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Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the October policy meeting and responds to questions from the press.Follow FXStreet’s ECB Live Coverage hereECB press conference key quotes”Manufacturing is held back by tariffs.””Divergence between domestic and external demand is expected to persist.””Economy to benefit from consumption.””Labour demand has cooled.””Household savings are unusually large.””Labour costs to moderate further.””Forward-looking wage indicators point to slower wage growth this year.””Measures of longer term inflation expectations around 2%.””Some growth downside risks have been mitigated.””Trade environment is volatile.””Outlook for inflation more uncertain than usual.””Stronger euro…
The VIX doesn’t usually rise when the market is closing at records.
What Is Month-End Rebalancing? Euro Exchange At the end of every month, global institutional investors, including pension funds, insurance companies, and asset managers, rebalance their portfolios. Their holdings span multiple asset classes (stocks, bonds, and sometimes commodities) and regions. When one region’s assets outperform, its weighting within the portfolio can become too large relative to the target allocation. To restore balance, investors sell outperforming assets and buy underperformers, often triggering foreign exchange (FX) transactions in the process. For example:• If U.S. equities outperform foreign markets, a global portfolio becomes overweighted in USD-denominated assets. Investors may sell USD and buy foreign…
Home-price growth continues to slow in the 20 biggest metro areas in the U.S., as the housing market buckles under the weight of high mortgage rates and high home prices.
The Japanese Yen (JPY) attracts strong follow-through buyers for the second straight day and climbs to a one-week high against a softer US Dollar (USD) during the Asian session on Wednesday. Comments from Japan’s Economics Minister Minoru Kiuchi on Tuesday fueled speculations about a possible government intervention to stem further JPY weakness. Moreover, the outcome of a high-profile meeting between Japan’s new Prime Minister Sanae Takaichi and US President Donald Trump also contributes to the JPY’s relative outperformance.Meanwhile, supportive remarks from US Treasury Secretary Scott Bessent, along with bets for an imminent interest rate hike by the Bank of Japan…
Hollywood heavyweight Mark Wahlberg has forked over $37 million to buy a newly flipped, fully furnished Florida mansion on an exclusive stretch known as “Billionaires Row.”
Opening Week Gaps Explained Best Trades What Are Opening Week Gaps? An opening week gap refers to the difference between the previous Friday’s closing price and the Monday (or Sunday in forex) opening price of a market. These gaps occur when markets reopen after the weekend and prices “jump” due to new information, breaking news, or changes in sentiment while markets are closed. In forex trading, markets technically run 24/5, but most liquidity dries up late Friday and resumes Sunday evening (New York time). The first quoted price Sunday often opens at a different level, creating what’s called a…
The Fed needs a 24/7 system for banks to move cash. This futures contract could be the answer.
Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets. At the time of writing, XAU/USD is trading around $4,020, down over 2.0%, extending its retreat from last week’s record high of $4,381 after a wave of profit-taking spurred by progress in trade talks.Positive trade headlines have boosted market sentiment, with equities extending gains across the globe. Over the weekend, US and Chinese negotiators reportedly reached a preliminary trade framework, setting the stage for further progress ahead of President Donald Trump’s meeting with his Chinese counterpart, Xi Jinping, on Thursday. Trump…
Top negotiators for the U.S. and China expressed optimism Sunday that a new trade deal is in reach, ahead of a meeting later this week between President Donald Trump and China’s President Xi Jinping.