October 2024 – Page 4 – UAG Trade Asia

Sterling Stages Small Rebound; Hovers above 1Month Low

October 15, 2024
Finance
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LONDON, Oct 15 Reuters The British pound edged higher against the dollar and the euro on Tuesday after mixed labour market data, which should clear the way for the Bank of England to lower interest rates next month but proceed at a measured pace. British pay grew at its slowest rate in more than two […]

October 15, 2024
Finance
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Fresh alltime high for gold likely by yearend, analyst says Platinum market to be undersupplied in 2025 UBS Oct 15 Reuters Gold prices held steady on Tuesday as the U.S. dollar remained near twomonth highs, with markets caught between profittaking and prospects for further rate cuts by the Federal Reserve. Spot gold was steady at […]

October 15, 2024
Finance
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USGerman bond yield gap at its widest since July Goldman reckons spread could hit 200 bps ECB tipped to deliver third rate cut on Thursday LONDON, Oct 15 Reuters A rapid divergence between euro zone and U.S. government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure on […]

October 15, 2024
Finance
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MUMBAI, Oct 15 Reuters The Indian rupee hovered close to a record low on Tuesday, pressed by a fall in its regional peers, while mild dollar sales from staterun banks supported the currency which has remained subdued this month. The rupee was at 84.0725 against the U.S. dollar as of 1120 a.m. IST, nearly unchanged […]

October 15, 2024
Finance
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EURUSD Pressure continued EURUSD that fell today to 1.0891, the lowest in two months. It is correct that ECB is likely to cut the rates on Thursday rate decision, however such a decision was already priced in and the traders must focus on the monetary policy forward guidance. Industrial production economic sentiment index from EZ […]

October 15, 2024
Finance
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JOHANNESBURG, Oct 15 Reuters South Africa39;s rand softened early on Tuesday ahead of the release of the South African Chamber of Commerce and Industry39;s SACCI September Business Confidence Index and the South African Reserve Bank39;s SARB biannual Monetary Policy Review. At 0644 GMT, the rand traded at 17.6350 against the dollar , about 0.2 weaker […]

October 15, 2024
Finance
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FTSE 100 down 0.1; FTMC 250 up 0.2 British unemployment rate down to 4 from 4.1 Bellway up after upbeat 2025 forecast Oct 15 Reuters Britain39;s benchmark index opened lower on Tuesday, dragged down by heavyweight oil stocks and industrial metal miners, while investors parsed through wage and employment data released earlier in the day. […]

October 15, 2024
Finance
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LONDON, Oct 15 Reuters The U.S. dollar was perched near it highest in more than two months against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term. A string of U.S. data has shown the economy to be resilient, while inflation in September rose […]

October 15, 2024
Finance
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German DAX hits record high Energy, miners shares hit multiweek lows Ericsson climbs after Q3 core profit beat Deutsche Bank falls after Goldman carries out stock sale Oct 15 Reuters European shares turned lower after hitting an over twoweek high earlier on Tuesday, weighed down by mining and energy stocks, with investors also monitoring the […]

October 15, 2024
Business
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Oct 14 Reuters Adobe on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative artificial intelligence. The Firefly Video Model, as the technology is called, will compete with OpenAI39;s Sora, which was introduced earlier this […]

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Sterling Stages Small Rebound; Hovers above 1Month Low

Gold Stalls as Buoyant US Dollar Keeps Gains in Check

European and US Bonds Rapidly Diverge, Economic Wedge Widens

Rupee Pinned near allTime Low, Regional Currencies Decline

Market Report Expert Technical Fundamental Insights 15.10.2024

ZAR Softer ahead of Business Confidence Index, Monetary Policy Review

Oil Firms, Industrial Metal Miners Drag Down Londons FTSE 100

Dollar Steady near TwoMonth High, Markets Weigh Fed Outlook

Energy, Miners Steer Europes STOXX 600 Lower from 2wk High

Adobe Starts RollOut of AI Video Tools, Challenging OpenAI and Meta

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