Stocks Waver in Face of Debate on Size of Fed Cut: Markets Wrap
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Read MoreEurostoxx flatGermany DAX +0.1%France CAC 40 flatUK FTSE -0.2%Spain IBEX +0.1%Italy FTSE MIB +0.1% US futures are also only up slightly around 0.1%, so it’s really not indicative of much. In FX, the pound is up slightly after the UK CPI report earlier here. Meanwhile, USD/JPY is keeping…
Read MoreFundamental Overview Yesterday, we got some positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hurricane related weakness in July. The data put some pressure on gold and we might see some…
Read MoreEvery forex broker must grapple with brand development, while maintaining a level of quality and service that sets it apart from competitors. Of course, countless strategies exist to achieve this goal, however the best way to showcase one’s brand is securing the Finance Magnates Annual Awards (FMAA). After…
Read MoreAsia-Pacific (APAC)’s online trading and fintech industry elites congregated at the iconic Centara Grand & Bangkok Convention Centre at Central World in Bangkok on 17 September, to honour the most innovative and truly the best Brokers and Technology Providers in an official ceremony organised by Ultimate Fintech. The…
Read MoreFundamental Overview Last Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market…
Read MoreGerman DAX futures -0.1%UK FTSE futures +0.2% European equities will have to fend for themselves today, after the gains from yesterday were followed up by a more tepid session in US trading. The S&P 500 and Dow both closed flat while US futures today are also not hinting…
Read MoreThat is down from ~37% previously coming into today. That means traders are seeing some ~74% odds of the BOE keeping rates unchanged tomorrow. And that is pretty much the consensus expectation in any case. From earlier: UK August CPI +2.2% vs +2.2% y/y expected This article was…
Read MoreThe rest of his comments are more in his capacity as Bank of France governor. He touches on the need to raise taxes and how his colleagues have expressed astonishment to France’s political situation. So, nothing else on the monetary policy front. Carry on as you will. This…
Read MoreThe only notable event in the European session was the UK CPI report which came out basically in line with expectations across the board, although the Core Y/Y figure was a touch higher than forecasts. We will also have the Eurozone CPI, but given that it’s the Final…
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