MON: Bank of Israel Announcement, EZ Consumer Confidence (Oct), US National Activity Index (Oct) TUE: German GfK Consumer Confidence (Nov), EZ/UK/US Flash PMIs WED: BoC Announcement, NBH Announcement, Australian CPI (Q3/Sep), German Ifo Survey (Oct) THU: ECB Announcement, CBRT Announcement, South Korean GDP Advanced (Q3), US GDP Advanced (Q3) FRI: CBR Announcement, Japanese Tokyo CPI
Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar Index (DXY) oscillates between gains and losses in the
Share: Gold price attracts bids below $1,860.00 after a mild correction in the US Dollar. The US economy remains resilient due to falling inflation, stable labor demand, and robust consumer spending. Fed Kashkari said that current interest rates are not sufficiently restrictive to bring down inflation to 2%. Gold price (XAU/USD) retreats despite the
Markets: Gold down $16 to $1848 WTI crude oil down 78-cents to $90.93 US 10-year yields down 0.2 bps to 4.57% S&P 500 down 12 points to 4288 AUD leads, CAD lags The quarter ended with some drama as the US dollar shot higher, recouping losses from European and Asian trading and in some cases
Share: EUR/USD fails to attract any follow-through buying and oscillates in a range on Friday. Bets that any further ECB rate hikes may be off the table act as a headwind for the Euro. The prospects for further policy tightening by the Fed underpins the USD and cap gains. Traders now look to
Mon: German Ifo (Sep), US National Activity Index (Aug), German State CPIs (Sep) Tue: Swedish PPI (Aug), US Consumer Confidence (Sep), New Home Sales (Aug) Richmond Fed (Sep) Wed: Spanish Parliament PM Vote re. Feijoo (TBC), CNB Policy Announcement, BoJ Minutes (Jul); German GfK (Oct), Swedish Consumer Confidence (Sep), EZ M3 (Aug), US Durable Goods
© Reuters. Investing.com – The U.S. dollar stabilized in early European trade Thursday, after hefty losses this week as signs of a cooling U.S. economy pointed to limited headroom for the Federal Reserve to keep raising interest rates. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six
Mon: Australian Retail Sales (Jul) Tue: NBH Announcement, German GfK Consumer Sentiment (Sep), US CaseShiller (Jun) and JOLTS (Jul) Wed: Australian CPI (Jul), Spanish Flash CPI (Aug), EZ Sentiment Survey (Aug), US GDP 2nd Estimate (Q2), US ADP National Employment (Aug) Thu: ECB Minutes, Japanese Retail Sales (Jul), Chinese Official PMI (Aug), German Retail Sales
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Major US stock indices are off to a positive start. Earnings overnight came in better than expectations and that has been the trend this week (generally speaking). The prices are rebounding as well after yesterday’s decline which saw the Dow industrial average snap its 13 day winning streak. All good things have to come to
