In the European session, we don’t have much on the agenda other than a couple of low-tier releases like the Eurozone Retail Sales and the Swiss unemployment rate that won’t change anything for the respective central banks. In the American session, the main highlight will be the release of the US Jobless Claims figures. Initial […]

It is being reported that the BOJ would want to push forward with a rate hike to end the year with the government expected to tolerate such a decision, according to the sources. As a reminder, a rate hike here would be the first since January and BOJ governor Ueda certainly alluded to that rather

Positive comments from Xi for the China trade and China proxy trade (eg, a tailwind for AUD). Will expand domestic demand in 15th five-year plan — Headlines via Reuters: China’s President Xi, in meeting with Macron: Both China and France are far-sighted, responsible and independent major countries. China’s President Xi, in meeting with Macron: China

China has delivered its strongest signal in nearly three years that it wants to moderate the yuan’s appreciation, setting Wednesday’s daily reference rate sharply weaker than market expectations. We gave a heads up earlier: Yuan nears 7 as US–China thaw lifts sentiment, but PBOC slows pace of appreciation The People’s Bank of China fixed the

Tomorrow in the US session, the Challenger job cuts will be released. During most months it is a prelude to the jobs report but because of the shutdown, there will be no jobs report until December 15 after the FOMC rate decision on December 10. Nevertheless like the ADP report, it will give some indication

If done right, affiliate marketing is every prop firm’s golden card to success. Entering the online trading space with a ‘Bang’, prop trading quickly hit a wall. Compliance scrutiny, overtrading due to challenge abuse and equity risks are only the tip of the iceberg when it comes to the challenges that prop trading firms face.

From earlier: BOJ reportedly likely to raise interest rates later this month The report above looks to seal the deal on a rate hike by the BOJ for December, with policymakers hoping to sneak in one last rate hike before their timing window closes. As mentioned then, the optics would’ve been better had they moved

Singapore Exchange (SGX) is pushing back against a report that it is exploring a takeover of Cboe Global Markets’ Australian business. The Australian Financial Review (AFR) earlier reported that SGX had held preliminary discussions with Cboe and its advisers about a potential bid for the exchange operator’s Australian unit, citing people familiar with the matter.

Judging by media coverage, those paying the highest price so far are recent graduates, whose job search has become much more difficult with the rise of OpenAI. And indeed, according to the Federal Reserve Bank of St. Louis, unemployment among young people aged 20 to 24 with a bachelor’s degree or higher reached 9.5% in

Fundamental Overview The USD has been weakening across the board ever since Fed’s Williams endorsed a December rate cut. The greenback then extended the losses further following a series of soft US data that strengthened the case for a December cut. The probability for a December cut is now at 86%, which makes it a

Japan’s 30-year government bond auction drew its strongest demand in six years on Wednesday, signalling solid investor appetite even as long-term yields hover near multi-decade highs. The Ministry of Finance reported a bid-to-cover ratio of 4.04, sharply higher than 3.12 at the previous auction in November and the highest since 2019. The auction also produced

Trump was asked about exports controls re Nvidia chips to China. He avoided the question, merely saying Nvidia is doing a very good job and that NVDA CEO Huang is a smart fellow. — In the latest quarterly results Nvidia provided solid guidance while not including any expectations re revenue from exporting chips to China.

Morgan Stanley expects a busy year for dealmaking in 2026, with a strong pipeline forming across mergers, acquisitions and IPOs, according to Mo Assomull, the bank’s co-head of investment banking. Speaking at the Reuters NEXT conference in New York, Assomull said activity levels are healthy across most major sectors — particularly technology, healthcare, industrials and

Eurostoxx +0.5% Germany DAX +0.8% France CAC 40 +0.3% UK FTSE +0.1% Spain IBEX +0.2% Italy FTSE MIB +0.1% In particular, German stocks are seeing a solid rebound after stumbling yesterday in closing lower. The mood music in Wall Street holds more positive after the Monday selloff, with gains in US major indices once more

Earlier: Yuan nears 7 as US–China thaw lifts sentiment, but PBOC slows pace of appreciation The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the

Prior 3.0% The Swiss jobless rate holds steady at 3.0%, keeping steadier in November. However, the overall trend continues to point to gradual softening in labour market conditions and that will keep the SNB on their toes especially with the eventual need to pivot to negative interest rates down the road. This article was written

Prior 42.8 This at least marks some improvement in German construction activity, though continuing to keep in contraction territory. That said, civil engineering activity is seen improving for the fourth time in six months and employment conditions actually rose for the first time in over three-and-a-half years. HCOB notes that: “The civil engineering sector is

As mentioned earlier in the week, the most significant point of this ordeal is that it means the Fed will not have an official labour market report to work with before their next policy decision on 10 December. Now, is it just all a ruse by the BLS in timing it so as to not

The major US stock indices are closing higher on the day with the Dow gains outpacing the S&P and the NASDAQ indices Dow industrial average rose 408.44 points or 0.86% at 47,882.90 S&P index rose 20.35 points or 0.30% at 6849.72 NASDAQ index rose 40.42 points or 0.17% at 23454.09. The small-cap Russell 2000 rose

