Italy Industrial Output s.a. (MoM) came in at -2.4% below forecasts (-0.4%) in August
Italy Industrial Output s.a. (MoM) came in at -2.4% below forecasts (-0.4%) in August
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Canada Unemployment Rate expected to rise as labour market cools
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a mixed print. The Unemployment Rate is expected to tick higher to 7.2% in September, while the Employment Change is forecast to rise by 5K new workers after a huge loss in August. -
USD/INR declines on likely return of foreign funds into Indian equity markets
The Indian Rupee (INR) attracts significant bids against the US Dollar (USD) during India’s afternoon session on Friday. The USD/INR pair corrects sharply to near 88.74, even as the US Dollar trades firmly, suggesting a decent strength in the Indian Rupee. -
Takaichi’s bid for Japan’s premiership jolted as Komeito quits ruling coalition, NHK reports
Komeito Chief Representative said that the LDP “failed to provide sufficient answers regarding political funding issues.” -
ECB’s Kazaks: ECB rate at 2% is appropriate
- We have delivered on the inflation target
- We are about neutral on ECB rates
- Not seeing anything extraordinary in French situation
Again, they are just reaffirming their current neutral stance. They’ve said many times that small or short-term deviations from their 2% target won’t call for a policy response.
This article was written by Giuseppe Dellamotta at investinglive.com.
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EUR/USD Falls to Two-Month Low
As shown on the EUR/USD chart today, the euro has dropped below 1.1550 against the US dollar — its lowest level since early August. The main driver of pressure on the single currency remains the political crisis in France: President Emmanuel Macron is currently seeking a candidate for the position of prime minister. The situation […]
The post EUR/USD Falls to Two-Month Low appeared first on Action Forex.
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Gold (XAU/USD): Overstretched Uptrend, Risk of Minor Pull-back Below $4,012
Key takeaways Gold (XAU/USD) surged 8.5% since late September, breaking above US$4,000 to hit a new all-time high of US$4,059. The rally is driven by demand for inflation hedges and fears of fiat currency debasement amid fiscal concerns. Technical indicators show an overstretched uptrend, raising the risk of a short-term pullback below US$4,012. The medium-term […]
The post Gold (XAU/USD): Overstretched Uptrend, Risk of Minor Pull-back Below $4,012 appeared first on Action Forex.
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ECB’s Escriva: Inflation remains contained
- Negative risks to growth have not materialized
ECB members are just repeating the same thing over and over again. The easing cycle is over and they are just monitoring economic activity.
This article was written by Giuseppe Dellamotta at investinglive.com.
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EUR/USD maintains bearish tone amid France poltical crisis
EUR/USD is posting minor gains on Friday, trading at 1.1575 at the time of writing after hitting fresh two-month lows near 1.1540 the previous day. -
EUR/JPY Price Forecast: Moves below 177.00, with exiting overbought zone
EUR/JPY loses ground for the second successive session, trading around 176.70 during the European hours on Friday. The technical analysis of the daily chart indicates that short-term price momentum is stronger as the currency cross remains above the nine-day Exponential Moving Average (EMA).
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