Market Update – October 30

Stock markets struggled overnight. Mainland China bourses found buyers, but JPN225 and ASX declined, as markets watched developments in the Middle East. Risk sentiment improved during the start of the week as Israel seemed to be moving with more caution than anticipated, which helped to dampen concern about a widening of the conflict. Stock futures

Microsoft Stock Hikes Following Report. Analysts’ Forecast

The tech giant released its report for the first quarter of the 2024 financial year, and investors were pleasantly surprised by the stock’s substantial growth. In contrast, several other tech companies failed to impress market players with their earnings, leading to a decline in US stock indices. Let’s delve into the Microsoft report figures and

Gold (XAU/USD) Outlook Remains Positive, Resistance Holds First Attempt

Gold (XAU/USD) Analysis, Prices, and Charts The outlook for gold remains positive Busy week on the economic calendar. Recommended by Nick Cawley How to Trade Gold The escalation of military action in Gaza continues to boost the price of gold, with the precious metal hitting a fresh five month high on Friday. The ongoing safe

Dollar holds near 150 yen ahead of busy central bank, data-packed week By Reuters

© Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar held steady in cautious trade on Monday and pinned the yen near 150 as traders looked

Pound Sterling remains calm as focus shifts to BoE monetary policy meeting

Share: Pound Sterling trades in a tight range as investors eye BoE monetary policy decision for further action. The BoE is expected to keep interest rates unchanged amid easing labor market conditions and subdued retail demand. Deepening Middle East tensions dent demand for risk-perceived assets. The Pound Sterling (GBP) struggles to find a

North Rhine Westphalia October CPI +3.1% vs +4.2% y/y prior

That’s a notable drop in annual consumer prices for Germany’s industrial state. If paired with the Brandenburg reading from Friday, that could mean we should see a steeper drop than expected for the national reading later today. For some context, you can check this post here. This article was written by Justin Low at www.forexlive.com.

Crude Oil Steadies as Markets Assess Middle East Risks Ahead of the Fed

Crude Oil, WTI, Brent, US Dollar, Gold, FOMC – Talking Points Crude oil might be in for some sideways price action as the Middle East conflict unfolds Haven assets remain desirable amongst the noise and volatility as gold surges The markets appear poised with range trading across many markets Recommended by Daniel McCarthy Get Your

Asia FX muted, dollar steadies with Fed, BOJ meetings in sight By Investing.com

© Reuters. Investing.com– Most Asian currencies moved little on Monday, while the dollar steadied as traders hunkered down before a string of central bank meetings this week, most notably the Federal Reserve and Bank of Japan. Persistent concerns over the Israel-Hamas war remained in play, as Israel launched a large-scale ground assault on Gaza. But