The yuan is edging toward the closely watched 7-per-dollar level, lifted by improving US–China relations and a softer dollar, though the speed of its rise suggests Beijing is carefully managing the appreciation. Info via a (gated) Bloomberg report. In brief. China’s onshore yuan strengthened to around 7.06 on Wednesday, its firmest level in more than

Trump administration is preparing to hold a high-level meeting to decide whether to provide licences to allow Nvidia to export the H200 to China – Financial Times with the report. If the controls are watered down it’ll mean a big boost for Nvidia. Earlier: Trump avoids questions about China and Nvidia More: US halted plans

Trump has covered a number of topics in his comments. Speaks a little on the Witkoff and Kushner meting with Putin: Reasonable good meeting We’ll see what happens What comes out of meeting I can’t tell you Putin wants to end the war Nothing substantive here. I guess there are a number of alternatives: Trump

Chevron has set its 2026 capital-spending budget at $18–19 billion, the low end of its previously guided $18–21 billion range through 2030, as the company focuses on high-return upstream growth in the United States and Guyana. The plan follows last month’s announcement of a multiyear cost-cutting and efficiency drive aimed at boosting returns. CEO Mike

Tesla’s UK sales dropped sharply in November, with registrations falling 19% year-on-year to 3,784 units, according to preliminary data from research group New AutoMotive. The decline follows an even steeper halving of sales in October and reflects Tesla’s continued loss of momentum in Europe as Chinese EV makers, led by BYD, expand rapidly with cheaper,

Wall Street executives and major corporate insiders are making a final push to dissuade President Trump from appointing Kevin Hassett as the next Federal Reserve chair, according to people familiar with the outreach. The info comes via Charles Gasparione, Greg had the info here earlier: Gasparino: Wall Street does not like Hassett. Their concern centres

Bank of Japan Governor Ueda comments are here from earlier: Bank of Japan Governor Ueda says current interest rates are still accommodative Recaps are focusing on his rambling about the neutral rate. Ueda said there is still significant uncertainty about how far the BOJ can ultimately raise interest rates, citing the difficulty of estimating Japan’s

Both the S&P and NASDAQ have swung back into positive territory after starting the session under pressure. At their lows, the NASDAQ was down 141.84 points and the S&P was off 18.94 points, but steady buying has pushed both indices higher. The S&P is now up roughly 26 points (0.38%), while the NASDAQ has gained

JPMorgan says the labour market will dominate Wall Street’s macro focus heading into 2026, with chief US economist Michael Feroli warning that the softening in job conditions is becoming harder to ignore. In a note released Wednesday, he said weakening labour demand is now joining the well-flagged slowdown in labour supply, pointing to several quarters

Australian Household Spending in October 2025 +1.3% m/m expected +0.6%, prior +0.3% +5.6% y/y expected +4.6%, prior +5.1% — Trade Balance in October 2025 AUD4385mn expected 4219mn, prior 3938mn Imports +2.0% m/m prior +1.8% non monetary gold jumped (non-monetary gold is all gold traded or held for jewellery, investment or industry, excluding central-bank reserve holdings;

Earlier: Yuan nears 7 as US–China thaw lifts sentiment, but PBOC slows pace of appreciation — People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC

US stocks close marginally higher Trump says Witkoff meeting with Putin ‘reasonably good’. Trump adds no substantive details Tomorrow in the US the Challenger job cuts and US unemployment claims Crude oil futures settle at $58.95 Gasparino: Wall Street does not like Hassett. Rep Stefanik: Calls House Speaker an ineffective leader who is losing control

Charlie Gasparino is X’ing: Despite the headline, Hassett has extended his lead on Polymarkets. The number was about 67% yesterday. Number 2 on the list is Kevin Warsh. This article was written by Greg Michalowski at investinglive.com.

The NZDUSD is up over 0.6% in trading today, and in the process is moving away from support levels tested earlier today near the 100 hour moving average and swing area at 0.57315, and moving toward key resistance targets near 0.5800. In the video above I talked about the technicals that have been driving this

The USDCAD is trading in an up-and-down trading pattern today. In the process, the price tested a support target at the 50% midpoint of the move up from the mid-September low. That level was also the low price going back to last Friday. The subsequent bounce saw the price move up to test a key

Republican representative Elise Stefanik, an ally to Pres Trump is criticizing House Speaker Mike Johnson: He is an ineffective leader who is losing control over the GOP conference heading into the midterm elections He certainly wouldn’t have the votes to be speaker if a roll call vote was made tomorrow. Believes that a majority of

The latest crypto market crash, with more than $1.2 trillion erased in the last 6 weeks, is the worst downturn crypto investors have experienced since 2022. Bitcoin, which posted an all-time high just recently, took the brunt of it, shedding more than 30% of its value and falling below $82k. This represents a seven-month low

Japanese stocks are off to a strong start today with the Nikkei 225 up by 1.1%. The climb has put the index back within striking distance of 50K and leaves it up 25.0% year-to-date, as one of the top global performers. That’s a nice gain for international traders given that the yen is flat year

