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,...
Kickstart the FX trading day w/a technical look at the EURUSD, USDJPY & GBPUSD
The kickstart video for October 2, takes a technical look at the EURUSD, USDJPY and GBPUSD. The ADP jobs report came in stronger than expected and that has the USD moving a touch although the EURUSD and GBPUSD is consolidating and looking for the next shove. The...
Q3 Tesla deliveries 463K vs 462K expected. Shares dip
The analysts consensus for Q3 deliveries was 463,310 but the whisper number was 472K based on VIN numbers. Tesla reported deliveries of 443,956 and production of 410,831 for Q2.The likely bigger market mover for Tesla will be the robotaxi event on October 10 and...
US dollar firms after upbeat employment data
USD/JPY rose to the best levels of the day after the US ADP employment report beat estimates. Jobs rose by 143K in the month of September compared to 120K expected.USD/JPY broke 145 on the report and is now up 162 pip to 145.18. The broader moves are coming on both...
ADP September employment +143K vs +120K expected
ADP employmentPrior was +99K (revised to +103K)Annual pay growth for job-stayers 4.7% vs 4.8% priorJob-changers' pay gains 6.6% vs 7.3% priorServices +101K vs +72K priorGoods +42K vs +27K priorThere was strength in construction, education and...
Forexlive European FX news wrap 2 Oct
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,...
Today’s Fed Speaker Schedule via @Newsquawk
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,...
UK Financial System Faces Growing Concerns Amid Global Economic Downturn Fears
Full Story on PiQ SuiteWorries about risks to the UK financial system posed by a global economic downturn have risen sharply to their highest level since the second half of 2019, a Bank of England (BOE) survey showed on Wednesday.The Bank's twice-yearly systemic risk...
United States MBA 30-Year Mortgage Rate – Actual: 6.14% Previous: 6.13%
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 PM Ishiba: Not in an environment for additional rate hike
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,...
OPEC+ Panel Meeting: No Surprise, Gradual Output Increase Expected
Full Story on PiQ SuiteOPEC+ set to keep output policy unchanged at panel meetingAn OPEC+ ministerial panel scheduled to meet on Wednesday is unlikely to recommend any changes to policy, allowing the group to start gradually increasing production from December, two...
US Futures Lower, Dollar Retreats – @Newsquawk Market Update
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,...
AUDUSD Technical Analysis – Some consolidation ahead of the NFP report
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...
Bank of England warns of global asset price risks
Full Story on PiQ SuiteGlobal asset prices remain stretched and are vulnerable to a big fall as investors grow more concerned about geopolitical risks, the Bank of England said on Wednesday.The BoE said overall risks to British financial stability were unchanged...
ECB’s Lane – “Expectations and Monetary Policy”
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,...
Eurozone unemployment rate 6.4% vs 6.4% expected
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 Central Bank Caution on Rate Hikes Amid Global Uncertainties
Full Story on PiQ SuiteJapan's central bank must be vigilant to fallout from unstable markets and global uncertainties, Bank of Japan Governor Kazuo Ueda said on Wednesday, sharpening the focus on the need to bolster economic recovery and for caution on raising...
Euro Dips on Fears of ECB Rate Cut Amid Middle East Tensions
Full Story on PiQ SuiteThe dollar held onto its biggest gains in a week on Wednesday after an Iranian missile attack on Israel drove the buying of safe haven assets as investors fretted about the widening of conflict in the Middle East.The euro was little changed...
Japan’s Vision for an Asian NATO Sparks Regional Debate
Full Story on PiQ SuiteThe idea of an "Asian NATO" floated by Japan's new prime minister is one to consider in the mid- to long-term but not imminent, the new foreign minister, Takeshi Iwaya, said on Wednesday.Asian nations have expressed skepticism and reticence in...
Saudi minister warns of oil price drop to $50 amid OPEC+ production struggles
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...