The Chinese central bank will announce their next decision on the benchmark lending rates next Monday but are expected to keep them unchanged. That will mark the fifth straight month that rates stay on hold with policymakers having to keep a watchful eye on US-China trade tensions.
Amid worries that the trade conflict could blow up at any time, Beijing will want to keep monetary policy accommodative. So, don’t expect too much of a change in stance as they have been doing their job on this front for a while now. It’s the fiscal side that has been the real issue for China.
This article was written by Justin Low at investinglive.com.
B2PRIME Group, a global financial services provider for institutional and professional clients, has announced the appointment of James Wale and Aaron Brown as Managing Executives, marking a significant step in the company’s ongoing expansion across Europe and the Middle East & North Africa (MENA) regions.
James Wale joins B2PRIME with more than 15 years of experience in institutional trading, liquidity management, and business development. Most recently, he served as Head of Institutional Sales at iSAM Securities, where he managed relationships with hedge funds, brokers, and proprietary trading firms throughout EMEA. His career also includes senior roles at CMC Markets, Varengold Bank, and FIXI, where he was instrumental in building institutional sales pipelines and forging strategic liquidity partnerships.
Aaron Brown, also joining from iSAM Securities, previously held the position of Sales Director, overseeing business development across MENA. With a strong background in institutional sales and operations, Aaron has held leadership roles at ADSS, INFINOX, Finalto, and Global Market Index, in addition to early experience with the London Metal Exchange and FXCM. His understanding of the regional landscape and proven ability to drive business growth will support expanding B2PRIME’s institutional footprint in key emerging markets.
“We’re thrilled to welcome James and Aaron to the B2PRIME family,” said Eugenia Mykuliak, Founder & Executive Director at B2PRIME Group. “Their extensive institutional experience and client-focused approach align with our mission. Strengthening our institutional team reinforces our commitment to providing reliable services as we continue to expand our global presence.”Commenting on his appointment, James Wale said: “Joining B2PRIME offers an opportunity to be part of a company that’s focused on innovative solutions in institutional liquidity and technology. The firm’s established reputation and innovative approach provide a solid foundation to deliver enhanced value to institutional clients.”Aaron Brown added: “B2PRIME’s ambitious growth strategy and expanding global reach make this an ideal time to come on board. I look forward to helping strengthen our presence in the Middle East and enhancing our services for institutional partners.”
About B2PRIME Group
B2PRIME Group https://b2prime.com is a global financial services provider for institutional and professional clients. Regulated by reputable authorities—including CySEC, SFSA, FSCA, FSC Mauritius, DFSA (Dubai) —the group of companies offer access to competitive liquidity across multiple asset classes. Committed to the highest compliance standards, B2PRIME provides institutional-grade trading solutions with a focus on reliability, transparency, and operational excellence.
This article was written by IL Contributors at investinglive.com.
Fundamental
Overview
The USD weakened across the
board on renewed risk-off sentiment apparently caused by concerns around bad regional
bank loans and some stress in money market rates. Moreover, the weakness in US
equities contributed to depress Treasury yields as markets increased rate cut
bets.
The US government shutdown
continues to delay many key US economic reports. The dollar “repricing trade”
needs strong US data to keep going, especially on the labour market side, so
any hiccup on that front is likely to keep weighing on the greenback.
The BLS announced last week
that despite the shutdown, it will release the US CPI report on October 24, so
that’s going to be a key risk event. That will need to be seen in the context
of US-China relations and any negative shock by that time though. If things go
south, then the CPI will not matter much as growth fears will trump everything
else.
On the EUR side, the single
currency found support this week as the French political risk eased after Lecornu
survived the no-confidence vote. On the monetary policy side, nothing has
changed. The ECB is not expected to adjust rates for a long time unless we get
significant deviation from their inflation target. In fact, the vast majority
of ECB members is comfortable with the current rate setting and will not
respond to small or short-term deviations from their target barring a clear
shock in the economy.
EURUSD Technical
Analysis – Daily Timeframe
On the daily chart, we can
see that EURUSD broke above the major trendline and extended the rally as the
buyers piled in more aggressively. The target for the buyers should be around
the 1.1831 level with a break above that resistance opening the door for a new cycle
high. If the price gets there, we can expect the sellers to step in with a
defined risk above the 1.1831 level to position for a drop back into the 1.16
handle.
EURUSD Technical
Analysis – 4 hour Timeframe
On the 4 hour chart, there’s
not much we can glean from this timeframe, so we need to zoom in to see some
more details.
EURUSD Technical
Analysis – 1 hour Timeframe
On the 1 hour chart, we can see that we have a minor upward trendline
defining the current bullish momentum. The buyers will likely lean on the trendline
to keep pushing into new highs, while the sellers will look for a break lower
to pile in for a drop back into the 1.16 support. The red lines define average daily range for today.
Upcoming
Catalysts
We don’t have anything
on the agenda today with the focus remaining on US-China developments and now
on regional banks and money market rates.
This article was written by Giuseppe Dellamotta at investinglive.com.
Pill has made similar comments recently, so these are not new. There’s been a slow but clear shift of focus in the MPC towards inflation recently. That shouldn’t be too surprising given the elevated inflation and wage growth, and rising consumer inflation expectations.
This article was written by Giuseppe Dellamotta at investinglive.com.
Eurozone inflation edged higher in September, with headline CPI finalized at 2.2% yoy, up from 2.0% in August. The core measure, which excludes energy, food, alcohol & tobacco, also firmed to 2.4% yoy from 2.3%. The main driver of the increase came from services, which contributed +1.49 percentage points to the annual rate, followed by […]
The post Eurozone CPI finalized at 2.2%, driven by services and food prices appeared first on Action Forex.
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