US September import prices -0.4% versus -0.2% estimate

Prior month import prices -0.3% revised to -0.2%US import prices MoM -0.4% versus -0.2% expectedUS export prices MoM -0.7% versus -0.4% expected Previous export prices revised to -0.9% from -0.7%Import prices year on year -0.1% which was…

US MBA mortgage applications w.e. 11 October -17.0% vs -5.1% prior

Prior -5.1%Market index 230.2 vs 277.5 priorPurchase index 138.4 vs 149.2 priorRefinance index 734.6 vs 997.3 prior30-year mortgage rate 6.52% vs 6.36% priorAmid a jump in rates, mortgage applications dropped hard in the past week with both…

GBPUSD Technical Analysis – The weak UK CPI is not enough for a breakout

Fundamental OverviewThe bullish momentum in the US Dollar seems to be waning despite the recent higher-than-expected US CPI and PPI reports. One caveat is that the market has now priced out the aggressive rate cuts expectations and it’s…

This catalyst might set off an enormous selloff in gold

The bullish momentum in gold stays unabated given the dearth of bearish catalysts. We did get a pullback ultimately of September/begin of October because the repricing within the aggressive fee cuts expectations raised actual yields and weighed…

EURUSD Technical Evaluation – Time for a pullback?

Elementary OverviewThe bullish momentum within the US Greenback appears to be waning regardless of the current higher-than-expected US CPI and PPI experiences. One caveat is that the market has now priced out the aggressive fee cuts expectations…

UK shares bounce again on the open in Europe in the present day

Eurostoxx -Zero.eight%Germany DAX -Zero.2%France CAC 40 -1.Zero%UK FTSE +Zero.eight%Spain IBEX +Zero.1%Italy FTSE MIB -Zero.1%It is a story of two sides in the case of the European open in the present day. For UK shares, they're benefiting…

Eurostoxx futures -Zero.2% in early European buying and selling

German DAX futures -Zero.1%French CAC 40 futures -Zero.2%UK FTSE futures +Zero.four%UK shares are poised for a extra constructive open, cheering on the softer inflation report simply moments in the past. US futures are retaining quieter although,…

Japan's largest union group Rengo reportedly eyes wage hike of 5% or extra in 2025

That might be a fine addition for the BOJ, after the 5.25% wage hike within the spring wage negotiations this 12 months. That was the very best since 2013, following the three.80% wage hike again in 2023 earlier than that.We'll solely get…

UK inflation on the agenda within the session forward

There have been some gentle strikes in Asia however main currencies have reverted again to maintain little modified total. You'll be able to try the abstract of the strikes right here as recapped by Eamonn. And here is a snapshot of the FX…

Bitcoin Worth Predictions Surging for 2024 Election 12 months

Customary Chartered has launched a report predicting a possible rise in bitcoin's worth, might strategy its earlier excessive of $73,800 within the lead-up to the U.S. presidential election.A couple of crypto shops cite the report.First:…