The BRC gauge is a narrow, backward-looking snapshot, so the market is likely to look past the small dip in shop prices and focus on the official inflation path, which is forecast to climb above 4% next year. Energy is the swing factor: oil and gas prices tied to the Iran conflict feed directly into retailers' costs and into the inflation outlook, so diplomacy headlines can move UK rate and…
A relatively quiet calendar but we do have an expected Reserve Bank of Australia rate hike. I'll get a preview posted but for how: RBA preview: A 25 bps rate hike is priced in, but what comes after that? This article was written by Eamonn Sheridan at investinglive.com.
Trump: We will win the Iran war very soon and gas prices will come tumbling down Trump prepared to ease sanctions and release frozen funds for nuclear progress - report Iran foreign minister's stay in NY has not been extended September Dallas Fed manufacturing business index 9.8 vs 11.6 prior ECB's Lagarde: We view a 'measured response' as appropriate to keep inflation in check Goldman Sachs: A…
Had a very respectful meeting with China's Xi It's hard to take anything Trump says about Iran seriously. This article was written by Adam Button at investinglive.com.
Trump will make an announcement in the Oval Office today. The scheduled time is 2 pm ET but White House events never happen on time. The topic is a $15 billion steel mill in Iowa but reporters will be there and will surely ask him about Iran. In all likelihood he will have the usual rhetoric but it's something to keep an eye on. WTI was last up 18-cents to $92.59 after rising as high as $96.54…
Perhaps diplomacy isn't dead. Al Jazeera reports that diplomacy is continuing, citing a US official, and that Trump is prepared to ease sanctions and release frozen funds for progress on the nuclear issue. There isn't much detail on the report but it's starting to get a wider viewing and it's moving markets. The report also says the US is continuing 'positive' discussions and adds that Iran is…
Irib reports -- and it was confirmed by an Iranian spokesman -- that Aragchi's New York stay has not been extended. he met with mediators today but I imagine they relayed that the US hadn't accepted their proposal and hadn't offered anything constructive back. Oil shot higher on the report. This article was written by Adam Button at investinglive.com.
Prior was 11.6 New orders 30.7 vs 22.0 prior Shipments 24.8 vs 14.1 prior Employment 15.1 vs 8.0 prior Capex 8.5 vs 8.2 prior Production 29.5 vs 16.1 prior Outlook 8.7 vs 19.2 prior The production index, a key measure of state manufacturing conditions, jumped 13 points to 29.5, which is a nice pickup but executives remain pessimistic. Here are the comments in the report: Beverage and tobacco…
Diplomatic efforts between the US and Iran could resume as early as Monday or Tuesday, with mediators expected to hold separate discussions with both sides, according to an official briefed on the negotiations. Iranian Foreign MinisterAraghchi and Qatari mediators are expected to remain in the US as the talks take place. The discussions are reportedly focused on an amended version of Iran's…
Headlines: Gold price breaks below $4,200 as surging Treasury yields deepen the technical damage Gold collapses as Trump rejects Iran's proposal to reopen Strait of Hormuz and signals new bombings Japanese yen jumps as top currency diplomat Mimura reiterates strong currency alliance with the US US jobs report could decide how much higher Treasury yields can go Stock earnings pick of the week: Can…
Which broker or prop firm gets your vote? The Finance Magnates Awards 2026 voting is now live, giving traders the chance to recognise the brokers and prop firms they know, use and trust. Whether you have been trading with the same broker for years, recently joined a prop firm, or have a brand you believe deserves more recognition, now is the time to have your say. Voting closes on 16 October…
Japan is maintaining a close watch on the yen, with its top currency diplomat, Mimura, reiterating that authorities remain concerned about the currency's underlying moves and are prepared to respond if necessary. Mimura said that Japan, the finance minister and the US have sent a clear message regarding the yen, highlighting the close coordination between the two countries. He also pushed back…
It's only Monday but it feels like markets already have plenty to digest this week. Geopolitical tensions remain up in the air. Higher oil prices. Surging bond yields. Stocks and gold under threat again. It's all to play for with month-end and quarter-end volatility also set to kick into gear. But in terms of macro catalysts, the big one is arguably the US jobs report that will only come on…
EUROPEAN SESSION In the European session, we don't have anything on the agenda today, so the markets will likely continue to trade based on the latest geopolitical developments. The week started on a negative note as Trump rejected Iran's latest proposal that would have reopened the Strait of Hormuz within seven days. Trump said that the conditions were unacceptable, but those conditions have…
Nikkei gives up early gains as Nasdaq futures slip before Micron earnings Treasury's $202 billion settlement is routine, not a Bitcoin trigger Goldman: US diesel export ban would cut US prices about 4%, lift European cost (d'uh) China industrial profits rise 4.2% in August, weakest monthly gain this year China and U.S. to set up Trade Council and extend trade truce to January 2027 PBOC sets USD/…
The slowdown in August puts the focus back on how much support Beijing will offer to protect corporate earnings, and economists quoted in the reports expect it to lean harder on stimulus. Any move would matter for Chinese and broader Asian equities, particularly industrial and materials names exposed to weak domestic demand. The persistent rise in energy costs cited in the reports is a further…
An extended truce lowers the risk of a tariff flare-up in the near term, which tends to support risk sentiment across Asian equities and China-linked currencies. The agriculture working group and the comments on U.S. coal point to possible demand for American farm and energy exports, though no volumes or purchase commitments were disclosed. The tariff-reduction framework is the item traders will…
Trump will meet with Xi again in November Xi: US-China relationship will be one of strategic stability based on respect, fairness and reciprocity September final UMich consumer sentiment 48.1 vs 47.6 expected USTR's Greer: We have reached agreements with China on a sub-set of goods we can trade US August durable goods orders 0.0% vs -0.4% expected Plan for your new trading week ahead in the forex…
Trump says he will meet with Xi again in November and then again at the G20 in DDecember in Miami. Trump said the meeting was one of friendship, strength and success for both the USA and China. This article was written by Adam Button at investinglive.com.
Al Jazeera's bureau chief in Tehran, Nourddine Dgheir, citing sources in the city, says the atmosphere around talks is increasingly positive. He writes that Iran-U.S. negotiations, which are ongoing in New York, have moved beyond initial diplomatic contacts into a more detailed technical phase, with technical experts joining the discussion. More Iranian officials have travelled to New York for…
News text belongs to its source; only the headline and a short summary appear here.