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Monday, September 16, 2024

Asia Market Movers | ForexLive Asia-Pacific FX news wrap: USD slips a little - Trump shots - Weak China data

ForexLive Asia-Pacific FX news wrap: USD slips a little - Trump shots - Weak China data

UBS says gold is its "Most Preferred" in its global asset allocation WSJ opinion piece argues the Fed should cut by a 50bp, not 25 BoA analysts are not expecting much clarity from the FOMC this week I... 

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UBS says gold is its "Most Preferred" in its global asset allocation

UBS analysts have reaffirm their bullish outlook on gold, pointing to its value as a hedge against macroeconomic and geopolitical uncertainties: maintains a target price of $2,700/oz by mid-2025 In br... 

WSJ opinion piece argues the Fed should cut by a 50bp, not 25

Greg Ip is the chief economics commentator for T he Wall Street Journal (gated). He has weighed in on the FOMC decision coming up on Wednesday, September 18: The Federal Reserve's interest-rate decisi... 

BoA analysts are not expecting much clarity from the FOMC this week

Analysts at Bank of America are not expecting clarity on the Federal Reserve's rate path ahead from the Summary of Economic Projections (SEthat'll be published on Wednesday alongside the rate cut deci... 

ICYMI - China quietly slipped out very weak data over the weekend

Data from China for August economic activity was terrible. Weak consumption was reflected in very slow retail sales growth. A previous bright spot, industrial production, decelerated also. Youth unemp... 

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FX option expiries for 13 September 10am New York cut

There is arguably just one to take note of on the day, as highlighted in bold . That being for AUD/USD at the 0.6740 level. It isn't one that holds much technical significance though, so there might n... 

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