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EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the current week. The pair trades at 1.1738, up 0.28%, at the time of writing.Shared currency consolidates with light data and split Fed rhetoric keeping traders cautiousThe US economic docket has been light, featuring speeches by Federal Reserve (Fed) officials, as the Nonfarm Payrolls report for September had been delayed. Vice-Chairman Philip Jefferson said that although it is not ideal not to get job data, they have enough information to do…
“I’m looking for a financial planner, marriage counselor and, possibly, a divorce attorney.”
Highlights include Fed Meeting Minutes, ECB Minutes, RBNZ, Canada jobs, OPEC+, Japan LDP leadership election SAT: Japanese LDP Leadership Election SUN: OPEC+ Meeting Fed Meeting Minutes MON: EZ Construction PMI (Sep), Sentix (Oct), US Employment Trends (Sep), New Zealand NZIER (Q3) TUE: EIA STEO; German Industrial Orders (Aug), US International Trade (Aug), Canadian Trade Balance (Aug), Ivey PMI (Sep), Chinese FX Reserves (Sep) WED: RBNZ & NBP Policy Announcements, FOMC Minutes (Sep), BoJ’s Ueda; Japanese Overtime Pay (Aug), Swedish CPIF Flash (Sep) THU: ECB Minutes (Sep), Eurogroup Meeting; German Trade Balance (Aug), US Weekly Claims (TBC) FRI: Norwegian CPI (Aug),…
The NBA takes a big leap into streaming, while viewers can cozy up to Netflix’s ‘Nobody Wants This’ or freak out to the Halloween horror of ‘Monster: The Ed Gein Story’ and ‘It: Welcome to Derry’
As Singapore buzzed with energy in the lead up to the F1 race weekend, BullionStar welcomed a select group of special guests for an exclusive behind-the-scenes vault tour. This private visit offered a rare opportunity to step inside BullionStar’s operational precious metals vault — a secure facility that safeguards more than USD 1 billion in gold, silver, and platinum on behalf of customers from over 100 countries across the world. This private visit offered a rare opportunity to step inside BullionStar’s operational precious metals vault — a secure facility that safeguards more than USD 1 billion in gold, silver, and…
Emerging-market stocks recorded the ninth consecutive month of gains — the longest winning streak since 2004 — thanks to accelerating inflows and strong demand for Asian technology shares, per a Bloomberg article, as quoted on Yahoo Finance. A weak dollar environment, Fed rate cuts and the Chinese tech share rally are some of the factors that have boosted emerging market stocks. iShares MSCI Emerging Markets ETF (EEM) has gained 29.5% so far this year and added about 8.1% past month. This compares with the S&P 500’s approximately 14.5% year-to-date gains and a 4% monthly uptick. Why Emerging Markets are good bets Undervaluation First,…
TV legend Johnny Carson’s former longtime California dwelling has hit the market for $110 million—two decades after he died in 2005.
Why the Next Fed Chair Matters: Yield Curve Steepening, Fed Independence, and Market Implications Treasury Yield Curve The combination of loose U.S. fiscal policy and an easy monetary policy stance is raising red flags for global investors. Together, they increase the risk of higher inflation and could undermine confidence in the U.S. dollar. At the same time, concerns about the independence of the Federal Reserve may already be contributing to the recent steepening of the U.S. Treasury yield curve. This is why the appointment of the next Fed Chair is more than just a Washington decision. It is a major…
It’s a bad time for the data to disappear.
European Central Bank (ECB) policymaker Martins Kazaks said on Thursday that “current interest rate level is very appropriate.”Additional quotesRates can stay where they are if no further shocks.Uncertainty remains very high.Must retain full freedom of action.Market reactionAt the press time, EUR/USD is up 0.20% on the day at 1.1754. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Canadian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.22%-0.18%-0.31%0.02%-0.06%-0.49%-0.19%EUR0.22%0.03%-0.10%0.23%0.15%-0.15%0.02%GBP0.18%-0.03%-0.12%0.16%0.14%-0.17%0.00%JPY0.31%0.10%0.12%0.32%0.25%-0.27%0.16%CAD-0.02%-0.23%-0.16%-0.32%-0.08%-0.35%-0.22%AUD0.06%-0.15%-0.14%-0.25%0.08%-0.37%-0.16%NZD0.49%0.15%0.17%0.27%0.35%0.37%0.34%CHF0.19%-0.02%-0.00%-0.16%0.22%0.16%-0.34% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked…