WTI oil futures (October delivery) snapped the 81.00 barricade and crawled moderately back above the 20-day simple moving average (SMA), which has been capping upside movements over the past two weeks. While the latest bullish Read more…
In a set of prepared remarks, Atlanta Fed President Raphael Bostic noted emphasizing that the current restrictive stance is appropriate. He urged for a cautious and patient approach, warning against the potential for “unnecessary economic Read more…
Markets took a breather in today’s Asian trading session after Dollar experienced a significant selloff overnight. For now, the greenback seems to have found some footing, as market participants shift their focus to the release Read more…
China’s official PMI Manufacturing for August rose slightly to 49.7, surpassing market expectations of 49.5. Despite the increment, this marks the fifth consecutive month that the metric is below the 50-threshold, signaling a contraction in Read more…
In a marked contrast to fellow BoJ board member Naoki Tamura’s recent remarks, Toyoaki Nakamura, known for his dovish stance, stressed the need for a more cautious approach towards tightening Japan’s monetary policy. Speaking at Read more…
Markets Sub-par US JOLTS job openings and consumer confidence yesterday triggered a sharp rally in US Treasuries, with markets only discounting a limited chance of a Fed September rate hike. However, the spill-over the EMU Read more…