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GBP weak, down 0.5% on broad labor market disappointment – Scotiabank
The Pound Sterling (GBP) is weak, down 0.5% against the US Dollar (USD) and a mid-performer among the G10 in an environment of risk aversion and broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Oct 14
IMF says Gaza peace deal creates opportunity for lasting economic recovery
WASHINGTON, Oct 14 (Reuters) - The Israel-Hamas peace deal that halts two years of armed conflict in Gaza presents an opportunity for a lasting economic recovery in the region, the International Monetary Fund's deputy chief economist said on Tuesday.Petya Koeva-Brooks said the IMF stands ready t...Reuters
Tue, Oct 14
IMF says China must work to boost domestic demand, property sector still an issue
WASHINGTON, Oct 14 (Reuters) - China must rebalance its growth model towards domestic demand, which has been weak for some time due to the country's property bust, the International Monetary Fund said on Tuesday, emphasizing a message it has long delivered to Beijing.Gourinchas noted that China ...Reuters
Tue, Oct 14
Latest US-China trade tensions add to economic risk, IMF's Gourinchas says
WASHINGTON, Oct 14 (Reuters) - The latest trade tensions between the United States and China pose a downside risk for the global economy that is not reflected in the International Monetary Fund's latest outlook, chief economist Pierre-Olivier Gourinchas said on Tuesday.Gourinchas told reporters ...Reuters
Tue, Oct 14
AI investment boom may lead to bust, but not likely systemic crisis, IMF chief economist says
Gourinchas says AI boom similar to 1990s internet bubbleHe says AI investment not built on leverage, reducing systemic riskTech firms pouring hundreds of billions of dollars into AI chips, data centers, other infrastructureBy David Lawder WASHINGTON, Oct 14 (Reuters) - The U.S. artificial intelli...Reuters
Tue, Oct 14
EUR/GBP gains as UK labor market weakness, French political risks weigh
The EUR/GBP price remains on a firm footing on Tuesday, trading around 0.8710, up 0.40% for the day at the time of writing. The British Pound (GBP) weakens after softer-than-expected UK labor market data, which strengthens market expectations for further monetary easing by the Bank of England (BoE).
Fxstreet
Tue, Oct 14
USD/JPY: Likely to trade in a range between 151.85 and 152.75 – UOB Group
US Dollar (USD) is likely to trade in a range between 151.85 and 152.75. In the longer run, the current price movements are likely the early stages of a 149.50/153.00 range-trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 14
GBP/JPY Price Forecast: Pound extends its reversal below 202.00
Pound’s reversal against the Yen extended to fresh one-week lows at 201.34, hammered by a downbeat UK employment report and the risk-averse sentiment stemming from a new chapter of the Sino-US trade feud.Data from the UK released earlier on Tuesday revealed an unexpected increase in the jobless rate
Fxstreet
Tue, Oct 14
FOREX-U.S. China trade tensions send Aussie sliding 1%, boost safe havens
Markets turn risk off on fragile U.S.-China relationsAussie slides as investors flock to safe-havens, yen strengthens Labour market data hurts sterling Cryptocurrencies extend declineBy Rae Wee and Alun John SINGAPORE/LONDON, Oct 14 (Reuters) - The Australian dollar tumbled on Tuesday, while the ...Reuters
Tue, Oct 14
Japan's Takaichi plans to arrange one-on-one meetings with opposition leaders
Japanese Liberal Democratic Party (LDP) leader Sanae Takaichi announces that she is making arrangements to hold one-on-one meetings with each of the three major opposition party leaders on Wednesday, according to JiJi news agency.Fxstreet
Tue, Oct 14
RPT-After record crypto crash, a rush to hedge against another freefall
Options market sees 'put' buying in bitcoin, etherVolatility spikes across the boardPost-crash, bitcoin flows holding up wellInvestors shifting flows to bitcoin from altcoins -analystBy Gertrude Chavez-DreyfussNEW YORK, Oct 13 (Reuters) - Following the largest crypto liquidation in history l...Reuters
Tue, Oct 14
RPT-COLUMN-Gold buyers dodging bubbles may be blowing one: Mike Dolan
By Mike DolanLONDON, Oct 14 (Reuters) - Some investors may be buying gold to dodge the next bubble, whether that be overheated tech stocks, rising government debt or even elevated inflation. But what if the scramble for gold itself is the real bubble?The 56% rise in gold XAU= so far this year has be...Reuters
Tue, Oct 14
