Germany Exports (MoM) came in at -0.5%, below expectations (0.3%) in August
Germany Exports (MoM) came in at -0.5%, below expectations (0.3%) in August
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Germany August trade balance €17.2 billion vs €15.2 billion expected
- Prior €14.7 billion
This article was written by Justin Low at investinglive.com.
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Germany Imports (MoM) below forecasts (-0.5%) in August: Actual (-1.3%)
Germany Imports (MoM) below forecasts (-0.5%) in August: Actual (-1.3%) -
Citi backs stablecoin firm BVNK as Wall Street warms to crypto
Major U.S. banks are stepping further into crypto and digital assets as U.S. regulation becomes more favorable. -
Heads up: Fed chair Powell to be speaking later in the day
He will be delivering a 5-minute welcome address for the Community Bank Conference. His address will be a pre-recorded one with the event centered around discussing key issues facing the community bank sector.
Right after his welcome address, Fed governor Bowman will be delivering opening remarks for about 10 minutes at the same event. That before sitting down for a fireside chat with US Treasury secretary Bessent. The discussion is expected for about 45 minutes.
This article was written by Justin Low at investinglive.com.
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EUR/GBP strengthens above 0.8650, French political uncertainty might cap the EUR’s upside
The EUR/GBP cross rebounds to around 0.8680 during the early European session on Thursday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as French President Emmanuel Macron is set to appoint a new Prime Minister in the next 48 hours. -
USD/INR continues to trade flat as RBI lends support to Indian Rupee
The Indian Rupee (INR) opens again in a two-week-long range of 88.76-89.11 against the US Dollar (USD) on Thursday. -
Will Takaichi’s ‘Abenomics’ weaken the yen and raise the ire of Trump?
Markets have responded to Takaichi’s victory with the “Takaichi trade,” pushing the Nikkei to record highs and weakening the yen to beyond the 150 mark. -
Gaza ceasefire deal expected to be signed at 0900 GMT
- The ceasefire is expected to come into effect on the ground once deal is signed
- Israeli military will complete first phase of partial withdrawal within the first 24 hours
- Hostages may be released as early as Saturday and by Monday at the latest
At the same time, the Israeli military is also saying that it has begun operational preparations in order to implement the ceasefire deal above. The easing of geopolitical tensions here is a good thing for risk trades, though it has largely been phased into the background for quite a while now. But hey, it doesn’t hurt at least. The downside reaction was mostly contained to gold and oil prices, but both have since recovered losses from earlier in the day.
This article was written by Justin Low at investinglive.com.
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AUD/USD Daily Report
Daily Pivots: (S1) 0.6566; (P) 0.6578; (R1) 0.6598; More… AUD/USD recovered after dipping to 0.6555 but stays below 0.6628 resistance. Intraday bias stays neutral first. On the upside, break of 0.6628 will resume the rebound from 0.6519 to retest 0.6706 high. However, on the downside, sustained trading below 55 D EMA (0.6558) will confirm rejection […]
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