OPEC+ members not sticking to their agreed quotas??? No Sh*t!!A story as old as the cartel itself.Kingdom called out members for overproducing, in what was seen as a veiled threat of a price warThe Saudi oil minister has said that prices could drop to as low as $50...
ECB’s de Guindos: Risks to growth are still tilted to the downside
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,...
GBPUSD Technical Analysis – The USD gets a boost from Powell’s comments
Fundamental OverviewThe US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40% as a result.On the data...
EURUSD Technical Analysis – Lower odds for a 50 bps Fed cut boost the USD
Fundamental OverviewThe US Dollar got a bit of a boost this week as Fed Chair Powell reiterated that 50 bps of easing by year end remains the base case. The market’s probability for the Fed to cut by 50 bps in November fell from 51% to 40% as a result.On the data...
The Morning Blast with @PiQSuite and @MrMBrown
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,...
Analysis via @Newsquawk – Middle Eastern tensions: The long and the short of it.
Full Story on Newsquawk IRAN’S MISSILE ATTACK ON ISRAEL: Iran's IRGC launched nearly 200 missiles towards Israel, targeting military bases and civilians. Iran's Revolutionary Guards said they targeted three Israeli military bases in a missile attack and used...
Japan’s economic outlook and inflation concerns: BoJ’s Ueda analysis
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,...
Japan Bond Market Faces Hangover from BoJ’s Buying Spree
Full Story via PiQ SuiteFutures in Japan face hangover from BoJ's bond-buying bingeJapan's $9 trillion bond market is bracing for disruption as a shortage of paper caused by the central bank's massive buying is expected to hit the settlement of derivatives used by...
The @Newsquawk Europe Market Open: Traders cautious amid heightened Middle East tensions
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,...
South Korean Inflation Eases to 1.6% in September; BOK May Ease in October Meeting
Full Story via EMW on PiQ SuiteSouth Korean CPI inflation eases to 1.6% y/y in September on falling transport pricesCore CPI rises by 1.8% y/y compared to 1.9% y/y in August Fresh food prices stabilize at low 3% y/y growth CPI print increases odds that BOK will ease...
Citi predicts ECB to slash rates by 25 bps in October
via PiQ SuiteCiti has joined a growing number of banks in expecting the ECB to cut policy rates by 25 bps in OctoberExpects ECB to cut rates in October, December and through the start of 2025, to reach a deposit rate of 1.5% by September 2025Given recent comms from...
U.S. Port Strike Causes Chaos: Biden Pressures Employers for Resolution
Full story via PiQ SuitePresident Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the...
ForexLive Asia-Pacific FX news wrap: Yen loses support from new Japanese economy minister
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,...
Federal Reserve speakers Wednesday include Barkin, Hammack, Musalem and Bowman
The times below are in GMT/US Eastern time format1300/0900 Federal Reserve Bank of Cleveland President Beth Hammack gives welcome remarks before the 2024 Minorities in Banking Forum hosted by the Federal Reserve Bank of Cleveland1405/1005 Federal Reserve Bank of St....
ANZ say the path of least resistance for the RBNZ is a 50bp interest rate cut next week
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,...
Japan’s Eco Min says not necessarily correct that Ishiba positive about further rate hikes
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,...
Mainland China is on holiday, leaves Hong Kong to ramp shares even higher
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,...
South Korea promises bold, immediate measures if market volatility execessive
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,...
Explosion reported at Japanese airport
The runway at Miyazaki airport in southwest Japan was closed Wednesday after an explosion was reported, local authorities said. The runway closure has led to the suspension of all Japan Airlines and All Nippon Airways flights to and from the airport, according to the...
Brent crude oil is back near US$74.50
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,...