Author: FX
MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct)TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIsWED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct)THU: ECB Announcement, CBRT Announcement, South Korean GDP Advanced (Q3), US GDP Advanced (Q3)FRI: CBR Announcement, Japanese Tokyo CPI (Oct), Australian PPI (Q3), US PCE (Sep)NOTE: Previews are listed in day orderEZ FLASH PMI (TUE): Expectations are for October manufacturing PMI to rise to 43.7 from 43.4, services to tick lower to 48.6 from 48.7, and lifting the composite at 47.4 vs. prev. 47.2. The prior report saw…
David Becker/Getty Images News New U.S. regulations on chip exports to China are unlikely to have much of a short-term impact on companies like Nvidia (NASDAQ:NVDA) and AMD (NASDAQ:AMD). Details are still murky and in the long-run, the picture might be quite different. The updated rules issued this week address loopholes in the original restrictions laid out last October to curb the evolution of advanced artificial intelligence in China on national security concerns. Nvidia (NVDA) and ASML (ASML) said the regulations will have a minimal short-term impact on results. However, China represents up to 25% of data center sales for…
© Reuters. Palestinians gather at the site of an Israeli strike on a house, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, in Gaza City October 21, 2023. REUTERS/Mutasem Murtaja By Aidan Lewis and Nafisa Eltahir CAIRO (Reuters) -Arab leaders condemned Israel’s two-week-old bombardment of Gaza on Saturday at a gathering of Western and other leaders and demanded renewed efforts to end a decades-long cycle of violence between Israelis and Palestinians. They were addressing a hastily arranged gathering dubbed the Cairo Peace Summit that included leaders and foreign ministers from Europe, Africa and beyond. But a senior…
Tecpetrol gains enough tendered shares to complete Alpha Lithium takeover Source link
USD/JPY ANALYSIS & TALKING POINTSModerating Japanese inflation keeps JPY on offer heading into next week.US inflation, GDP and durable goods under the spotlight this week.Bearish divergence conflicts with ascending triangle pattern on daily chart.Supercharge your trading prowess with an in-depth analysis of the Japanese Yen outlook, offering insights from both fundamental and technical viewpoints. Claim your free Q4 trading guide now! Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen is yet again at the border of the significant 150 level after comments from Bank of Japan (BOJ) Governor Ueda made several cautious statements…
© Reuters. U.S. President Joe Biden delivers a prime-time address to the nation about his approaches to the conflict between Israel and Hamas, humanitarian assistance in Gaza and continued support for Ukraine in their war with Russia, from the Oval Office of the Wh WASHINGTON (Reuters) -Palestinian Islamist group Hamas’ Oct. 7 attack on Israel that killed about 1,400 people aimed to disrupt a potential normalization of ties between Israel and Saudi Arabia sought by Riyadh, U.S. President Joe Biden said on Friday. Biden suggested Saudi wanted to recognize Israel in the comments he made at a campaign fundraiser. Saudi…
Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second straight day, breaking above last Thursday’s high of 158.92, though it retreated some and printed a daily close of 158.74, registering gains of 0.19%. The fundamental backdrop has not changed, as risk aversion was the price action driver during the week, while the Bank of…
Share: NZD/USD saw 0.30% losses declining near 87.30 . The cross tallies a four-day losing streak and will close a 0.80% losing week. For the first time since April, the pair trades below the 20 and 100-day SMA. In Friday’s session, the NZD/JPY continued facing selling pressure, seeing losses for a fourth consecutive day. The bears breach the 100-day Simple Moving Average (SMA), and the outlook is starting to tilt in favour of the bears in the daily chart.The Relative Strength Index (RSI) exhibits a negative slope below the 50 threshold, approaching the oversold condition, while the Moving Average…
Share: The Canadian Dollar ended the trading week flat against the US Dollar. A Retail Sales beat sees little positive momentum for the Loonie as markets remain USD-focused. Steady Crude Oil prices aren’t hurting the CAD, but aren’t helping it either. The Canadian Dollar (CAD) is seeing some minor lift on Friday, but selling pressure remains and intraday action is steadily pushing the USD/CAD back to its opening bids. Canada Retail Sales beat expectations but still came in soft nonetheless and the 1.3700 price point remains too attractive a level for US Dollar (USD) bidders to abandon. Daily…
Share: The AUD/NZD saw firm gains on the week, Aussie gains nearly 1.3% from Monday opening bell. Kiwi drastically underperforms its closest neighbor, gives up most of its gains from September’s late jump. Aussie touched a fresh one-month high ahead of Friday’s market close. The AUD/NZD finished up a strong trading week with the Aussie (AUD) gaining against the Kiwi (NZD) in its best single-week performance since early July, closing the Friday up over 1.25% from Monday’s opening bids. It’s been a thin week on the economic calendar for both the Aussie and the Kiwi, with New Zealand…