IndustrySome corrective weakness

escription to participate! Close alert EUR/USD: Some corrective weakness in the EUR in the short run – Scotiabank NEWS | 09/23/2024 12:15:00 GMT | By FXStreet Insights Team Eurozone PMI data were soft all round this month. German and French data all reflected weaker or slowing activity, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR dips as weak PMIs support mild contraction outlook “French Services slumped after the Olympic boost faded and both French and German Composite readings are below 50 now, putting the preliminary Eurozone Composite data at 48.9, down from 51 in August and well below the 50.5 expected. Yields slipped, driving spreads against the USD wider as markets priced in marginal more risk of an October ECB rate cut (10bps priced in).”

oppycyn

2024-12-19 07:14

Industryprice stability

nd we’ve saved you a spot in our exclusive raffle…Join the Telegram channel and click on the description to participate! Close alert Fed's Bostic: Economy near normal, sustainable path to price stability NEWS | 09/23/2024 12:11:31 GMT | By Valeria Bednarik Atlanta Federal Reserve President Raphael Bostic is speaking about the economic outlook and monetary policy at the University of London. His dovish comments align with the latest Federal Reserve’s (Fed) decision to trim the benchmark interest rate by 50 basis points (bps). Key takeaways “Businesses are becoming more careful in hiring but not considering layoffs.” “The economy is effectively near conditions that would be considered normal.” “Price increases have narrowed and become concentrated in housing.” “Risks to the labour market have increased, with the possibility of broad weakness higher than a year ago.” “A half-point cut at this meeting does not lock in a cadence for future rate cuts.” “Recent data show convincingly that the US is on a sustainable path to price stability.”

oppycyn

2024-12-19 07:12

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