Stock markets moved higher overnight, as jitters over the Israel-Hamas war continued to ease and traders trimmed expectations for further rate hikes in the US. There were also reports of further and more comprehensive stimulus measures for China, although while the...
Fed’s Bowman: Interest rates may need to rise further
Inflation remains well above the FOMC's 2% targetJob market remains tightThis suggest policy rate may need to rise furtherAnd stay restrictive for some time to return inflation back to target goalThe headline is mainly to keep the option on the table but unless we get...
Eurozone consumers still see inflation higher for longer
Inflation in the next 12 months seen at 3.5% (previously 3.4%)Inflation for 3 years ahead seen at 2.5% (previously 2.4%)That's not reassuring as households/consumers are seemingly not convinced that the central bank can return inflation back to the 2% mark by...
Treasury yields dip further as Middle East tensions linger
US Treasury 10-year yields (%) 5 mins chartIt's a notable drop in the last ten minutes or so as there is a headline saying that two missiles have been fired from Lebanon towards Israel, as reported by local state media NNA. Besides that, I'm not seeing anything else...
FX option expiries for 11 October 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to be influenced by broader market developments. And in today's (and tomorrow's) case, it will center around US economic data releases. We will get PPI data later and...
A more tentative mood greets European traders today
Major currencies are little changed and the overall mood in the equities space is more tepid at best to start the session. European indices posted very strong gains in trading yesterday but are checked back slightly today, not helped by a fall in French stocks after...
WTI Crude Oil Technical Analysis – Watch for these signs for the next direction
Crude Oil eventually sold off from the $94 resistance as the demand side might have come into question due to elevated prices amid tighter monetary conditions, rising US Dollar and global yields, and falling equity prices. Crude Oil opened higher on Monday due to the...
NZDUSD Technical Analysis – Watch this key support
US:The Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike...
Germany September final CPI +4.5% vs +4.5% y/y prelim
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,...
Dollar feeling toppish?
It's not exactly promising for the dollar as risk trades are showing much more mettle so far this week, building on the rebound from late Monday. Treasuries had some catching up to do but ended up more bid, with 10-year yields dipping back to around 4.64% after...
Consultations ongoing on establishing a Humanitarian Corridor between Gaza Strip and Egypt
I know, not FX. But 28 of my posts today have been, so this is 1 on world events more broadly. The news crossing that consultations are still ongoing between the United States, Israel, and Egypt on establishing a Humanitarian Corridor between the Gaza Strip and...
ForexLive Asia-Pacific FX news wrap: Little net change for major FX rates, awaiting US PPI
China property developer Country Garden likely to formally default on $15mn coupon paymentFOMC minutes due Wednesday. Fed speakers too, including Bowman, Waller, Bostic, Collins.London's Luton Airport suspended all flights due to fire that partially collapsed car...
China property developer Country Garden likely to formally default on $15mn coupon payment
The word out of China is that troubled developer Country Garden is likely to formally default on a $15 mln coupon payment due on offshore debt:the payment is due on Tuesday 17 October at the conclusion of the 30-day grace periodWhile China's economy is showing signs...
FOMC minutes due Wednesday. Fed speakers too, including Bowman, Waller, Bostic, Collins.
The big event apart from any of this is the September PPI figures:Check out that post for the range of estimates for PPI and have your finger on the mouse button if it's a blow-out!--The times listed below are in GMT / US Eastern time order:08:15 / 04:15 Federal...
London’s Luton Airport suspended all flights due to fire that partially collapsed car park
An update on the fire in London. London's Luton Airport has suspended all flightsHas asked passengers not to travel theresuspended all flights until 12pm on Wednesday 11th OctoberThis comes after a "significant fire" in a car park caused the structure to partially...
ECB’s Knot speaking Wednesday on financial stability
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,...
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GM, Canadian union reach tentative agreement, ending strike
Reuters with the report on an agreement between Canadian Unifor union and General Motors::tentative agreement reached about 12 hours after 4,300 workers went on strike at three GM facilitiesunion said the tentative agreement follows the pattern agreement Unifor...
More from RBA’s Kent: If we were to sell bonds, we’d do it in a way not to disturb markets
Christopher Kent, Assistant Governor (Financial Markets) at the Reserve Bank of Australia Q&A Have the opportunity to see how economy reacts to past hikesNo current plans to step up the pace of bond holdingsIf we were to sell bonds, would do it in a way that would...
China will hold 3rd Belt and Road Forum on October 17th-18th, CCP Chair Xi keynote speech
China will hold the third Belt and Road Forum for International Cooperation in Beijing from October 17 to 18. Chinese Communist Party Chairman Xi Jinping will attend the forum's opening ceremony and deliver a keynote speech. will also host a welcome banquet and...