The major European stock indices are closing mixed on the day: German DAX -0.12% France’s CAC, +0416% UK’s FTSE 100 -0.10% Spain’s Ibex +0.68% Italy’s FTSE MIB +0.06% As London/European traders head for the exits, the major US stock indices are mixed Dow industrial average is up 191 points or 0.40% at 47667 S&P index

Prior54.6 Final Composite PMI 52.4 vs 52.1 prelim Prior 53.9 Key findings: Further, albeit slower, increases in new work and employment Comment: Commenting on the PMI data, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “The service sector is likely to keep Germany’s growth just above zero in the fourth quarter. However,

The USDINR has continued its move to the upside from a technical perspective. In the video released yesterday, I spoke specifically to the short-term support near the 89.79 level. The subsequent low reached in earlier trading today found willing buyers at 89.835 just above that level . The level remains a risk defining level for

For what it is worth, Nvidia’s CEO Jensen Huang has been seen entering Speaker the house Johnson’s office. Look for those buy orders from Capitol Hill (/S). Shares of Nvidia are down $0.23 or -0.13% at $181.24. The high price today reached $182.45. The low was at $179.11. Nvidia’s 100 hour moving averages at $183.60

Tariffs are not to blame for the jobs number Predicts US GDP growth of over 4% in 2026 Weak jobs number about shutdown, deportations. EU technology rules are costing them big time. European economies are attacking the AI development with rules Europe very much want a steel deal with US I am confident that the

The USDJPY is trading to a new session low in the process is testing a key swing area target near the 1.5500 level. In the forex quick look video above focused on the USDJPY, I talk to the technicals driving this currency pair right now for traders. This article was written by Greg Michalowski at

US MBA mortgage applications w.e. 28 November -1.4% vs +0.2% prior ECB’s Lane: Counterproductive to respond to near-term deviations Dollar continues to ease lower to start December trading The INR falls to a new all-time low with RBI expected to cut the repo rate on Friday Eurozone October PPI +0.1% vs +0.1% m/m expected UK

Maybe it’s time to start pricing in rate hikes in 2026. Here are some comments from Bullock: Inflation has surprised on the upside Output gap has probably closed, but it is uncertain We are likely already at the potential growth limit Labour market still a bit tight These are some of the most-hawkish central bank

Crude oil inventory build of 0.574M versus drawdown of -0.821 million estimate gasoline oil inventory 4.5M barrels versus build of 1.468 million estimate distillates oil inventory 2.1M barrels versus build of 0.707 million estimate. Cushing drawdown of -0.457M vs prev -0.068M The private data released late yesterday showed: Crude +2480K Gasoline +3100K Distillates +2880K. The

Treasury’s Lavorgna is speaking to Reuters and says: Expecting more growth in 2026 driven by measures emerging from the Trump tax act. Already starting to see the capex cycle turn up, signaling improving investment momentum. Full expensing rules for factories expected by year-end, supporting business investment and equipment spending. Trump policies focused more on supply-side

The GBPUSD pushed to a session high of 1.33142 early in North America, coming within five pips of the 200-day moving average at 1.33194. Sellers leaned against that level and forced a retreat to 1.3291, but buyers quickly regrouped and drove the pair back higher. That rebound has now taken the price above the 200-day

The major US indices are higher (Dow up 140 points, S&P up 20 points, and NASDAQ index up 62 points), yields are lower with the two-year down -2.6 basis points and the 10 year down -2.7 basis points, and the US dollar is lower. In this kickstart video for the North American session, I take

The US stock market experienced a captivating day of trading, marked by significant fluctuations across different sectors, highlighted by the contrasting performances of technology and auto manufacturing stocks. 🔍 Sector Overview Technology Sector: The tech sector encountered a tough day, with notable declines in software and semiconductor stocks. Microsoft (MSFT) led the downward trend with

Prior month 54.8. Preliminary 55.0 S&P Global services PMI for November 54.1 versus 55.0 preliminary S&P Global composite final for November 54.2 versus 54.8 preliminary. Last month 54.6. Details from S&P Global US Services & Sector PMI — Key Takeaways All seven U.S. sectors expanded in November, continuing growth seen in October. Most sectors grew

The dollar is down across the board again today and it’s been a tough week so far to start the new month. GBP/USD is leading the charge today, moving up by 0.5% to 1.3285 – its highest in five weeks. But if anything, do keep a close watch on EUR/USD as it nudges back up

The WSJ reports that Trump has cancelled interviews with Fed Chair candidates after homing in on a pick. The Timiraos report said interviews were scheduled for Wednesday with JD Vance were cancelled. No reason was given for the move and it wasn’t clear if the meetings would be rescheduled. There is no clear indication it

Prior month import prices 0.1% revised to 0.3%. Prior month export prices 0.1% revised to 0.3%. Import prices month to month 0.0% versus 0.1% expected export prices month to month 0.0% versus 0.1% expected Trade inflation remains low. The data is from September however This article was written by Greg Michalowski at investinglive.com.

