Oil set for third weekly decline as Middle East conflict concerns ebbFULL STORYOil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert...
European Session opening comment from @Capital_Edge_
Morning thoughts from Capital Edge's Arno Venter (be sure to check out his Discord Channel)In terms of Powell’s comments, I have seen a lot of takes on his comments with the majority saying Powell was ‘very hawkish’, ‘overly hawkish’ or ‘more hawkish than expected’. I...
USDCAD Technical Analysis: Key levels to watch
USThe Fed left interest rates unchanged as expected with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The recent US Core PCE came in line with...
UK Industrial Production (YoY) (Sep) $GBP Actual: 1.5% Expected: 1.1% Previous: 1.5%
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,...
United Kingdom GDP (YoY) (Q3) $GBP Actual: 0.6% Expected: 0.5% Previous: 0.6%
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,...
Country Garden aims to have offshore debt restructuring plan by year end
Country Garden aims to have offshore debt restructuring plan by year endFULL STORYChina's embattled Country Garden is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year, two sources with direct knowledge of the matter...
Key EUR/USD, USD/JPY, AUD/USD (and more) FX option expiries for Friday, 10 November
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 officials Logan and Bostic speak on markets, mobility on Friday
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China’s banks in urgent need of short-term funds are paying high overnight rates
Banks in China have accelerated their borrowing of short-term funds, with some, reports Bloomberg, having to pay a 50% overnight rate last week.The Bloomberg report is gated, but in brief:fears of a cash crunch still loomauthorities sought to calm traders after a...
US CEA’s Bernstein sees steady, stable economic growth, wary of higher rates headwinds
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New Zealand still negotiating to form a government – caretaker govmt will remain for now
New Zealand PM Hipkins and Christopher Luxon have agreed the Governor General will be advised to extend current caretaker government arrangements until the new government is formedNew Zealand is inching closer towards forming a government after the election back on...
ForexLive Asia-Pacific FX news wrap: RBA statement revises inflation forecasts higher
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US markets will remain open on (observed) Veterans Day
November 11 is the Veterans Day federal holiday in the US. There will wide observance of the holiday on Friday November 10, but not for US markets. US stock markets, including the New York Stock Exchange and the Nasdaq, will be open for business as usual on Friday.The...
China’s Central Bank Governor is closely watching debt risks in various sectors
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China’s robust vehicle sales surge, NEV market shines
Vehicle sales in China continue to perform strongly. October vehicle sales were up 13.8% y/y (from September's +9.5%)YTD (January - October) vehicle sales were up 9.1% y/y (from January - September +4.6%)New Energy Vehicles (NEV) sales knocked it out of the park with...
Nvidia set to launch sanctions-busting AI chips to the Chinese market
Media reports citing chip industry newsletter SemiAnalysis are of Nvidia planning to release three new artificial intelligence chips aimed at the Chinese market:the Nvidia chips are called the HGX H20, L20 PCIe and L2 PCIeNvidia could announce them on as early as...
PBOC adviser says China’s economy will beat pessimism and grow over 5%
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EU, US, and UAE lead global coalition to phase out coal and triple renewable energy
The European Union, United States and United Arab Emirates have hammered out an agreement to shift away from coal, triple renewable energy this decade. More than 60 countries have said they will join the pledge:, including:major emerging economies like Nigeria, South...
European Central Bank big guns Lagarde and Nagel speak Friday
A couple of European Central Bank superstars are on the speaker circuit on Friday, Lagarde and Nagel. 1230 GMT / 0730 US Eastern time: 'Fireside chat' between ECB President Christine Lagarde and Martin Wolf at Financial Times' Global Boardroom 2023 in London, UK1520...
PBOC sets USD/ CNY reference rate for today at 7.1771 (vs. estimate at 7.2963)
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