In focus today In Germany, we receive the Ifo growth indicator for September. In August, the assessment of the business situation declined to the lowest level since Covid. We expect another benign print as the Read more…
RBA kept the cash rate target unchanged at 4.35% today, as widely anticipated by markets. The central bank stated that data since the August Statement on Monetary Policy have “reinforced the need to remain vigilant Read more…
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above Read more…
Key Highlights Bitcoin price gained over 15% in the past few days. BTC is trading above a connecting bullish trend line with support at $61,500 on the 4-hour chart. Oil prices corrected losses and climbed Read more…
Japan’s PMI manufacturing index ticked down from 49.8 to 49.6, marking its third consecutive month in negative territory. On the other hand, services sector offered some relief as its PMI edged higher, rising from 53.7 Read more…
Chicago Fed President Austan Goolsbee suggested at an event overnight that Fed will likely implement “many more rate cuts over the next year” as it shifts its focus from inflation to employment concerns. Goolsbee further Read more…
Natural Gas rising inside impulse waves 3 and (3) Likely to reach resistance level 3.150 Natural Gas continues to rise inside the impulse waves 3 and (3), which recently broke the resistance area located between Read more…
EURGBP broke the support area Likely to fall to support level 0.8300 EURGBP currency pair recently broke the support area located between the key support level 0.8400 (which has been reversing the price from June) Read more…
After the Federal Reserve’s 0.5-percentage-point interest-rate reduction last week, many experts say a soft landing for the economy is in store. That means falling inflation without a recession. The Consumer Price Index gained 2.5% in the Read more…
Kelly Ortberg doesn’t have much time. The aerospace industry veteran took over last month as chief executive of Boeing (BA) at a critical time in the planemaker’s history. Related: Boeing delivers hard-nosed message to employees Read more…