After the BOE surprised markets with a dovish voting split, all eyes are on the UK’s October labor data. Traders will want to see if this week’s report seals the deal for a December rate cut. Planning on trading this week’s data release? Here are points you need to know first! This Article Is For Premium Members…
Gold jumping higher in price again. Thee is no fresh news apart from what has been posted. A popular narrative was a flow into gold helped along by the uncertainty surrounding the US government shut down. Now that it appears to be over the flow is still into gold. Narratives are often after the fact affairs LOL. This article…
The Bank of Japan (BoJ) published the Summary of Opinions from the October monetary policy meeting, with the key findings noted below. Key quotes One member emphasized checking initial momentum toward next year’s wage talks as firms firm up plans after US tariffs set at 15%. Future policy decision key to whether firms maintain positive wage-setting behaviour. Uncertainty remains…
Reserve Bank of Australia Deputy Governor Hauser Don’t think its mad to think future rate cuts would be coming There are different views you can take about rate outlook Earlier: RBA’s Hauser says getting inflation down will require policy to be restrictive This article was written by Eamonn Sheridan at investinglive.com.
S&P 500 performed exactly as called – flush and then rebound – fine enough one to create FOMO in some on Monday.
Senators returned to Capitol Hill for an unusual Sunday session as efforts intensified to bring an end to the 40-day government shutdown. While no formal votes were initially scheduled, Senate Majority Leader John Thune told reporters that “we plan to vote today” on a funding proposal intended to reopen parts of the government. The Senate released three draft spending…
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday, snapping a six-day losing streak after stronger-than-expected labor market data signaled resilience in Canada’s economy. At the time of writing, USD/CAD is trading around 1.4064, down nearly 0.35% on the day. According to Statistics Canada, the economy added 66.6K jobs in October, sharply beating expectations for a…
A tough week in US stock markets is getting tougher by the minutes. The S&P 500 is at the lows of the day, down 1.1% to 6646. That’s the loweset since Oct 17 as the late-October low is cracked and more stops are hit. The index is down 2.8% on the week compared to the Nasdaq down 4.6%. The…
GBP/USD clings to minimal gains on Friday amid the lack of economic data releases in the UK, as markets digest scarce economic data amid the ongoing US government shutdown. The pair trades at 1.3148, up 0.10% after hitting a daily low of 1.3095. Sterling edges higher as Dollar steadies; weak US sentiment data and Fed comments cap market optimism…
The EURUSD started the US session with the price higher and just above the broken 200 hour MA near 1.15525. Buyers on the dip in the early trading, defended that level and that has led to increased upside momentum with new highs for the week. The price has also moved to the next key target area defined by the…
