Italy’s industrial production declined more-than-expected in August, and at the steepest pace in eight months, the statistical office ISTAT reported Friday. Industrial output contracted 2.4 percent month-on-month in August, in contrast to the 0.4 percent increase in July. The expected fall was 0.4 percent. Further, this was the sharpest decrease since December 2024, when production […]
Greece Industrial Production (YoY) dipped from previous -0.5% to -2.9% in August Source link
Key takeaways Gold (XAU/USD) surged 8.5% since late September, breaking above US$4,000 to hit a new all-time high of US$4,059. The rally is driven by demand for inflation hedges and fears of fiat currency debasement amid fiscal concerns. Technical indicators show an overstretched uptrend, raising the risk of a short-term pullback below US$4,012. The medium-term
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The USD/JPY outlook remains broadly bullish with mild pullbacks amid intervention fears. The US dollar gains safe-haven demand due to political chaos in Japan and Europe. Investors are eying consumer sentiment data today for more impetus. The US dollar trades mixed against the Japanese yen on Friday after marking a fresh eight-month top above the
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The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, recovering its recent losses registered in the previous session. The AUD/USD pair gains ground following the cautious remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock. RBA Governor Bullock stated on Friday that services inflation remains somewhat sticky. Bullock noted that
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US Treasury Secretary Scott Bessent said on Friday that we are going to see rebalancing where India buys less Russian oil soon. Key quotes Soon we are going to see rebalancing where India buys less Russian oil.India is going to start rebalancing over next few weeks and months in favor of U.S. oil.Argentina’s leader will be
Producer prices in Japan were up 0.3 percent on month in September, the Bank of Japan said on Friday. That exceeded expectations for an increase of 0.1 percent following the 0.2 percent contraction in August. On a yearly basis, producer prices climbed 2.7 percent – again topping forecasts for 2.5 percent but unchanged from the
The manufacturing sector in New Zealand continued to contract in September, albeit barely, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9. That’s unchanged from the August reading, and it remains just barely beneath the boom-or-bust line of 50 that separates expansion from contraction. Among the individual
New Zealand Business NZ PMI remains unchanged at 49.9 in September Source link
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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The European Central Bank policymakers felt no immediate pressure to adjust interest rates in September as risks to both inflation and growth were seen as balanced and the high uncertainty linked to trade policies also justified the stance as this would give more time to assess the real impact of tariffs on the economy, minutes
Hedge funds switch yen bets after Japan election shock – FX Markets Skip to main content End of drawer navigation content Takaichi victory forces unwinds and a move to topside trades, while barriers give dealers a headache The surprise outcome of the Japanese election has led to a U-turn among many macro hedge funds that
The Canadian Dollar (CAD) extends its decline against the US Dollar (USD) on Thursday, with USD/CAD climbing above the 1.4000 psychological mark to reach its highest level since April 10. At the time of writing, the pair is trading around 1.4019 during the American session, up nearly 0.45% on the day, as the Greenback retains
