
What are the main events for today?
In the European session, the only notable event was the release of the UK Retail Sales. The data beat expectations across the board by a big margin and gave the GBP a boost.There's nothing else on the agenda for the current session although…

Gold (XAU) Daily Forecast: Uptrend Continues as Investors Eye Fed’s Next Move and Gold Hits $2,710...
This marked its first consecutive cuts in over a decade, as the ECB battles a weakening economic outlook. Analysts predict more cuts are on the horizon. In the U.S., traders expect the Federal Reserve to continue its easing policy after…

Pure Gasoline and Oil Forecast: Reversal or Breakdown? Key Resistance Ranges to Monitor...
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FX possibility expiries for 18 October 10am New York lower
There is only one to be aware of on the day, as highlighted in daring.That being for EUR/USD on the 1.0850 stage. It is not one which ties an excessive amount of with any key technical ranges however the expiries might assist to only hold…

Dax Index Information: Fee Lower Bets Propel DAX to Report Ranges, Markets Eye 19,750...
Frederik additionally highlighted the importance of the October charge lower, saying,
“The ECB by no means lower charges at a daily assembly in October. The one time they did lower charges in October was in 2008, following an emergency…

UK retail gross sales the spotlight of the agenda within the session forward
A stronger US retail gross sales report yesterday helped hold the greenback in a great place on the week. In the meantime, the euro was shaky from the ECB coverage determination as Lagarde did not consolation the economic system doomsayers.…

PBOC Governor says 7-day reverse repo fee shall be lowered by zero.2%
Folks's Financial institution of China governor Pan Gongsheng
Anticipated
that relying available on the market liquidity scenario by the top of the
yr, the reserve requirement ratio may very well be additional diminished
to
obtain dynamic…

Cling Seng Index: Positive factors Regardless of China Slowdown, Nikkei Regular on Inflation Information...
After hours, Netflix Inc. (NFLX) rallied 5.03% on beating Q3 earnings estimates.
US Retail Gross sales and Labor Market Information Affect Fed Price Path
US retail gross sales elevated by zero.four% in September after rising by zero.1% in…

China Nationwide Bureau of Statistics (NBS) official says financial indicators positve change
China's Nationwide Bureau of Statistics (NBS) deputy chief feedback:September
financial indicators confirmed constructive modificationsChina's international commerce scenario this 12 months higher than anticipatedBasis for financial restoration…

China September new house prices -5.7% y/y (prior -5.3%)
China home price data for September 2024:-5.7% y/yprior -5.3%-0.7% m/mprior also -0.7%We've been banging on all year (more?) about the vicious cycle of lower home prices breeding buyer reluctance (why buy no when prices fall, get it cheaper…