Global nickel market surplus to widen in 2024 -INSG
The surplus in the global nickel market is expected to widen to 239,000 metric tons in 2024 from 223,000 tons this year, the International Nickel Study Group (INSG) said on Tuesday, signalling further pressure on the metal.
GBP/USD eyes tentative recovery amid economic headwinds, ahead of US NFP data
The British Pound (GBP) is recovering some ground against the US Dollar (USD), though it remains below the 1.2200 figure capped by weaker UK economic data.
FX Analysis – Yields and USD rise again, AUD clobbered, JPY intervention?
The first week of the new quarter has so far been an interesting one, rampant US treasury yields breaking out to 16-year highs, a USD that just keeps going up and now it seems the Japanese Ministry of Finance is directly intervening in currency markets.
Cargill faces Brazil criminal probe over Amazon port project
Brazilian federal prosecutors are investigating transactions involving grains trader Cargill and a Brazilian partner after they found "irregularities" in the acquisition of disputed land where the U.S. company plans to build a massive river port in the Amazon rainforest.
Canadian Dollar Update – Canadian dollar trading with negative bias
The Canadian dollar remains under pressure due to external forces. Political dysfunction in America and a very hawkish US interest rate outlook have soured global risk sentiment and caused a spike in Treasury yields.
Canadian Dollar steps back up to the plate, holding steady on shared data beats with the US
The Canadian Dollar (CAD) is finding some much-needed support in Thursday trading, swapping with the US Dollar (USD) after both currencies strengthened following economic data releases that “beat the street”.
Californian Resident Files Lawsuit Against Binance and Its CEO for Allegedly Hurting FTX
On October 2, a Californian resident named Nir Lahav filed a lawsuit against Binance.US and Binance CEO Changpeng Zhao based on alleged violations of Security Exchange Commission (SEC) laws regarding unfair competition for their attempt at monopolizing the crypto market by bringing harm to FTX crypto exchange.
Business Bankruptcies Booming
New data released by the American Bankruptcy Institute displays a worrying picture for small businesses and their ability to stay afloat in the current economic climate.
August Job Openings in US Jump; Quit Rate Stays the Same
In August job openings in the U.S. increased unexpectedly amid a surge in demand for workers in the business and professional services sector, indicating the labor market was still tight and that may force the Fed to hike interest rates next month.
AUDUSD drops to fresh yearly low on RBA’s dovish halt, risk aversion
Markets remain jittery, mostly downbeat, on early Tuesday as US data and Federal Reserve (Fed) officials’ comments keep the US Dollar on the front foot by defending the US central bank’s bias for “higher for longer” rates. It’s worth noting that the economic numbers and the central bankers outside the US haven’t been too optimistic and in turn join the US-China tension to also strengthen the risk aversion.
Standard Contract Positions for Bitcoin Fall, and the Market Finds a New Stable
According to the latest weekly figures of CFTC CME Bitcoin holdings, the market appears to be in a stable phase with a slight reduction in the total number of Bitcoin standard contracts held. The recent data cycle reveals that the majority of account types have made adjustments resulting in a net short position, indicating a prevailing pessimistic sentiment towards the market.
GBP/USD retreats and snap three days of gains amid escalating Middle East conflict
GBP/USD snaps three days of consecutive gains slumps on risk aversion spurred by the clash between Israel and Hamas after the latter struck an attack during the weekend.
WCG Markets:2023-10-12
WCG Markets:2023-10-12
European stocks retreat as oil soars on Middle East conflict
On Monday, European stock markets experienced a decline as investors evaluated the ramifications of the military conflict in the Middle East and the consequent rise in oil prices.
10/11 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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Dollar Ends Mixed, US Bond Yields Lift on Robust Payrolls
Summary: The performance of the US Dollar was mixed against other currencies as US bond yields rose following the release of a better-than-expected jobs report. The Dollar Index (DXY), which measures the value of the Dollar against six major currencies, ended slightly lower at 106.10.
Brent Oil Prices Opened Higher on Monday
Brent oil prices initially opened higher on Monday and have continued to rise as investors strategically position themselves following the recent violent attack carried out by Hamas in Israel over the weekend.
Amidst The Current Situation Between Israel And Palestine, The EUR/USD Is Trading Higher At 1.0570
Despite the ongoing geopolitical turmoil in the Middle East, the EUR/USD currency pair continues to show an upward trend. The ongoing war in the region may lead to an influx of investments into traditional safe-haven assets. Additionally, the US Dollar (USD) received a significant boost from the impressive US Nonfarm Payrolls data, further strengthening its position.
MHMarkets：The decline of the US dollar index in the Asian market was hindered, and the USDJPY was supported by the decline of the US dollar, with a strong upward trend, almost recovering from yesterday's decline in the US market.
At the end of the Asian market on Tuesday (October 11), the US dollar index fell to yesterday's low point at the opening of the Asian market today.