US Treasury secretary Bessent reportedly grilled Fed chair contenders on interest rates The meetings/interviews took place over a number of weeks and concluded earlier this week on Tuesday, according to the sources. There were 11 candidates and all were grilled for up to two hours by US Treasury secretary Bessent, Treasury official ...
Japan 5year Japanese Government Bond auction reflects modest caution Japan 5-yr JGB auction bid-to-cover 3.69 versus 3.70 at prior sale in SeptemberJapan 5-yr JGB auction tail at 0.06 yen versus 0.03 yen at prior sale in SeptemberJapan’s latest 5-year government bond (JGB) auction drew a bid-to-cover ratio of 3.69, ...
investingLive Asia-Pacific FX news wrap: Gold lower on Trump-Israel-Hamas deal Hedge funds bet on year-end dollar rally as euro, yen weaken. Funds build tactical FX betsEuropean Central Bank minutes due Thursday, Lane speaking laterFederal Reserve Chair Powell speaks on Thursday. Bowman, Barr, Musalem, Kashkari, Daly tooAUD traders heads up: Reserve ...
European Central Bank minutes due Thursday, Lane speaking later European Central Bank September monetary policy meeting minutes are due at 1130 GMT/ 0730 US Eastern time European Central Bank Board Member Philip R. Lane participates on a roundtable discussion and Q&A at the Irish Association of Investment Managers in ...
Federal Reserve Chair Powell speaks on Thursday. Bowman, Barr, Musalem, Kashkari, Daly too The times listed below are in GMT / US Eastern time format1230/0830 (via pre-recorded video) Federal Reserve Chair Jerome
Powell gives welcome remarks before the Community Bank Conference
hosted by the Federal Reserve Board.I don't expect Powell to give us any insights ...
AUD traders heads up: Reserve Bank of Australia Governor Bullock speaks on Friday Appearance before the Senate Economics Legislation Committee – Supplementary Budget Estimates 2025-26 – CanberraGovernor Michele Bullock and Assistant Governor (Financial Markets) Christopher KentFrom 9am Sydney time2300 GMT / 1800 US Eastern time--At its September meeting, the RBA held its cash ...
Heads up for Bank of England's Catherine Mann to speak Thursday Bank of England Monetary Policy Committee member Catherine Mann is speaking Thursdayat 0830 GMT / 0430 US Eastern timekeynote speech, on prices & consumption, "Explaining the consumption gap"following Mann's address, there will be a response from former MPC member Michael ...
Bank of Canada Senior Deputy Governor Carolyn Rogers speaks on Thursday 1215 GMT / 0815 Eastern time Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, will discuss productivity, competition and innovation in Canada’s financial sector.---The latest policy move from the Bank of Canada came on September 17, 2025, when ...
PBOC sets USD/ CNY reference rate for today at 7.1102 (vs. estimate at 7.1484) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the ...
China's Commerce Ministry tightens rules on rare earths exports China tightens rare-earth export rules, imposes new dual-use licensing from December 1China has announced sweeping new restrictions on rare-earth exports, requiring both foreign and domestic companies to obtain special licences for items with potential military applications, in a move that ...
BOJ will find another rate hike this year difficult, says ex-deputy governor Former Bank of Japan Deputy Governor Masazumi Wakatabe said the central bank could raise interest rates if inflation expectations continue to rise and push up underlying price pressures, but warned that another hike this year would be hard to justify ...
PBOC is expected to set the USD/CNY reference rate at 7.1484 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a ...
Australia Consumer Inflation Expectations are rising: October 4.8% (prior 4.7%) Australian Melbourne Institute survey of consumer inflation expectations for October 2025 4.8%prior was 4.7%The latest figure of 4.8 % is up slightly from 4.7 % in September. September itself represented a rebound from August’s lower level (3.9%) prior to that. ...
US politics shut down thaw? Senate Republicans eye piecemeal government reopening Senate Majority Leader John Thune said he is considering bringing full-year appropriations bills — including legislation to fund the Pentagon and military pay — to the Senate floor for a vote, as bipartisan talks on a short-term funding measure remain ...
Israel cabinet to vote Thursday; hostages could start being freed Monday, White House says A senior White House official said the latest agreement aimed at securing a pause in fighting and the release of hostages will be presented to the Israeli cabinet on Thursday.If approved, Israel will begin withdrawing its forces to a designated ...
Fox: "Hamas accepts Trump peace plan ending 2 years of war in Gaza, returning hostages" Trump had the announcement on his own social meida app:Trump says Israel and Hamas have both signed off on the first Phase of our Peace PlanFox reports Hamas "has agreed to a peace deal pushed by President Donald Trump to ...
