Author: FX
Yannis Stournaras is the Governor of the Bank of Greece and thus a member of the European Central Bank Governing Council (monetary policy setting committee). Speaking in Copenhagen, Stournaras said the ECB is probably done cutting interest rates, unless there is a meaningful deterioration in inflation or growth. Stournaras explained that while inflation is forecast to remain slightly below 2% for several years, “that alone isn’t enough to justify more interest-rate reductions.” He described policy as being in “a good equilibrium – not a perfect equilibrium, but a good one,” adding: “For the moment there’s no reason to act on…
Dallas airports return to normal as FAA details problem that caused outage Source link
European airports snarled by cyberattack, disruption to stretch into Sunday Source link
Mon: PBoC LPR, EZ Consumer Confidence Flash (Sep)Tue: Riksbank Announcement, EZ/UK/US Flash PMIs (Sep)Wed: CNB Announcement, Australian CPI (Aug), German Ifo Survey (Sep)Thu: SNB Announcement, Banxico Announcement, BoJ Minutes, PBoC MLF, German GfK Consumer Sentiment (Oct), US Durable Goods (Aug), US GDP (Q2), US PCE (Q2)Fri: Japanese Tokyo CPI (Sep), US PCE (Aug), US University of Michigan Final (Sep)PBoC LPR/MLF (Mon/Thu): The PBoC is expected to leave its Loan Prime Rates unchanged for the fourth consecutive month, with the 1yr and 5yr rates seen steady at 3.00% and 3.50%, respectively, according to a Reuters survey of 20 respondents. The decision…
Israel presses on with Gaza City assault, 34 Palestinians killed Source link
Trump administration places new restrictions on Harvard, citing financial concerns Source link
The Gaussian Rainbow MT4 Indicator is a trend-following tool that applies Gaussian smoothing techniques to multiple moving averages. Instead of relying on a single moving average line, it creates a “rainbow effect” with several layered lines that visually represent market trends. This approach helps traders filter out false signals and focus on the overall direction of the market. The smooth appearance of the indicator makes it easier to spot trend reversals and continuation patterns without confusion. Why Traders Use It One of the biggest benefits of the Gaussian Rainbow is its ability to reduce noise in…
Fed’s first rate cut in 9 months & moves from the BOJ to the BOC rocked the forex markets, prompting interesting FX behavior. Get the full recap! Source link
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week.Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing.French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro.EUR/USD edges lower on Friday, late in the North American session, as the Greenback recovers after bouncing off three-year lows reached in the aftermath of the Federal Reserve’s (Fed) interest rate cut. Political turmoil in France amid higher US Treasury yields boosted the US Dollar, sending the pair lower.EUR/USD falls as Fed speakers, higher…
1911 Gold (TSXV:AUMB:CA) on Friday said it has entered into an amended and restated agreement with Haywood Securities to amend the terms of its “best efforts” private placement and LIFE offering to increase the size of the offering to C$17 million. Source link