The USDCAD reverses back higher after the sellers failed to take short term control !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
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A report released by MNI Indicators on Wednesday showed a substantial rebound by its reading on Chicago-area business activity in the month of September. MNI Indicators said its Chicago business barometer spiked to 58.8 in September from 47.1 in August, with a reading above 50 indicating growth. Economists had expected the index to jump to
The Commerce Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose by slightly less than expected in the month of August. The Commerce Department said its personal consumption expenditures (PCE) price index increased by 0.3 percent in August following a revised 0.1 percent uptick in July. Source link
Sterling Rallied, Dollar Fell and Aussie Fell Even Harder Today’s themes: Dollar: softer headline and core PCE reinforced New York Fed President John Williams’ case that there is “no need for urgency” on another hike, pulling October Fed odds from around 51% to 37.1%. Aussie: headline CPI jumped to 4.0% y/y, but a soft trimmed
The bottom line Nike’s 1 October results come at a critical point for the turnaround. The company has already made significant strategic changes under Elliott Hill, including refocusing on performance products, rebuilding wholesale relationships and attempting to improve the quality of its inventory. However, the financial results have yet to provide convincing evidence of a
Crude oil comes under renewed pressure as US-Iran negotiations advance, US releases SPR !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
2026.09.30 2026.09.30 Brent Stays Elevated Despite Middle East Export Recovery. Forecast as of 30.09.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Iran’s chokehold on Gulf oil exports is loosening. As a result, the country has lost a key negotiating advantage in talks with the US. At the same time, the US embargo increases the risk of further escalation in the
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TL;DR: Sterling’s rally started before today’s stronger UK GDP data—markets now price an 89.2% probability of a November BoE hike and a terminal rate near 4.86%, with GDP confirming the hawkish repricing already underway rather than triggering it. Why This Matters It’s tempting to credit a strong data release for a currency’s rally on the
Why central bank members’ comments and speeches matter for markets !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
A strong positive sentiment is expected to prevail in European stock markets on Wednesday amidst a sharp decline in Fed rate hike expectations. The decline in crude oil prices, the easing in bond yields and the dollar’s retreat are also expected to bolster sentiment. Anxiety ahead of the release of PCE-based inflation readings from the
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TL;DR: EUR/JPY and AUD/JPY have broken key technical support this week, but the weekly performance breakdown shows only 0.1–0.3 percentage points of that weakness comes from genuine Yen strength—the rest reflects Dollar and Yen as the two strongest majors, with intervention risk capping USD/JPY and forcing Euro, Aussie, Sterling and Kiwi weakness to pass directly
USD/JPY slips to around 156.4 as half-year-end flows and Fed comments weigh !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
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The Thai stock market has finished lower in back-to-back sessions, slipping more than a dozen points or 0.7 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it’s expected to see continued consolidation on Wednesday. Source link
