Author: FX
Britain’s housing market lost further momentum in September, while business confidence slumped to its lowest level in three years amid growing anxiety over Finance Minister Rachel Reeves’ upcoming budget.The RICS house price balance improved slightly to -15 from -18 in August, indicating fewer surveyors reported price declines, though buyer demand and agreed sales remained weak for a third straight month. RICS analyst Tarrant Parsons said market sentiment remains cautious, with uncertainty over potential tax measures in the November 26 budget weighing on activity.Reports suggest Reeves may seek new housing-related tax measures to meet fiscal targets. Economists also linked the recent…
EUR/USD extends its losses for three straight consecutive days, down 0.32% as the US government shutdown extends, and the Federal Reserve’s last meeting minutes showed that officials remain cautious on inflation, despite easing policy. At the time of writing, the pair trades at 1.1622 after hitting a daily high of 1.1661.France political turmoil and German data push the Euro lowerEuro’s weakness is mainly sponsored by the French political turmoil as the outgoing Prime Minister Sebastien Lecornu revealed there have been progress in negotiations with parliamentary groups and that President Macron could be able to name a new PM in 48…
Markets maintained their resilient tone on Wednesday despite the ongoing U.S. government shutdown entering its eighth day, with equities and alternative assets posting gains as traders digested Federal Reserve meeting minutes that revealed a divided committee but confirmed the path toward further easing. The session was marked by contrasting signals: gold extended its historic rally past $4,000 per ounce, the S&P 500 climbed to fresh records above 6,750, and the dollar found support despite concerns about the prolonged budget impasse in Washington. Check out the headlines and economic updates you may have missed in the latest trading session! Headlines &…
Fannie Mae hires Tri Pointe's Hamara and adds him to the board Source link
Some participants noted financial conditions suggested policy may not be “particularly restrictive”Those participants judged a cautious approach to future policy was warrantedAlmost all participants supported quarter-percentage-point cut to Fed funds rate at September meetingMost participants judged downside risks to employment had increased, upside risks to inflation had either diminished or not increasedParticipants generally noted their judgments about appropriate policy action at September meeting reflected a shift in the balance of risksA few participants saw merit in keeping Fed funds rate unchanged at September meeting or that they could have supported such a decisionA majority of participants emphasized upside risk to…
The Minutes of the United States (US) Federal Reserve’s (Fed) September 16-17 monetary policy meeting will be published on Wednesday at 18:00 GMT. The US central bank decided to cut the policy rate by 25 basis points (bps) to the range of 4%-4.25% at this meeting, but Fed Governor Stephen Miran preferred to lower the fed funds rate by 50 bps.Jerome Powell and company opted to reduce policy rate in SeptemberThe Federal Open Market Committee (FOMC) decided to cut the interest rate by 25 bps in September, as widely anticipated. In the policy statement, the Fed acknowledged that jobs gains…
Sodexo (OTCPK:SDXAY) announced on Wednesday the appointment of Thierry Delaporte as CEO, effective November 10.Delaporte was appointed CEO of Wipro in 2020.The company said it is entering a new phase of development, following Sophie Bellon’s four-year tenure as CEO.Bellon will act as non-executive chairwoman.Sodexo will hold a conference call for analysts and investors at 8:30 AM CET on October 9. Source link
If you’re wondering why the Japanese yen just went vertical this week, welcome to a quick lesson in how politics can move markets fast. Japan just delivered a political surprise that sent stocks soaring, bonds tumbling, and the yen into free-fall. For new traders trying to understand how markets actually work (i.e., fundamentals are what moves markets), this is a wonderful teaching moment. 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!…
Gold shatters $4,000 milestone as investors rush to safety Source link
Gold hit a fresh record at $4049 today and is trading at $4039, up $56 on the day. It blew right through $4000 today in a very impressive move. Yesterday’s shallow dip was bought aggressively in a sign that many are waiting on the sideline and looking to get in.Here is a chart from TD Cowen showing why. It highlights that gold holdings in ETFs aren’t particularly high. People piled in briefly post-covid but that money came out in 2024 and has only started to go back in. That’s a sign that retail isn’t yet loaded up on gold, which…