Author: FX
California State University system faces federal probe by Trump administration Source link
The Japanese yen could gain if Shinjiro Koizumi emerges as the next leader of Japan’s ruling Liberal Democratic Party, MUFG Bank strategist Lee Hardman said. He noted that the bank’s call for the Bank of Japan to resume rate hikes as early as October assumes a Koizumi victory, which would reduce political uncertainty and bolster confidence in tightening policy.Polls suggest support among LDP members is split between Koizumi and Sanae Takaichi, who is closely linked to former Prime Minister Shinzo Abe and his preference for loose fiscal and monetary policy. The leadership election will be held on Saturday.-Earlier this week:Japan…
Markets navigated a complex landscape on Monday as looming U.S. government shutdown fears weighed on the dollar while precious metals and cryptocurrencies caught strong bids on safe-haven flows and fiscal uncertainty. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines & Data: Japan Leading Indicators Index for July 2025: 106.1 (105.9 forecast; 105.6 previous) Bank of Japan board member Asahi Noguchi said on Monday that the need for adjusting policy rate is growing U.K. Mortgage Approvals for August 2025: 64.68k (64.5k forecast; 65.35k previous) U.K. Net Lending to Individuals for August 2025: 6.0B…
Impact of tariffs has been more muted than expected, perhaps responsible for 10% of current inflation This article was written by Adam Button at investinglive.com. Source link
The Euro Area’s flash PMI readings for September delivered a mixed bag, with the composite index edging up to 51.2 from 51.0, marking a 16-month high but falling short of signaling robust growth momentum. The divergence between sectors painted a picture of an uneven recovery, with services resilience offset by manufacturing weakness across both Germany and France. Let’s examine which setups from our watchlist capitalized on this mixed PMI outcome and how they performed against a backdrop of surging dollar strength following surprisingly robust US economic data. Watchlists are price outlook & strategy discussions supported by both fundamental & technical…
Vertigo3d Rezolve AI (NASDAQ:RZLV) fell 11% after a new short call from Fuzzy Panda Research. Fuzzy Panda disclosed that it’s short shares of Rezolve AI (NASDAQ:RZLV). Rezolve didn’t immediately respond to Seeking Alpha’s email request for comment. Rezolve (RZLV) has short interest of 3.8%. Source link
EUR/GBP trimms earlier losses as the Pound struggles amid ongoing UK fiscal uncertainty.BoE’s Ramsden expects wage and service price pressure to continue easing, leaving room for further monetary policy easing.Traders await the Eurozone flash inflation readings and UK final Q2 GDP for fresh policy clues.The Euro strengthens against the British Pound on Monday, with EUR/GBP recovering to around 0.8742 at the time of writing after briefly dipping to a one-week low earlier in the day. The cross gained traction as the Pound remains pressured by ongoing UK fiscal worries, while slightly dovish remarks from Bank of England (BoE) Deputy Governor…
The US Dollar (USD) is holding steady in a narrow range on Monday, as investors scrutinize the evolution of household sentiment in the United States. The US Dollar Index (DXY), which measures the greenback’s performance against a basket of major currencies, stands at around 97.81, down 0.4% for the session.Traders remain cautious ahead of the publication of the Conference Board’s US Consumer Confidence index, expected on Tuesday at 14:00 GMT. This indicator is one of the key barometers of household morale and, by extension, of their propensity to spend – a key driver of the US economy.Determinants of the US…
Gold rallies to fresh record highs above $3,800 as bullish momentum extends.A weaker USD and softer Treasury yields keep downside cushioned, while geopolitical tensions and US government shutdown risk add to safe-haven flows.Light US calendar on Monday with Pending Home Sales and remarks from St. Louis Fed’s Musalem and NY Fed’s Williams.Gold (XAU/USD) shines bright at the start of the new week, climbing past $3,800 for the first time. The yellow metal continues its historic run, printing yet another all-time high near $3,833 on Monday.At the time of writing, XAU/USD is trading near $3,831, up around 1.85% on the day,…
The Euro (EUR) moves higher against the US Dollar (USD) on Monday, with the EUR/USD pair trading around 1.1740, up 0.3% on the session, as investors await the release of the preliminary German inflation figures for September, due Tuesday at 12:00 GMT.Forex traders are cautious, aware that price dynamics in Germany could influence the European Central Bank’s (ECB) monetary policy expectations in the weeks ahead.The consensus forecast is for an annual rise in the Consumer Price Index (CPI) of 2.3% in September, up from the 2.2% advance seen in August, while the Harmonized Consumer Price Index (HCPI) is expected to…