahead of the Christmas holiday. The fall is happening despite UK retail sales unexpectedly rising 1.3% in November compared to October, probably because the final reading of Q3 is showing that the UK economy is on the brink of recession.A slip through Thursday’s low at 7,654 would engage the 10 August high and November-to-December uptrend line at 7,624 to 7,604.Were Friday’s intraday high to be…
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© Reuters. FILE PHOTO: Construction sites are photographed in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach/File Photo By Tom Sims and Rene Wagner FRANKFURT (Reuters) -Residential property prices in Germany continued their fall, dropping 10.2% in the third quarter from a year earlier, a further grim sign for the nation’s real-estate sector, data on Friday showed. It was the fourth consecutive quarter of declines and the biggest since Germany’s statistics office began keeping records in the year 2000. The drop comes amid the biggest property crisis in decades in Germany, Europe’s largest economy. “Until 2022, there was a speculative price…
Prior +0.2%The UK economy marginally contracted in Q3 and that takes away some of the shine off the stronger retail sales report here. It’s no biggie but it does reaffirm that economic conditions are rather fragile, especially if this starts to spill over to the labour market. This article was written by Justin Low at www.forexlive.com. Source link
U.S. DOLLAR TALKING POINTS & ANALYSISUS GDP leaves greenback shaky.Core PCE in focus later today and could dictate terms for the rest of 2023.DXY bulls seek out upside reversal.Elevate your trading skills and gain a competitive edge. Get your hands on the U.S. dollar Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free USD Forecast DOLLAR INDEX FUNDAMENTAL BACKDROPThe US dollar attempts to stop yesterday’s bleeding after US GDP missed expectations alongside a decline in core PCE prices. The stubborn jobless claims data was not…
Share: Indian Rupee edges lower despite the USD weakness. Upbeat Indian growth prospects and substantial foreign investor equity inflows might cap the INR’s downside. The release of the US Core Personal Consumption Expenditure Price Index (Core PCE) will be the highlight on Friday. Indian Rupee (INR) drifts lower despite the softer US Dollar (USD) and the weaker-than-expected US GDP growth numbers. Nonetheless, India’s upbeat growth prospects and strong equity inflows from foreign investors might lift the INR in the near term. According to the International Monetary Fund (IMF), India is estimated to contribute more than 16% of global…
metamorworks/iStock via Getty Images Ansys Inc. (NASDAQ:ANSS), an engineering software firm, is reviewing its options amid takeover interest. The company is working with advisers to evaluate the interest, according to a Bloomberg report on Thursday, which cited people familiar with the matter. No final decision has been made and Ansys (ANSS) made decide to remain as a standalone company. “M&A rumors are not uncommon in our industry, and it’s our longstanding policy not to comment on them,” a spokesperson for Ansys said in an emailed statement to Bloomberg. Ansys (ANSS) has a market cap of about $26 billion. The company’s…
© Reuters. Passersby walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/file photo By Tom Westbrook SINGAPORE (Reuters) – Asian stocks were poised to eke out gains for the final full trading week of the year on Friday, while the dollar eyed a loss as investors look to 2024 as a year of steep U.S. rate cuts. MSCI’s broadest index of Asia-Pacific shares outside Japan went up 0.3% in early trade. For the week the index is very marginally higher. Banking shares helped…