Category Finance

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German DAX futures -0.6%UK FTSE futures -0.6% This follows from the solid showing yesterday as well for European indices. US futures are also holding lower, so that’s weighing on the mood a fair bit. S&P 500 futures are down 0.3% after Wall Street managed to salvage a more…

There are a couple to take note of on the day, as highlighted in bold. The standout ones are for EUR/USD at the 1.1200-10 levels. There is already key technical resistance holding the pair thereabouts as seen here, so the expiries will add another layer to that. So,…

Today the calendar is empty. The markets will either consolidate or continue to trade based on yesterday’s surprisingly weak US consumer confidence report. The labour market details in the report softened a lot and the market raised the probabilities for a 50 bps cut in November to roughly…

Major currencies are trading lightly changed for the most part so far today, although risk sentiment is slightly softer ahead of European morning trade. Both US and European futures are lower and that is tempering with the optimism slightly from earlier in the week. AUD/USD briefly moved up…

Prior 92; revised to 93 French household confidence picked up again in September, nudging up to its highest since February 2022. It still keeps below the long-term average of 100 but at least overall conditions are improving. Unemployment fears decreased while worries about price pressures also showed signs…

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The U.S. Department of Justice has filed a civil antitrust lawsuit against Visa, accusing the company of monopolizing debit network markets in violation of Sections 1 and 2 of the Sherman Act. The complaint, filed in the U.S. District Court for the Southern District of New York, alleges…

Here’s a snapshot of the month-to-date (MTD) changes among major currencies against the dollar as a benchmark. That and how things have played out after the Fed last week, alongside what other major central banks did during the month. Outside of the yen, the dollar has weakened significantly…

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