Author: FX

China and Germany sought to cool talk of rising friction on Monday after German Foreign Minister Johann Wadephul abruptly postponed what would have been his first official visit to Beijing. Info comes via Reuters reporting.trip, planned as the first by a minister in Chancellor Friedrich Merz’s government, was cancelled at the last minute after China agreed to only one of Wadephul’s requested meetingsfollowed weeks of tension over Chinese export curbs on semiconductors and rare earths, as well as Berlin’s criticism of Beijing’s support for Russia and its actions in the Indo-Pacific.A German government spokesperson said Berlin still wanted “respectful and…

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Markets surged on Monday as optimism over a potential US-China trade breakthrough dominated sentiment, with stocks hitting record highs while safe-haven assets retreated amid renewed risk appetite. Gold slid below $4,000 for the first time in two weeks as traders positioned for diplomatic progress between Washington and Beijing, while equities rallied on expectations of further Federal Reserve rate cuts this week. Check out the forex news and economic updates you may have missed in the latest trading session! Headlines & Data: Over the weekend Chinese and US trade negotiators announced diplomatic wins for Trump and Xi to unveil at upcoming…

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OPEC+ is leading to another modest output increase at Sunday’s meeting of 137,000 barrels. That would match the prior increase.Some countries do for a pause in the output increase.8 OPEC+ countries are expected to meet online on SundayCrude oil is up $0.16 or 0.22% and $61.66 This article was written by Greg Michalowski at investinglive.com. Source link

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The U.K.’s inflation held steady at 3.8% y/y in September, surprising traders who expected annual prices to rise by at least 4.0%. How did the British pound react, and which among our watchlist setups yielded the best trading opportunity? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium subscribe page to learn more! We’re…

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Buckle up! This week looks like one of those wild rides where every headline could move the market. We have FOUR central bank decisions, including the Fed, ECB, BOC, and BOJ. Australia will release its Q3 CPI, Canada will post its GDP, and the Trump-Xi summit in South Korea could shift global trade sentiment. Add the ongoing U.S. government shutdown delaying key data releases, and you’ve got a market that is twitchy, reactive, and loaded with traps. When the economic calendar gets this crowded, many traders start chasing everything that moves. They mistake busyness for productivity. But the best traders…

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Prior -29UK retailers continue to struggle in the fall with the outlook for November expected to worsen further. The indicator of expected sales for the month ahead fell from -36 to -39 this time around. And CBI notes that poor consumer confidence continues to weigh on sentiment with caution as well ahead of the upcoming budget. This article was written by Justin Low at investinglive.com. Source link

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