Dow Jones Industrial Average grapples with shaky consumer sentiment
The Dow Jones Industrial Average (DJIA) took another leg lower on Friday, testing below the 46,800 level for the first time in almost three weeks before barely managing to squeeze…
Read More »Fed’s Miran: ADP data was a welcome surprise
Federal Reserve Governor Stephen Miran speaks about the job market and the monetary policy for Yahoo Finance on Wednesday. He said that the ADP data was a welcome surprise and…
Read More »US MBA mortgage applications w.e. 31 October -1.9% vs +7.1% prior
Market index 332.3 vs 338.7 prior Purchase index 163.3 vs 164.3 prior Refinance index 1290.8 vs 1327.8 prior 30-year mortgage rate 6.31% vs 6.30% prior This is never a market…
Read More »NZD rebounds after wobbly start on soft labor data – BBH
New Zealand Dollar (NZD) recovered after soft Q3 labor data signaled weakening employment, with markets fully pricing in a November RBNZ rate cut, BBH FX analysts report.
Read More »EUR: The pain trade continues – ING
EUR/USD continues to grind lower as it has for the last week. Rate differentials have not moved much at all this week and in fact have been mildly supportive for…
Read More »Australian Dollar rebounds as China lifts tariffs on US agricultural goods
Australian Dollar (AUD) edges higher against the US Dollar (USD) on Wednesday, after recovering its daily losses. The AUD/USD pair gains ground after China’s Finance Ministry announced that it will…
Read More »investingLive Asia-Pacific FX news wrap: Equity market bloodbath here
China will suspend 24% US tariffs for a year from November 10, to maintain 10% US tariffs ICYMI: Trump administration reportedly considers Venezuela strikes, oil-field seizures North Korea may be…
Read More »Japan final manufacturing PMI for October 48.2 (down from 48.5 in September)
Japan’s manufacturing sector contracted at its sharpest pace in 19 months in October, as weakening global demand and sector-specific slowdowns in autos and semiconductors weighed heavily on output, a private…
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