Author: FX
JPY verbal intervention:China:Other Let’s get Japan and the yen out of the way first and then on to China. Inflation data from Japan for September kicked the session off. All three of the main measures came in at or above the Bank of Japan 2% target, although two of them were lower than the previous month. I expressed the view a few times that I don’t think the data is too important for the Bank of Japan right now, they seem intent on hiking regardless of what the readings are. Market consensus is swinging (has swung?) towards a December rate…
A busy trading calendar meant that the major assets were exposed to asset-specific catalysts and new market themes! Which headlines caught the investors’ attention and how did your favorite assets trade? Let’s break down the major market moves on Thursday: Headlines: Japan trade balance shifted to a deficit of JPY 294.24 billion in September 2024, compared to a surplus of JPY 60.56 billion in the same month the previous year, exports unexpectedly fell 1.7% AUD sharply higher as Australian economy added 64.1k jobs in September Switzerland’s trade surplus widened from upgraded 4.74B CHF to 4.92B CHF (4.85B CHF forecast) Eurozone…
WTI gained ground due to an unexpected drop in US Oil inventories. US Crude Oil Stock declined by 2.192 million barrels in the previous week, against the expected 2.3-million-barrel increase. Israel’s military and the Shin Bet security service confirmed the killing of the militant leader Yahya Sinwar on Wednesday. West Texas Intermediate (WTI) Oil price extends its gains for the second consecutive day, trading around $70.40 per barrel during Asian hours on Friday. The rise in crude Oil prices was supported by an unexpected drop in US Oil inventories. According to the Energy Information Administration (EIA), US Crude Oil Stock…
In a unanimous decision and as markets had expected, European Central Bank (ECB) members cut their key interest rates by 25 basis points effective October 23: The deposit rate is now down to 3.25% The main refinancing rate will dip to 3.40% The marginal lending facility rate will ease to 3.65% Link to ECB October Monetary Policy Statement In its statement, the ECB cited its “updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission” as the reason for the latest cuts. Specifically, members shared that “recent downside surprises” in economic indicators…
Steven Leonard Chapman, CEO and President of Natera, Inc. (NASDAQ:), has sold 4,523 shares of common stock, according to a recent SEC filing. The shares were sold at a weighted average price of $130.40 per share, resulting in a total transaction value of approximately $589,796. This transaction was conducted under a Rule 10b5-1 trading plan that Chapman adopted on December 11, 2023. Following this sale, Chapman retains ownership of 191,163 shares in the company. In other recent news, Natera Inc . reported noteworthy developments in its operations and financial performance. The company announced a 12% sequential revenue increase from the…
The foreign exchange market, or forex for short, can feel like a whirlwind of charts, indicators, and jargon. But fear not, intrepid trader! Today, we’re diving into a powerful tool that can simplify your analysis and potentially boost your trading success: the Color Osma MT4 Indicator. This guide, crafted with both beginners and seasoned traders in mind, will unveil the secrets of the Color Osma. We’ll explore its inner workings, decipher its visual language, and equip you with strategies to leverage its insights in your trading endeavors. Benefits of Using the Color Osma Indicator Simplified Visualization: The color coding cuts through…
This is via a bipartisan think tank in the US, Urban-Brookings Tax Policy Center.A paper from the centre looks at the proposed 10% tariff on all products and materials imported from abroad … paired with a Trump-proposed 60% tariff on imports from ChinaIt concludes the impacts would include:trillions in revenue for the U.S. Treasuryhigher prices for American consumersslower growth for the economy, jobs and wagesBut it also looks at the geographical distribution of pain, the huge tariffs wouldn’t affect all U.S. states uniformly,highest tariff payments would occur mostly in states in the Midwest and SouthIllinois, Michigan, Wisconsin, Kentucky, Indiana, Mississippi,…
By Karen Freifeld WASHINGTON (Reuters) – The Biden administration is easing export restrictions on U.S. commercial space companies to ship certain satellite and spacecraft-related items to allies and partners on Thursday, two people familiar with the matter said. The changes are intended to make it easier for the growing U.S. commercial space industry to expand sales while also protecting national security and foreign policy interests. Certain items involving remote sensing spacecraft or space-based logistics assembly, and servicing spacecraft will no longer need licenses for shipment to Australia, Canada, and the United Kingdom, one person said. Some less sensitive satellite and…
TRV stock soars 8% on Thursday after delivering record Q3 earnings. Travelers adjusted EPS spiked 169% from a year earlier. Record underlying underwriting income led to the successful quarter. TRV stock could run up to $280 based on technical chart pattern. The Travelers Companies (TRV) stock has popped 8% on Thursday after its third-quarter earnings surprised to the upside. Underwriting margins were much better than a year ago, leading to record underlying underwriting income of $1.5 billion, and the insurance company benefited from improvement in its investment portfolio as well. Travelers stock gains helped the Dow Jones Industrial Average…
The USDJPY is extending above the high from earlier this week at 149.974 for the 2nd time today, but is finding more upside momentum on this break.. The price just reached 150.29. The price of the USDJPY has traders now focused on other targets above including the 50% midpoint of the move down from the July high. That comes in at 150.757. Above that, the falling 100-day MA comes in at 150.897 and the 200-day MA comes in at 151.277.Close risk is at the mid-August high at 149.356. The price of the USDJPY has remained above that level in the…