Crude oil settled at $58.64, down $0.68 or –1.15% on the day. The high for the session reached $59.67, while the low dipped to $58.28. The market was driven largely by shifting headlines out of Russia. Early optimism over a potential U.S.-brokered peace proposal involving Envoy Witkopf and Jared Kushner helped push prices higher. But

ECBs Lagarde is speaking: Growth in economic activity should benefit from increased household spending and a resilient, more inclusive labor market. Indicators of underlying inflation remain consistent with the ECB’s 2% inflation medium-term target. They expect inflation to stay around their 2% target in the coming months. ECB will respond to flexibility to new challenges

Trump has normalized the idea of a 15 – 20% tariff. I’ve evolved on the idea of tariffs. Tariffs have not set off any inflationary mindset China has consistently cut prices for exports. I don’t believe tariffs are a tax The Supreme Court need to be prudent about undoing Trump’s IEEPA tariffs. He is optimistic

Canada Services PMI — Key Points Steep downturn: November saw the sharpest decline in service-sector activity since June as demand weakened amid ongoing economic uncertainty. PMI drops to 44.3: Down from 50.5 in October — the lowest since June and the 11th contraction in the past 12 months, signaling a steep contraction in activity. Weak

For those looking for the oil inventory data, there seems to be some technical difficulties in publishing the weekly data. There is some on confirmed reports that the oil inventory grew by 0.574M but that is once again unconfirmed. This article was written by Greg Michalowski at investinglive.com.

Prior month 52.4 ISM non- Manufacturing PMI 52.6 vs 52.1 estimate Business activity 54.5 vs 54.3 last month. Employment 48.9 vs 48.2 last month. Best since May. New orders 52.9 vs 56.2 last month. Weakest the since September Prices Paid 65.4 vs 70.0 last month. Other components: Backlog of orders 49.1 versus 40.8 last month.

CNBC reports: The Information report that Microsoft lowered their sales quota is not true Microsoft did lower expectations for how quickly it can get its customers to spend on newer products, specifically agents shares of Microsoft are still down by $-8 or -1.64% at $481.86 The Information has changed the title of the article .

Stocks have taken a turn to the downside after a report from The Information that Microsoft has lowered its AI sales quotas. The company has lowered expectations for how quickly it can get its customers to spend on newer products, specifically agents. Multiple divisions have reduced how much salespeople need to grow sales of certain

Prior month industrial production revised to -0.3% from 0.1% industrial production 0.1% versus 0.0%. Manufacturing output 0.0% versus 0.1% estimate. Prior month 0.1% (revised from 0.2%) Capacity utilization 75.9% versus 77.3% estimate. Prior month 75.9% (revised from 77.4%) For the 3rd quarter IP increased at an annual rate of 1.1%. The month on month data

Fundamental Overview The Nifty 50 recently hit a new all-time high before giving back some of the gains. The Indian stock market, like many others, is driven by global risk sentiment. But idiosyncratic factors can weigh on performance, nonetheless. The aggressive US tariffs have been one of the main negative factors for India this year.

Prior was 52.5 Composite PMI 52.6 vs 52.6 prelim The fastest expansion in new services export business in three-and-a-half years Central to the latest upturn in services activity was rising new business inflows Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence “November’s S&P Global Australia Services PMI indicated that growth of services activity

Prior month 42K revised up to 47K Monthly national employment -32K Goods-19 versus +9K last month Service -13K versus +33K last month small business -120 K (6 of the last 7 months have been negative. 1 to 19 employees -46K, 2249 employees -74K) medium businesses +51K large businesses +39K Sector changes. Education +30K Leisure hospitality

Market index 313.0 vs 317.6 prior Purchase index 186.1 vs 181.6 prior Refinance index 1041.9 vs 1090.4 prior 30-year mortgage rate 6.32% vs 6.40% prior This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior 52.3 Final Composite PMI 51.2 vs 50.5 prelim Prior 52.2 Key findings: Marginal expansion of business activity in November Fastest fall in employment since February Prices charged inflation lowest since January 2021 Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “November data revealed an abrupt end to the steady improvement in

It would be counterproductive to seek to respond to near-term deviations that are solidly expected to be transitory A sufficiently large and persistent deviation from the target requires a monetary policy response, regardless of its origin This is what ECB members have been repeating over and over again. The “sufficiently large and persistent” deviation I

Prior +0.1% Core CPI +0.4% y/y Prior +0.5% The struggle continues for the Swiss economy with headline annual inflation hitting 0% again. Core annual inflation is also seen easing further in November, now down to 0.4%. The clock continues to tick down as the SNB contemplates where they want to draw the line before reintroducing

Prior was 52.6 This is a five-month low as new orders softened. It follows the official PMI falling to 49.5 from 50.2 in October. The slowing data could spark another push for Chinese consumer stimulus. It’s something officials have pledged but haven’t really delivered. This article was written by Adam Button at investinglive.com.

tradeCompass Summary Map for today’s bitcoin day traders Bullish above: $94,250 (price in bitcoin futures, BTC1!) Bearish below: $93,100 Primary bias right now: Cautious bearish while under $93,100 Key idea: Price is sitting right on the bearish threshold. If Bitcoin futures break back below $93,100 and stay there, tradeCompass favors short setups. If price instead

