Author: FX
Higher rates may persist but that is not clearHave to be careful about fiscal pathToo early to speculate on any significant economic consequences from Israel-Hamas conflictThese are just some token remarks there by Yellen. Carry on as you will. This article was written by Justin Low at www.forexlive.com. Source link
Share: The Euro trades with decent gains against the US Dollar. Stocks in Europe trade mostly on the defensive. EUR/USD meets decent contention around 1.0500. The USD Index (DXY) looks supported around the mid-105.00s. German Wholesale Prices rose 0.2% MoM in September. US NY Empire State Manufacturing Index takes centre stage in the American session. The Euro (EUR) starts the new trading week on a positive foot against the US Dollar (USD), encouraging EUR/USD to extend the rebound from the 1.0500 neighbourhood and regain the 1.0540 zone on Monday. The Greenback sheds some ground following last week’s tops near 106.80…
EUR/CHF has pulled back some of its losses from last Friday! In case you missed it, demand for safe havens like the Swiss franc dragged EUR/CHF and other CHF pairs waaaay lower late last Friday. It looks like traders are in a more cautious risk-taking mood so far today. EUR/CHF 1-hour Forex Chart by TradingView And why not? Not only was there a lack of serious escalation over the weekend, but it looks like the powers that be are focused on finding some sort of resolution in the next few days. Israel, for example, is hinting at preparations for evacuation…
With CNY 500 billion of MLF loans set to expire this month, the biggest medium-term liquidity injection since 2020 of CNY 289 billion from the PBoC today limited the downside momentum as policymakers maintained the interest rate. The decision came after China’s banks extended CNY 2.31 trillion in new yuan loans in September 2023, which was a jump from August’s CNY 1.36 trillion, amid intense efforts from the central bank to bolster economic recovery. ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB). Currency: (CNY:USD) More on China economy:…
© Reuters. FILE PHOTO: An employee pumps fuel into a car at a Shell petrol station in Nairobi, Kenya, September 20, 2018. REUTERS/Baz Ratner/File photo By Rachel Savage MARRAKECH, Morocco (Reuters) – The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may be hard to implement as governments grapple with tough spending choices amid high debt. The region has been hit by repeated economic shocks since 2020, from the COVID-19 pandemic to Russia’s invasion of Ukraine and rising U.S. interest rates, putting cash-strapped, debt-laden governments in…
Crude Oil, WTI, Brent, US Dollar, USD/CHF, EUR/CHF, S&P NZX 20, Gold – Talking PointsCrude oil is on the march higher as uncertainty grows in the Middle EastHaven assets have been buoyed by the precarious situation, notably the CHFIf the Israel – Hamas war evolves further, where will that leave WTI? Recommended by Daniel McCarthy Get Your Free Oil Forecast Crude oil has held onto Friday’s gains as traders continue to watch the developments in the Middle East.As reports roll in of various pockets of fighting, the market remains cautious and concerned about the potential disruption to the global oil…
The times for this seem a little uncertain, it looks like 0630 GMT, which is 1030 US Eastern time: Federal Reserve Bank of Philadelphia President Patrick Harker speaks virtually on the economic outlook before the National Association of Corporate Directors Webinar But it may be 2 hours earlier, at 0430 GMT / 0830 US Eastern time. Source link
Tesla.Inc. is a company which engages in the design, development, manufacture, and sales of fully electric vehicles, as well as power storage and photovoltaic systems. It is ranked the 8th most valuable company in the world by market cap at over $830B. The company is scheduled to release its Q3 2023 earnings result on 18th October (Wednesday), after market close. Tesla Deliveries. Source: InsideEVs In Q3 2023, Tesla reported total vehicle production at 430,488, up 18% compared to the same period last year. On the other hand, total deliveries hit 435,059, up 27% from the same period last year. Model…
Share: USD/CHF struggles to gain around 0.9018 on Monday. US Michigan Consumer Sentiment Index fell to 63.0 versus 68.1 prior, below the market estimations of 67.4. The escalating geopolitical tensions between Israel and Palestine might boost the traditional safe-haven Swiss Franc. Market players will monitor the US Retail Sales, and Swiss Trade Balance later this week. The USD/CHF pair remains under selling pressure above the 0.9000 area during the early Asian session on Monday. The downtick of the pair is bolstered by the softer US Dollar (USD) and a decline in US Treasury yield amid the rising geopolitical tensions…
Australian Dollar, AUD/USD, US Dollar, Treasury Yields, ACGB, DXY Index – Talking PointsThe Australian Dollar steadies as risks swirl for marketsThe US Dollar has been underpinned by firm Treasury yieldsMarkets appear poised for a busy week. Will AUD/USD recover from the lows? Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian Dollar has steadied going into the new week after testing recent lows last Friday.The weakness in AUD/USD is mostly a result of the US Dollar regaining the ascendency with Treasury yields continuing to remain buoyant.The benchmark 10-year bond finished last week oscillating above 4.60%, not far from…