UK housing market, business confidence slump ahead of Reeves’ November budget Britain’s housing market lost further momentum in September, while business confidence slumped to its lowest level in three years amid growing anxiety over Finance Minister Rachel Reeves’ upcoming budget.The RICS house price balance improved slightly to -15 from -18 in ...
Trump says Israel and Hamas have both signed off on the first Phase of our... Trump says Israel and Hamas have both signed off on the first Phase of our Peace Plan:No detail offered up as yet. ---If this does become a reduction in Middle East tensions it should mean some of the bid in ...
Yen intervention risk rockets higher as USD/JPY nears 155 trigger. Line in the sand? Danske Bank says the yen’s rapid depreciation could soon test levels that might prompt official intervention by Japan’s authorities.Analysts noted that the yen’s slide following Sanae Takaichi’s leadership win, which sparked expectations of looser fiscal and monetary policy, has revived ...
Deutsche Bank: Bitcoin and gold could join central bank reserves by 2030 Deutsche Bank forecasts that both Bitcoin and gold could become part of central bank reserves by 2030, reflecting a shift in global finance driven by a weaker U.S. dollar and heightened geopolitical uncertainty.In its report “Gold’s Reign, Bitcoin’s Rise,” the ...
White House says Trump is going to Walter Reed for his regular physical on Friday. White House Press Secretary statement:"On Friday morning, President Trump will visit Walter Reed Medical Center for a planned meeting and remarks with the troops. While there, President Trump will stop by for his routine yearly check up. He will then ...
Canadian Prime Minister Carney says there'll some some bilateral deals alongside the USMCA Canadian Prime Minister Carney says there will some some bilateral deals alongside the USMCA.Carney was in the US for talks with Trump. Is this the best they could do?
...
France - Macron moves to appoint new PM as France edges away from snap elections. French President Emmanuel Macron has opted to appoint a new prime minister instead of calling snap elections, a move that gives his administration breathing room as it seeks to steady France’s political and fiscal situation. Headline on this earlier:French President ...
Bank of England flags risk of AI-fueled market correction amid rising global uncertainty The Bank of England has cautioned that financial markets could face a sharp correction with potential spillover effects on the broader economy.In its quarterly Financial Stability Report, published Wednesday, the central bank highlighted stretched valuations in equity markets—especially among technology ...
China returns from holidays today - Chinese markets reopen China's Golden Week holiday has ended and the country's markets reopen today. Hong Kong markets have remained open, not so mainlanad China, Its often quite dreary during the timezone here when China is on holiday, but not this time. Japanese ...
investingLive Americas FX news wrap 8 Oct. Spot gold traded above $4000 for the 1st... S&P and NASDAQ indices set records once again. Dow industrial average closes unchangedFrench President Macron says is a potential path to a government budget by December 31Gold comes off it price as it backs off the high of channel resistanceWe ...
French President Macron says is a potential path to a government budget by December 31 French President Macron says he will be naming a new Prime Minister within the next 48 hourssays there is a potential path to a government budget by December 31More:adds that a majority of lawmakers were against holding a snap
parliamentary electionElysee ...
Economic calendar in Asia Thursday, Oct 9, 2025 - Fed speakers: Kashkari, Barr, Goolsbee Plenty of Federal Reserve officials speaking in the hours ahead:2030 GMT / 1630 US Eastern time Federal Reserve Bank of Minneapolis President Neel Kashkari hosts a fireside chat before Day 1 of the Indian Country Development's 10-Year Anniversary Event and ...
We have no idea what's coming as rich boomers age Blackrock fixed income chief investment officer and Fed chair candidate Rick Rieder was on Bloomberg TV last week and brought up a point that's been resonating with me since he said it.He talked about a confluence of factors that's unique ...
Crude oil futures settle at $62.55 The price of crude oil is settling at $62.55. That is up $0.82 or 1.33%. The high for the day reached $62.92. The low was at $62.05.From a technical perspective, today’s price action has been encouraging for buyers. The market ...
Carney: Had a meeting with Trump on the future of steel and auto sectors Canadian and US deputies continue to meeting in Washington and yesterday hinted that they were close to a deal. Canada has been angling for relief on steel and aluminum while dangling energy (Keystone XL was proposed again) and hoping to ...
Euro higher as caretake French PM says they could have a new Prime Minister in... The euro caught a small bid after comments from France's caretaker Prime Minister:As of this evening, I consider the mission finishedThere is a majority that's against dissolution of parliament (and fresh elections)I told Macron that the prospect of dissolution is ...
FOMC Minutes: Most participants judged it likely appropriate to ease further in 2025 Some participants noted financial conditions suggested policy may not be “particularly restrictive”Those participants judged a cautious approach to future policy was warrantedAlmost all participants supported quarter-percentage-point cut to Fed funds rate at September meetingMost participants judged downside risks to employment ...
