Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
News for The Week
New week is here, guys! We hope that this week will be profitable for you. Let’s check the most interesting events.
The time zone is GMT+3. Check your time zone here - https://www.timeanddate.com/time/map/
EUR 16:00 ECB President Lagarde speaks
USD 17:00 Conference Board Consumer Confidence
USD 17:00 New Home Sales
USD 15:30 Core Durable Goods Orders
Oil 17:30 Crude oil inventories
EUR 15:00 German CPI
USD 15:30 US GDP
USD 15:30 Initial Jobless Claims
USD 23:00 Fed Chairman Powell speaks
GBP 09:00 UK GDP
EUR 12:00 European CPI
USD 15:30 Personal Consumption Expenditure (PCE)
News to keep you updated
US domestic banks saw large deposit outflows last week, but loan volumes also increased.
According to Bloomberg, the US Treasury will launch a repurchase of Treasuries from the market as early as next year to increase market liquidity.
According to Rebellion Research, Nvidia's stock price is a real bubble. The stock will soon collapse, like the tulips of the 17th century or the dot-com companies of the 1990s.
The IFO business climate index, calculated based on a survey of German companies, remained unchanged at the end of September, amounting to 85.7 points. The dynamics of the three IFO German indices turned out to be diverse, and the head of the IFO, Clemens Fuest, stated that: “...crisis phenomena are now dominant, the scale of current problems, especially in exports and industry, is quite extensive. Some improvements are possible, but not until next year...”
According to BBG, the real estate stock index in China dropped by 6% - the biggest daily drop since December 2022. Chinese Evergrande stocks plummeted by 25%. The company could not issue new bonds in the current circumstances. It is reviewing its restructuring plan.
According to some experts, the gold price will go up when the acute phase of the current crisis passes. The price is not rising now simply because the price of gold is primarily the result of speculative forces and not real physical purchases. XAUUSD is sliding down. The price broke 200MA, and it is moving to $1915.
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!