The U.K. is about to drop its latest labor market report, and since it’s one of the first major data releases this week, it could steer how the pound trades in the days ahead. Our Event Guide for the September Employment Report hints at softer hiring, the kind of slowdown that could boost expectations for more BOE rate…
It’s going to be kind of a synthetic Sunday today with North America on holiday (although US stock markets will be open) and lack of key events. The focus will remain on the US-China tariff headlines after more soothing words from Trump and other US officials started the “de-escalation trade”. Now the ball is in China’s court although they’ve…
Silver price (XAG/USD) extends its winning streak for the fourth successive session, reaching its all-time high of $51.69 during the Asian hours on Monday. The non-interest-bearing Silver receives support from the increased likelihood of the US Federal Reserve (Fed) further rate cuts by year-end. Consumer confidence in the United States (US) deteriorated slightly in early October, supporting the Fed…
On September 18, Reuters reported that “the Fed’s rate cut announcement opened the door to further policy easing.” However, monetary inflation still persists in the economy, raising doubts about the pace of future policy adjustments and signaling potential turbulence for financial investors in the months ahead. Some investors are now less certain that interest rates will quickly shift downward,…
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US President Donald Trump shared some conciliatory remarks in his post on Truth Social on Sunday, noting that China’s economy “will be fine” and that the US wants to “help China, not hurt it.” Additional quotes Chinese President Xi Jinping is a smart man and a great leader. On meeting with Xi: I think we’re going to be fine…
At Monday open: Shanghai Composite down 2.49% Shenzhen component down 3.86% ChiNext down 4.44% Hong Kong stocks open lower: Hang Seng down 2.5%, tech index down 2.43%. — This in relation to renewed tensions with Trump. Late Friday: Trump announces a 100% tariff on China in addition to current tariffs, but not immediately China responds over the weekend: China:…
Gold price (XAU/USD) extends the rally to around $4,040 during the early Asian session on Monday. The escalating trade tensions between the United States (US) and China provide some support to the precious metal. Traders await signs on when the US government will reopen and release data that will shape Federal Reserve (Fed) policy. The rally in the yellow…
Goldman Sachs said it expects both Washington and Beijing to step back from the brink of a full-blown trade war after President Donald Trump threatened an additional 100% tariff on Chinese imports in response to Beijing’s rare earth export curbs. The bank said the most likely outcome is that both sides de-escalate their most aggressive positions and return to…
New Zealand Business NZ PSI increased to 48.3 in September from previous 47.5