FOMC Minutes coming up at the top of the hour This edition is a real risk. The market is 92% priced for a cut in December and 88% priced for a December cut. The later one looks particularly vulnerable to me as some Fed officials aren't convinced that inflation is ...
Republican bill to end the US government shut down fails to win enough votes in... The Democratic vote failed to end the government shutdown earlier. The Republican bill to do the same has also failed. A total of 60 votes are needed to pass the bill to end the shutdown.
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U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of... High-yield 4.117%.Tail 0.3 basis points versus 6 month average of -0.9 basis points. Bid to cover 2.48X versus 6 month average up 2.57X.Directs 24.1% vs 6 month average of 16.3%.Indirects 66.8% versus 6 month average of 73.7%Dealers 9.09% vs 6 ...
The U.S. Treasury is to auction off $39 billion of 10 year notes at the... The US treasury is to auction off $39 billion of 10 year notes at the top of the hour. The auction results will be compared to the 6 month averages of the major components. Those averages show: Bid to cover ...
Democratic bill to end the US government shutdown fails to win enough votes A Democratic bill to end the US government shutdown failed to win enough votes.The shutdown started on October 1. It is now day 8 with no real end in sight. In the meantime, the US stock market is not concerned. ...
EURUSD and GBPUSD rotate back down to lows after successful test of overhead resistance Both the EURUSD and GBPUSD attempted upside moves earlier in the session but ultimately failed to sustain momentum, rotating back to the downside.For the EURUSD, the pair had been trading above and below its 100-day moving average coming into the ...
European stock markets power to strong gains: Looks like a breakout in the DAX Closing changes on the day:Stoxx 600 +0.8%German DAX +1.0%France CAC +1.2%UK FTSE 100 +0.8%Spain IBEX +1.1%Italy's FTSE MIB +1.1%European stock markets finished at the best levels of the day as strong bids have lifted equities globally.
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AUDUSD technicals: AUDUSD falls to support but runs out of steam. Bouncing to resistance. The AUDUSD moved lower in tandem with the NZDUSD after the RBNZ delivered a larger-than-expected 50 basis point rate cut in the Asian Pacific session. The selling pressure took the pair down toward the 50% retracement of the move up ...
BOE's Pill: Mon policymakers should make a clear and credible commitment to targets Doesn't address monetary policy in speechMonetary policymakers should make a clear and credible commitment to achieve their price stability objectiveThere is this temptation right now at central banks to run it just a bit hot because of housing struggles and ...
NZDUSD Technicals: The NZDUSD moved lower after the 50 bp cut, but has bounced. What... The NZDUSD moved lower after the RBNZ surprised with a 50 basis point rate cut, opting for the larger move after markets were split between expectations of 25 or 50. The initial reaction drove the pair to its lowest level ...
USDCHF Technicals: Buyers make a play above the 50% of the range since August 1... The USDCHF extended its move higher today, breaking above the 50% retracement of the decline from the August 1 high. That midpoint, coming in at 0.79992 (essentially 0.8000), has been a key technical marker on the chart. Once buyers were ...
USDCAD technicals. USDCAD is testing the extremes of the narrow trading range. What next? The USDCAD entered the new trading day confined to an unusually tight 30-pip trading range, dating back to the start of Friday’s session. Such a narrow band rarely lasts long, and it puts traders on alert for an eventual breakout ...
The USD is higher to start the day with the USDJPY leading the way again The USD is trading higher, with USDJPY extending its climb toward the next key target at 153.397, the 61.8% retracement of the range from the July 2024 high. Yesterday, the pair pushed decisively above the 50% retracement at 150.757 and ...
investingLive European markets wrap: Dollar, gold enjoying their time in the sun Headlines:Another day where both gold and the dollar are standing outUSD/JPY ramps higher as the upside breakout continues this weekGold continues to print record highs: US government shutdown keeps bearish risks awayEU reportedly sees fresh US demands on trade as ...
ECB's Muller: Inflation is where we want it to be Economy still on gradual path of growthBase case is there is gradual recovery in economyMuller made similar comments in the past weeks. Again, the majority of the ECB members are just waiting to see how the economy evolves in the ...
ECB's Rehn: Current situation is good but medium-term downside risks visible Downside inflation risks are apparent due, among other factors, to the appreciation of the euro and the stabilization of wage and services inflation.Will stick to meeting-by.meeting and data-driven approach in setting monetary policy due to uncertainty.Rehn is one of the ...
ECB's Escrivá: We are at appropriate level of interest rates, no need for further guidance Risks to inflation are well much balancedBut trade disruptions from US could be potentially inflationaryDownside risks to growth in the euro area have not emergedMeeting-by-meeting approach is to keep full optionalityThe environment is still uncertainThere could be an option for ...
