United States NFIB Business Optimism Index came in at 98.8, below expectations (100.5) in September
United States NFIB Business Optimism Index came in at 98.8, below expectations (100.5) in September
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US September NFIB small business optimism index 98.8 vs 100.6 expected
- Prior 100.8
The NFIB Small Business Optimism Index declined
2.0 points in September to 98.8. This was the first decline in three
months, though it remains above the survey’s 52-year average of 98. The
Uncertainty Index rose 7 points from August to 100, the fourth-highest
reading in over 51 years.NFIB Chief Economist Bill Dunkelberg said: “Optimism among small business owners decreased in September. While most
owners evaluate their own business as currently healthy, they are having
to manage rising inflationary pressures, slower sales expectations, and
ongoing labor market challenges. Although uncertainty is high, small
business owners remain resilient as they seek to better understand how
policy changes will impact their operations”This article was written by Giuseppe Dellamotta at investinglive.com.
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OpenAI’s hyperscaler ambitions are being put to the test with its latest megadeals
OpenAI is building a full AI ecosystem, as Apple did for smartphones and Microsoft did for PCs. -
Disney has considered a co-CEO structure to replace Bob Iger. Its history may make that a bad idea
Spotify and Comcast have recently installed co-CEO structures, but Disney’s corporate culture and history of botched successions may make that less likely. -
China continues to import large quantities of crude Oil – Commerzbank
Oil prices recovered somewhat at the start of the week from Friday’s slump as the US signaled its willingness to negotiate following its latest tariff threat against China, Commerzbank’s commodity analyst Carsten Fritsch notes. -
EUR/USD: Chance of dipping below last week’s low of 1.1540 – UOB Group
Euro (EUR) could dip below last week’s low of 1.1540; a sustained decline below this level is unlikely. In the longer run, the likelihood of EUR reaching the 1.1490 during this phase of weakness is decreasing, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. -
USD/JPY hesitates above 152.00 as trade tensions dent US Dollar’s strength
The US Dollar has been unable to confirm above Monday’s top at the 152.35 area on Tuesday and is trading with moderate lows a few pips above 152.00. -
After the setback in Copper, the squeeze comes – Commerzbank
The Copper price dropped by around $USD on Friday after US President Trump threatened China with new tariffs of 100% starting next month, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. -
Commodity Currencies Weaken Amid Escalating Trade Tensions
The Australian and Canadian dollars weakened after Donald Trump announced plans to impose 100% tariffs on Chinese goods. The escalation in trade tensions between the world’s two largest economies has increased market caution and weighed on risk-sensitive currencies. Trump stated that the tariffs would come into effect from 1 November or sooner, depending on Beijing’s […]
The post Commodity Currencies Weaken Amid Escalating Trade Tensions appeared first on Action Forex.
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Silver Price Reaches Record High
The previous peak was set in 1980, but this week the price of silver rose above $53 for the first time ever, as shown on the XAG/USD chart. Bullish sentiment has been driven by political factors, sustained demand from central banks, and the metal’s growing use in modern industries such as renewable energy. Meanwhile, media […]
The post Silver Price Reaches Record High appeared first on Action Forex.
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