Author: FX

Mon: EZ Sentix Index (Oct)Tue: NilWed: EIA STEO, US PPI (Sep). FOMC MinutesThu: ECB Minutes, OPEC MOMR, IEA OMR, UK GDP (Aug), US CPI (Sep)Fri: Chinese Inflation (Sep), Chinese Trade Balance (Sep), EZ Industrial Production (Aug), US University of Michigan PrelimNote: Previews are listed in day orderFOMC Minutes (Wed): At its September meeting, the Fed voted unanimously to keep interest rates steady at 5.25-5.50%, in line with expectations. The central bank upgraded its language about the economy, stating it’s growing at a “solid” pace instead of “moderate”. It also recognised that job gains have slowed recently, but are still strong.…

© Reuters. FILE PHOTO: Smoke rises over apartment buildings after a Russian drone strike, amid Russia’s attack on Ukraine, in Lviv, Ukraine September 19, 2023. REUTERS/Stringer/File Photo ZAPORIZHZHIA (Reuters) – Ukraine’s air force expects a record number of Russian drone attacks on its soil this winter, its spokesperson Yuriy Ihnat said on Sunday, as Kyiv girds for a second winter of mass bombardment of its energy facilities. Ihnat said that data for September showed the use by Russia of Iranian-designed Shahed kamikaze drones would smash last year’s figure. “This autumn and winter … is already a record in terms of…

US stocks have come under pressure at the end of Q3 2023 as the Fed made their stance clear on interest rates remaining higher for longer. Such an environment is likely to weigh on risk assets like equities but from a technical point of view there are still a few hurdles that need to be overcome if stocks are to selloff from here. Major levels of support are well defined and should they hold, markets may exhibit choppy price action into new year with a slight downward drift.This report deals with the technical aspects of major US indices. For the…

Attorney and crypto advocate John Deaton criticizes supporters of former FTX CEO Sam “SBF” Bankman-Fried during his ongoing trials related to the collapse of their crypto venture. In an X (formerly Twitter) post, Deaton said that those characterizing SBF as a well-intentioned individual who made errors are unfit to manage people’s finances. He suggested that such sympathizers should not be considered for interviews with prominent television shows like CBS’s 60 Minutes. Continue Reading on Coin Telegraph Source link

Warning: PUBGY is at high risk of cutting its dividend Source link

UPCOMING EVENTS:Tuesday: US NFIB Small Business Optimism Index.Wednesday: US PPI, FOMC Minutes.Thursday: Japan PPI, UK GDP, ECB Minutes, US CPI, US Jobless Claims, NZ Manufacturing PMI.Friday: China CPI, China Trade data, Eurozone Industrial Production, US University of Michigan Consumer Sentiment. This weekend, Hamas launched a massive attack against Israel which draws parallels between October 2023 and October 1973. The implications for global markets are still uncertain, but the Oil market is the first one that comes to mind. Javier Blas published a nice article on Bloomberg where he highlights the likely implications and how the situation can turn uglier. WednesdayThe…

Crude Oil, WTI, China – Q4 Top Trade Opportunity:Crude oil prices might have ran too far in Q3Chinese imports tend to be a key driver of WTIMight a slowing China pressure oil prices? Recommended by Daniel Dubrovsky Download the complete selection of Q4 top trades Crude Oil Prices Might Have Ran Too Far in the Third QuarterHave crude oil prices ran too far in the third quarter, setting the stage for disappointment in the fourth? This analysis will be based on potential Chinese demand, ignoring other factors. According to data from the U.S. Energy Information Administration, China surpassed the United…

5/5 © Reuters. Rockets are fired from Gaza toward Israel, in Gaza, October 7, 2023. REUTERS/Mohammed Salem 2/5 By Maayan Lubell, Nidal al-Mughrabi and Ammar Awad JERUSALEM/GAZA/SDEROT (Reuters) – Israeli forces clashed with gunmen from the Palestinian group Hamas on Sunday, 24 hours after the militants launched a surprise attack on Israel in which nearly 500 people were killed in the deadliest day of violence in Israel for 50 years. The biggest incursion into Israel in decades could undermine U.S-backed efforts to forge regional security alignments that could threaten Palestinian aspirations for statehood and the ambitions of the group’s main…

US Dollar – Is The Rally Coming To An End?The US dollar has rallied since early Q3 back to levels last seen on either side of December last year as the Federal Reserve tightened monetary policy by hiking interest rates ever higher. The Federal Reserve left rates unchanged at its September meeting but warned that there could be another rate hike if economic conditions warranted it. While the September meeting had an overall hawkish tone, Chair Powell said that the US central bank would ‘proceed carefully’ when assessing if additional policy firming is required. Chair Powell used the same wording…

Just last week, White House National Security Adviser Jake Sullivan talked about how “quiet” the Middle East was.”I emphasize for now, because all of that can change, and the Middle East region is quieter today than it has been in two decades,” he said.It’s not anymore. Hamas launched a massive attack against Israel from Gaza, far more than anything in decades. The images are horrific from what was an incredibly-coordinated attack that was somehow completely missed by Israeli intelligence. It’s still far from clear what was done and the fallout but Israel’s declaration of war against Hamas wasn’t hyperbole; officials…