Gold continues to print record highs: US government shutdown keeps bearish risks away Fundamental
OverviewGold extended the rally
into yet another all-time high today as the lack of bearish catalysts keeps the
bullish momentum going. The market continues to move by inertia, and given the
US government shutdown, there’s not much stopping this train. Even the US ...
ECB's Nagel: Current monetary policy is appropriate We are currently in a good situation.Inflation close to 2% target, seen remaining there in the coming years.Same old from the ECB members. This is what they've been repeating over and over again for several weeks now.
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ANZ forecast another 25bp rate cut from the RBNZ at its November meeting ANZ say the Reserve Bank of New Zealand 50bp cut is a neutral move:“I’d call this a pretty neutral 50 basis point cut”
“They have said they are open to further easing but have not explicitly signalled further easing”ANZ now forecast ...
Big session coming up from the Fed - FOMC minutes, Barr, Kashkari, Musalem, Goolsbee speak 1320 GMT / 0920 US Eastern time St. Louis Federal Reserve Bank President Alberto Musalem gives welcome remarks before the 2025 Community Banking Research Conference at the Federal Reserve Bank of St. Louis.1330 GMT / 0930 US Eastern time Federal ...
Recap: RBNZ surprises with 50-bp cut, hints at more easing as growth falters New Zealand’s central bank delivered a larger-than-expected 50-basis-point rate cut on Wednesday, lowering the official cash rate (OCR) to 2.50% and signalling that further easing may follow to support a sluggish economy.The bank has now reduced the OCR by a ...
NZD/USD lower after larger-than-expected Reserve Bank of New Zealand interest rate cut RBNZ rate cut:RBNZ cuts New Zealand cash rate by 50bp, more than expectedNote, there is no press conference scheduled after this meeting. NZD/USD marked down:
...
RBNZ cuts New Zealand cash rate by 50bp, more than expected RBNZ cuts New Zealand cash rate by 50bp, more than expected. A 25bp rate cut was widely expected. Cash rate target now 2.5%, from 3%.NZD/USD has been marked down on the larger than expected rate cutNote that there is no ...
Counting down to the RBNZ interest rate cut - due at the top of the... The Reserve Bank of New Zealand is widely expected to cut its cash rate by 25bp:New Zealand Q3 business confidence 18% vs 22% previous quarterReserve Bank of New Zealand NZIER Shadow Board calls for 25bp interest rate cutING: RBNZ to ...
AUDUSD Technicals: AUDUSD is trading to a new low and moves away from topside resistance The AUDUSD is pressing to new lows as the North American session closes and the Asian Pacific session begins. The latest drop pushed the pair below a key confluence of support — the swing area between 0.6588–0.6598, the 38.2% retracement ...
This chart should terrify everyone in Japan Gold in US dollar terms right now is amazing but in yen terms it's frightening.Today for the first time it costs 600,000 yen to buy an ounce of gold. That's a three-fold increase since the dawn of the pandemic in ...
USDJPY extend to a new high for the day. Price approaches swing area high. The USDJPY is continuing its run to the upside trading to a new intraday high at 151.11.The next key target comes in at 151.307, the top of a swing area between 150.757 and 151.307. This zone stretches back to February ...
USDCHF technicals: The USDCHF has been trading up and down with a defined ceiling The USDCHF continues to chop back and forth. Yesterday, the pair rallied only to give back all of its gains, ultimately sliding to a fresh low at today’s Asian open — the weakest level since last Wednesday. Since then, buyers ...
The USD is running higher as the North American traders enter for the day The USD is trading higher and at new highs for the three major currency pairs - the EURUSD, USDJPY and GBPUSD - as the North American session begins. IN the video above, I take a look at those three major ...
Russell 2000 Technical Analysis for Today with tradeCompass (Oct 7, 2025) Russell 2000 Futures Analysis Summary and Key Trade LevelsBullish above: 2497.5
Bearish below: 2494.5
Primary Bias: Bullish around the 2500 round number
Partial Targets: 2504.2 2506.3 2511.5 2523.2Russell 2000 Market Context and Directional BiasAt the time of this analysis, Russell ...
The USDJPY corrected lower in the US session but is bouncing back. What next? The USDJPY rose sharply coming into the US session, but corrected lower in the US session. Although the price moved below a support target at 150.00, the decline was still modest compared to the sharp rise from Friday's low. As ...
The Russell 2000 is the most-interesting stock chart in the world The Russell 2000 is up 1.0% today to a record high and it's leading US major averages.The index is heavy on financials, industrials and consumer discretionary, which means it's a much better barometer of the underlying US economy than the ...
USDCAD tests the 100 hour MA ....again The USDCAD tested its 100-hour moving average earlier today and found willing buyers, sparking a move higher. That rebound carried the pair back above the 200-day moving average for the second time in today’s trading (the first coming during the ...