Author: FX
Stock markets moved higher overnight, as jitters over the Israel-Hamas war continued to ease and traders trimmed expectations for further rate hikes in the US. There were also reports of further and more comprehensive stimulus measures for China, although while the Hang Seng rallied, the CSI 300 managed only fractional gains. European futures are in the red, after a broad rally yesterday. US futures are narrowly mixed. Germany: HICP is still nowhere near the 2% target and with oil prices already backing up again, and wage growth still high, inflation is likely to continue to…
USD/CAD ANLAYSIS & TALKING POINTSCrude oil, Israel-Palestine war and US data dynamic provide complicated backdrop for USD/CAD.US factors under the spotlight today.Key support break could see USD/CAD breakdown further.Elevate your trading skills and gain a competitive edge. Get your hands on the U.S. dollar 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 USD Forecast CANADIAN DOLLAR FUNDAMENTAL BACKDROPThe Canadian dollar braces ahead of US PPI and the FOMC minutes respectively. Yesterday’s dovish remarks by the Fed’s Logan that there may be ‘less need for…
Nikada Japan +0.60%. The Reuters Tankan sentiment index for manufacturers in Japan stood at +4 in October 2023, unchanged from the previous month. China -0.06%. In China, Beijing is weighing the issuance of additional sovereign debt for spending on infrastructure to help the economy meet the official growth target of around 5% this year. Hong Kong +1.39%. India +0.61%. Australia +0.68%. In the U.S. on Tuesday, all three major indexes ended higher, the third straight day of gains after dovish comments for Federal Reserve officials pushed Treasury yields lower. Investors are now awaiting the minutes of the latest Fed meeting…
© Reuters. FILE PHOTO: A view of the skyline in Singapore, January 27, 2023. REUTERS/Caroline Chia/File photo By Xinghui Kok SINGAPORE (Reuters) – Singapore’s economic growth in the third quarter is expected to remain sluggish as the central bank seeks to balance the task of containing inflation and shoring up the slowing post-pandemic recovery. Economists polled by Reuters expect preliminary data, due on Friday, to show gross domestic product (GDP) expanding 0.4% in July-September from a year ago amid tepid external demand. The city state narrowly avoided a technical recession when GDP in the second quarter of 2023 grew 0.1%…
What’s strong, steady, and trending for the past few weeks? If you said Travis Kelce, you’re right. You’re probably not in a trading mindset though. Because we’re talking about USD/CHF today! USD/CHF 4-hour Forex Chart by TV USD/CHF has been in an observable uptrend since mid-July when the pair found support from the .8550 area. Dollar bulls have a chance to jump in the pro-USD train today as USD/CHF consolidates at an attractive retracement level. As you can see, the .9050 minor psychological zone is not far from a trend line support that’s been around for months. In this case,…
AUDUSD,D1 AUDUSD, W1 The USDIndex fell -0.23% on Tuesday and recorded a 1-week low. Yesterday, a rally in stocks and comments from Atlanta Fed President Bostic reinforcing speculation that the Fed is heading towards a pause in rate hikes, curbed demand for dollar liquidity. Nonetheless, the Dollar’s decline was limited as the ongoing turmoil in the Middle East increased safe-haven demand for the Dollar. Atlanta Fed President Bostic said, that he felt there was no need to raise rates again and that he thought the current policy rate was at a sufficiently restrictive position to bring inflation down to 2%.…
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Share: On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1779 as compared to the previous day’s fix of 7.1781 and 7.2842 Reuters estimate. PBoC injects 102 billion Yuan via 7-day RR, sets the rate at 1.8%, 417 billion Yuan of RRs mature today, summing to a net 315 billion Yuan drain on the day in OMOs. Source link
October will be an important month for amusement park stocks, according to KeyBanc Capital Markets, as attendance so far this year has been sluggish. Attendance at parks operated by Cedar Fair, L.P. (NYSE:FUN), SeaWorld Entertainment, Inc. (NYSE:SEAS), and Six Flags Entertainment Corporation (NYSE:SIX) remains well below 2019 levels. This partly explains why the stocks have lagged the broader market in recent months. The latest projected attendance data shows that underperformance could continue. KeyBanc’s outlook isn’t so sanguine. It lowered its Q3 attendance estimate to -4% year over year, from -2.5% prior. In the third quarter, the firm projects Cedar Fair…
AUD/USD TECHNICAL OUTLOOKAUD/USD rises for the fourth straight day, pressing against trendline resistance.Despite its recent recovery, the Aussie maintains a bearish profile.This article looks at AUD/USD’s key technical levels worth watching in the coming trading sessions. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Oil Price Forecast – Geopolitical Turmoil to Spur Bullish Energy Market SentimentMarket sentiment has improved in recent days, allowing AUD/USD to make a moderate turnaround from the middle of last week, when it briefly hit its lowest level since November…