U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal…
EUR/GBP seen at risk of dipping to 0.85 on a three-to-six-month view, Rabobank
GBP dropped this week on the back of the BoE’s unchanged policy decision. Economists at Rabobank have revised their six-month EUR/GBP forecast modestly. The gloomy economic outlook…
FTX’s former external legal team disputes involvement in fraud allegations
In a recent court filing, a United States law firm that had previously offered services to FTX challenged allegations of assisting Sam Bankman-Fried in his…
Dollar to hold gains (ING)
FX markets are settling down after a big week of central bank policy announcements. Economists at ING discuss the USD outlook. 4.50% on the US 10-year…
Sinking miners boost our profits: Should we stay short?
I warned the miners were weak, and they again buckled under the pressure. As a result, yesterday’s comments remain up-to-date, and I encourage you to…
UAW strikes more GM, Stellantis facilities, cites progress in talks with Ford
The United Auto Workers expanded its strikes against Detroit automakers General Motors (NYSE: GM) and Chrysler parent Stellantis (NYSE: STLA), but kept its Ford (NYSE:…
AUD/USD rallies despite a firm US Dollar, a risky mood, and falling US yields
The Australian Dollar (AUD) stages a comeback versus the Greenback (USD) on Friday, and it remains set to finish the week with decent gains. Overall…
Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar
Bitcoin is a bargain for some at current levels, but downside BTC price predictions remain firmly on the agenda. Bitcoin BTC $26,585 circled lower after the…
Kokusai Electric plans an $860 million IPO on the Tokyo Stock Exchange
Kokusai Electric, a Japanese firm specializing in semiconductor production equipment, is set to launch an initial public offering (IPO) on the Tokyo Stock Exchange on…
BoE Preview: A hike would provide GBP/USD with some much-needed support.
The dramatic repricing of the Bank of England tightening cycle has taken its toll on Sterling over recent weeks. Economists at ING analyze the GBP outlook ahead of the interest…