Category Finance

UBS cite various supply and demand factors for their forecast. Beginning with Federal Reserve’s growth-oriented monetary policy contributing to a favourable environment for oil prices. UBS point out that Brent crude often benefits from positive market sentiment, which has improved since the Fed began easing its policies. In…

Federal Reserve Governor Kugler speaking in Q&A now We’re at a place where we don’t want labour market to weaken furtherMakes sense to shift attention to employment mandate.Inflation measures excluding housing are near 2%, but that’s not what we target.We are making very good progress, but not at…

US sells 5-year notes at 3.519% vs 3.519% WIRussian Putin: Current military – political situation is changing dynamicallyHurricane Helene expected to make landfall in Florida on Thursday eveningUS crude oil inventories for the current week -4.471M versus -1.354M estimateUS new home sales units for August 0.716M vs 0.700M…

The House just passed a continuing resolution to fund the government until December 20 The vote was 341 for. Democrats and some Reblicans voted for. The 82 against were Republicans. The passage was expected. The downside to this is we get to do this **** all over again…

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A federal court in the Northern District of Illinois has permanently enjoined Sir Michael Joseph Davenport, a tax preparer from Joliet, Illinois, and his company, My Unity Tax Financial & Tax Preparation LLC (My Unity Tax), from preparing federal tax returns for others. Davenport is also barred from…

The NZDUSD has been tracking the 100-hour MA higher There have been some brief moves below the 100 hour MA over the last few weeks, with a few times when the price dipped below the MA but quickly rebounded higher. Today, there has been another dip below the…

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

Ahead of Kugler, the market was pricing in a 62% chance of a 50 bps cut on November 7. Says she will support additional rate cuts going forwardFed should keep focus on reducing inflation and also shift attention to maximum employmentEstimates PCE inflation at 2.2% in August, Core…

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