Gold is trading on the negative side in early trading for the current session, and prices are witnessing some intraday stability below 1901. In terms of technical analysis, and by taking a look at the 240-minutes chart, we find that negative signs started to appear on the stochastic and began …
Read More »Euro Struggling and Hovering Around Support
The Euro started its first weekly trading attempting to rise, making use of intraday trading above 1.1720 after finding strong support around 1.1620. On the Technical side and by looking at the intervals, we see that the 50-day moving average meets around 1.1690/1.1700 giving some momentum, in conjunction with the …
Read More »FX Option Expiries For Oct 5 NY Cut
FX option expiries for Oct 5 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1700 1.1bn1.1730 760m1.1870 843m USD/JPY: USD amounts 104.05 360m104.50 450m105.00 1.3bn105.80 461m AUD/USD: AUD amounts 0.7160 535m0.7230 628m
Read More »Japan’s Nikkei Index Rises 1.3% in Early Trading in Tokyo
The Nikkei benchmark rose in early trading on the Tokyo Stock Exchange on Monday. Nikkei rose 1.3% to 23,309.8 points, while the broader TOPIX index increased 1.10% to 1626.85 points.
Read More »Oil Prices Rise 2% After Upbeat Signals From Trump Doctors
Oil prices increased by more than 2% on Monday, supported by statements from doctors to US President Donald Trump indicating that he could be discharged from the hospital today, a few days after he was diagnosed with the Coronavirus, which caused widespread panic. New information on Trump’s health reduced the …
Read More »Wall Street Plunged After Trump
Major indexes tumbled on Wall Street at the open after President Donald Trump had tested positive Coronavirus weeks before the presidential election, while sentiment is also affected by the fiscal stimulus and a distant slowdown in the domestic economic recovery. The Dow Jones Industrial Average fell 280.51 points, or 1.01%, …
Read More »NFP Rise by 661K in September
Nonfarm Payrolls (NFP) in the US rose by 661,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed August’s increase of 1,489,000 (revised from 1,3171,000) and fell short of the market expectation of 850,000.
Read More »ECB: Europe Must Prepare to Launch a Digital Euro ‘if and when’ Necessary
ECB council member Fabio Panetta said the bank should prepare for a digital euro issue that complements securities “if and when” necessary. Major central banks around the world are studying digital versions of their currencies in response to demand for electronic payments and to counter competition from private currencies such …
Read More »Turkey’s Trade Deficit Jumps 193% Year-on-Year in September
Data from the Ministry of Trade showed that Turkey’s trade deficit rose 192.7% Y-o-Y in September to $ 4.88 billion, according to the general trade system. The data reveal that imports increased by 23.32% to 20.89 billion dollars, while exports rose 4.84% to 16.01 billion.
Read More »Eurozone Inflation is Negative Again at its Lowest Level in 4 Years
Inflation in the Eurozone fell to its lowest level in more than four years, falling further in the negative zone than expected in September and raising fears of a price deflation spiral due to the Covid-19 pandemic. The European statistics office Eurostat said in preliminary estimates that consumer prices in …
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