Japan’s tertiary activity index increased for the third straight month in September, according to data from the Ministry of Economy, Trade, and Industry on Friday. The seasonally adjusted tertiary activity index rose 0.3 percent on a monthly basis, following a 0.1 percent increase in August. Among the individual components, transport and postal activities, utilities, real
Risk aversion returned forcefully overnight, with Wall Street suffering its steepest daily decline in a month as investors unwound exposures. The reopening of the U.S. government offered no support to sentiment, with markets instead refocusing on the prospect that a December Fed rate cut is far from assured. Comments from several Fed officials pushed back
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The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, recovering losses registered in the previous session. The AUD/USD pair gains ground following the release of China’s Industrial Production and Retail Sales data for October. Any change in the Chinese economy could impact the AUD as China is a major trading partner for
The U.S. State Department has approved a possible US$330 million sale of fighter-jet spare parts and repair components to Taiwan’s de facto embassy, the Taipei Economic and Cultural Representative Office (TECRO). The Pentagon said the package would support the maintenance and sustainment of Taiwan’s existing aircraft fleet, enhancing the island’s readiness amid rising regional security
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The manufacturing sector moved back up into expansion territory in October, the latest survey from Business New Zealand revealed on Friday with a Performance of Manufacturing Index score of 51.4. That’s up from 49.9 and it moves back above the boom-or-bust line of 50 that separates expansion from contraction. Individually, production (52.0), deliveries (50.6), finished
e-FX awards 2025 – the winners – FX Markets Skip to main content End of drawer navigation content Barclays, DB and State Street take two wins each, while Citadel, Citi, JPM and BNP also take top slots FX Markets is proud to announce the winners of the e-FX Awards for 2025. The roll of honour
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
Gold attracts dip-buyers during the Asian session on Friday, stalling the previous day’s pullback from a three-week high amid risk-off sentiment. Moreover, economic concerns weigh on the US Dollar and support bullion. However, reduced bets for a Fed rate cut in December may limit gains for the non-yielding metal, which still remains set for strong
Reserve Bank of New Zealand Monetary Policy Committee member Prasanna Gai warned that global forces are reshaping the economic landscape and clouding the outlook, arguing that policymakers must adapt to a world marked by geopolitical friction, climate risks and ongoing supply-chain strains. Speaking at the Ethnic Xchange Symposium in Auckland, Gai said the world is
Ireland’s inflation accelerated for a third month in a row to its highest level in over one-and-a-half years, led by higher food prices and the rising cost of education, preliminary data from the Central Statistics Office showed on Thursday. The consumer price index rose 2.9 percent year-on-year following a 2.7 percent increase in September. Economists
United States EIA Crude Oil Stocks Change came in at 6.413M, above forecasts (2M) in November 7 Source link
Risk assets have been yo-yoing since mid-October, with fundamentals turning increasingly obscure amid the absence of US data, leaving investors hesitant to take on new risk. Cryptocurrencies have also been flashing mixed signals following the early-October rallies in Bitcoin, Solana, and Ethereum. Despite ongoing market cap outflows, the crypto space has made solid progress this
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The forex markets were broadly indecisive today, with major currencies struggling to find convictions in their movements. Sterling initially fell after weaker-than-expected Q3 GDP print but the decline proved short-lived. The markets appeared to have already priced in a December BoE cut following earlier labor data. Instead, the focus has shifted toward the pace of
US economy has cautious optimism There is a premium on waiting to decide rates until you have as much info as possible Inflation is on its way down but still stubborn The labor market has slowed quite a bit Dec cut odds are down to just 54%. She still sounds inclined to support a cut
