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UK budget preview: What to expect this time around?

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

Turkey Economic Confidence Index increased to 98 in October from previous 95

Wed, 30 Oct 2024 03:01:14 -0400

US GDP set to show economy expanded at solid pace in Q3

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%)

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

France Gross Domestic Product (QoQ) meets forecasts (0.4%) in 3Q

Wed, 30 Oct 2024 02:30:02 -0400

France Q3 preliminary GDP +0.4% vs +0.3% q/q expected

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

Rupee dips to lifetime low on importers buying dollars, weak risk

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

Natural Gas and Oil Forecast: World Bank Predicts 6% Price Drop – A Bearish Outlook?

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

Morning Bid: From GDP data to tech earnings, a lot to chew on

A look at the day ahead in European and global markets from Rae Wee

Wed, 30 Oct 2024 01:35:10 -0400

Aussie Struggles Persist as Disinflation Raises Rate Cut Prospects

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

Rupee unmoved before key US data, election; premiums rise

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

German recession to highlight the euro area Q3 GDP releases today

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

Japan Consumer Confidence Index came in at 36.2 below forecasts (37) in October

Wed, 30 Oct 2024 01:00:43 -0400

Japan October consumer confidence index 36.2 vs 36.9 prior

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 Q3 CPI Cools, but Sticky High Components May Keep RBA Hawkish

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

RBA November Meeting: Cash Rate Unchanged Until February

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

Heads up: Germany states' CPI readings due later today

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 Declines as Trump Election Hopes Stir Tariff Worries for China

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

ForexLive Asia-Pacific FX news wrap: Australian headline CPI dips into target band (but …)

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

Rupee to receive help from pullback in US yields, relief for Asia FX

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

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