Japan 5year Japanese Government Bond auction reflects modest cautionJapan 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 dealHedge 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 laterEuropean 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 ...
AUD traders heads up: Reserve Bank of Australia Governor Bullock speaks on FridayAppearance 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 ThursdayBank 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 Thursday1215 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 ...
China's Commerce Ministry tightens rules on rare earths exportsChina 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 governorFormer 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 ...
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 reopeningSenate 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 ...
UK housing market, business confidence slump ahead of Reeves’ November budgetBritain’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 ...
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 2030Deutsche 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 ...
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 uncertaintyThe 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 reopenChina'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 ...
We have no idea what's coming as rich boomers ageBlackrock 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 $62.55The 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 sectorsCanadian 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 2025Some 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 hourThis 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 ...
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 ...
BOE's Pill: Mon policymakers should make a clear and credible commitment to targetsDoesn'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 ...
The USD is higher to start the day with the USDJPY leading the way againThe 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 sunHeadlines: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 beEconomy 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 visibleDownside 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 guidanceRisks 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 awayFundamental 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 appropriateWe 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. ...
ANZ forecast another 25bp rate cut from the RBNZ at its November meetingANZ 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 ...
Recap: RBNZ surprises with 50-bp cut, hints at more easing as growth faltersNew 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 ...
RBNZ cuts New Zealand cash rate by 50bp, more than expectedRBNZ 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 ...
This chart should terrify everyone in JapanGold 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 ...
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 Russell 2000 is the most-interesting stock chart in the worldThe 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 ....againThe 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 ...