Zelensky says Russia used new missile in attack on Ukraine today

The missile was reportedly fired from Astrakhan and targeted critical infrastructure in the central Ukrainian city of Dnipro. The city was also hit by other strikes involving several cruise missiles and a medium range ballistic missile.

Thu, 21 Nov 2024 06:58:25 -0500

Asia And Europe Markets Mixed; Dollar Hovers Near 52-Week High - Global Markets Today While US Slept

On Wednesday, November 20, U.S. markets closed mixed. The Nasdaq slipped, weighed down by geopolitical tensions and Target's disappointing performance.

Thu, 21 Nov 2024 06:40:01 -0500

Oil News: Geopolitical Premium Rises as Russia-Ukraine War Enters New Phase

Russia-Ukraine tensions heighten as missile strikes add geopolitical risk to crude oil markets. Traders eye potential supply disruptions and price moves.

Thu, 21 Nov 2024 06:36:22 -0500

Crude Oil edges up, in second consecutive attempt to overcome $70

Crude Oil prices are trying to break above $70 for a second consecutive day, fueled by headlines that Russia has launched a ballistic missile into Ukraine for the first time in the war, Bloomberg reports. On Wednesday, Oil already tried to overcome the round $70 level, but failed to do so after headlines emerged that both Ukraine and Russia are willing to hold talks to resolve the current stalemate situation.

Thu, 21 Nov 2024 06:30:45 -0500

Sterling sags as 'Trump bump' lifts dollar

The pound eased modestly against the dollar, which held firm on Thursday, as investors remained laser-focused on who President-elect Donald Trump's Treasury Secretary pick might be and what that might mean for his policies on growth, trade and taxes.

Thu, 21 Nov 2024 06:20:03 -0500

Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows

Overview:  Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much.

Thu, 21 Nov 2024 06:10:00 -0500

UK factories see signs of recovery in output, CBI says

British manufacturers expect their output to grow after a recent slump linked to uncertainty about the first budget of the new government, the U.S. elections and other factors, the Confederation of British Industry said on Thursday.

Thu, 21 Nov 2024 06:04:00 -0500

China SMEI: Services softened again in November – Standard Chartered

Headline SMEI edged down 0.3pts to 50.4 in November; credit conditions continued to improve. Performance and expectations sub-indices both retreated into contractionary territory.

Thu, 21 Nov 2024 06:03:44 -0500

UK November CBI trends total orders -19 vs -27 prior

, This article was written by Justin Low at www.forexlive.com.

Thu, 21 Nov 2024 06:00:00 -0500

AUD can fall towards 0.6360/0.6340 – BBH

AUD/USD has formed an interim trough near 0.6440 last week and has staged an initial bounce, BBH analyst note.

Thu, 21 Nov 2024 05:59:00 -0500

UK inflation remains stubbornly high – Commerzbank

Anyone who thought that the significant downward surprise in September's UK inflation figures would be repeated seamlessly in October was disappointed yesterday. Not only was the headline rate slightly higher than expected (which can still be explained by the one-off effects of household energy bills), but services inflation, and hence the core rate, also surprised on the upside, Commerzbank's FX analyst Michael Pfister notes.

Thu, 21 Nov 2024 05:32:53 -0500

Natural gas proves to be more sensitive to geopolitical risks – ING

Oil prices have been somewhat insulated by the growing tension between Russia and Ukraine. However, natural gas prices have been more sensitive to these developments, while Gold, as one would expect, has benefitted from safe-haven demand, ING's commodity analysts Warren Patterson and Ewa Manthey note.

Thu, 21 Nov 2024 05:19:45 -0500

Rupee weakens to record low pressured by foreign portfolio outflows

The Indian rupee declined to its weakest level on record on Thursday due to outflows from local stocks, which were dragged by a slump in Adani group shares, while uncertainty about the Federal Reserve's path to lowering policy rates also weighed.

Thu, 21 Nov 2024 05:19:40 -0500

ZAR: Another 25bp cut from South Africa today – ING

Given South Africa's exposure to China, the rand has been hit hard by the US election result and what it will mean for the Chinese economy and world trade next year, ING's Chris Turner notes.  

Thu, 21 Nov 2024 05:00:32 -0500

Eurozone: Prudent approach by ECB as it takes rates lower – UOB Group

Last month (17 Oct), the European Central Bank (ECB) slashed interest rates, lowering policy rates by 25bps. While ECB President Christine Lagarde received several questions on the ECB's path, she revealed little, emphasizing that the ECB will be completely data dependent and will remain on a meeting-to-meeting basis, UOB Group's economist Lee Sue Ann notes.

Thu, 21 Nov 2024 04:52:08 -0500

ECB's Stournaras: A 25 bps December rate cut is the right response to trade tariffs

European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “trade tariffs are likely to provoke a response. And a 25 basis points (bps) rate cut in December is the right response.

Thu, 21 Nov 2024 04:47:00 -0500

Mexican Peso consolidates ahead of Retail Sales data

The Mexican Peso (MXN) consolidates in its most-heavily traded pairs during the European session on Thursday. This follows the Peso's average half-a-percent fall in its key pairs on Wednesday, which marked an end to a five-day winning streak.

Thu, 21 Nov 2024 04:17:12 -0500

EUR: Geopolitics and Trump threat weigh – ING

EUR/USD looks to have been buffeted by events in Ukraine this week. The war is going through a period of escalation as both sides seek to gain ground ahead of potential ceasefire discussions early next year, ING's Chris Turner notes.

Thu, 21 Nov 2024 04:02:23 -0500

Pound Sterling Supported vs U.S. Dollar by Rise in UK Inflation

... Exchange Rates UK - Exchange Rates and Foreign Exchange

Thu, 21 Nov 2024 04:00:00 -0500

USD: Dollar holds gains – ING

The DXY dollar index is holding gains and it is not hard to see why. US rates are being repriced modestly higher as the market shifts away from pricing a December Fed rate cut, ING's Chris Turner notes.

Thu, 21 Nov 2024 03:50:46 -0500