europefx Key Takeaways: 📈 Dollar is on track for fourth straight week of gains 💵 Positive economic data has soothed expectations of Fed rate cuts 🏗 European sentiment and outlook are showing signs of improvements 🎌 Japanese election may complicate monetary policy plans 💰 The dollar has slightly decreased after recent data releases 📉 Market analysts … Read more
Key Takeaways: 💵 US dollar is on track for a weekly gain of around 0.6% 📉 Euro is on track for a weekly loss of more than 0.3% 🏴 GBP/USD is heading for a weekly loss of around 0.5%, but has edged away from a two-month low 📉 Reduced expectations of aggressive Fed rate cuts … Read more
Key Takeaways: 💵 Most Asian currencies weakened slightly on Friday as dollar held weekly gains 🗳️ Japanese yen steadied near its weakest level in three months ahead of general election 📉 Yen was worst performer this week among Asian currencies 🇯🇵 Sentiment towards Japanese markets tense before general election on Sunday 🏛️ Government warnings of … Read more
Key Takeaways: 💵 South Korea to regulate cross-border transactions of virtual assets to enhance investor protection and prevent money laundering 📋 Registration and reporting requirements start in the second half of 2025, after completing legislative requirements 🏦 Businesses must register and report transactions to the Bank of Korea 🛡️ Focus on combating foreign exchange-related crimes … Read more
Key Takeaways: 💥 Putin warns of a potential all-out war in the Middle East, particularly between Israel and Iran 🕊️ China and Xi Jinping advocate for political settlement in Ukraine and a two-state solution in the Middle East 🔥 Iranian President criticizes international organizations, especially the United Nations, for failing to end conflicts in the … Read more
Key Takeaways 💸 Cross-border payments for trade between BRICS countries are facing difficulties 🌍 Russian President Putin stated that no plans for a special payment system are currently in place 🤝 Alternative payment system in national BRICS currencies was outlined by Russia 📈 Delays in payments with major partners like China and Turkey are causing … Read more
Key Takeaways 💬 Xi Jinping and Narendra Modi met after resolving a military stand-off 🌍 Major leaders attended BRICS summit, including Xi, Modi, and Erdogan 🤝 Over 30 countries interested in joining BRICS, expansion unclear 💰 BRICS predicted growing influence with common projects ⚔️ Putin warned of Middle East on brink of full-scale war 🔥 … Read more
Key Takeaways: 💥 Putin warns of Middle East on the brink of full-scale war 🤝 Xi Jinping calls for political settlement and joint efforts for peace 🇵🇸 Establishment of sovereign, independent Palestinian state within 1967 borders advocated 🔥 Iranian President criticizes UN for failing to end conflict in Gaza and Lebanon 🕊️ United Nations Secretary-General … Read more
Key Takeaways: 💵 The US dollar strengthened in October on the rising probability of a Trump win 📉 The Dollar Index traded lower, but remains close to three-month highs 📊 A Trump victory could impact asset markets significantly if Republicans win House and Senate 🔔 A Harris win with a split Congress could be a … Read more
Key Takeaways: 💵 The U.S. dollar slipped slightly but remains near three-month highs underpinned by expectations of fewer interest rate cuts. 🇺🇸 Markets expect around 50 basis points cuts for the rest of the year, pointing to a probable 25 bps cut in November. 🇪🇺 In Europe, French economic data was negative, while German data … Read more