GBP/USD continues Pound rally on Greenback weakness. US consumer sentiment data shows US consumer still fear inflation. Markets have leaned into higher expectations of further outsized Fed cuts. GBP/USD extended the ongoing Pound Sterling rally for … [Continue reading]
BoC’s Macklem: We are looking for continued easing of inflation to 2%
Bank of Canada (BoC) Governor Tiff Macklem noted early Tuesday that the BoC will continue to carefully watch consumer conditions in Canada, reiterating that the BoC's timing and pace of rate cuts will be dependent on data. Key highlights With … [Continue reading]
United States Richmond Fed Manufacturing Index registered at -21, below expectations (-17) in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Pound Sterling strengthens on BoE’s less-dovish rate cut bets
The Pound Sterling moves higher to near 1.3380 against the US Dollar on expectations of BoE’s shallow policy-easing cycle. UK’s overall business activity grew at a slower pace in September, according to a flash estimate. Traders raise Fed 50 bps rate … [Continue reading]
Bullock Speech: RBA Governor is due to hold a press conference after holding interest rate
Reserve Bank of Australia (RBA) Governor Michele Bullock is due to hold a press conference after the central bank maintained the interest rate at 4.35% for the seventh meeting in a row, following its September policy meeting. Bullock will respond to … [Continue reading]
Japan Jibun Bank Services PMI rose from previous 53.7 to 53.9 in September
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Mexican Peso steady after hitting six-day low amid mixed data
Mexican Peso recovers afer fourth days of losses. Mexico’s Economic Activity expanded in July, but Retail Sales contracted for the third consecutive month, fueling Peso weakness. Citibanamex survey shows most economists expect Banxico to cut rates by … [Continue reading]
Bitcoin holds above $62,000 despite mild decrease in ETF inflows
Bitcoin price halts the recent positive movement, holds above key psychological level of $62,000. On-chain data suggest neutral sentiment among BTC’s traders. US spot Bitcoin ETF inflows experienced a slight decline week-on-week. Bitcoin (BTC) halts … [Continue reading]
Gold holds gains on bets of more Fed rate cuts, Middle East tensions
Gold is continuing its uptrend as markets continue to price in more interest rate cuts from the Fed. Such cuts would make Gold, a non-yielding asset, more attractive. Rising tensions between Israel and Lebanon push up haven demand for the … [Continue reading]
Gold price jumps to fresh record highs as geopolitical risks boost safe-haven flows
Gold price trades in positive territory in Monday’s early European session. The US Fed rate cut and Middle East geopolitical risks continue to underpin the precious metal. The renewed US Dollar demand might cap the upside of the … [Continue reading]