Fundamental OverviewIt looks like the market is taking some breather after an incredible rally in the US Dollar. This week was pretty empty on the data front, and we haven’t got any meaningful catalyst. The main culprit for the US Dollar strength has been the rally in...
Eurozone September M3 money supply +3.2% vs +3.0% y/y expected
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Germany October Ifo business climate index 86.5 vs 85.6 expected
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USDJPY Technical Analysis – Key levels in play
Fundamental OverviewIt looks like the market is taking some breather after an incredible rally in the USDJPY pair. This week was pretty empty on the data front, and we haven’t got any meaningful catalyst. The main culprit for the US Dollar strength has been the rally...
European indices open little changed to start the day
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France October consumer confidence 94 vs 94 expected
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ECB’s Kazaks says doesn’t see a case for rates to fall below neutral
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AUD/USD on the edge as key support levels come into focus
The changes are light in the new day but the antipodeans are slightly lagging in the major currencies space. It's not so much the dollar but perhaps some light softness in the yuan is also weighing. In any case, it is bringing into focus some key technical levels for...
ForexLive Asia-Pacific FX news wrap: Tokyo inflation under 2% for the first time in 5 mths
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Many Chinese banks have cut mortgage rates today (cuts were announced earlier this month)
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Federal Reserve Bank of Boston President Susan Collins speaking on Friday
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US Vice President Kamala Harris will not appear on Joe Rogan’s program
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Bank of Canada Governor Tiff Macklem speaks on Friday – Q&A
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Japan’s economy minister says the weak yen has various impacts on the economy
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PBOC conducts a 1 year MLF for 700bn yuan, rate unchanged at 2%
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PBOC sets USD/ CNY reference rate for today at 7.1090 (vs. estimate at 7.1087)
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WSJ: Elon Musk has secretly been in regular contact with Russia’s Putin since late 2022
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Post US election relief rally for stocks is coming (Citi)
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Wall Street Journal poll puts Trump ahead of Harris, 47 to 45
The Wall Street Journal reports its latest national survey, finding that Trump is leading Harris by 2 percentage points, 47% to 45%. The journal caveats with: within the polls’ margins of error, meaning that either candidate could actually be aheadI haven't seen many...