Share: Investors face fresh uncertainties. Heightened geopolitical risks underline the merits of diversification, economists at UBS report. Oil and Gold assets will also be supported by market fundamentals Gold closed at a one-month high of $1,981 an ounce on 20 October, and is up around 8.7% over the past two weeks. Brent rose
Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Nikkei 225, S&P 500 Analysis and Charts Nasdaq 100 holds key support The index rallied off the 14,500 level for the second time in a month, in an echo of September’s price action.Now the bulls need to get the price back above 14,800 on a
The sell off in Treasuries abated in the later part of Monday as low prices attracted buyers. Stock markets are also looking somewhat more stable and most Chinese stock gauges improved after the country’s sovereign wealth fund bought exchange traded funds to boost prices. Stock futures are higher across Europe and the US, although the
We are watching the developments very closely They are bound to have economic implications for us to some extent Don’t want to jump to conclusions on extent of impact on economies, monetary policy He’s not wrong but at the same time, the ECB is merely just trying to buy itself as much time as possible
UK Jobs Data Recovers Slightly UK unemployment data continued the decline, revealing an additional 20.4k persons claiming unemployment benefits in contrast to consensus expectations of 2.3k. The unemployment rate for August measured 4.2%, a slight drop from estimates and the prior print of 4.3%. Customize and filter live economic data via our DailyFX economic calendar
2/2 © Reuters. FILE PHOTO: A teller counts Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia, October 14, 2022. REUTERS/Willy Kurniawan/File Photo 2/2 By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar was still “safe” for Southeast Asia’s
Share: Focus back on the Euro. Economists at Commerzbank analyze the single currency outlook. Euro might suffer a dampener if Eurozone PMIs do not stabilise The Eurozone PMIs, due for publication today, are likely to further dampen any hopes of an economic recovery. The indicators are likely to confirm the projections of our
GOLD, XAU/USD, US Dollar, 10-Year Treasury Yield, Ackman, Gross, BTC – Talking Points Gold has struggled despite a softening in the US Dollar Treasury yields might have peaked if the big guns are to be believed If gold can’t rally on a weaker USD, will it mean revert? Recommended by Daniel McCarthy Get Your Free
There are a couple to take note of for the day, as highlighted in bold. They are both for USD/JPY at the 149.50 level and the 150.00 mark. As such, the expiries should help to limit price action in between those levels so long as bond yields also keep steadier on the day. The risk
Bitcoin, BTC/USD, Ethereum, ETH/USD – Outlook: Bitcoin and Ethereum have cleared above minor resistance. Important for BTC/USD and ETH/USD to sustain gains if the rebound is for real. What is the outlook and what are the key levels to watch? Elevate your trading skills and gain a competitive edge in trading cryptocurrencies. Download the free
