Daily Pivots: (S1) 0.6697; (P) 0.6729; (R1) 0.6751; More… Intraday bias in AUD/USD is turned neutral first with 4H MACD crossed above signal line. Some consolidations could be seen, but further decline is expected as Read more…
Markets Yesterday’s risk-on sentiment, Fed comments and the release of the Minutes of the Fed September meeting all contributed to a gradual, but protracted intraday uptrend in US yields. They closed higher between 7.1 bps Read more…
The S&P 500 hit its 44th record this year on Wednesday, Nasdaq 100 closed above the 20’000 mark. The Dow Jones index advanced 1% to an almost ATH, while investors were less enthusiastic regarding the Read more…
In focus today In the US we get the September CPI figures, which is the most important data release this week. We forecast headline inflation slowing down to 0.1% m/m SA and 2.4% y/y (from Read more…
Daily Pivots: (S1) 1.3663; (P) 1.3691; (R1) 1.3739; More… USD/CAD’s rally from 1.3418 continues today and intraday bias stays on the upside. Pullback from 1.3946 should have completed at 1.3418 already. Rise from there would Read more…
Risk-on sentiment is back in the global markets, with DOW and S&P 500 surging to new record highs in the latest session. Notably, this rally isn’t limited to just the big tech giants. ETFs tracking Read more…
Japan’s PPI rose by 2.8% yoy in September, a notable increase from the previous month’s 2.6% yoy and well above the market’s expectation of 2.3% yoy. A significant development was the shift in import prices. Read more…
San Francisco Fed President Mary Daly expressed a cautious stance on monetary policy in a discussion last night, indicating that “two more cuts this year, or one more cut this year, really spans the range” Read more…
Fed’s decision to cut interest rates by 50 basis points last month was backed by a “substantial majority,” but the minutes of the meeting revealed a more intense debate among policymakers. Only Governor Michelle Bowman Read more…
September 17–18, 2024 A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, September Read more…