Author: FX
Share: EUR/USD recovers some lost ground near 1.0650 after bouncing off the monthly low. Eurozone Manufacturing PMI fell to 43.4 in September, worse than expected; Service PMI came in better than estimated. US S&P Global Manufacturing PMI showed an ongoing contraction in the manufacturing sector’s business activity. Investors will monitor the Core Personal Consumption Expenditure (PCE) Price Index on Friday. The EUR/USD pair snaps its four-day losing streak during the early Asian session on Monday. Market participants will digest the outcome of the Federal Reserve (Fed) meeting last week and await the US Core Personal Consumption Expenditure (PCE)…
© Reuters. On this week’s episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the real estate markets, highlighting stagnant mortgage demand, attributed to rising rates. With an average 30-year fixed-rate mortgage interest rate of 7.27%, refinancing and home purchase applications have dropped significantly. Still, Pechman speculates that house prices might rise if inflation continues to grow. While some sellers may be distressed, real estate, especially urban residential, has historically been a reliable store of value. He concludes by highlighting that other investment options may not provide a safer haven in the current economic climate.Continue Reading on Coin Telegraph Source…
valtron84 Industrial real estate appears to have reached an inflection point and is poised to bounce up next year as the sector normalizes in the wake of the pandemic, according to a research note from Bank of America Securities. The sector boomed when consumers, stuck at home during the pandemic, embarked on online shopping sprees, partly fueled by stimulus checks. That led to increased demand for warehouses and fulfillment centers to keep up with the surge in business. Then, as travel restrictions lifted, the demand for goods slowed. That softening in demand may be bottoming out after BofA’s proprietary one-year…
Recommended by Daniel Dubrovsky How to Trade EUR/USD The US Dollar experienced mixed performance against its major peers this past week. Looking at the chart below, the British Pound was the worst performer weakening about -1.2%. Meanwhile, the New Zealand Dollar was better off, rallying around 1.1%.Meanwhile, Wall Street took a plunge in the aftermath of the Federal Reserve monetary policy announcement. The Dow Jones, S&P 500 and Nasdaq Composited fell -1.9%, -2.9% and -3.6%, respectively.The central bank’s pursuit to bring inflation down is now primarily coming in the form of pushing up expectations of a higher terminal rate. In…
Following a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic events calendar. The FX market may be influenced by month-end rebalancing.Highlights for Tuesday include Japan’s BoJ Core CPI y/y data and the release of CB Consumer Confidence, New Home Sales, and the Richmond Manufacturing Index in the United States.On Wednesday, key events include the Monetary Policy Meeting Minutes in Japan, Australia’s CPI y/y, and in the United States, the Core Durable Goods Orders and Durable Goods Orders m/m figures.As Thursday unfolds, attention will turn towards eurozone CPI data…
Katarina Molnarova/iStock via Getty Images More new electric vehicles coming to market also means more used EVs for sale. But pricing an EV is nowhere near as straightforward as pricing a traditional gasoline-fed automobile. To begin with, there is the battery, which represents the bulk of the car’s value. While there are battery health reports available, they are not standardized and it’s nearly impossible to know exactly how often it was charged and how it was driven, among other things. Battery health is a “giant question and there’s more questions than answers there,” according to David Greene, Cars.com’s (NYSE:CARS) industry…
2/2 © Reuters. Chinese Coast Guard boats close to the floating barrier are pictured on September 20, 2023, near the Scarborough Shoal in the South China Sea, in this handout image released by the Philippine Coast Guard on September 24, 2023. Philippine Coast Guard/Hando 2/2 MANILA (Reuters) -The Philippines on Sunday accused China’s coast guard of installing a “floating barrier” in a disputed area of the South China Sea (NYSE:), saying it prevented Filipinos from entering and fishing in the area. Manila’s coast guard and Bureau of Fisheries and Aquatic Resources “strongly condemn” China’s installation of the barrier in part…
UPCOMING EVENTS:Monday: German IFO.Tuesday: US Consumer Confidence.Wednesday: BoJ Meeting Minutes, Australia Monthly CPI, US Durable Goods Orders.Thursday: Australia Retail Sales, US Q2 Final GDP, US Jobless Claims.Friday: Japan Tokyo CPI, Japan Unemployment Rate, Japan Retail Sales, UK Q2 Final GDP, Eurozone CPI, Canada GDP, US Core PCE.TuesdayThe US Consumer Confidence is expected to slide further to 105.6 vs. 106.1 prior. The previous report saw a huge miss and coupled with the big miss in US Job Openings it hinted to some notable softening in the labour market. In fact, compared to the University of Michigan Consumer Sentiment survey, which shows…
2/2 © Reuters. FILE PHOTO: Solomon Islands’ Prime Minister Manasseh Sogavare, Papua New Guinea’s Prime Minister James Marape, Marshall Islands’ President David Kabua and Samoa’s Prime Minister Fiame Naomi Mata’afa listen as U.S. President Joe Biden delivers remarks at t 2/2 By David Brunnstrom, Trevor Hunnicutt and Kirsty Needham WASHINGTON (Reuters) – President Joe Biden will host a second summit with Pacific island leaders this week, part of a U.S. charm offensive to block further Chinese inroads into a strategic region Washington has long considered its own backyard. During the three-day meeting, the U.S. will announce diplomatic recognition for two…
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