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
Key Takeaways: 💰 Asian currencies steadied with Japanese yen at 3-month low 📉 Increased risk aversion impacting regional currencies 🇨🇳 Traders waiting for stimulus measures in China 🗳️ Japanese general elections causing uncertainty in BOJ rate hikes 📈 Dollar boosted by expectations of smaller interest rate cuts 💼 Tesla reported a 17% rise in profits … Read more
Key Takeaways 💹 Dollar hits 3-month high against yen 📈 16th gain in 18 sessions for the greenback 🏥 U.S. economic strength dampens rate cut expectations 🗳 Investors position ahead of U.S. presidential election 🌐 Bias for a stronger dollar due to potential Trump hedges 💬 Fed expected to take a gradual approach to cutting … Read more
Key Takeaways 💲 The US dollar is strengthening against the Japanese yen, hitting a 3-month high. 📈 Economic data has led to a reduction in expectations for Federal Reserve rate cuts. 🗳 Investors are positioning ahead of the upcoming US presidential election. 🔄 The current market bias is favoring a stronger dollar as a potential … Read more
Key Takeaways: 🌍 Jim O’Neill, who coined the BRIC term, believes the BRICS group lacks the potential to challenge the U.S. dollar due to divisions between China and India 🔒 The BRICS summit is seen as a symbolic gathering rather than a genuine global economic club 💬 BRICS has achieved very little over the past … Read more
Key Takeaways 💵 Dollar rose above 152 yen for the first time since July, driven by expectations of no rate cuts by the Fed 🇯🇵 Yen under pressure due to sensitivity to U.S. yields and upcoming Japanese election 🔀 Moves in dollar/yen pair also affecting euro and pound against the yen 🇪🇺 Euro at over … Read more
Key Takeaways 💵 Dollar climbed above 152 yen for the first time since late July 📉 Interest rate gap widening between Japan and the United States 🇺🇸 Trump’s possible presidential victory impacting market movements and expectations 🗳️ Investors positioning ahead of the U.S. election amid a tight race 🇺🇸 Markets anticipate a Trump presidency leading … Read more
Key Takeaways 💵 Dollar Index traded 0.3% higher to 104.175, near a three-month high 📈 Expectations for aggressive interest rate cuts in the US fading 📊 WPP reported revenue rise, but cautioned on tough market conditions 🏦 Central bankers’ speeches and Bank of Canada interest rate decision are in focus for the day ⛏ Hochschild … Read more