Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
British Pound a Little Higher on the Day
Information is not investment advice
Midday Market View
U.S. stocks are set for a very modest bounce at opening after sliding again on Wednesday in response to repeatedly gloomy comments about the economy from Federal Reserve officials. Stocks are set to open in muted style, with no noticeable bounce. Jobless claims are expected to fall again slightly, and new home sales will once again give bulls something to chew on. French and German business confidence improves despite fresh restrictions in Paris. And Donald Trump refuses to commit to a peaceful transition of power in November.
Midday Key Point
- UK's Sunak says to hold press conference later in the day
- ECB to publish latest TLTRO-III allotment at 0930 GMT
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.