US business activity lost momentum in September, according to the flash reading of S&P Global’s Composite PMI, which ticked down to 53.6 from 54.6 in August. The index, where any reading above 50 indicates expansion, points to a private sector that seems to be struggling to strengthen further. Source: fxstreet.com (Read Full Article)

High-yield 3.571%WI level at the time of the auction 3.572%tail -0.1 basis points versus 6 month average of -0.5 basis points.Directs 30.77% versus 6 month average of 27.3%.Indirects 57.75% versus 6 month average of 61.4%bid to cover 2.51X vs 2.61XAn average auction. Not too great. Not too bad. This article was written by Greg Michalowski at investinglive.com. Source: investinglive.com (Read Full Article)

The Australian Dollar (AUD) is moving cautiously on Tuesday, as markets await the release of the monthly Consumer Price Index (CPI) for August, scheduled on Wednesday at 01:30 GMT. Source: fxstreet.com (Read Full Article)

United States Richmond Fed Manufacturing Index came in at -17, below expectations (-5) in September Source: fxstreet.com (Read Full Article)

The dip buyers won yesterday but today it’s the sellers in charge. The weakness in equities has extended after Powell, despite what I thought were some fairly-dovish comments. The driver seems to be technology with Nvidia and Amazon both down about 2.5% in what’s likely a round of profit taking. The circular spending and investment paths with Nvidia, OpenAI and Oracle is something of a concern. This article was written by Adam Button at investinglive.com. Source: investinglive.com (Read Full Article)

Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday he could eventually support shifting the central bank’s 2% inflation target to a range. Source: fxstreet.com (Read Full Article)

NATO countries should shoot down Russian planes if they enter airspaceI think Orban (Hungary PM) will stop buying Russian oilI don’t know exactly what happened in Denmark This article was written by Adam Button at investinglive.com. Source: investinglive.com (Read Full Article)

The Euro (EUR) is treading water against the US Dollar (USD) on Tuesday after preliminary Purchasing Managers Index (PMI) releases from both sides of the Atlantic showed slowing momentum, with EUR/USD steady as the Greenback holds firm on evidence that US private sector output continues to expand de Source: fxstreet.com (Read Full Article)

I thought the comments from Powell today were more-dovish than at the FOMC press conference. He repeatedly emphasized risks to the jobs market, noting that the jobs market had softened over the summer.”I can’t say that the labor market is really solid anymore,” he said.He offered some token comments about inflation risks but also said that he thinks tariff inflation will be passed through by year end. Given that timeline and monetary policy lags, that’s as close as you’re going to get to him endorsing the market-implied path of about 100 bps in easing in the coming 12 months.The FX market responded with some mild US dollar selling and that let the euro challenge the highs of the day at 1.1820. It wasn’t able to get above though and remains in a tight range today.Bond markets pushed yields lower with US 2s down 1.5 bps on the day to 3.588%.Overall it’s a small move but the direction is dovish. This article was written by Adam Button at investinglive.com. Source: investinglive.com (Read Full Article)

Ahead of the Bank of Japan’s (BoJ) eagerly-awaited Minutes, due to be published on Wednesday at 23:50 GMT, the Japanese Yen (JPY) is holding steady against the US Dollar (USD), with USD/JPY hovering around 147.70, showing no intraday trend. Source: fxstreet.com (Read Full Article)