Neil Parker, a globally renowned yen exchange-rate expert, said the yen will rise to 147 yen per dollar next year as the interest-rate gap between Japan and the United States narrows, from its current level of around 158. Parker has tracked yen exchange-rate movements for more than 30 years and has lived through multiple economic […]
Joachim Nagel, a member of the European Central Bank’s Governing Council, said the bank may raise borrowing costs next month as the inflation outlook worsens. In a speech in Berlin, Nagel said that even the consumer price baseline forecast released in September was based on expectations of further price increases, and that conditions have deteriorated […]
U.S. stock market rout may not be over; hedge funds face further stampede risk On Thursday, the three major U.S. stock indexes plunged across the board, leaving no company immune, from chipmakers such as Nvidia to defensive stocks such as Walmart. Because political developments could dampen growth in the artificial intelligence sector, companies at the […]
Taking advantage of the wave of voters’ anxiety, the Democrats swept the Congress. The anger of the people over the cost of living and the Iran war led to a fierce criticism of President Donald Trump and his party just two years after his strong return to the White House. In the House of Representatives, […]
With the midterm elections settled, Democrats have swept both the Senate and the House. Although markets had already expected Democrats to retake the House, the Senate was also reclaimed with a 54-46 majority, which was slightly more than markets had anticipated. Gold prices once rose 1.9%, nearing $4,140 per ounce. U.S. Treasury yields fell across […]
Binance Holdings Ltd. said on Tuesday that, in the most detailed investigation report to date, hackers used social engineering techniques, including fake job interviews, as well as malware, to carry out a theft worth as much as $6.3 billion. Binance blamed North Korea for the hack, saying it involved a “meticulously planned, multi-stage operation.” The […]
Citi’s U.S. foreign exchange trading desk expects that although carry-trade strategies may struggle to replicate a period of significant returns, they will continue to offer opportunities for investors. Fouad Mufdi, the bank’s head of Americas foreign exchange trading, said the strategy of borrowing in low-yielding currencies to invest in higher-yielding regions will continue to benefit […]
Goldman Sachs has raised its oil price forecasts for year-end and 2027 amid rising supply risks, following months of conflict in the Middle East, with other banks also revising their outlooks upward. Analysts Daan Struyven and Yulia Zhestkova Grigsby stated in a report that Brent crude is now expected to average $105 per barrel in […]
The central bank maintained its benchmark interest rate while for the first time stating that underlying inflation has reached its 2% target—a milestone development that opens the door to a potential rate increase as early as December. The decision was approved by a vote of eight to one. As a result, the yen strengthened against […]
Fed officials kept interest rates unchanged and reaffirmed their commitment to controlling inflation, but did not explicitly signal a likelihood of raising rates at the next meeting in December. However, Fed Chair Kevin Warsh stated during a subsequent press conference that officials had “clearly indicated we are ready to act as circumstances require, and we […]