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Gold Price Soars to 7-Week Top Amid Weak Dollar, Geopolitics – Forex Crunch
Gold price posts solid gains on Monday as dollar remains broadly softer after dovish Fed. Markets anticipate further easing that could lower the yields and benefit the gold. Investors are now eying delayed US NFP and CPI data, along with major central bank decisions to reposition. Gold prices started the week on a firm footing,…
General election live: Tory failure has left Labour with hard choices, says Streeting as he defends manifesto
Key events Here is some of what I am expecting today. The Conservatvies are due to hold a press conference this morning with chief secretary to the Treasury Laura Trott giving a response to the Labour manifesto. For Labour, Rachel Reeves and Jonathan Reynolds are at the moment discussing the Labour manifesto with business leaders…
BoE’s Mann: Larger rate cuts needed as global spillovers worsen – Action Forex
BoE MPC member Catherine Mann argued that recent monetary policy actions have been overshadowed by “international spillovers.” Financial market volatility, particularly from cross-border shocks, has disrupted traditional policy signals, making “founding premise for a gradualist approach to monetary policy is no longer valid”. Mann said that larger rate cuts, like the 50bps reduction she supported…
Old Tech Haunts: Still Love These 7 Gadgets? (Get Them Back!) – Dumb Little Man
Hey there, fellow tech-lovers and nostalgia-chasers! Are you ready to take a wild trip down memory lane? Because today, we’re diving deep into the world of old tech – those incredible, sometimes clunky, but always charming gadgets that paved the way for the sleek stuff we use today. It’s kind of a big deal, you…
China Sept: Retail sales +3.2% y/y (expected +2.5) Industrial production +5.4% y/y (4.6) | Forexlive
The data is in the screen shot below. More: the unemployment rate in 31 cities was 5.1% January – September property investment was down 10.1% y/y January – September infrastructure investment was +4.1% Offshore yuen is up a little after the data. All three of the major activity indicators were above expectations, with retail sales…
