Author: FX
London copper prices rose to an all-time high today on prospects for a US-China trade truce.Copper is one of the most-levered trades to global growth and Chinese growth in particular. It’s also benefiting from expectations of demand around electricity demand, either via data centers or rebuilding green grids.There is a structural deficit building in markets and governments are looking to spur new investments in mines but there are extremely long — often +10 year — timelines to develop mines and that sets up the likelihood of a persistent deficit. It’s a theme I’ve been writing about for years and it’s…
Magnolia Oil & Gas Q3 2025 Earnings Preview Source link
The S&P CoreLogic Case-Shiller Index, released on October 28, showed U.S. home prices rising just 1.5% year-over-year in August 2025. That’s down from 1.6% growth in July and marks the seventh consecutive month of slowing. It’s also the weakest growth since mid-2023. That might not sound dramatic, but to traders and economists, home prices are like a fever thermometer for the economy. When home prices change, everything from your job prospects to inflation rates can shift. See, home prices aren’t just about real estate. They’re a leading economic indicator that can predict recessions, influence consumer spending, and signal whether the…
GSK cancer, HIV drug sales lift 2025 outlook in boost to stock Source link
Central banks:US-China headlines:Market headlines:Market moves:AUD leads, CHF lags on the dayEuropean equities mixed; S&P 500 futures up 0.3%US 10-year yields up 1 bps to 3.993%Gold up 1.7% to $4,018.15WTI crude oil up 0.4% to $60.40Bitcoin up 0.3% to $113,199Markets continue to gear towards the major events this week, with the first one up later today in the form of the FOMC meeting. Just before that though, there will be the Bank of Canada announcing their own policy decision with a 25 bps rate cut expected. As for the Fed, they are also expected to do the same in cutting rates…
CSG (NASDAQ:CSGS) on Wednesday said that it will no longer hold its third-quarter 2025 earnings results call originally scheduled for Wednesday, November 5, due to the NEC deal. Japan’s NEC Corporation said Wednesday it’s buying CSG Systems International ( Source link
China confirms Xi, Trump will meet in South Korea on Thursday Source link
Gold may have come under pressure early this week but HSBC sees that as just being a brief setback for the precious metal. The firm sees the rally in gold carrying over to the new year, with prices set to peak in the first half of 2026.The key factors that HSBC are pointing to in driving the rally are safe haven flows, rising fiscal deficits, and renewed threats to the Fed’s independence as well as the US’ fiscal stability in general. Adding to that, the firm argues that strong inflows from ETFs and real money accounts will also continue to…
EUR/JPY is having trouble making new lows below a mid-channel support zone. Think the pair has hit bottom this week? Check out what’s cookin’ on the 4-hour time frame! EUR/JPY 4-hour Forex Chart by TradingView The euro slipped a bit against the yen earlier this week, even after some upbeat mid-tier data out of the Euro Area. The move likely had more to do with yen strength than euro weakness. Traders turned less cautious after Trump and Takaichi’s meeting eased U.S.-Japan trade tensions, while Japanese officials’ comments on studying the impact of yen weakness revived talk of possible intervention. Remember…
Banco Latinoamericano declares $0.625 dividend Source link