Iran finance minister Ehsan KhandouziThe market went into the weekend fearful that a broader conflict could break out over the weekend if/when Israel launched a broader counter-offensive. That action hasn't taken place, though airstrikes continue in Gaza. Normally,...
ForexLive European FX news wrap: A light retrace of the Friday moves for gold and yields
Headlines:Markets:NZD leads, CHF lags on the dayEuropean equities a little higher; S&P 500 futures up 0.3%US 10-year yields up 7.3 bps to 4.701%Gold down 0.8% to $1,915.09WTI crude up 0.1% to $87.82Bitcoin up 2.8% to $27,737There wasn't much in terms of major...
Nasdaq Composite Technical Analysis – Will this support hold?
Last Friday, the market sold off as the University of Michigan Consumer Sentiment report saw a big miss across the board with the inflation expectations figures spiking back up. This might be a signal that the consumers are indeed weakening, and it could be a bad omen...
MT Tower Elevates the Metaverse Experience – Listed on MEXC Exchange
MT Tower is poised to transform the influencer and social media landscape into a vibrant and immersive wonderland. With a commitment to cutting-edge innovation, MT Tower aims to deliver an unparalleled experience that captivates and delights.A New Era of EngagementMT...
Tentative gains for US futures for now
There's not much going on so far in European morning trade apart from a slight retracement to the Friday moves in gold and bond yields. Major currencies are not much changed while oil is also flattish, with stocks hanging on to tentative gains for now. S&P 500...
Market Update – October 16 – Stocks Sideways, Bonds Drift & Middle East in Focus
Stock markets sold off across Asia, with the JPN225 underperforming and losing more than -2%. US futures are higher, as are European futures, as markets watch efforts to prevent a further escalation and widening of the Israel-Hamas conflict. Asian markets were still...
Yellen: US economy is in a good place
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 top currency diplomat says intervention is an option during excessive FX moves
We will take appropriate action when needed in FX marketIt's just a little verbal pushback but I reckon they might not be too interested to step in right on the dot at 150.00 again the next time around. They may offer a bit more leeway considering that the path of...
Eurozone August trade balance €6.7 billion vs €6.5 billion prior
> Eurozone August trade balance €6.7 billion vs €6.5 billion prior Latest data released by Eurostat - 16 October 2023 <!--> Justin Low Monday, 16/10/2023 | 09:00 GMT-0 16/10/2023 | 09:00 GMT-0 --> <!--> Prior €6.5 billion ADVERTISEMENT - CONTINUE...
BOE’s Pill: We have done a lot on interest rates
Persistent inflation is the key element that we are watchingIf we have a persistent component of inflation, need persistent monetary policy responseNot all wage indicators are pointing the same way right nowThey're not ruling out more rate hikes to follow but that to...
Dollar holds mildly lower on the day
The changes among major currencies are relatively light for now, as traders are still trying to make sense of the overall mood in markets since Friday. There was a rush to safety at the end of last week and that underpinned the dollar but we are seeing a slight...
PepsiCo Stocks Rose after Earnings. But Why Then Analysts Adjusted Their Forecasts?
Sometimes, almost everyone gets in the mood for a Pepsi or McDonald's. You know, such an internal craving for fast food or sugary beverages for no explicable reason. However, these days, people choose healthier food options more frequently. Surprisingly, this shift is...
SNB total sight deposits w.e. 13 October CHF 483.8 bn vs CHF 479.9 bn prior
Domestic sight deposits CHF 474.9 bn vs CHF 469.1 bn priorAs the SNB moves to the sidelines in terms of monetary policy, we're seeing sight deposits also stabilise with the recent rise in the past week moving total sight deposits back to levels seen in August. Here's...
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Gold Technical Analysis – Risk of a big unwind of the Friday’s rally
Last Friday, Gold skyrocketed as we got some defensive positioning into the weekend due to some expectations that Israel could start a ground offensive in Gaza and that could have led Iran to join Hamas with uglier scenarios becoming likely from that point onwards....
China economy expected to have slowed down in Q3 – poll
Q3 GDP seen at 4.4% year-on-year, down from 6.3% in Q2Q3 GDP forecast at 1.0% q/qChina economy to grow 5.0% in 2023 (similar to September poll, in July it was 5.5%)All in all, it points to a gradually softer outlook towards the Chinese economy as domestic demand...
Market fears abate slightly to start the new week
On Friday, it was all about rushing to seek shelter as markets braced for the uncertainty over the weekend that may befall the Israel-Hamas conflict. But as things weren't as bad as feared, we're seeing traders and investors start taking baby steps again to test the...
FX option expiries for 16 October 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0500, which helps to add as a defensive layer to the pair as seen with the bounce on Friday at the figure level. But on a day where trading sentiment is more focused on the risk mood...
Germany September wholesale price index +0.2% vs +0.2% m/m prior
Prior +0.2%In annual terms, wholesale prices were down 4.1% compared to the same month a year ago and that represents the largest year-on-year drop since May 2020. But on the month itself, wholesale prices were up 0.2% compared to August mostly due to a rise in prices...
Russell 2000 Technical Analysis – Watch what happens at this key support
Last Friday, the market sold off as the University of Michigan Consumer Sentiment report saw a big miss across the board with the inflation expectations figures spiking back up. This might be a signal that the consumers are indeed weakening, and it could be a bad omen...