Share: Country Garden Holdings, China's largest private property developer, is hours away from defaulting on its $11 billion in offshore debt, yet to make a coupon payment to bond holders due on Wednesday, according to Reuters.Country Garden's … [Continue reading]
Forex Today: Dollar slides despite upbeat US data
Share: During the Asian session, the key highlight will be the release of Chinese economic data, including GDP figures. Additionally, RBA Bullock is scheduled to participate in a panel discussion. During European trading hours, the focus will shift … [Continue reading]
Fed’s Barkin: I believe we have a restrictive policy stance
Share: When asked if he will vote in favor of holding policy rate unchanged at the next meeting, "policymakers will have a good debate," Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday. Key takeaways "Recent inflation report … [Continue reading]
TRON surpasses 190 million accounts while TVL extends uptrend
Share: TRON surpasses 190 million user accounts, demonstrating growth in its user base. TRX's dwindling supply and stable price suggest upside potential. TRON's strong TVL, which is on an uptrend, indicates an optimistic medium to long term outlook … [Continue reading]
Australian Dollar oscillates around a major level, expects US Retail Sales to ease
Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia's Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US … [Continue reading]
WTI loses ground below $85.00, expects US-Venezuela Oil deal amid Middle East conflict
Share: Crude oil prices continue the losses after news on the US-Venezuela Oil deal. US could sign a pact with the Venezuelan government involving easing sanctions on its oil industry. Traders appear to be adopting a wait-and-see approach; seeking … [Continue reading]
US equities catch a ride up on Monday, S&P 500 taps $4,380
Share: US stock indexes caught some lift on Monday, rising on improving risk appetite. US earnings season is underway, and investors are looking for solid expectation beats. Stock traders are looking for an extended rebound in stock prices. The … [Continue reading]
GBP/JPY testing up into 182.50 in Monday relief bid for Pound Sterling
Share: The GBP/JPY is catching a Monday bid, rebounding from last week's dip. It's a heavy week on the economic calendar for the Pound Sterling, with wages, inflation, and Retail Sales inbound. Dovish comments from BoE officials are capping … [Continue reading]
The longer the Israeli-Hamas conflict goes on, the greater the potential for Oil market disruptions – NBF
Share: Economists at the National Bank of Canada analyze the geopolitical and market risks of a prolonged Israeli-Hamas conflict. Brewing tensions could further strain an already tight Oil market The longer the conflict goes on, the greater the … [Continue reading]
European Monetary Union Trade Balance n.s.a. rose from previous €6.5B to €6.7B in August
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]