Major European indices closed mostly higher to start the week, but the gains were modest. The gains and mostly indices come despite weaker S&P/Global PMI flash data. A snapshot of the closing levels show: German Dax, +0.58%France’s CAC, +0.06%UK FTSE 100, +0.36%Spain’s Ibex, +0.38%Italy’s FTSE MIB, -0.24% As…

Geopolitics: Israeli military says it is now targeting BeirutHezbollah also stated it’s top commander Ahmed Wahbi was killed during Israelis strike on Beirut suburbsIsreal attack targeted Hezbollah leader Ali Karaki Iran warned Israel of “dangerous consequences” following the strikes on what Israel said were Hezbollah targets that killed…

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The City of Virginia Beach Development Authority (VBDA) has announced the launch of the Virginia Beach Small Business Grant Program, aimed at providing financial support to eligible small businesses in the city. Grants of up to $10,000 will be awarded to qualifying businesses, including those that are small,…

Comfortable with 50 bps, shows fed is focused on risks around employment, not just inflationInflation is way down from peak, labor market is at full employmentKeeping rates at decade-high does not make sense when you want things to stay where they areTo reach a soft landing you can’t…

The USDCHF has been consolidating since August 20 or so with most of the price action between 0.8400 and 0.8537. That’s not alot of trading range over that time period. Buyers and sellers are battling it out. In the shorter-term, the price action on Friday and again today…

Consumer sentiment is not a good indicator for spending behaviorUntil the recent rate cut, falling inflation has meant that has been tightening policy.We are shifting back to a normal dual mandate mode.We are 100s of basis points above the neutral rate.If conditions continue like this, there are a…

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Weaker flash PMI data sent the EURUSD and GBPUSD sharply lower in the European session, but while the GBPUSD retraced all this declines, the EURUSD remains lower. Technically,, the EURUSD fell below its 100 hour moving average of 1.11382. Recall on Thursday and Friday of last week, the…

Deutsche Bank expects the euro to fall back to 1.08 by year end. They mainly take issue with the dollar side of the trade, noting that most G10 central banks are priced to converge to a terminal rate of around 2-3%. By virtue of the Fed having the…