Asia FX, dollar subdued ahead US CPI; Japan inflation, PMI in focus

USD/JPY was up 220 pips on Friday and that’s not what anyone in Japan wanted to see. As bad as that looks, the reality is worse. The persistent strength of the US dollar against the yen since mid-year is increasingly problematic and Friday we might have hit a boiling point. That’s because top Japanese officials…

When analysing the BTC/USD chart on 6 November, we observed the following: → News regarding Trump’s win and his campaign promises to support the crypto sector have likely contributed to Bitcoin’s rising value.→ We noted Bitcoin’s continued movement within a long-term ascending channel (indicated in blue), which has contained the price trend through 2024.→ We…

Tony Blair has urged Keir Starmer to ignore “vicious” social media platforms during his time as prime minister, saying that poring over the inevitable criticism that will rain down on him will trigger psychological problems. “You know, you start scrolling through social media that’s written about you, it’s going to do your head in,” Blair…

On October 31, 2024, Swisscom (SCMN.SW) reported its third-quarter results, showcasing a stable financial performance despite a competitive market environment. CEO Christoph Aeschlimann, along with CFO Eugen Stermetz and Investor Relations Head Louis Schmid, highlighted the company’s continued focus on innovation, customer satisfaction, and operational efficiency. Swisscom confirmed its full-year guidance for 2024, citing growth…

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