Author: FX
The The New York Fed Staff Nowcast for 2025:Q3 is now 2.10%, which is fractionally higher than 2.08% last week. The Philly and Empire Fed surveys essentially cancelled each other out while the retail sales numbers added a slight lift.The advance reading on Q3 isn’t due until Oct 30 so there is much data to come before we get anything close to a real consensus. This article was written by Adam Button at investinglive.com. Source link
The Canadian Dollar strengthens despite weaker July Retail Sales, with USD/CAD easing after failing to hold above the 1.3800 mark.Canadian household spending weakened in July as Retail Sales slipped 0.8%, while ex-autos sales dropped 1.2%.The US Dollar Index holds near six-day highs underpinned by resilient demand following the Fed’s cautious guidance.The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday, with USD/CAD snapping a two-day winning streak and trimming earlier intraday losses despite a firmer Greenback and softer Retail Sales data.At the time of writing, the pair is trading around 1.3778, easing from the day’s high of 1.3825,…
The Australian Dollar (AUD) is trading slightly lower against the US Dollar (USD) on Friday, with the AUD/USD pair at 0.6595. But with the flash S&P Global Purchasing Managers Index (PMI) figures for September due on Monday at 23:00 GMT, caution could be the order of the day for traders.These releases will shed new light on Australia’s economic dynamics at a crucial time when the Reserve Bank of Australia (RBA) appears to have reached a turning point in its monetary policy.Strong PMIs in August: A basis for AUD supportThe latest PMI figures released by S&P Global highlighted a significant acceleration…
Silver extends its recovery on Friday after testing support near the $41.50.A retest of the 14-year high at $42.97 remains on the radar for bulls.RSI has recovered to 57 and MACD is turning positive, signaling strengthening momentum as long as $41.50 holds.Silver (XAG/USD) extends its recovery on Friday, building on Thursday’s modest rebound after hitting its lowest level in over a week earlier this week. At the time of writing, the white metal is trading around $42.35, stabilizing above key technical levels as buyers attempt to regain control following a pullback from the 14-year high at $42.97.On the 4-hour chart,…
Gold trades near $3,670 on Friday, snapping a two-day losing streak after the Fed’s interest rate cut.The US Dollar and Treasury yields extend post-Fed rebound as Powell’s tone proved less dovish than expected.Gold remains cushioned as markets anticipate two more Fed rate cuts by year-end.Gold (XAU/USD) regains ground on Friday, snapping a two-day losing streak after a volatile midweek reaction to the Federal Reserve’s (Fed) interest rate decision. At the time of writing, XAU/USD is trading around $3,668 during the American session, up nearly 0.65%.On Wednesday, the US central bank lowered the federal funds rate by 25 basis points (bps)…
The US Dollar (USD) is up on Friday, with the US Dollar Index (DXY) trading at 97.74, up 0.4% on the session. The rebound from Wednesday’s Federal Reserve (Fed) meeting is continuing.The Fed lowered its key interest rate by 25 basis points (bps) to a range of 4.00% to 4.25%, its first cut since December 2024.But more than the decision itself, market attention is now focused on the statements expected from more than a dozen Fed officials next week, including Chair Jerome Powell on Tuesday.The media “blackout” to which members are bound before each meeting ended on Thursday, paving the…
EUR/GBP extends gains for a second day, climbing to six-week highs.The British Pound is under pressure despite stronger UK Retail Sales data.UK stagflation concerns grow with high inflation, weak growth and a softening jobs marketThe Euro (EUR) extends gains against the British Pound (GBP) for the second day, with EUR/GBP surging to its highest level since August 7 despite stronger-than-expected UK Retail Sales data.At the time of writing, the cross is trading around 0.8713, easing slightly from an intraday high of 0.8728, as Sterling remains under pressure from the Bank of England’s (BoE) cautious monetary policy stance following this week’s…
Hola Prime, a platform designed to support traders across forex, crypto, and futures, today announced the addition of Tradelocker to its lineup of advanced trading solutions.The way people trade has transformed considerably over time. There was a period when most traders relied on bulky software, but those days are now in the past. Modern traders are seeking platforms that are fast-paced, easy to operate, and adaptable to individual styles. Day traders often remain connected throughout the day, swing traders may log in only a few times a week, and others prefer the ability to manage different asset classes without the…
MoneyHero press release (NASDAQ:MNY): Q2 GAAP EPS of $0.00. Revenue of $18M (+69.8% Y/Y). Profitable on a quarterly basis, with a net income of US$0.2 million versus a net loss of US$(12.2) million during the same period last year Adjusted EBITDA loss improved by 79% YoY to US$(2.0) million, supported by a stronger revenue mix, growing partnership ecosystem, and AI-driven efficiency gains Higher-margin Insurance and Wealth verticals comprised 27% of revenue, up 5 percentage points YoY Source link
Intel's Nvidia deal expected to be a mixed blessing for Asian chipmakers Source link