Author: FX

Missed the symmetrical triangle breakout on this pair? AUD/CAD still seems to be in the middle of a pullback to the broken resistance! Take a look at these inflection points. AUD/CAD 1-hour Forex Chart by TradingView The Aussie surged higher earlier this week after the Reserve Bank of Australia kept interest rates on hold at 3.60% and dampened further easing expectations. Later in the day, mostly weaker than expected U.S. jobs data fueled downbeat NFP expectations, weighing on the dollar and the correlated Loonie. Can AUD/CAD resume its climb after this retracement? Remember that directional biases and volatility conditions in…

Taiwan has rejected a U.S. proposal that it shift half of its semiconductor production to America, with officials and media on the island warning the plan would damage its economy and cost jobs. The idea was revealed by U.S. Commerce Secretary Howard Lutnick, who said the Trump administration wants a “50–50 split” to cut America’s reliance on Taiwanese chips.Lutnick argued that with 95% of U.S. chips currently made in Taiwan — “9,000 miles away” — the risks were growing given Beijing’s threats toward the island. But Taiwan’s Democratic Progressive Party (DPP) authorities and local media immediately pushed back, calling the…

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Fed’s Logan: US may need more slack in job market to hit 2% inflation Source link

It’s the final session of September and the third quarter, with US equities posting modest gains & USD only slightly down despite mounting concerns about an imminent U.S. government shutdown. Gold continued its relentless march to fresh records while oil remained under pressure from supply glut worries. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines & Data: Australia Building Permits Prel for August 2025: -6.0% m/m (-4.0% m/m forecast; -8.2% m/m previous) China NBS Manufacturing PMI for September 2025: 49.8 (49.9 forecast; 49.4 previous) – sixth straight month of contraction China NBS…

Via oilprice.com:Expectations I had seen centred on:Headline crude +1 mn barrelsDistillates -1.1 mn bblsGasoline +0.7 mnThis data point is from a privately-conducted survey by the American Petroleum Institute (API).It’s a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and other government agenciesWhereas information on total crude oil storage levels and variations from the previous week’s levels are both provided by the API report, the EIA report also provides statistics…

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Mexican board member of Sabadell accepts BBVA’s bid; board tells investors to reject bid Source link

German DAX, +0.57%France’s CAC +0.19%UK’s FTSE 100 +0.54%Spain’s Ibex +1.04%Italy’s FTSE MIB +0.40%As London/European traders head for the exits, US stocks are trading lower in up-and-down trading:Dow industrial average is down -107 points 4-0.23% at 46209.39. At session highs the index was up 66.54 points. S&P index -7.48 points or -0.13% at 6652.63. The index had a modest 0.36 point rise at the highsNASDAQ index -42.78 points or -0.19% at 22547.50. At session highs the index was up 22.24 pointsIn the US debt market, yields are mixed with a steeper yield curve:2 year yield 3.600%, -3.3 basis points5 year yield…

Pound Sterling climbs above 1.3460 as US budget gridlock sparks worries of shutdown disrupting key economic data releases.US Job Openings rise to 7.227 million, while Conference Board Consumer Confidence dips below expectations.UK GDP growth beats forecasts at 1.4% YoY, but Sterling strength mainly fueled by broad-based Dollar weakness.The Pound Sterling (GBP) extends its gains for three straight days on Tuesday, edging up 0.20% as investors sell off the US Dollar (USD) amid fears of a US government shutdown. GBP/USD is trading at 1.3461 at the time of writing.Sterling gains for third day as political deadlock in Washington drives Dollar sell-offThe…