Escalating tensions in the Middle East sees silver, gold, and oil all pushing higher
A preview of the upcoming UK jobs and CPI data and how it could affect UK assets.
The Q3 earnings season begins this week in the US, with banks taking centre stage. JPMorgan Chase & Co, Citigroup, BlackRock, and Wells Fargo will kick off the financial sector’s reporting season this Friday, 13 October, before the opening bell. They’ll be followed by Bank of America Corp. and Goldman Sachs on 17 October, and Morgan Stanley on 18 October.
US indices start to draw attention as traders focus on the outlook for Q4.
The Bank of England has left rates unchanged at 5.25% with a 5-4 vote split after CPI dropped more than expected in August
GBP drops after a softer CPI reading scares investors about the BoE intentions. JPY on the lookout for further policy tweaks from Governor Ueda.
The FTSE 100 rose over 2% on Thursday as the ECB announced no more rate hikes for now.
ECB hikes another 25bps in September but signals that this may be the last one.
US CPI rose 0.6% in August in line with analyst estimates. Markets were anticipating a yearly change of 3.6%, but the actual figure has come in higher at 3.7%
Oil prices are on the rise once again. US crude managed to break above a key resistance back in late August and has been steadily making its way towards the $90 mark, with Brent crude trading above $92 per barrel for the first time since November.
A look at the key USD pairs ahead of the US CPI data out on Thursday
A preview of the upcoming Federal Reserve, European Central Bank and Bank of Japan meetings
USD/JPY advances towards the top of its ascending triangle as the US dollar moves higher
Crude oil drops for the third day this week as concerns about growth intensify ahead of the FOMC meeting
A preview of the upcoming federal Reserve meeting on Wednesday May 2nd.