US TV show "60 Minutes" will air a primetime election special on Monday, October 7, at 8 p.m. US Eastern time. For over 50 years, the program has offered both Democratic and Republican candidates the opportunity to appear as Americans prepare to cast their votes.This...
Here is another forecast for a 50bp interest rate cut from the RBNZ next week
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US east coast port strikes haven’t had any direct impact on the West Coast, eg. Port of LA
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UBS forecast gold to USD2900
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Oil – private survey of inventory shows a headline crude oil draw
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China is on holidays – Goldman Sachs take the opportunity to shrug off all the stimulus
Via a Goldman Sachs note, analysts there say all the excitement over Chinese stimulus measures is a tad misplaced, they only expect a 40bp boost to GDP. There is no doubting the impact on sentiment, Chinese equities exploded higher right through until the holidays...
Forexlive Americas FX news wrap: Iran hits Israel with missile attack
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Major US indices close sharply lower as geopolitical concerns weigh
The major US stock indices are closing sharply lower as geopolitical concerns weigh on the market sentiment. Iran's missile attack on Israel seemed to be a choreographed theatrical performance but was real and that often leads to a knee-jerk reaction to the...
Economic calendar in Asia Wednesday, October 2, 2024 – Fed speakers, lower tier data
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Trade ideas thread – Wednesday, 2 October, insightful charts, technical analysis, ideas
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FX risk trades continue to recover
There are post-attack highs ongoing in cable, the euro and commodity currencies. There is less enthusiasm in stocks, with the S&P 500 stalled and still down 38 points. The market is steadily recovering after the attacks and so far the market is...
Stocks stop falling as the bombs stop falling
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Israel says it will respond to Iranian attacks immiently
An Israel Defense Force spokesman says that the Air Force will carry out “powerful airstrikes” tonight, throughout the Middle EastI'd be careful with this for now as some of the reports say decisions about such attacks will be taken tonight. Lending credence to the...
Crude oil futures settles at $69.83
Crude oil futures are settling at $69.83. That's up $1.66 or 2.44%. The high price extended to $71.91. The low price that $66.36.Iran launched missiles at Israel, raising fears of a wider Middle East conflict. Israel intercepted most of the missiles, easing immediate...
Risk trades bounce as the dust settles in Israel
AUD/USD 10 minsThe arrow highlights when the first reports of Iran attacks hit and now AUD/USD has recouped a bit more than half of the drop. There are no reports of casualties in Israel following the attacks, though information is limited.For now, the market is...
IDF spokesperson: We will respond to Iranian missiles at the appropriate time and place
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Now we wait for the Israel response
WTI crude is up 5% and flirting with the highest levels in a month after Iranian strikes on Israel. So far there are no reports of casualties (though it's early) and it appears Iran is done. However there are many videos circulating online of the missiles striking...
GBPUSD moves down to test its rising 100 bar moving average on 4-hour chart
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Iran says its response to Israel has been carried out
Iran's mission to the UN has posted a statement. It's similar to the one posted after the April attack and appears to be aimed at de-escalation:Iran’s legal, rational, and legitimate response to the terrorist acts of the Zionist regime—which involved targeting Iranian...
A second round of Iranian missiles is on the way
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