Will the Federal Reserve pause in November and (or) December - Citi with the heads up

Citi feedback reported by Bloomberg (gated) flah the potential of no extra charge cuts from the Federal Open Market Committee (FOMC) for the remainder of this 12 monthsCitigroup Inc.’s Akshay Singal, international head of short-term interest-rate…

Economic calendar in Asia Monday, October 21, 2024 - PBoC rate cut expected

A rate cut from the People's Bank of China is expected (2115 US Eastern time). Preview:Heads up for a rate cut from China expected on Monday, October 21, 2024And, more on the agenda for the week ahead:Weekly Market Outlook (21-25 October)Newsquawk…

Weekly Market Outlook (21-25 October)

UPCOMING EVENTS:Monday: PBoC LPR.Tuesday: Canada PPI.Wednesday: BoC Coverage Determination.Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, US Jobless Claims.Friday: PBoC MLF, Tokyo CPI, German IFO, Canada Retail Gross sales,…

Crude oil futures forecast - weekly chart. Bears eyeing $67.75 subsequent

aCrude Oil Futures Weekly Forecast: Bears in Management, Watching Key Assist Ranges📉 Crude Oil Futures (CL1!) are displaying clear indicators of bearish momentum, with costs falling sharply in current weeks. That is mirrored within the…

Heads up for a rate cut from China expected on Monday, October 21, 2024

China sets loan prime rate (LPRs) on Monday, October 21, 2024.Last month the PBoC cut the 7-day reverse repo rate, and the Medium-term Lending Facility (MLF) rate:PBOC 1-year Medium-term Lending Facility (MLF), rate cut to 2% (2.3% previously)and…

Newsquawk Week Forward: Highlights embody PBoC LPR, BoC, EZ & UK PMI

Mon: PBoC LPRTue: NBH Announcement, IMF World Financial OutlookWed: BoC AnnouncementThu: EZ/UK/US Flash PMIs (Oct)Fri: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Sturdy Items (Sep), US College of Michigan…

What are the technicals driving the USDCHF and the EURCHF for October 18

The USDCHF this week prolonged above a swing space between zero.86078 and zero.8619, after which the 38.2% retracement of the transfer down from the July excessive to the September low at zero.86318.Yesterday there was a corrective transfer…

Tech giants rally: Apple and Nvidia soar whereas Amazon dips

Sector OverviewThe inventory market is experiencing different performances immediately, with Expertise main the cost. A noticeable upswing is noticed notably in Tech giants, making it a day of wins for some and losses for others within the…

Dow Industrial average is lower. NASDAQ higher to start the new trading day

As the US stock trading gets started, the Dow is lower as Amex (-4.25%)and P&G (-1.75%) weigh on that index after earnings disappointed. The Nasdaq is moving higher led by Netflix after their earnings (+9.5%). A snapshot of the market…

Putin: A BRICS unified currency is premature

"Premature" is an interesting choice of words.That said, I certainly can't see it happening in my lifetime. I suspect we'll see a breakup of the euro before a BRICS currency. This article was written by Adam Button at www.forexlive.com. Source…