Author: FX
5/5 © Reuters. An Israeli flag flutters from a self-propelled howitzer near Israel’s border with the Gaza Strip, in southern Israel, October 22, 2023. REUTERS/Violeta Santos Moura 2/5 By Nidal al-Mughrabi and Dan Williams GAZA/JERUSALEM (Reuters) -Israel bombarded Gaza with more air strikes on Monday as its soldiers fought Hamas militants on the ground in raids within the besieged Palestinian enclave. In signs that the conflict was spreading, Israeli aircraft also struck southern Lebanon overnight and Israeli troops fought Palestinians in the occupied West Bank, residents said. The United Nations said desperate civilians were running out of food, water and…
Asian markets sold off after a weaker close on Wall Street on Friday. Mainland China bourses underperformed as investors remain dissatisfied with official support measures and the lack of further rate cuts. Futures are under pressure across Europe and the US, amid signs that war jitters are easing as investors watch diplomatic efforts to contain the Israel-Hamas conflict. The 10-year Treasury yield has backed up 5.1 bp to 4.97%, the German 10-year rate is up 2.9 bp and the 10-year JGB yield jumped 2.6 bp. Oil and gold declined this morning driven by concerns regarding…
Domestic sight deposits CHF 469.7 bn vs CHF 474.9 bn priorSwiss sight deposits are stabilising somewhat with some up and down fluctuations in recent weeks. That perhaps is a sign that the SNB isn’t tweaking things behind the scenes any more as they have opted to move to the sidelines with regards to monetary policy. Source link
EUR/CHF looks ready to turn lower from a short-term inflection point! Like last Monday, a lack of fresh catalysts have inspired some kind of pullback away from safe havens like gold, USD, JPY, and CHF. EUR/CHF, in particular, managed to extend an upswing that started last Friday. What makes the pair more interesting today is that it’s currently trading near today’s Pivot Point level. As you can see, the area coincides with last week’s support and today’s 100 SMA and trend line resistance zones. EUR/CHF 1-hour Forex Chart by TradingView Will EUR/CHF attract enough bearish pressure to get rejected from…
Share: Here is what you need to know on Monday, October 23: Financial markets remain relatively calm to on Monday as investors stay on the sidelines ahead of this week’s key macroeconomic data releases. Later in the session, Germany’s Bundesbank will publish its monthly report and the European Commission will release the preliminary Consumer Confidence data for October. The Federal Reserve Bank of Chicago’s National Activity Index will be featured in the US docket in the American session. US Dollar price today The table below shows the percentage change of US Dollar (USD) against listed major currencies today.…
Traders are in for a busy week with TWO central bank decisions, global PMI data, and Uncle Sam’s initial Q3 GDP reading. And that’s before we consider geopolitical updates from the Middle East and closely watched earnings reports from the U.S.! Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: U.K. jobs data Last week’s wage growth and consumer price reports have only marginally eased the pressure on the Bank of England (BOE) to keep…
© Reuters. Unilever (LON:) Nigeria Plc has reported a significant 26% increase in turnover for the first three quarters of 2023, reaching N81.6 billion. This marks a substantial rise from N64.8 billion recorded during the same period in 2022. The gross profit also saw an increase, climbing 13% to N19.4 billion in the said period. The company’s interim report for Q1-Q3 2023 reveals a notable financial recovery, as it managed to turn around a loss of N0.3 billion in 2022 into a profit of N1.7 billion from continuing operations this year. This is in line with the InvestingPro Tip indicating…
Microsoft Corp., an American multinational technology conglomerate currently ranked the second largest company (after Apple Inc.) by market capitalization ($2.452T), which actively engages in the development and support of software, services, devices and solutions, shall report its financial results for FY24 Q1 on 24th October (Tuesday), after market close. Microsoft’s Revenue Segment (in billion USD). Source: Statista Microsoft derives its revenues from three main segments. The first segment is the Productivity and Business Processes segment, which includes products and services such as Office Commercial, Office Consumer, LinkedIn and Dynamic Business Solutions. The second segment is the Intelligent Cloud segment, including…
I posted earlier on the woes at FoxConn:Says Bloomberg:Chinese authorities are again shaking the confidence of foreign firms with a series of arrests and an investigation into FoxconnBut its not really about FoxConn, or any individual firm, the Chinese Communist Party seems to be at war with enterprise. From way back in 2021, billionaire trader George Soros:The president recently launched his “Common Prosperity” program, which is a fundamental change in direction. It seeks to reduce inequality by distributing the wealth of the rich to the general population. That does not augur well for foreign investors. Pouring billions of dollars into…
Share: According to Chinese state media, the situation in Gaza is “very serious,” with the possibility of a large-scale ground conflict rising and the outlook “worrisome” as armed conflicts along neighboring borders spread, citing the country’s Middle East special envoy.The envoy Zhai Jun said China has supplied and would continue to offer emergency humanitarian assistance to Palestinians via the UN and bilateral channels in order to help alleviate the humanitarian crisis. Market reaction Following the above headline, the US dollar Index (DXY) is up 0.06% on the day at 106.22 Source link