Share: Gold price remains under pressure as the US economy remains resilient despite higher interest rates. The US economy is comfortably absorbing the consequences of the Fed’s higher interest rates. Fed’s Collins says further policy tightening is not off the table. Gold price (XAU/USD) trades back and forth as uncertainty over the interest
Share: Economists at Crédit Agricole highlight uncertainties surrounding a potential US government shutdown and its implications for the USD. Some relief and support to the USD if a resolution to prevent the shutdown is reached before the deadline The expectation is that a resolution will be reached before the 1 October deadline, possibly
UPCOMING EVENTS: Monday: German IFO. Tuesday: US Consumer Confidence. Wednesday: BoJ Meeting Minutes, Australia Monthly CPI, US Durable Goods Orders. Thursday: Australia Retail Sales, US Q2 Final GDP, US Jobless Claims. Friday: Japan Tokyo CPI, Japan Unemployment Rate, Japan Retail Sales, UK Q2 Final GDP, Eurozone CPI, Canada GDP, US Core PCE. Tuesday The US
Following a bustling week with significant Central Bank decisions in the limelight, the upcoming week holds the potential for a quieter economic events calendar. The FX market may be influenced by month-end rebalancing. Highlights for Tuesday include Japan’s BoJ Core CPI y/y data and the release of CB Consumer Confidence, New Home Sales, and the
The ZAR’s reaction to the SARB MPC decision and policy statement was relatively muted as the decision was in line with consensus, and guidance from the central bank was mostly like that issued in the previous meeting and address. On a positive note, we did see a slight upward revision to the outlook for GDP
Oil (WTI, Brent) News and Analysis Shell forced to halt unit at Europe’s biggest refinery- exacerbating tight supply EIA storage data reveals continuing trend of crude drawdowns – adding to tailwinds The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library
EUR/USD FORECAST: EUR/USD trades largely directionless on Tuesday, moving between small gains and losses ahead of the Fed’s announcement The FOMC is set to unveil its September policy decision on Wednesday. No interest rate changes are expected, but the bank will release the eagerly-awaited “Summary of Economic Projections” This article analyzes possible scenarios for the
UPCOMING EVENTS: Monday: NZ Services PMI, US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, Canada CPI, US Building Permits and Housing Starts. Wednesday: PBoC LPR, UK CPI, BoC Summary of Deliberations, FOMC Policy Decision. Thursday: NZ GDP, SNB Policy Decision, BoE Policy Decision, US Jobless Claims. Friday: Japan CPI, BoJ Policy Decision, UK Retail
Euro, EUR/USD, US Dollar, EUR/JPY, Japanese Yen, EUR/GBP, British Pound, Trend, Range – Talking Points Euro bearishness might be intact against the US Dollar in the near term The bullish case for EUR/JPY could have some legs after a brief plunge EUR/GBP may see a breakout at some stage. What are the levels to watch?
UPCOMING EVENTS: Tuesday: UK Labour Market report, German ZEW, US NFIB Small Business Optimism Index. Wednesday: Japan PPI, UK GDP, EZ Industrial Production, US CPI. Thursday: Australia Labour Market report, Japan Industrial Production, Switzerland PPI, ECB Policy Decision, US Jobless Claims, US PPI, US Retail Sales. Friday: NZ Manufacturing PMI, China Industrial Production and Retail
