Author: FX
© Reuters. Israel’s Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 14, 2023. REUTERS/Amir Cohen By Nidal al-Mughrabi and Emily Rose GAZA/JERUSALEM (Reuters) -The Israeli military said on Sunday it would continue to allow Gazans to evacuate south and hundreds of thousands had already moved, as its troops readied for a ground assault on the Hamas-controlled Gaza Strip in retaliation for unprecedented attacks. Israel has vowed to annihilate the militant group Hamas after its fighters rampaged through Israeli towns shooting men, women and children and seizing hostages in the…
Warning: SAFRY is at high risk of cutting its dividend Source link
© Reuters. Israeli soldiers inspect the burnt car of a festival-goer at the site of an attack on the Nova Festival by Hamas gunmen from Gaza, near Israel’s border with the Gaza Strip, in southern Israel, October 13, 2023. REUTERS/Amir Cohen RAMLA, Israel (Reuters) – Military forensic teams in Israel have examined bodies of victims of last week’s Hamas attack on communities around the Gaza Strip and found multiple signs of torture, rape and other atrocities, officers said on Saturday. Around 1,300 bodies have been brought to an army base in Ramla in central Israel where forensic checks to determine…
SlavkoSereda/iStock via Getty Images Energy stocks enjoyed their best week since June, with the S&P 500 Energy Index +4.5%, as oil prices surged ahead of Israel’s imminent advance into Gaza that could cause violence to spill over into other parts of the Middle East, potentially causing disruptions to oil production and shipments. Saudi Arabia reportedly has paused its efforts to normalize relations with Israel, as protests against Israel’s expected action in Gaza spread across the Middle East. A less publicized factor also affected oil prices: The Biden administration for the first time began enforcing Russian oil sanctions announced last year,…
A lot was said about the metaverse when the Microsoft (NASDAQ:) deal to acquire Activision Blizzard (NASDAQ:) was announced in January 2022. The attention was mainly on business communications rather than gaming. If public statements and leaked documents are any guide, the Activision deal could promise more for the future of crypto than the metaverse. The metaverse had high visibility in Microsoft’s announcement of its deal for Activision in January 2002. “This acquisition will accelerate the growth in Microsoft’s gaming business […] and will provide building blocks for the metaverse,” the company said in the first paragraph. A few paragraphs…
Alongside the surge in USD/JPY Japanese authorities have insisted, over and over again, that the rate should trade in a stable fashion ‘driven by fundamentals’. And over and over again the market has insisted that a 500+ or so bp differential between US and Japanese rates are a solid fundamental.The IMF have weighed in, an official speaking on Saturday saying:”On the yen, our sense is that the exchange rate is driven pretty much by fundamentals. As long as interest rate differentials remain, the yen will continue to face pressure”Adding that the IMF assesses intervention in the FX market to be…
Gian Lorenzo Ferretti Photography Securities-industry jobs in New York City are at the highest level in more than two decades, though a decline in financial firms’ profits could adversely affect this milestone. Indeed, as of August 2023, Manhattan’s securities industry accounted for 195,100 jobs (18.1% share of industry jobs in the U.S.), according to a recent report released by New York State Comptroller Thomas P. DiNapoli. He noted the significant increase in headcounts stemmed from record profits in 2021, when borrowing costs were pulled down by the Federal Reserve to near-zero in the wake of the Covid-19 pandemic. But, when…
Sat: New Zealand General ElectionMon: New Zealand CPI (Q3), PBoC MLFTue: RBA Minutes, German ZEW Survey (Oct), US Retail Sales (Sep), Canadian CPI (Sep)Wed: Chinese GDP (Q3), Chinese Industrial Output (Sep) and Retail Sales (Sep), UK Inflation (Sep), EZ Final HICP (Sep)Thu: BoK Announcement, Bank of Indonesia Announcement, Japanese Trade Balance (Sep), Australian Jobs Report (Sep), US Philly Fed (Oct), Canadian PPI (Sep)Fri: EU-US High-level Meeting; PBoC LPR, Japanese CPI (Sep), UK Retail Sales (Sep), Canadian Retail Sales (Aug)NOTE: Previews are listed in day orderNew Zealand General Election (Sat): New Zealand will hold its general election on Saturday 14th October…
What a wild week in the markets with geopolitical developments dominating early and late in the week, mixed with top tier U.S. catalysts. This added a bit of a challenge for our strategists, who arguably had a net effective week despite unusual geopolitical variables thrown in. Two out of four strategies saw the target asset move in their bias favor by week close, with one other moving favorably for some time before the week close. AUD/USD 2-Hour Forex Chart by TradingView On Monday, we found that top tier catalysts from the U.S. may bring potential opportunities this week with the…
EURUSD on Friday’s trading day [13/10] was down -0.17%. Dollar strength weighed on the Euro. Additionally, comments from ECB President Lagarde on Friday weakened EURUSD, as she signalled additional ECB rate hikes may be on hold. She said that, “We are seeing an unprecedented tightening of financing conditions and the ECB will gauge the impact of previous rate hikes which are still having an impact on the financial system.” The euro’s decline was limited after Eurozone industrial production in August rose more than forecast. Eurozone industrial production in August rose +0.6% m/m, stronger than expectations of +0.2% m/m and the…