Oil daily Various reports suggest that Israel won’t strike Iran’s oil infrastructure in retaliation for recent strikes. The latest report cited officials from the Biden administration, speaking anonymously to the Associated Press, was said that Israel has pledged not to attack Iranian oil and nuclear sites. However, these officials express skepticism about the reliability of
Here’s a snapshot of things at the moment: S&P 500 futures flat Nasdaq futures -0.1% Dow futures +0.2% Eurostoxx -0.4% Germany DAX +0.2% France CAC 40 -0.7% UK FTSE -0.4% In Europe, the overall mood is more mixed with only the DAX looking to push up. The German index briefly touched record highs earlier as
Gold slips as China’s stimulus efforts fail to ease deflationary pressures. Minneapolis Fed President Kashkari’s comments on modest rate cuts and a strong labor market further support the Greenback. Geopolitical tensions, including Israel’s response to Hezbollah and Iran, continue to influence Bullion prices, with traders eyeing US economic data later this week. Gold price retraces
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
ING has taken an optimistic view of the Saturday briefing from China’s Ministry of Finance (MoF). Say the MoF highlighted key priorities aimed at stabilizing the property market and addressing local government debt issues. The ministry signaled that special bonds would be issued to support both bank recapitalization and real estate stabilization efforts. Additionally, the
UPCOMING EVENTS: Monday: US and Canada Holiday, Fed’s Waller. (US stock market open/bond market closed) Tuesday: UK Labour Market report, German ZEW, Canada CPI, New Zealand Q3 CPI. Wednesday: UK CPI. Thursday: Australia Labour Market report, ECB Policy Decision, US Retail Sales, US Jobless Claims, US Industrial Production and Capacity Utilization, US NAHB Housing Market
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The State Council Information Office of China held a highly-anticipated press conference on Saturday, led by Finance Minister Lan Fo’an. The market was hoping for further announcements on fiscal stimulus after an invitation said to media said officials would outline the country’s plans for intensifying countercyclical adjustments to its fiscal policy. Instead, the press conference
Gold gains 1% on Friday, set to end the week with 0.20% gains. US PPI data was slightly above expectations, suggesting inflation is down but stalling above target, while UoM Consumer Sentiment highlights concerns over rising living costs. Despite higher US Treasury yields, with the 10-year note rising to 4.081%, Bullion prices remain supported as
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not