Author: FX
Share: The Greenback starts its week on a high note after breaking its weekly winning streak. Traders run for safety as Hamas attacked Israel over the weekend in its biggest offence in two decades. The US Dollar Index breaks back above 106.00 and looks primed to head higher. The US Dollar (USD) is at ease on this US public holiday on Monday. Despite Columbus Day, the Greenback is soaring higher after it gapped up on Sunday night amidst headlines from Hamas attacking Israel with a major offensive not seen in decades. All bets are off with safe havens seeing…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and ChartsDownload the Brand New Q4 Equity Outlook Recommended by IG Get Your Free Equities Forecast FTSE 100 weighed down by eruption of Middle East conflictThe FTSE 100, which on Friday reached its 55-day simple moving average (SMA) at 7,518, opened the week lower following geopolitical tensions in the Middle East but is being propped up by the higher oil price of around 4%. Technically speaking, provided the FTSE 100 remains above Friday’s 7,422 low, renewed upside is expected to be seen this week, even if…
Oleksii Liskonih The EU sees “convergence” with Japan on how it looks at generative artificial intelligence, or AI, Reuters reporetd citing Vera Jourova, Vice-President for Values and Transparency, European Commission. “I see a lot of convergence in how we look at AI and generative AI,” said Jourova, the report added. The EU has previously pushed for tougher while Japan has looked at more easier approach than the EU to strengthen economic growth. However, both regions have been deepening cooperation over technology like semiconductors and AI. “I was recently in China and it’s a totally different thing. I could discuss with…
Militants from Hamas — classified by the vast majority of western world nations as a terrorist organization — infiltrated Israel by land, sea and air on Saturday, during a major Jewish holiday, in what was the biggest attack in decades. The incursion came hours after the Islamist militants fired thousands of rockets into Israel from Gaza. As we deal with financial markets, we’ll focus only on the effects on the oil market, which will eventually cascade to other parts of the economy. Neither side – nor Israel nor Palestine – is a major oil player. Israel boasts two oil refineries…
Rising geopolitical tensions fueled a rise in risk aversion at the start of the week. Oil prices spiked amid escalating tensions in the Middle East and the Dollar picked up haven demand. The surprise Hamas attack on Israel boosted Gold and US currency. The USDIndex is trading at 106.12. USOil prices rose in early Asian trading on Monday amid concerns that Hamas’s attack on Israel will increase tensions across the Middle East and affect output from leading producers. The White House confirmed deaths of ‘several’ US citizens in Hamas attacks. Germany: The industrial production corrected -0.2% m/m in August. If oil prices…
© Reuters. The escalating geopolitical tension in the Middle East, sparked by Hamas’ assault on Israel and subsequent retaliatory strikes against Gaza, has led to a surge in international oil prices. prices rose by over $3 a barrel during Asian trading hours on Monday, reaching around $87 a barrel at 06:23 GMT. Israel is currently grappling with unexpected attacks by Hamas, which have ignited a conflict that Israel’s ambassador Michael Warzog has declared as “This is war.” His stance underscored Israel’s determination to confront and destroy Hamas. This conflict has stirred up strong reactions in the Bay Area, leading to…
After breaking a key support zone, AUD/USD has gained some pips and is now knocking on an inflection point. Are we looking at the start of a trend for AUD/USD? Or will the pair return to its range? AUD/USD 1-hour Forex Chart by TV October has been a good month for the Australian dollar so far, as AUD/USD has clawed its way from its .6300 to retest a technical support that was broken in late September. If you haven’t read the latest Global Market Weekly Recap, you should know that the U.S. dollar lost some of its recent gains over…
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China is back to printing economic data! Aside from some top-tier Chinese releases, the Fed will also be under the spotlight with its meeting minutes. On top of that, we’ll traders may take their cues from the U.S. CPI and consumer inflation expectations report for clues on the Fed’s moves for the rest of the year. 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: FOMC meeting minutes At their September meeting, the Fed kept…
S&P, Nasdaq, Dow fall as geopolitical concerns erupt in Middle East Source link