The US Dollar gains further after former NY Fed President Dudley commented on Fed rate cut path. Reports are coming in from explosions being heard in Beirut. The US Dollar Index tests the upper band of its September range for a potential … [Continue reading]
Gold stuck in a range after collapse of aggressive Fed bets, haven demand underpins
Gold oscillates in a tight range after bets fade that the Fed will continue slashing interest rates aggressively. Support for Gold comes from increasing geopolitical risks and lower interest rates globally. Technically, XAU/USD begins a leg … [Continue reading]
EUR/USD touches three-week low, around 1.1030 amid stronger USD
EUR/USD continues to lose ground for the fifth straight day amid sustained USD buying interest. Diminishing odds for an aggressive Fed policy easing and geopolitical risks underpin the buck. Bets that the ECB will cut rates in October weigh on the … [Continue reading]
Japan Jibun Bank Services PMI below expectations (53.9) in September: Actual (53.1)
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]
Ethereum could bounce off $2,395 support as investors buy the dip
Ethereum ETF sees $48.6 million in outflows amid growing Middle East war. Ethereum exchange net outflow suggests investors may be buying the dip. Ethereum could bounce off the $2,395 support level as funding rates have remained largely positive. … [Continue reading]
China: Lift to GDP forecast after leaders draw line in the sand – Danske Bank
Following the big stimulus and clear growth message from Chinese leaders, we revise up our China growth forecast in 2025 from 4.8% to 5.2%. For 2024 we keep our 4.8% forecast, Danske Bank’s analyst Allan von Mehren notes. All clear to go for growth … [Continue reading]
NZD: Peering around corners – Rabobank
In view of expectations that further rate cuts are on the cards from the Fed, the ECB and various other G10 central banks during Q4, the impact of RBNZ policy easing on the NZD crosses will likely be offset, Rabobank’s FX strategist Jane Foley notes. … [Continue reading]
EUR/JPY Price Forecast: Bearish outlook remains intact below 159.00
EUR/JPY weakens to near 158.80 in Wednesday’s early European session, down 0.06% on the day. The negative outlook of the cross prevails, with the bearish RSI indicator. The immediate resistance level emerges at 161.80; the first support … [Continue reading]
Japanese Yen edges lower due to rising confusion over BoJ policy outlook
The Japanese Yen loses ground as the BoJ’s Summary of Opinions signals its intention to maintain an accommodative monetary stance. The JPY struggled as Japan's upcoming PM Ishiba stated the need to maintain low rates to help economic recovery. The US … [Continue reading]
Dow Jones Industrial Average shudders as Middle East escalation continues
The Dow Jones shed over 300 points on Tuesday, with geopolitical tensions on the rise. Equities are slowly bouncing back but remain mired in the low side. Meager US ISM data did little to provide support for investors. The Dow Jones Industrial … [Continue reading]