Prior -0.1% If you take energy prices (+0.1%) out of the equation, then euro area producer prices were stable on the month. The breakdown shows an increase in prices for intermediate goods (+0.1%), capital goods (+0.1%), and durable consumer goods (+0.1%). That is offset by a decline in prices for non-durable consumer goods (-0.2%). This

Remaining ahead of the curve, year after year, in a hyper-competitive, densely populated and fast-moving industry is no small feat. Doing so for 15 years is a Herculean task. IronFX has managed this for almost two decades, while never deviating from its original mission: to offer an extraordinary trading experience and the most competitive partnership

Australia Q3 GDP +0.4% q/q vs +0.7% expected RBA’s Bullock: Inflation expectations are still anchored RBA’s Bullock: Inflation has surprised on the upside India rupee falls to record low, crosses 90 per US dollar Trump cancels interviews, zeroes in on Fed chair candidate — report China RatingDog general services PMI 52.1 vs 52.6 prior Japan

Pres Trump is announcing that the self-called “Trump Accounts” are to start July 4, 2026. Eligible children born between 2025 and 2028 may receive a $1000 government contribution to jump-start long term savings. Trump has also said that all qualified people may receive $2000 from the tariff pool. That idea has kinda died down. Although

Prior 53.0 Composite PMI 52.8 vs 52.4 prelim Prior 52.5 Better revisions in both France and Germany sees the Eurozone readings above for both the services and composite prints come in at fresh 30-month highs. That points to a relatively solid economic expansion in the region in looking to end the year, which will give

The Fed Chair decision is down to 1. Polymarket has Hassett as the favorite. Affordability is a hoax. It is because of the Democrats. Haven’t gotten a lot of information, did not know about 2nd strike on the Venezuala boat. Hegseth will have to speak to second boat strike. I want those boats taken out.

There aren’t any major expiries to take note of on the board for today, with the full list seen below. As such, traders will have little to work with in the session ahead in waiting for the US ADP employment data to come later in the day. The risk mood is keeping calmer after the

A win is a win but I don’t think Republicans will be celebrating too hard tonight in Washington. This was a seat that Trump and the prior Republican House member won by more than 20 points. Right now, the NYT is predicting a 6.7 point victory, which has been enlarging from around 3 points early

Prior 56.6 Composite PMI 55.1 Prior 56.0 Spain’s services sector continues to post strong growth in November driven mostly by domestic demand. Employment conditions are also holding up while the outlook continues to stay more positive, so it is still one of the brighter spots in Europe. HCOB notes that: “Spain’s economy remains robust, and

In the European session, the main highlight is the November Swiss CPI report. The headline CPI Y/Y is expected at 0.1% vs 0.1% prior. The data is not going to change anything for the SNB as they’ve repeated many times that the bar for negative rates is very high. They will likely need a clear

The report cites suggestions from most Chinese government advisers, saying that they continue to favour a growth target of around 5% for 2026. That’s the same target this year, although a minority camp in Beijing do want to propose a slightly lower range of 4.5% to 5.0% growth instead. China’s top policymakers will come together

Prior 54.0 Composite PMI 53.8 vs 53.2 expected Prior 53.1 Key findings: Rate of growth in new business reaches 19-month high Strongest uplift in activity since April 2023 Inflationary pressures build Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “Italy’s service sector gained traction in November, as the

The major US stock indices are closing mostly higher with the NASDAQ leading the way. Again comes after declines yesterday that snap five-consecutive days of gains. A snapshot of the closing levels shows industrial average: Dow industrial average rose 185.13 points or 0.39% at 47474.46 S&P index rose 16.74 points or 0.25% at 6829.37 NASDAQ

It’s a busy day on the economic calendar in Australia today with a sprinkling of Japanese data. The numbers kick off at the top of the hour with the S&P Global services PMI and composite PMI. At the same time, the Australia Industry Group releases its manufacturing and construction report. Then at 0030 GMT, Japan’s

I highlighted the vote in Tennessee today as a potential market mover for a variety of reasons and it remains a spot to watch. The Republican favorite Matt Van Epps is trailing 45.7% to 53.1% with about 43% of the votes in. If that’s the result it would be a disaster for Republicans in a

Prior 48.0 Composite PMI 50.4 vs 49.9 prelim Prior 47.7 Demand conditions are seen picking up, helping to bolster French services activity in November. Of note, this saw the first monthly expansion in new business since August 2024. Meanwhile, price pressures were rather benign so that isn’t going to do much to impact the ECB

The Indian Rupee has been the worst performing Asian currency this year amid several negative drivers. The RBI started to cut interest rates this year and delivered an even bigger than expected 50 bps cut in June amid below-target inflation. But the main driver has been the US tariff policy. In the first half of

Prior was 53.1 Composite PMI 52.0 vs 52.0 prior New business growth accelerated for the first time in three months New export business fell for the fifth straight month Input price inflation accelerated to a six-month high Not much is happening with this PMI but the Japanese service sector remains a bright spot, extending its

German DAX futures +0.2% French CAC 40 futures +0.1% UK FTSE futures +0.1% This follows from the mostly better performance yesterday, with only the CAC 40 index closing lower. The steadier mood in Wall Street is also helping, with US futures also marked higher as we get the day going. S&P 500 futures are up

Eurostoxx +0.2% Germany DAX +0.3% France CAC 40 +0.1% UK FTSE -0.1% Spain IBEX +0.8% Italy FTSE MIB +0.4% The risk mood continues to keep steadier with S&P 500 futures also seen up 0.2% on the day. That’s all keeping the broader market mood in good spirits especially when paired with the rebound in cryptocurrencies

Some of the rise in trimmed mean inflation is temporary Looking very hard at recent inflation numbers If inflation proves more persistent, it would have implications for policy Australian CPI numbers are going to be very closely followed in the months ahead. This article was written by Adam Button at investinglive.com.

