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Highlights include US PCE, SNB, Flash PMIs, Aussie and Tokyo CPI Interest rates MON: PBoC LPR, EZ Consumer Confidence Flash (Sep) TUE: Riksbank Announcement, EZ/UK/US Flash PMIs (Sep) WED: CNB Announcement, Australian CPI (Aug), German Ifo Survey (Sep) THU: SNB Announcement, Banxico Announcement, BoJ Minutes, PBoC MLF, German GfK Consumer Sentiment (Oct), US Durable Goods (Aug), US GDP (Q2), US PCE (Q2) FRI: Japanese Tokyo CPI (Sep), US PCE (Aug), US University of Michigan Final (Sep) PBOC LPR/MLF (MON/THU) The PBoC is expected to leave its Loan Prime Rates unchanged for the fourth consecutive month, with the 1yr and…
“They have a low income and do not file taxes.”
AUD/USD extends losses for a third day, set for first weekly decline in four weeks.The Australian Dollar weakens as the Fed-driven US Dollar rebound and soft jobs data weigh on the Aussie.Fed Governor Stephen Miran advocates deeper cuts, signaling internal divergence on future policy directionThe Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, with AUD/USD extending its decline for the third straight day. The pair is set to end the week in negative territory for the first time in four weeks, as the Greenback’s post-Fed recovery continues to sap demand for risk-sensitive currencies.At…
Though consumers often assume they lose out with dynamic pricing, experts say that’s not always the case.
United States (US) President Donald Trump declared on Thursday that the US is so strong it can just “get people to do things”. Trump was speaking to reporters aboard Air Force One.According to President Trump, more countries need to join forces with the US to cease purchases of Russian oil. Ostensibly, Trump is trying to use the global community to apply pressure on Russia to end the invasion of Ukraine, without applying pressure directly on Russia via his own administration. Donald Trump campaigned on isolationist rhetoric, making Trump’s pivot into calling on NATO and other global allies for political assistance…
More people appear to be looking for help with their mortgages, according to internet search trends. But economists say the reality is more nuanced and less alarming.
The Dow Jones took a meager step upward on Thursday, clawing into record highs.The tech sector is taking the biggest step, bolstered by the ongoing AI rally.The Fed’s rate cut and tease of more cuts to come has lifted investor sentiment.The Dow Jones Industrial Average (DJIA) rose on renewed bullish sentiment across broader markets on Thursday, bolstered by the Federal Reserve’s (Fed) decision to cut interest rates for the first time in nine months. The tech rally has extended its legs, both on the hope that declining interest rates will reinvigorate business investment across the space, as well as a…
The Nvidia investment is the latest source of relief for Intel investors, after the U.S. government took a stake in the chip company last month.
After nine months of waiting, the Fed has finally delivered markets a much-desired interest rate cut.The Dollar Index hit a 43-month low after the Fed trimmed rates by 25 basis points, with eyes on more rate moves.Fed Chair Powell warns that future rate cuts aren’t guaranteed, sending the US Dollar back up.The Federal Reserve (Fed) announced a gentle quarter-point interest rate cut, something many market watchers had anticipated. This marks the Fed’s first rate cut in nine months, and now investors are eager to see how many more rate cuts might happen through the end of the year.The Fed’s Summary…
“The investigation against this lawyer seems to have stalled.”