A senior U.S. defense official has confirmed that the US military is "surging" fresh supplies of air defenses, munitions and other security assistance to Israel. The spoke on condition of anonymity to Pentagon reportersThis, of course, is in response to the massive...
Joint statement from US, UK, France, Italy & Germany: Will support Israel defending itself
Joint statement from US, UK, France, Italy & Germany:Our countries will support Israel in its efforts to defend itselfOver coming days, we will remain united and coordinated to ensure Israel is able to defend itselfItaly, UK, US, France, Germany offers...
Goldman Sachs looking for higher USD/JPY – no change to BOJ negative rates until 2025
This summary of a Goldman Sachs piece is via the folks at eFX. For bank trade ideas, check out eFX Plus. USD/JPY's Projected Path: While Goldman Sachs anticipates an upward trend in the USD/JPY exchange rate, the journey might not be a smooth one, facing various...
Forexlive Americas FX news wrap 9 Oct: USD moves lower as mkts react to geopolitical risk
In the US today, it was a quasi-holiday as the US debt market was closed in observance of the Columbus Day holiday. As a result, there were no government issued releases today. The US stock market was open, however. Also, bond futures markets were open and they rose...
ICYMI: Yellen says the US “very likely” to move to enforce $60/barrel limit on Russian oil
US Treasury Secretary Yellen spoke in an interview with the Wall Street Journal (gated). “We are looking at enforcement very carefully and we want to make sure that market participants are aware we take this price cap seriously, and, to the extent Western services are...
RBC says US stocks are able to “weather the current surge in interest rates”
Some points from RBC on US equities vs. higher rates. Last week the 10-year US Treasury yield hit its highest in 16 years, so the question of how stocks perform in a higher rate environment is pertinent. Main points from RBC: S&P 500 tends to keep rising when the...
Major US indices snatch victory from the jaws of defeat
US stocks opened lower on the back of the Israel/Hamas bombing over the weekend. However, momentum faded and the indices started to reverse higher. Although the US bond market was closed, US bond futures did rally (lower yields), implying a decline in yields (flight...
BoE MPC member Mann says wage and price inflation are sticky downwards
Bank of England Monetary Policy Committee member Catherine Mann is giving a talk in Dallas on inflation dynamics.says wage and price inflation are sticky downwardsgoing forward the length of time inflation remains above target will be important given that inflation...
Economic calendar in Asia Tuesday, 10 October 2023
There is plenty on the data agenda, but its lower-tier data that is unlikely to move FX rates too much upon release. This snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column...
Trade ideas thread – Tuesday, 10 October 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
EURUSD stretches to the 38.2% retracement.Can the buyers make another run above the level?
EURUSD stretches to 38.2% retracementThe EURUSD moved above its 38.2% retracement of the move down from the September 12 high on Friday following the snapback rally post the US jobs report. That level comes in at 1.05709.Today, the price gapped lower at the open after...
NZDUSD making a play outside “value area”
Technical Analysis NZDUSD breaks above 0.6000 increases bullish bias. Looks toward swing area high at 0.6032 followed by the falling 100 day moving average of 0.6062 <!--> --> <!--> --> ADVERTISEMENT - CONTINUE READING BELOW <!--> Tags -->...
Stock market update in 60 seconds, the highlights you need to know
Stock Market Update:Top Gainers:HUBC surged by an astounding 179.26% to close at $0.65, with a significant volume of 256.36M.PRZO followed with an impressive 106.03% gain, finishing at $2.39 on a volume of 150.57M.ACXP climbed 60.94% to $3.09, while SNMP and PEV saw...
Microsoft higher on the day but testing key 100 day MA level
Microsoft tests its 100 day moving averageMicrosoft shares are trading up $2.66 or 0.81% at $329.92. At that level, the share price is testing its 100-day moving average at $329.96. Getting above the 100 day moving average would increase the bullish bias for one of...
WTI crude oil settles at $86.38
The price of WTI crude oil is settling at $86.38 up $3.59 on the day.. The high price today reached $87.20The low price extended to $84.74At session lows, the price tested the swing high going back to August at $84.85. Although the price dipped briefly below that...
France central bank sees Q3 GDP growth of 0.1%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Hamas official open to a discussion of a truce with Israel
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
More from Fed’s Jefferson: Current policy is restrictive
More from Feds Jefferson:It could be the case that rise in the long-run treasury yields reflects anticipation for strong growthCurrent policy is restrictive.Finding the right stance of policy is my concern.As a policymaker unmindful cumulative effects of past rate...
Major US stock indices erase losses. Trading higher on the day.
The major stock indices have erased their losses and are now trading positive on the day. Comments from Fed Jefferson were somewhat encouraging with hopes that the Fed may keep policy on hold. The chance of a hike by the end of the year is down to 27% (from 45% on...
Feds Jefferson:We need to move carefully to balance risk of tightening too much/too little
Fed Gov. Philip JeffersonFed vice chair Jefferson (voting member) speaking and says:We need to move carefully to balance the risks of tightening too much or too littleMay be too soon to say confidently we have tightened enough.Mindful of lag effects of past rates as I...