Category Finance

Empire Fed Sept manufacturing survey +11.5 vs -4.75 expectedCanada July manufacturing sales +1.4% vs +1.1% expectedECB’s Lane: Incoming data on wages and profits have been in line with expectationsECB’s Kazaks: Interest rates will continue to be loweredWH Brainard: It is now important to safeguard progress in US labor…

The US major stock indices are closing mixed. The Dow industrial average and closing at a record closing level. The S&P index is closing around 0.6% from a record closing level and is now up 6 consecutive days. The NASDAQ index is closing lower and snapped a 5-day…

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.

It’s a very sparse data agenda. China and South Korea remain closedJapan reopens after its holiday Monday As a ps. Hong Kong will be closed tomorrow. This article was written by Eamonn Sheridan at www.forexlive.com.

Goldman Sachs’ projections, citing Fed rate cuts as a key driver: end 2024 target 5600 points6-month target 570012-month target 6000 points GS expect the Federal Open Market Committee (FOMC) to cut by 200 basis points by the end of 2025 – Last I have from GS is expecting…

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The price of WTI crude oil is settling at $70.09. The low for the day reached $68.68. The high for the day extended up to $70.66. Technically, the price low today stalled right near its 200-hour moving average. That moving average is currently at $68.62. The subsequent move…

Before Nick Timiraos, the WSJ Fedwatcher was Jon Hilsenrath. He left the WSJ last year but is still watching the Federal Reserve and weighed in today, saying the Fed will cut by 50 basis points on Wednesday. The Fed is on what I call an “Express Train” to…

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