The EUR/GBP pair advances on Friday but remains shy of the 0.8700 figure after hitting a daily high of 0.8725 earlier during the European session. France’s political turmoil and a stagnating economy in the UK could keep the cross-pair trading within familiar levels of 0.8650-0.8750. Euro steadies as uncertainty in Paris offsets weak UK outlook and dovish BoE expectations…
The major European indices are all closing lower on the day. The biggest decliner was Italy’s FTSE MIB with a fall of -1.74%. Spain’s Ibex was the best performer with only a decline of -0.70%. Below is a summary of the changes for the indices: Europe (Euro Stoxx 50): 5,537.50, -88.10 (-1.57%) Germany (DAX 40): 24,241.47, -369.79 (-1.50%) France…
GBP/USD retreats toward 1.3280 during Friday’s US session, marking a fresh two-month low. The US Dollar (USD) remains firm, supported by increased safe-haven demand amid political uncertainty in Japan and France. The US Dollar Index (DXY) holds near Thursday’s two-month high of 99.56, limiting any rebound of the Cable. Despite rising expectations for further interest rate cuts by the…
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The Euro (EUR) is showing signs of stabilization against the US Dollar (USD) on Friday, pausing a four-day losing streak as the Greenback softens. At the time of writing, EUR/USD trades near 1.1621, up around 0.50% on the day, after dipping to a two-month low on Thursday. Even with the mild rebound, the pair remains on course for its…
The S&P is trading to new lows and 6615.71, and in doing so is dipping just below the 200 hour moving average at 6616.42. Concerned about US and China and now the layoffs/firings of thousands of federal workers. The market has been ignoring the shut down. Add concerns about raising tariffs on China goods and its impact on inflation…
Russia Consumer Price Index (MoM) rose from previous -0.4% to 0.34% in September
The Nobel Peace prize was awarded to Venezuelan opposition leader Maria Corina Machado. The five-member committee reportedly decided to nominate Machado by Oct. 6, according to earlier reports. Some sizeable bets were made late Thursday: Investigation launched: Norwegian officials are probing suspicious Polymarket trades tied to the 2025 Nobel Peace Prize announcement. Suspicious bets: At least three traders placed…
S&P 500 had trouble extending gains, and undershot an important support – only to rebound before the closing bell – respectable on such a risk-off day. What about today‘s opex? S&P 500 is still ranging, and that means I‘m looking for a better than hesitant closing bell action today. Enjoy the opening weakness while it lasts – rotations are…
China’s Commerce Ministry is out with a statement and it doesn’t look like they want a quick deal with the USA: China’s rare earth export control measures are “legitimate” Rare earth export control measures designed to better safeguard world peace and regional stability Rare earth export control measures designed to better fulfill international obligations such as non-proliferation Rare earth…
