Act of defiance; China pumps up its chest towards the West
Worries across the Western hemisphere have been on the rise that China’s Xi is on a mission to redraw a geopolitical map with India’s PM Modi and Russia’s President Putin, alongside other leaders, in an act of defiance, fearing that the world order created by the US will soon be challenged by a fierce coalition, […]
UK’s Gilts climb to 1998-year highs on mounting fiscal concerns
Anxiety took hold of UK markets earlier today, as investors battled with souring growth prospects but also murky revival efforts from the government due to concerns over the country’s fiscal outlook. Driving 30-year gilts higher were concerns of the markets in regards to Chancelor Reeve’s Autumn Budget which entail further tax raises to keep targets […]
Gold’s Weekly Update: Gold’s price on the rise
With the summer holidays over, September sets a number of fundamental issues on the path of gold traders. In today’s report we are to discuss a number of such issues affecting gold’s price but also attach a technical analysis of gold’s daily chart for a more complete picture. We make a start by noting the […]
Safe haven assets attract bids amidst rising rate cut bets
Safe haven assets such as gold and silver attracted renewed interest from investors late last week as a flurry of US economic news releases, dovish Fed talk rhetoric and uncertain tariff developments, nudged money market participants to upwardly revise odds for a 25bps cut in September. Despite a hotter than expected PCE print investors fixated […]
France HCOB Manufacturing PMI above expectations (49.9) in August: Actual (50.4)
France HCOB Manufacturing PMI above expectations (49.9) in August: Actual (50.4)
Italy HCOB Manufacturing PMI increased to 50.4 in August from previous 49.8
Italy HCOB Manufacturing PMI increased to 50.4 in August from previous 49.8
Austria Unemployment: 301.4K (August) vs 290K
Austria Unemployment: 301.4K (August) vs 290K
Austria Unemployment Rate climbed from previous 6.7% to 7% in August
Austria Unemployment Rate climbed from previous 6.7% to 7% in August
Could runaway inflation discourage Fed cuts?
Today, investors eyes will inevitably be drawn upon the Fed’s favourite inflation metric update, the Core PCE index, which will shed light onto how price pressures evolved within the US in the month of July, but more importantly what will the implications be for the trajectory of the Federal Funds rate during the remainder of […]
US doubles down on Indian tariff levies to stop Russian flows
Technical Analysis of Oil WTI Chart – Crude hits 3-month lows as bearish pressure persists Selling pressure persisted over the past week with the bears remaining in control of the move and WTI futures finding somewhat of a support above the $61.30 area, retested the $64.00 resistance ceiling, failed and then eased towards the $64 […]
S&P captures record highs, will complacency follow?
US equity futures continue to gradually crawl higher week after week as traders stay hopeful and optimistic, despite the frothiness around tech stocks and their lush AI promises, showcasing that investors place much more emphasis on the impending rate reductions from the Federal Reserve and the arrival of looser policy conditions. Money markets are currently […]
All eyes fixate upon Nvidia’s earnings data
Hefty promises have bolstered NVIDIA’s share prices to historic highs over the past year and a half and today’s earnings call is no different, as investors brace for a substantial post-earnings movement towards new highs, expecting that the AI chip manufacturer was and will be flooded with orders from top tech customers. Analysts expect Nvidia […]
EUR: French government looks likely to fall in September – ING
Hitting EUR/USD late on Monday was the surprise announcement from French Prime Minister François Bayrou that he was calling a vote of confidence in his government’s fiscal austerity plans on 8 September.
USD/JPY consolidates near 147.90 as Fed’s Cook vows to stay
The US Dollar is regaining lost ground across the board amid a new twist in the Federal Reserve saga, as Governour Lisa Cook dismissed Trump’s call to resign and committed to carry on with her duties at the Central Bank.
Dow Jones futures fall as traders adopt caution due to Fed independence concerns
Dow Jones futures fall by 28% to trade around 45,200 during European hours on Tuesday, ahead of the opening of the United States (US) regular markets. Moreover, the S&P 500 futures decline by 0.26% to trade below 6,450, and the Nasdaq 100 futures fall by 0.30%, trading around 23,400.
Forex Today: Markets turn risk-averse as Trump renews tariff threats
Here is what you need to know on Tuesday, August 26:
WTI tumbles to near $64.50 amid Russia-Ukraine supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.60 during the early Asian trading hours on Tuesday. The WTI edges lower as traders assess the prospects of additional US tariffs on Russia.
USD/CHF holds above 0.8050 as Fed Governor Cook refuses to resign
USD/CHF extends its gains for the second successive session, trading around 0.8060 during the Asian hours on Tuesday.
France Consumer Confidence came in at 87 below forecasts (90) in August
France Consumer Confidence came in at 87 below forecasts (90) in August
Australian Dollar weakens as US Dollar holds ground after Fed Governor Cook’s comments
The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Tuesday, extending its losses for the second successive session.