By Peter Nurse – The safe-haven U.S.

Trade 9,500+ global markets including 80+ forex pairs, thousands of shares, popular cryptocurrencies and more. By Peter Nurse – The British pound continued to slump in early European trading Monday, falling to a record low against Forex trading the soaring U.S. dollar as traders doubted the… By Peter Nurse – The British pound edged higher Tuesday, rebounding to a degree after falling to a record low against the U.S. dollar as traders paused for breath…

  • After having dropped toward $1,650 earlier in the day, gold staged a rebound and rose above $1,650.
  • This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
  • Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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  • JAKARTA – Indonesia’s central bank has continued with its «triple intervention» to guard against excessive falls in the rupiah exchange rate, with a focus on intervening…
  • SHANGHAI -China’s onshore yuan extended losses on Wednesday to end the domestic session at its lowest level against the dollar since the global financial crisis of 2008,…

The “third” estimate of GDP released today is based on more complete source … By Ambar Warrick– The Chinese yuan slumped to its weakest level since the 2008 financial crisis on Wednesday, as a flurry of hawkish comments from Federal Reserve… By Peter Nurse – The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields… By Peter Nurse – The U.S. dollar resumed its seemingly forex relentless march higher in early European trading Thursday, while sterling slumped as the relief rally… SHANGHAI -China’s yuan bounced on Thursday from a 14-year low against the dollar hit in the previous session, snapping eight straight days of losses, after the central… In this week’s edition, we discuss the dollar’s latest big gains following this week’s central bank meetings, among other things. After having dropped toward $1,650 earlier in the day, gold staged a rebound and rose above $1,650.

U S Weekly Jobless Claims Unexpectedly Dip To 193,000

Brookfield Renewable (BEP, BEP.UN.TO), together with its institutional partners, announced on Thursday two further investments in the U.S. renewable energy sector. Genetic medicine maker Sarepta Therapeutics, Inc. Forex announced Thursday that it has submitted a Biologics License Application to the U.S. Food and Drug Administration for the accelerated approval of SRP to treat ambulant patients with Duchenne muscular dystrophy.

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The economic confidence index declined more-than-expected to 93.7 in September from 97.3 in the previous month. Biotechnology company Moderna, Inc. announced Thursday that it has expanded the Executive Committee to prepare for multiple upcoming new product launches. Effective January 1, 2023, Juan Andres will step into a new role as President, Strategic Partnerships and Enterprise Expansion, and will focus on building out the organization to support the growing pipeline.

Central Bank Rates

Rising yields ahead of the FOMC meeting has seen the BOJ announce bond purchases, and implied volatility has risen notably for the next 24-hours. Be wary of a “Buy the rumor, sell the fact” trade in the US Dollar after the Fed’s decision later today. BoE is attempting forex to soothe investor nerves after they were spooked by last week’s mini budget. The yield on the 30-year Gilt has moved from a high on the day of 5.092% down to a low of 3.869%. Equities rose sharply on Wednesday, but the Chinese EV sector struggled.

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Equities were helped by a pivot from the Bank of England, which set a fire under risk assets.

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Whether it be US data surprising on the upside, the US administration showing no concern at all with the strong dollar, or new chapters in the energy war in Europe, it looks like … The outlook for the global economy has “darkened” and the world is at a point of “significant economic danger”, according to the World Economic Forum’s Chief Economists Outlook … While reporting financial results for the second quarter on Thursday, beleaguered home improvement retailer Bed Bath & Beyond, Inc. maintained its comparable sales guidance for the full-year 2022. Lower Canadian and U.S. futures and weak bullion prices point to a negative opening for Canadian shares on Thursday. The Commerce Department released its third estimate of U.S. economy activity in the second quarter on Thursday, showing the decrease in gross domestic product was unrevised from the previous estimate.

Bed Bath & Beyond Maintains Fy22 Outlook

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Others think the index might make its lows at 3,400 or 3,000 or even lower still. This is an important debate for every investor, even those who do not own US stocks.

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