President Trump referred to NEC Director Kevin Hassett as a potential nominee for Federal Reserve Chair. Recall that earlier today he said he plans to announce his choice in early 2026. Chair Powell’s current term does not expire until mid-May, and any successor must be confirmed by the Senate before formally taking the position. That

The precious metal is up slightly again today by 0.4% to $4,222 but it’s not signifying much when you look at the charts. Gold had been stuck in a bit of a flag/wedge in November before breaking free from that last Friday. But since then, the upside move hasn’t really took flight. The daily chart

Trump is setting up another showdown in the Supreme Court: Any and all Documents, Proclamations, Executive Orders, Memorandums, or Contracts, signed by Order of the now infamous and unauthorized “AUTOPEN,” within the Administration of Joseph R. Biden Jr., are hereby null, void, and of no further force or effect. Anyone receiving “Pardons,” “Commutations,” or any

The painful year for the Indian rupee continues as it’s now trading at record lows versus the US dollar. It’s early in the Indian trading day but it’s proving to be a tough one. The Rupee finished at 89.87 but opened lower and has now touched 90.03. It’s the first time it’s ever taken 90

Five years ago, barriers to entry in the proprietary trading sector were nonexistent. A generic website and a white-label trading platform were all an operator needed to solicit retail clients. That era has ended. The sector now faces significant scrutiny from global financial watchdogs. This pressure forces firms to professionalise their operations or exit the

The positive momentum from Tuesday’s 0.2% gain in the cash S&P 500 has carried over into a further 0.2% gain in futures, or 15 points. it was tech stocks that lifted the market on Tuesday led by Intel, Booking.com and Qualcomm. Nvidia was very strong early but faded to a 0.8% gain. Looking at the

Data out: Crude +2480K Gasoline +3100K Distillates +2880K Expectations for tomorrow’s EIA weekly report are: Crude -821K Gasoline +1468K Distillates +707K This report is the private sector’s look at US oil inventories. It drops every Tuesday at 16:30 ET (delayed to Wednesday if Monday was a holiday). Unlike the EIA report (the government data that

Prior was +0.6% q/q GDP y/y +2.1% vs +2.2% expected Prior y/y was +1.8% Consumption expenditure +0.6% vs +0.9% prior Gross fixed capital expenditure +3.0% vs -0.8% prior GDP price index +0.8% vs -0.5% prior AUD/USD is about 20 pips lower on the kneejerk. We got a hint at a soft number yesterday in the

Goldman Sachs makes a case that the slow and gradual release of delayed US economic data should ““reveal a softer run rate for the economy, particularly the labor market, that will clear the way for more policy easing and a weaker dollar from here to the end of the year”. Adding that early signs should

The counting is basically done in Tennessee and Republican Van Epps will win by 9 points with the margin at 53.9% to 45%. It was a comfortable win but not nearly as comfortable as the +21 spread in last year’s general election. So that’s good news for Democrats but I don’t think that’s a takeaway

Democratic state Rep. Aftyn Behn and Republican Matt Van Epps are facing off today in Tennessee’s 7th House district in a race that could get the market’s attention. Trump won the district against Harris by a margin of 60-38% and also won 56-41% in the 2020 election (which Trump lost). Republican Mark Green said he

US stock indices close higher. Nasdaq leads the way Trump: “Trump Accounts” to start July 4, 2026 Trump refers to NEC director Hassett as potential Fed chair Crude oil settles at $58.64. Up $0.68 or 1.15% Why the stock market is not out of the woods just yet. Treasury Secretary Bessent: We will have low

US major indices have been up 5 the last 6 trading days and that has propelled some of the big cap bellwether stocks to more favorable technical pictures. However, two of the major bellwether stocks are still having some issues from a technical perspective. One, is neutral. Both Microsoft an Nvidia are trading below both

Comments from Trump after a call with Lula: Trade among things discussed Talked about organized crime, sanctions imposed on various Brazilian dignitaries, tariffs and various other items Discussed how to work together on organized crime, sanctions imposed on various Brazilian dignitaries and other items Look forward to seeing and speaking with Lula soon These comments

Australian Industry Index: -12.5 vs -11.9 prior (-0.6 change) Manufacturing PMI: -18.0 vs -21.6 prior (+3.6 change) Construction PMI : -18.7 vs -8.4 prior (-10.3 change) While the S&P Global data showed expansion in the services sector, the Ai Group data paints a much darker picture of the industrial side of the economy. The headline

