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US Dollar Weekly Forecast: Outlook turns to bullish above the 200-day SMA
1729269308 from fxstreet
The US Dollar (USD) had another strong performance these past few days, extending its gains for the third consecutive week, including a test of the critical 200-day SMA around 103.80 when tracked by the US Dollar Index (DXY) for the first time since the summer.
US Dollar takes a day off at elevated levels after a steep surge throughout this week
1729253230 from FXStreet
The US Dollar (USD) turns flat to a touch softer on Friday with some profit-taking after steep rallies against many major G20 currencies this week. The slight retracement comes on the back of Chinese economic data and more details on the stimulus
RBA Alert to Signs Inflation Expectations Becoming De-Anchored
1729029600 from BLOOMBERG
Australia’s central bank is on constant alert for signs that inflation expectations may become unmoored in the current episode of elevated and sticky prices, though it’s confident they’re contained in the near-term, Assistant Governor Sarah Hunter said.
Loonie’s Worst Run Since 2017 Fueled by Big Canadian Rate-Cut Bets
1729001214 from BLOOMBERG
The loonie is set for its worst run of losses in more than seven years after a soft report on Canadian consumer prices amped up bets that the Bank of Canada will ease borrowing costs by a quicker pace in the weeks ahead.
Westpac, St George app outage: Thousands of Australians unable to access money as online banking, apps go down
1728965041 from BANKING
… access their money as two banks suffer major outages for a … log into their internet banking or the banking apps due to the … were unable to access internet banking and the app. It is … issues accessing online and mobile banking,” Westpac said in a statement …
Monochrome to launch Australia’s first spot Ether ETF
1728955800 from CryptoNWS
Monochrome Asset Management is set to launch Australia’s first spot Ethereum exchange-traded fund on Tuesday. The Ethereum (ETH) ETF will debut on the Cboe Australia, bringing the Monochrome Ethereum ETF with the ticker IETH to the market on Tuesday, Oct.…
Investors Boost Bullish Aussie Dollar Bets
1728939825 from BLOOMBERG
Good morning, it's Georgie here in Sydney. Here’s what you need to know today...Today’s must-reads:• Investors bullish on Aussie dollar• Albanese’s Labor slips in the polls• Tribeca’s star fund manager Jun Bei Liu to start new firm
AUD/USD declines on negative outlook for trading neighbor China
1728916440 from FXStreet
AUD/USD manages to claw back some of its earlier losses and climbs into the 0.6730s on Monday after trading down to 0.6700 following the release of weak Chinese export data, which negatively impacted the Australian Dollar (AUD) due to the two country’s close trade ties.
US Dollar very quietly ticks up in uneventful markets this Monday
1728910123 from FXStreet
The US Dollar (USD) is already fired up at the start of the week and ticks higher, despite several parts of the US markets closed for Columbus Day. Despite the bank holiday, three Federal Reserve (Fed) members are due to speak. Meanwhile, the additional
EUR/USD weakens on China factors, ECB meeting on the horizon
1728909049 from FXStreet
EUR/USD exchanges hands in the 1.0910s on Monday, falling on the day as the US Dollar (USD) attracts safe-haven flows on the back of increasing geopolitical risks stemming from Taiwan, where the Chinese People's Liberation Army (PLA) is conducting drills.
USD: Range-bound near term – ING
1728905648 from FXStreet
Casting around the globe to identify key FX drivers, we note the following: Saturday's China fiscal stimulus measures lack detail, oil is steady as markets await Israel's retaliation against Iran, and equity markets remain generally supported following strong US bank earnings released on Friday and expectations of positive announcements in the chip sector this week, ING’s Chris Turner notes.
Singapore banks expect lower rates, China stimulus to boost wealth business
1728894924 from BANKING
… quarter. DBS and Oversea-Chinese Banking Corp, Singapore’s top … Hwee, CIO for private banking arm of United Overseas Bank … of Singapore’s private banking head for Greater China and … be reflected in banks earnings, Maybank Investment Banking Group’s regional …
AUD/USD Price Forecast: Bulls remain on the sidelines amid concerns over China, stronger USD
1728891579 from fxstreet
The AUD/USD pair attracts fresh sellers at the start of a new week in reaction to the disappointment over China's fiscal stimulus promised over the weekend and softer inflation figures.
Australian shares hit two-week high on miners, banks boost
1728891266 from MINING
… Monday, driven by gains in miners and banks, while a … its highest since Sept. 30. Miners gained 1.3% due to … 9% and 1.9%, respectively. “Mining stocks seemed unfazed by the … equity market performance,” said Waterer. Miners, real estate stocks pull Australian …