Author: FX
Justice Dept officials' statements on Luigi Mangione broke court rules, judge says Source link
GBP/JPY trades sideways, consolidating recent gains after Tuesday’s dip to its weakest level since September 9.Japan’s flash PMI showed manufacturing contracting further, while services activity held firm.BoE Governor Bailey struck a dovish tone, signaling further rate cuts ahead and citing softer labor market conditions.The British Pound (GBP) trades sideways against the Japanese Yen (JPY) on Wednesday, with GBP/JPY modestly higher, rebounding after briefly slipping to its lowest level since September 9 on Tuesday. At the time of writing, the cross is hovering around 200.00, holding onto recent gains but struggling to extend the advance.Bank of England (BoE) Governor Andrew Bailey…
Prior was -9285KGasoline -1081K vs +150K expDistillates -1685K vs -494K expRefinery utilization -0.3% This article was written by Adam Button at investinglive.com. Source link
In an interview with West Midlands Magazines’ Editor, Simon Archer, Bank of England (BoE) Governor Andrew Bailey said that there is still some further journey down in interest rates to go.”But exactly when that will be and how much it will be will depend on the path of inflation going down,” Bailey added, while noting that there is some softening in the labor market, alongside cautiousness among consumers.”People are being quite cautious at the moment. Of course, that affects spending, so that has an effect on the state of the economy because there isn’t as much,” he elaborated. “People aren’t…
Gold pauses its record-breaking run after setting a fresh all-time high at $3,791.Fed’s cautious stance and a firmer US Dollar cap upside, while geopolitical tension and rate-cut expectations cushion downside.Market focus shifts to upcoming US data and Fed commentary, with PCE inflation on Friday in the spotlight.Gold (XAU/USD) is trading under renewed selling pressure on Wednesday, retreating after reaching a record high of $3,791 the previous day. At the time of writing, XAU/USD is trading near $3,735, easing from an intraday high of $3,779, as traders weigh the Federal Reserve’s (Fed) cautious stance on the path of monetary policy easing.A…
The Swiss Franc (CHF) retreats on Wednesday against the US Dollar (USD) just hours before the Swiss National Bank’s (SNB) eagerly-awaited interest rate decision on Thursday at 07:30.Investors are closely watching for any signals of a possible reintroduction of negative interest rates or adjustments to the exchange rate strategy.For the time being, the dominant scenario is for the key interest rate to remain unchanged at 0%, as the SNB seeks to preserve the delicate balance between economic support and price stability.Monetary policy under pressureThe SNB meets in a context marked by several headwinds. Swiss inflation has been back in positive…
Spanish defence minister's jet suffers GPS disturbance near Russia's Kaliningrad Source link
Below is the article copy that wraps your video and keeps the focus on structure – not a sea of indicators.Why simplicity wins with this Nvidia stock analysis (no indicators!)Price leaves footprints. When you remove the clutter and look for the simple story, structure begins to speak. In this video we keep the chart clean – no moving averages, no oscillators – only a working channel, one orange decision box, and clear price levels.The long-term setup for NVDA stock – channel first, everything else secondTwo touch points build the channel at the top and bottom. That structure acts like a…
Alibaba shares surge in Hong Kong as CEO announces AI spending boost beyond $50B plan Source link
Australia’s monthly inflation accelerated to 3.0% year-over-year in August, hitting the top of the RBA‘s target band and marking the highest reading in 13 months. The result came in slightly above economists’ expectations of 2.9% and represented a notable acceleration from July’s 2.8% pace. Key Takeaways from Australia’s August CPI Report Headline inflation hit 3.0%, reaching the upper limit of the RBA’s 2-3% target band for the first time since July 2024 Core inflation measures diverged – trimmed mean eased to 2.6% (from 2.7%), but CPI excluding volatile items jumped to 3.4% (from 3.2%) Housing and electricity drove gains –…