Speaking at the cabinet meeting US Treasury Secretary Bessent said: US will have low inflationary growth next year Inflation is going to roll next year. The key qualifier is growth. Inflation comes down because of a heart recession, that is not good. If inflation comes down while growth remains solid, that is the recipe for

The USDCHF has been stuck in a broad sideways range since late August, with most of the trading confined between 0.7871 and 0.8076. There have been occasional breaks outside that band—including one last week—but each attempt quickly fizzled as momentum failed to follow through. Late last week the pair rotated lower, and yesterday it dipped

To watch Trump Cabinet meeting: Trump: Will be announcing Fed chair early 2026 Even JPM Dimon thinks that Powell should reduce rate. Powell’s term does not officially end until May 15, 2026. However, if a new nominee is announced, you can be sure that Trump will be encouraging him to leave early. On healthcare Trump

Nasdaq Futures Technical Analysis For Today With tradeCompass (December 2, 2025) In a nutshell: Bullish above: 25,414 (always follow the futures price for NQ1! or MNQ) Bearish below: 25,360 Current price at the time of this analysis: 25,356 Primary bias: Short biased while price is under 25,360, but still in a 3 day trading range

The USDCAD pushed higher into yesterday’s close and extended that momentum through the Asian Pacific and early European sessions. The buyers drove the pair up toward the falling 100-hour moving average, but sellers re-emerged at that technical barrier and capped the advance. In the North American session, the pair rotated lower and has now slipped

The USD is mixed vs the 3 major currency pairs to kickstart the North American session . The greenback is higher vs the JPY (+0.34%), but is lower vs the EUR (-0.06%). The dollar is also higher vs the GBP (+0.03%). IN the video above, I take a look at the Big 3 currencies vs

German DAX futures +0.1% UK FTSE futures -0.1% This follows the more sluggish showing yesterday, with Wall Street also having posted modest declines although tech shares did bounce back decently in US trading. Still, it all points to a more cautious start to the new month as we slowly get into the final stretch of

Tariffs on autos to be lowered effective Nov 1 Will also remove tariffs on South Korean airplane parts, match reciprocal tariffs to those on Japan and EU That’s good news for South Korea. This article was written by Adam Button at investinglive.com.

Ukraine’s Zelenskyy: It is the goal of Russia that US withdrawal from engagement with Ukraine. Asked if he is afraid that the US might lose interest in the process, said yes I am afraid. Pres. Trump at his cabinet meeting said that the situation in Ukraine “Is a mess.” US envoy Witkoff and his son-in-law

Seeking a healthy price prediction on the Indian rupee? Don’t panic, we’ve got you covered. The Indian rupee has slipped to fresh record lows and is now approaching the psychologically key 90-per-dollar area. Weak foreign inflows, broader risk aversion, and uncertainty around trade discussions have intensified pressure on the currency. The central bank has reportedly

Here are the key takeaways from ECB’s Kazaks on the policy outlook: A negative economic shock would make a rate cut more likely than an equal positive shock would justify a hike. The ECB must closely monitor ETS 2 because its inflation impact is “of significant magnitude.” Current data do not “warrant a strong discussion

Major European indices are closing the day with mixed results. A snapshot of the closing levels shows: German DAX +0.51% France’s CAC -0.27% UK’s FTSE 100 -0.03% Spain’s Ibex +0.47% Italy’s FTSE MIB +0.29% As European/London traders head for the exits, US stock indices are higher but well off their highs levels. A report that

Crude oil futures settled at $59.32, a gain of $0.77 or 1.32% on the day. Over the weekend, OPEC+ left production levels unchanged as expected, while geopolitical risks tied to Venezuela along with the ongoing conflict between Russia and Ukraine continue to hang over the market. The From a technical perspective, today’s high near $60

The White House is confirming that Pres. Trump has pardon former Honduran Pres. Juan Orlando Hernandez.Juan Orlando Hernández was pardoned by President Trump even though he had been convicted in U.S. federal court for helping traffickers move massive quantities of cocaine into the United States. Prosecutors said he used Honduran police and military forces to

XM, a globally renowned broker with over 15 million clients worldwide, has officially obtained a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates, marking another key milestone in its continued global expansion. The approval by the SCA reflects XM’s dedication to operating under robust regulatory standards while continuing

The USDINR is trading to new record highs. The rupee continues to face pressure from weak trade and investment flows, even as India remains the fastest-growing major economy and local equities hit record highs. Slowing goods exports and the drag from high tariffs pose additional risks to India’s growth, current account, and balance of payments,

The price of crude oil is trading to new session lows and in the process has moved back below its 100 and 200 hour moving averages.That tilts the bias in favor of the sellers. Looking at the hourly chart, the high price reached on Monday extended up toward a downward sloping trendline connecting recent highs

After dropping nearly 5% yesterday, Bitcoin has rebounded sharply today with a gain of about 4.5%. The price is currently up $3,892 at $90,200, after reaching a session high of $90,873. Today’s low at $86,190 followed yesterday’s deeper dip to $83,814 before buyers stepped in. On the hourly chart—where the technicals turn quickest—the rebound has

Putin is speaking and is not positive: Europeans do not have a peaceful agenda they are on the side of the war. Europeans see demands that are not acceptable to Russia. If Europe wants to fight war, we are ready now. Europeans have detached from talks themselves. Attacks on tankers near Turkey is piracy the

