Category Finance

The Fed gave market players what they wanted with a 50 bps rate cut yesterday. And the aftermath so far has been… fairly calm to be fair. The dollar did drop on the kneejerk reaction yesterday but that didn’t last too long. Treasury yields are bouncing back up…

Prior CHF 4.89 billion; revised to CHF 4.88 billion The Swiss trade surplus narrowed in August with the breakdown seen below: This article was written by Justin Low at www.forexlive.com.

German DAX futures +0.7%UK FTSE futures +0.8% US futures are also on the up with tech shares leading the charge. S&P 500 futures are now up 1.0% while Nasdaq futures are up by 1.5% on the day. Dow futures meanwhile are up by 0.6% currently. Fresh highs are…

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A federal jury in San Diego has convicted Leronce Suel, a California restaurant owner, of multiple charges, including wire fraud, conspiracy, and tax crimes, for his role in schemes to defraud COVID-19 relief programs and file false tax returns. According to court documents and evidence presented at trial,…

Amazon today announced new enhancements to its direct-to-customer offerings, Buy with Prime and Amazon Multi-Channel Fulfillment (MCF), during its Accelerate seller conference. These enhancements are designed to help merchants grow their businesses on their own websites and other sales channels beyond Amazon.com. Both services continue to experience significant growth,…

New Zealand remains in a prolonged recession. RBNZ needs to get cash rate below 4%, asap.Bank of England Interest Rate Decision: Analysts Predict No Change in RatesAustralian August unemployment rate 4.2% (vs. 4.2% expected)PBOC sets USD/ CNY reference rate for today at 7.0983 (vs. estimate at 7.0924)What’s coming…

August National CPI data from Japan is due on Friday. We have had the Tokyo CPI data for August, which came in higher vs. July: Tokyo area Aug inflation data: Headline 2.6% y/y (prior 2.2%) The Bank of Japan statement follows a few hours later. There is no…

The kneejerk reaction was for a weaker dollar as yields came off slightly as well. But all that didn’t last too long as the yields bounced back alongside the dollar. Equities raced higher initially too before falling back to close lower by the end of the day. The…

The firm is changing up their call after the Fed moved more aggressively to start things off with a 50 bps rate cut here. Their previous call was for the Fed to only perform quarterly cuts in 2025. But now, they are expecting the Fed to go with…