Author: FX
BlackRock Investment Quality Municipal Trust declares $0.0395 dividend Source link
Share: USD/CHF fell to 0.9050, seeing 0.30% losses. The USD is losing interest due to the Fed dovish tone on Wednesday’s decision. Ahead of October’s Nonfarm Payrolls, the US reported weak labor market data. Indicators flash signals of further downside. In Thursday’s session, the USD/CHF saw red, mainly driven by a broad USD weakness following the Federal Reserve’s (Fed) and Jerome Powell’s remarks on Wednesday. In addition, soft labour market data is adding to the Greenback’s weakness. On Wednesday, Jerome Powell hinted that the bank has covered significant ground. He stated that for the next decision, tighter financial…
© Reuters. FILE PHOTO: A man reacts as Palestinians search for casualties a day after Israeli strikes on houses in Jabalia refugee camp in the northern Gaza Strip, November 1, 2023. REUTERS/Mohammed Al-Masri/File photo By Gabrielle Tétrault-Farber and Emma Farge GENEVA (Reuters) -United Nations experts called on Thursday for a humanitarian ceasefire in Gaza, saying time was running out for Palestinian people there who find themselves at “grave risk of genocide”. Nearly four weeks of Israeli bombardment against the Gaza Strip in retaliation for attacks by Hamas gunmen in southern Israel on Oct. 7 have killed more than 9,000 people,…
SP 500 & NAS100 PRICE FORECAST:SPX and NAS 100 Continue to Advance, Now Up 4.7% and 5.7% Since the Recent Lows.Market Participants Buoyed on Belief that the Central Bank Hiking Cycles are Over Which Could Keep US Equities Supported.Apple Earnings Are Due After Market Close Today as US Jobs Data Tomorrow Could Set the Tone for What Comes Next.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.Most Read: Oil Price Forecast: 100-Day MA Provides Support to WTI but Will it Last?US Indices are enjoying a stellar recovery this week with the SPX…
I don’t envy Kazuo Ueda.The Bank of Japan governor faces the task of unwinding the world’s most-aggressive policy of QE and ultra-easy rates in the world’s most-indebted country.He took a small step towards less-aggressive policy on Tuesday and that has helped to prop up the yen. Earlier today, Reuters reported that the BOJ will “look to exit the decade-long accommodative regime sometime next year” but it will be tough. The report cites interviews with six sources familiar with BOJ thinking.”Given uncertainty over the economic outlook, the BOJ probably wants to wait at least until spring next year in normalising policy,”…
Gold (XAU/USD) AnalysisGold’s Bullish Momentum Weighed Down by General Lift in SentimentThe FOMC statement and presser resulted in a reduced expectation that the Fed will hike rates in December – the final meeting for the year. Jerome Powell attempted to keep the door open for another rate hike after expressing that the majority of the committee foresee a greater probability of another rate hike before rate cuts appear on the horizon. Outperformance in US data poses upside risks to inflation, something the Fed has used to avoid any notion that interest rates are at their peak. This is because the…
Share: The Canadian Dollar weakened in October and was the third worst performing G10 currency across G10. Economists at MUFG Bank analyze Loonie’s outlook. USD/CAD is now overshooting fair value Based on our own short-term valuation model incorporating crude oil price and interest rate moves, USD/CAD is now overshooting fair value. This could well persist while the window for US Dollar strength persists but we now see limits to the scale of upside for USD/CAD from here and would expect declines to re-emerge, possibly before year-end. A broadening of the Hamas-Israel conflict could see crude oil prices rise…
EUR/USD ANALYSISEuro area economic situation stays weak but EUR bulls capitalize on US data.NFP and US ISM services PMI in focus tomorrow.EUR/USD stays within developing rising wedge.Elevate your trading skills and gain a competitive edge. Get your hands on the Euro 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 EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro pushed higher after disappointing Euro area data showed weak manufacturing PMI’s (see economic calendar below) continue to plague the region. The HCOB manufacturing PMI release slumped to 3-month lows…
Sidus Space awarded $10M ceiling contract to support commercial lunar transportation Source link
British Pound (GBP) Analysis and ChartsA mildly hawkish BoE helps underpin GBP/USDCable pushes back above 1.2200For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England (BoE) left the Bank Rate unchanged today at 5.25%, for the second meeting in a row. Six members of the MPC voted to keep rates unchanged, while three members voted for a 25 basis point increase. The central bank expects to keep interest rates sufficiently restrictive to bring inflation down to target and will raise interest rates again if it is…