Continues

[ad_1] The strike by the US United Auto Workers is ongoing. The latest is that the union is rejecting an offer from one of the Big Three automakers, Chrysler parent Stellantis, for a 21% wage increase: a cumulative 21% wage increase with an immediate 10% increase upon a formal agreement. The union is seeking a

[ad_1] © Reuters. The Nigerian Naira has continued to depreciate against major currencies, with the exchange rate for a dollar reaching N950 at the Lagos Parallel Market on Friday, September 15, 2023. The Naira also saw depreciation against the British Pound and the Euro, going from N1190/£1 to N1210/£1 and from N995/€1 to N1020/€1 respectively.

[ad_1] Will the ECB get to 4.00%? The Sept 14 meeting is the highlight of next week’s economic calendar and all week we’ve been getting a pushback from the hawks. It started with Knot on Monday and followed up by Kazimir on Wednesday. MNI reports that hawks will push hard for a 25 bps hike

[ad_1] Share: Polish central bank cuts interest rates deeper than expected, draws criticisms. Politics appear to be influencing central bank action rather than the economy. Polish inflation is still in double-digit territory despite recent declines. The USD/PLN is pushing higher following an interest rate cut from the National Bank of Poland (NBP), sending

[ad_1] XAU/USD, XAG/USD PRICE FORECAST: MOST READ: US Dollar Forecast: DXY Poised to Extend Rally Despite Suggestions the Fed May be Done Gold remained on the front foot in the Asian session before a pullback this morning following the European open. The precious metal is attempting to reclaim the $1950 handle as commodities eye gains

[ad_1] Today’s trading has been a journey as the market tries to sort out the economy and the bond market. Treasury yields are still higher on the day but have been reeled in from earlier levels. US 10-year yields are up just 0.2 bps on the day to 4.23% from a high of 4.28% after

[ad_1] GBP/USD and EUR/GBP Analysis and Charts Gilt yields support Sterling against a robust US dollar. EUR/GBP set to test range support. Recommended by Nick Cawley How to Trade GBP/USD The British Pound is ending the week in reasonable shape against the US dollar and is showing gains against a range of other G7 currencies.

[ad_1] Share: Gold weakness has extended back to key support at $1,898/1,893 but strategists at Credit Suisse continue to look for a floor here. Weekly close below $1,893 would reinforce the longer-term sideways range We look for key support and the 38.2% retracement of the 2022/2023 uptrend, 200-DMA and June low at $1,900/$1,891

[ad_1] © Reuters. FILE PHOTO: A logo of Turkey’s Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. REUTERS/Cagla Gurdogan/File Photo By Nevzat Devranoglu and Orhan Coskun ANKARA (Reuters) – Turkey’s net foreign exchange reserves surged nearly $5 billion last week, with total reserves up almost $2 billion,

[ad_1] GOLD PRICE FORECAST: For the Full Q3 Outlook on Gold Prices, Download the Guide Below Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead? Gold prices remain subdued with the 50-day MA capping any potential move to the upside with the