The Atlanta Fed GDPNow initial estimate for Q4 growth debuts at 2.3%. In their own words The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.3 percent on October 27. The initial estimate of third-quarter real GDP growth released by the US Bureau of
NASDAQ 100 FORECAST: The Nasdaq 100 rebounds off technical support heading into the weekend following a selloff in the previous trading sessions Amazon leads the charge higher thanks to solid corporate earnings Despite the positive mood on Wall Street, market risks remain elevated ahead of the Fed decision next Wednesday Trade Smarter – Sign up
Share: Gold price remains sideways as the US core PCE inflation reading was in line with estimates. The downside in the Gold price remains cushioned by escalating tensions in the Israel-Palestine conflict. US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price (XAU/USD) trades in a tight range
Share: GBP/USD drifts lower for the third successive day and drops to a multi-week low on Thursday. A combination of factors continues to push the USD higher and exert pressure on the major. The fundamental backdrop supports prospects for a further near-term depreciating move. The GBP/USD pair extends this week’s retracement slide from
Prior month +5.0 New orders -4 vs +3 last month Services index -11 versus +4 last month Shipments +9 versus +7 last month Employment +7 versus +7 last month Wages +29 versus +23 last month Availability of skills needed -1 versus -10 last month Prices paid +3.02 versus +4.06 last month Prices received +2.07 versus
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
Share: USD/CAD refreshes day low as higher oil prices strengthen the Canadian Dollar. Canadian Retail Sales report indicates that automobile demand remained weak. The US Dollar turned soft due to neutral guidance from Fed Powell. The USD/CAD pair faces selling pressure after a less-confident pullback move to near the round-level resistance of 1.3700
Share: Gold price extends upside as Israel prepares to attack Hamas group. Fed Chair Powell supported neutral interest rates amid higher US bond yields. 10-year US Treasury yields jump above 4.9% amid unsustainable Congress budget deficits. Gold price (XAU/USD) rose sharply as Middle East tensions kept escalating and the Federal Reserve (Fed) Chair
Euro News and Price Action Setups Recommended by Richard Snow Get Your Free EUR Forecast Lack of EU Data and Plenty Fed Speak Could Challenge Euro Upside A distinct lack of EU-focused data this week has left the euro with few local drivers but despite this, EUR/USD shows resilience in the face of rising US
Cleveland Fed Pres. Loretta Mester is speaking (voting member in 2024), and says: Fed is at or near peak of rate hike cycle This article was written by Greg Michalowski at www.forexlive.com. لینک منبع : هوشمند نیوز
