Natural Gas and Oil Forecast: Volatility Looms as U.S. Elections and Fed Decisions Approach.Natural Gas and Oil prices rise as geopolitical tensions and upcoming U.S. elections fuel market uncertainty. Key resistance levels may trigger further gains.
Big Rate Cut in Canada.In the euro area, focus turns to the October flash PMIs. We expect the manufacturing sector to remain in contractionary territory, while still edging up to 45.4 from 45.0, due to the way in which the PMI index is constructed.
Rupee little changed, bucks regional volatility trends ahead of US election.The Indian rupee was largely flat on Thursday with volatility expectations signalling that the currency is expected to remain rangebound, even as its regional peers brace for swings heading into the U.S. presidential election.
ECB's Vasle: We should keep going to neutral in measured steps.European Central Bank (ECB) Governing Council member Bostjan Vasle said on Thursday that “we should keep going to neutral in measured steps.”