Market Update – October 5 – Markets try to take a breather, oil slumps
Rebounding from some pivotal, psychological levels, the vast majority of world equity indices rose yesterday, helped by a decrease in yields. Buying in the US intensified in the last minutes…
Read More »EURJPY: Euro Weakness and Yen Powerlessness
The US Dollar is weaker, after the ADP employment data report lowered the odds of the Fed raising interest rates later in the year. This favoured the Japanese Yen temporarily,…
Read More »Forexlive Americas FX news wrap 6 Oct. Stronger nonfarm payroll shrugged off by the market
US major indices close higher for the day. S&P snaps four week losing streak WTI crude futures settle at $82.79 UAW Pres Fain: UAW strike is working but not there…
Read More »ECB speaker for Friday, 6 October 2023 is Cyprus Central Bank Governor Herodotou
Cyprus Central Bank Governor Constantinos Herodotou will be speaking Friday. He is a member of the ECB Governing Council, and will be speaking at the Limassol Economic Forum. His is…
Read More »Market Update – October 3 – Risk off bites across asset classes
Starting with APAC, the RBA has just unsurprisingly kept rates steady in Governor Bullock’s inaugural meeting with the statement largely a carbon copy from the Lowe era (”inflation is coming…
Read More »Events to Look Out for Next Week
Next week’s calendar includes two Central Bank announcements (the RBA and RBNZ), however the crucial events of the week are the Nonfarm Payrolls and the possibility of a government shutdown….
Read More »ECB’s Vujcic says eurozone inflation has most likely peaked
Boris Vujčić is Governor of the Croatian National Bank and thus an European Central Bank Governing Council member. He spoke to bgg TV. Snippet: Eurozone economy is basically stagnating Inflation…
Read More »EUR/USD Up After Fed Hike but Skating on Thin Ice, ECB Guidance Key to Outlook
The upcoming European Central Bank monetary policy announcement and guidance will play a crucial role in shaping the near-term directional bias of EUR/USD.
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