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]
TRY: CBT to keep rate high at 50% – Commerzbank
While Turkey’s central bank (CBT) removed sentences about additional tightening in its last monthly statement, and even introduced hints about monetary easing in the medium-term, the CB maintained its hawkish bias for the short-term, and is watchful … [Continue reading]
Australian Dollar remains stronger due to solid employment report, awaits US Retail Sales
The Australian Dollar receives support following the release of the Aussie labor figures on Thursday. Australia’s Employment Change increased by 64.1K in September, bringing the total employment to a record 14.52 million. Traders anticipate the US … [Continue reading]
Australian Dollar gains ground following solid employment data
The Australian Dollar receives support following the release of the Aussie labor figures on Thursday. Australia’s Employment Change increased by 64.1K in September, bringing the total employment to a record 14.52 million. Traders anticipate the US … [Continue reading]
Australian unemployment rate set to steady in September, hiring pace set to slow
The Australian Unemployment Rate is foreseen stable at 4.2% in September. Employment Change is expected at 25K, focus will be on the details. AUD/USD is technically bearish, so any data-inspired spike may attract sellers. The Australian Bureau … [Continue reading]
Mexican Peso slides on buoyant US Dollar, risk aversion
Mexican Peso weakened as US Dollar gains despite falling US yields. IMF downgrades Mexico's 2024 GDP growth outlook, citing capacity constraints and tight monetary policy. US import prices fell sharply in September, while Fed’s Bostic remains … [Continue reading]
EUR/USD Price Forecast: Corrective advance likely to attract more sellers
EUR/USD Current price: 1.0897 The poor performance of Asian and European indexes help the US Dollar. ECB President Christine Lagarde is due to speak during US trading hours. EUR/USD retains its bearish tone, a near-term upward correction possible. … [Continue reading]
Italy Consumer Price Index (YoY) in line with expectations (0.7%) 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]
Japanese Yen struggles to gain any meaningful traction, not out of the woods yet
The Japanese Yen attracts some haven flows, though it lacks bullish conviction. The BoJ rate-hike uncertainty and disappointing data cap the upside for the JPY. Smaller Fed rate cut bets underpin the USD and offer some support to USD/JPY. The … [Continue reading]
South Korea Unemployment Rate up to 2.5% in September from previous 2.4%
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]