San Francisco Fed President Mary Daly, speaking at a conference overnight, expressed optimism about the Fed’s progress in controlling inflation. “Confidence is growing that we are getting nearer a sustainable pace of getting inflation back down to 2%,” Daly noted. However, she refrained from providing specific timelines or numbers for potential rate cuts. “I’m not […]
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On 26 September, when analysing the XNG/USD natural gas price chart, we noted that: → Bulls might be “gathering strength” for a potential attempt to break the psychological level of 3.00. → If successful, this Read more…
Germany’s ZEW Economic Sentiment index surged significantly to from 3.6 to 13.1 in October, surpassing market expectations of 10.2. However, Current Situation Index dropped further into negative territory, falling from -84.5 to -86.9, slightly worse Read more…
Eurozone industrial production increased by 1.8% mom in August, meeting market expectations. This growth was supported primarily by a significant 3.7% rise in capital goods production. Durable consumer goods also saw a notable rise of Read more…