It’s been quite a while since geopolitics, or in this case an outright war, in the Middle East stole the spotlight in markets. But that is the case today as the world is honed in on the Hamas attacks on Israel on Saturday. That is seeing markets adopt a more risk-off approach today with the
Mon: EZ Sentix Index (Oct) Tue: Nil Wed: EIA STEO, US PPI (Sep). FOMC Minutes Thu: ECB Minutes, OPEC MOMR, IEA OMR, UK GDP (Aug), US CPI (Sep) Fri: Chinese Inflation (Sep), Chinese Trade Balance (Sep), EZ Industrial Production (Aug), US University of Michigan Prelim Note: Previews are listed in day order FOMC Minutes (Wed):
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 Analysis and Charts FTSE 100 tries to recover from one-month low The FTSE 100 is seen heading back up towards its 55-day simple moving average (SMA) at 7,521 while awaiting key US employment data.If overcome, another attempt at reaching the
© Reuters Investing.com – The U.S. dollar traded higher Friday, on course for another positive week, ahead of the release of the monthly U.S. nonfarm payrolls which could influence Federal Reserve thinking. At 03:40 ET (07:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at
SILVER PRICE OUTLOOK: Silver prices fall modestly despite U.S. dollar softness. Traders remain cautious ahead of key U.S. labor market data. The September NFP report, due out on Friday, will be key for financial markets. Most Read: US Jobs Report Preview – What’s in Store for Nasdaq 100, USD, Yields, and Gold? Silver prices fell
Share: EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS Composite PMI and Services PMI for September came in above the market consensus. Traders will monitor the German Trade Balance for August
Last week’s decline in gold prices accelerated after the break of the current downtrend channel support. The last time Gold traded at such a low was six months ago, when the US regional banking crisis triggered an influx of buyers, pushing prices away from support around $1809. The biggest weekly loss in the last two
The announcement is coming at 0100 GMT, which is 2100 US Eastern time. The RBNZ is widely expected to leave its cash rate target on hold, but: The Reserve Bank of New Zealand is likely to want to see Q3 inflation data, which will be released on 16 October, and labour market data on the
AUD/USD ANALYSIS & TALKING POINTS Chinese and Australian PMI’s disappoint. US PMI data and Fed guidance to come later today. AUD long upper wick suggests the possibility for further downside. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter AUSTRALIAN DOLLAR FUNDAMENTAL
Share: USD/CAD retraces to 1.3570, and holds above the 50- and 100-hour EMAs on the four-hour chart. The key resistance level is seen at 1.3600; the initial support level is located at 1.3515. Relative Strength Index (RSI) is located in the bullish territory above 50. The USD/CAD pair loses some ground after being
