The 1-week implied volatility for the pound is at its highest since March last year, indicating that traders are a little nervous ahead of the budget announcement later. Labour will be setting their first budget in 14 years, hoping to meet their election promises and avoiding the chaos that ensued from the Truss-Kwarteng mini-budget back in 2022.
Wed, 30 Oct 2024 03:05:14 -0400
Turkey Economic Confidence Index increased to 98 in October from previous 95
Wed, 30 Oct 2024 03:01:14 -0400
The US Bureau of Economic Analysis (BEA) is scheduled to release the preliminary estimate of the US Gross Domestic Product (GDP) for the July-September quarter on Wednesday. Analysts anticipate that the report will indicate an annualised economic growth rate of 3.0%, matching the expansion recorded in the previous quarter.
Wed, 30 Oct 2024 03:00:00 -0400
France Consumer Spending (MoM) below forecasts (0.3%) in September: Actual (0.1%)
Wed, 30 Oct 2024 02:30:02 -0400
France Gross Domestic Product (QoQ) meets forecasts (0.4%) in 3Q
Wed, 30 Oct 2024 02:30:02 -0400
French Q3 GDP comes in at a beat, with household consumption especially showing a marked improvement compared to the previosu quarter. Again, that owes much to the Olympics though so there's that to keep in mind.
Wed, 30 Oct 2024 02:30:00 -0400
The Indian rupee declined to an all-time low on Wednesday on the back of importers buying dollars for immediate and future payments, and poor risk appetite.
Wed, 30 Oct 2024 02:25:14 -0400
World Bank's outlook on oil and gas predicts oversupply and a 6% price drop in 2024, spotlighting key support levels amid easing geopolitical fears.
Wed, 30 Oct 2024 02:20:26 -0400
A look at the day ahead in European and global markets from Rae Wee
Wed, 30 Oct 2024 01:35:10 -0400
Australian Dollar's misery continues today, firstly pressured by Q3 inflation data that showed encouraging progress on disinflation. This development has strengthened the case for RBA to keep interest rates unchanged at 4.35% in its upcoming meeting next week.
Wed, 30 Oct 2024 01:32:19 -0400
The Indian rupee was flat against the dollar on Wednesday in the run up to important U.S. data and presidential election, while forward premiums rose in response to the dip in U.S. Treasury yields.
Wed, 30 Oct 2024 01:25:19 -0400
It has been the case for a while now, especially with the manufacturing sector in such a dire state. Here's the estimates for the Q3 GDP releases in key euro area countries this week:
Wed, 30 Oct 2024 01:23:38 -0400
Japan Consumer Confidence Index came in at 36.2 below forecasts (37) in October
Wed, 30 Oct 2024 01:00:43 -0400
Looking at the details: Overall livelihood: 34.2 (previously 34.4) Income growth: 39.4 (previously 40.1) Employment: 41.6 (previously 42.2) Willingness to buy durable goods: 29.7 (previously 31.0) This article was written by Justin Low at www.forexlive.com.
Wed, 30 Oct 2024 01:00:00 -0400
Australia's inflation may have cooled in Q3, but components of the report point to an extended period of tight monetary policies. What's up with that?
Wed, 30 Oct 2024 00:54:00 -0400
With the September quarter CPI data confirming that the disinflation remains on track and supply-side concerns easing, rate cuts from February still seem the most likely path for the RBA.
Wed, 30 Oct 2024 00:14:06 -0400
ECB policymakers have been worried about an uptick in inflation towards the end of the year. But so far, that hasn't quite materialised.
Wed, 30 Oct 2024 00:08:35 -0400
Hang Seng and Mainland stocks slip amid concerns over US-China tariffs, while Nikkei rises on BoJ rate hold expectations post-election.
Wed, 30 Oct 2024 00:00:57 -0400
It was another subdued session for major FX. Political machinations in Japan to form the next government continue, and they did so today against the backdrop of a quiet yen.
Tue, 29 Oct 2024 23:35:23 -0400
The Indian rupee will be supported on Wednesday by the dip in U.S. Treasury yields and a reprieve for its Asian peers.
Tue, 29 Oct 2024 22:52:23 -0400