Australia’s Unemployment Rate climbed to 4.5% in September from 4.3% in August (revised from 4.2%), according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus … [Continue reading]
Dow Jones Industrial Average holds onto recovery levels as investors focus on earnings
The Dow Jones Industrial Average (DJIA) found room on the high side on Wednesday, climbing into a second day of recovery flows and testing territory north of 46,600 before settling back to flat for the day. Another round of Wall Street earnings … [Continue reading]
GBP/USD climbs as Bessent softens US stance, Powell’s dovish tilt
The Pound Sterling recovers some ground, advances 0.60% on Wednesday during the North American session as Sino-US tensions eased on comments of US Treasury Secretary Scott Bessent. The GBP/USD trades at 1.3396 after bouncing off daily lows of … [Continue reading]
WTI steadies near $58 as supply glut fears, US-China trade tensions weigh
West Texas Intermediate (WTI) US Oil trades around $58.30 on Wednesday, up 0.30% at the time of writing, after regaining some lost ground. However, the commodity remains on the defensive, pressured by escalating trade tensions between the United … [Continue reading]
FX option expiries for Oct 15 NY cut
FX option expiries for Oct 15 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1450 1.1b1.1600 4.1b1.1760 1.1b1.1800 2.3b1.1825 1.2bGBP/USD: GBP amounts1.3500 823mUSD/JPY: USD … [Continue reading]
NZD/USD holds positive ground above 0.5700 as China’s deflation eases in September
The NZD/USD pair gains ground near 0.5720 during the Asian trading hours on Wednesday. Nonetheless, softer-than-expected Chinese consumer prices and rising trade tensions between the United States and China might cap the upside for the China-proxy … [Continue reading]
Trump ups the ante on anti-trade warnings against China
US President Donald Trump lashed out at China over its recent protectionist trade policies, threatening additional targeted trade restrictions if China goes ahead with imposing fresh rare earth mineral export controls and additional port fees for … [Continue reading]
USD/JPY drops as Powell flags monetary risks, trade frictions boost Yen
USD/JPY drops 0.30% on Tuesday to around 151.80 at the time of writing, in a cautious environment dominated by renewed US-China trade frictions. News that both countries are increasing port fees on cargo shipments has reignited fears of a deeper … [Continue reading]
Canada Building Permits (MoM) came in at -1.2% below forecasts (-0.1%) in August
Gold reverses an intraday slide and holds steady above $4,100, although it remains below the all-time peak touched near $4,180 earlier this Tuesday. Gold draws support from safe-haven buying amid trade and geopolitical uncertainties ahead … [Continue reading]
WTI Oil drops to the $58.00 area as global trade fears resurface
The US benchmark West Texas Intermediate Oil has lost nearly $1 per barrel on Tuesday, retreating to levels near $58.00, right above the five-month lows of $57.90 hit last week, hammered by growing trade tensions between the US and China.The world’s … [Continue reading]