Author: FX
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At the same time, he cautioned that with inflation still running above the Fed’s 2% goal, there might not be much room left for further cuts.Key QuotesHe supported a quarter-point cut as a precautionary move to help the labour market but sees limited room for further easing.Monetary policy must continue to lean against inflation that remains above target.Overemphasis on the labour market could lead to policy that is too loose and does more harm…
Gold hits a fresh all-time high above $3,730 on Monday, extending gains for a sixth straight week.US Dollar and Treasury yields ease at the start of the week, adding fresh support to bullion.Fed Chair Jerome Powell speaks on Tuesday, alongside several other Fed officials throughout the week.Gold (XAU/USD) continues its record-breaking rally on Monday, extending gains for the sixth straight week as dovish Federal Reserve (Fed) expectations and robust safe-haven flows keep demand elevated. At the time of writing, XAU/USD is trading at a fresh all-time high of $3,731, pushing deeper into uncharted territory.The latest leg higher is underpinned by…
USD/CAD steadies above 1.3800 as the Canadian Dollar underperforms despite a weaker Greenback.The BoC cut rates to 2.50% last week, its eighth reduction since September 2023, and signaled readiness to ease further if risks rise.Fed’s Bostic said on Monday he sees little reason to cut further for now, penciling in only one reduction in 2025.The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday, with USD/CAD hovering around 1.3808 at the time of writing. The advance comes even as the Greenback trades lower against most of its major peers, as traders continue to assess…
The Global X Silver Miners ETF (SIL), launched in April 2010, tracks the Solactive Global Silver Miners Total Return Index, offering exposure to silver mining companies like Wheaton Precious Metals and Pan American Silver. With over $1 billion in assets, SIL provides a volatile yet targeted investment option for those seeking to capitalize on silver price movements through mining equities. Below we will look at the Elliott Wave path of the instrument. SIL (Silver Miners ETF) monthly Elliott Wave chart The monthly Elliott Wave chart indicates that the Silver Miners Junior ETF (SIL) formed a Grand Super Cycle wave ((II))…
SuperCom (NASDAQ:SPCB) has been awarded Germany’s national electronic monitoring contract after a competitive tender. The contract covers deployment of SuperCom’s PureSecurity EM Suite for programs like GPS tracking, domestic violence monitoring, home detention, and alcohol monitoring. The total program budget is estimated at $7M over up to 4 years. Revenue realization will vary based on actual usage levels throughout the contract term. Source: Press release Source link
Migration can mitigate some of the effects of the coming demographic changes, but it cannot push back the tideDemographic shifts would have varying and sometimes contradictory effects on inflationLikely result would be segmented inflation dynamicsMakhlouf is speaking about the challenges central bankers could face with demographic shifts and therefore with their price stability mandate.”Older population could damp aggregate demand and limit price growth but fewer working-age people risk tightening labour markets and push up wages.” This article was written by Giuseppe Dellamotta at investinglive.com. Source link
SPDR S&P MIDCAP 400 ETF Trust declares quarterly distribution of $1.6186 Source link
AUD/CAD is consolidating near key Fibonacci retracement levels! How low will the pair go before it extends its weeks-long uptrend? We’re checking out the 4-hour chart for clues: AUD/CAD 4-hour Forex Chart by TradingView The Aussie took hits last week after soft jobs data, shaky Chinese numbers, and stronger dollar demand weighed on the comdoll. Up north, the Loonie managed to brush off falling oil prices. Traders had already priced in the Bank of Canada’s dovish cut, so when the decision hit, CAD actually got a lift in a classic sell-the-rumor, buy-the-news move. But that was last week. With oil…
There aren’t any major expiries to take note of on the day, with the full list seen below.It’s looking set to be a quieter start to the new week, with not much on the economic calendar for the day ahead. That will keep the focus residing on the post-Fed follow through from last week, with market players mostly putting the onus on economic data to prove their outlook wrong.The dollar is in a decent spot, with EUR/USD keeping a bit of a rejection of 1.1900 while USD/JPY moves back closer towards its 200-day moving average of 148.56. The latter will…
We’re seeing another snapshot of Euro Area business conditions this week! Our Event Guide for the Euro Area PMI Reports points out that surprise weaknesses in the September numbers would challenge the ECB members’ relatively less dovish monetary policy outlook. If the PMIs cause concerns among investors, EUR/AUD and EUR/USD’s setups may draw in bearish demand. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link