Prior +2.1% Core CPI +2.4% vs +2.4% y/y expected Prior +2.4% The main thing to note is the core estimate and that remains unchanged from October. So, no biggie for the ECB as they continue to stick to the status quo in pausing on rate hikes through to next year. This article was written by

In the European session, the main highlight is the Eurozone Flash CPI. The headline CPI Y/Y is expected at 2.1% vs 2.1% prior, while the Core CPI Y/Y is seen at 2.4% vs 2.4% prior. The data won’t change anything for the ECB at this point as they are just monitoring the economic developments. In

According to sources, US envoy Witkoff has arrived at the Kremlin. The envoy, along with Pres. Trump’s son-in-law Jared Kushner were reportedly going together to present the peace proposal in person to Russian Pres. Putin. The report does not say if Kushner is with Witkoff. Of course it take two to tango and Ukraine/Zelinskyy is

Given increased risks, maintaining focus on financial stability is more important than ever. Risks to financial stability have risen. Most important thing we can do for economic growth is support financial stability. I would expect banks to support economy through lending following capital changes. There are no monetary policy comments. As a reminder, the BoE

Sector Overview Today’s stock market witnessed notable activity across several sectors, with technology taking the lead. Let’s dive into the sector performances and examine key players that stood out throughout the trading day. 📈 Technology Sector: The technology sector experienced significant growth, highlighted by impressive performances from leading companies. Oracle (ORCL) surged by an impressive

Prior 35.8 The trend (as seen below) continues to show improvement in consumer sentiment, which is a positive takeaway for the BOJ. The detailed breakdown shows that: Overall livelihood: 36.2 (up 1.9 from the previous month) Income growth: 41.0 (up 1.0 from the previous month) Employment: 41.7 (up 1.6 from the previous month) Willingness to

Prior was +4.1% Export volumes +3.4% vs -3.7% prior Import prices +0.5% vs +1.0% expected Export prices -1.6% vs +0.9% expected That’s good news on import prices as it will keep the pressure off the RBNZ, which is expected to remain sidelined until next Sept, when the market begins to see a chance of rate

Fundamental Overview The USD has been weakening across the board ever since Fed’s Williams endorsed a December rate cut. The greenback then extended the losses further last week following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The probability for a December cut is

Powell was scheduled to speak in an hour but the comments are out and they’re not about monetary policy or the economy. …as you were. This article was written by Adam Button at investinglive.com.

The ECB should keep powder dry and be able to react if needed This is what we’ve been hearing from ECB members over and over again. They won’t respond to small or short-term deviations from their 2% target. This article was written by Giuseppe Dellamotta at investinglive.com.

Ukraine’s Zelinskyy: Now is a better chance than ever to end the war Expects communications from the US straight after meeting with Putin Adds that he hopes to meet with US as soon as possible after Moscow meeting He is ready to meet with US Pres. Trump and everything depends on how successful talks in

Fundamental Overview Gold has been keeping a bullish bias ever since Fed’s Williams endorsed a rate cut at the December FOMC meeting. The higher rate cut odds have been a tailwind for precious metals. There’s been nothing in the meantime to stop this momentum as the recent US data came in on the softer side.

The 3 major US stock indices are closing lower on the day. The declines were led by the Dow 30 with a decline of 0.89% with Merck, Amgen and McDonalds all posting declines between 2% and 3%. A snapshot of the closing levels shows: Dow industrial average -427.06 or -0.9% at 47289.36. S&P -36.44 points

ECB’s Nagel: Eurozone inflation is practically at target and will flactuate around it BoE’s Bailey: Maintaining focus on financial stability is more important than ever Eurozone November preliminary CPI +2.2% vs +2.1% y/y expected Seasonal patterns, fundamentals point to dollar selling in December – Credit Agricole European equities hold steadier at the open today ECB’s

The more hawkish rhetoric put out by BOJ governor, Kazuo Ueda, helped to give the Japanese yen a bit of a lift to start the week/month. The pair briefly fell below the 155.00 level overnight before buyers stepped in to keep a daily close above the figure level. Before yesterday, market players seem convinced that

German economy may grow by more than 1% in 2027 Same old comments from Nagel reiterating that inflation is at target and will likely just fluctuate around it (barring economic shocks). This article was written by Giuseppe Dellamotta at investinglive.com.

The NZDUSD extended to its highest level since October 30 earlier today, with the rally peaking at 0.5751. The move higher began after the Asian-session low held a key swing area between 0.5723 and 0.5731, which acted as a solid support base for buyers. In the US session, however, the pair has rotated lower and

Crypto has entered a new phase, one defined less by speculative mania and more by structural transformation. Three forces are driving this shift: the accelerating flow of institutional capital, the rise of stablecoins as practical financial infrastructure, and the rapid fusion of AI with blockchain networks. This convergence is already reshaping the market. Roughly 27%

Australian posts largest current account deficit since 2016 Australian October building approvals -6.4% vs +4.5% expected UK BRC shop price index +0.6% y/y vs 1.0% prior New Zealand Q3 terms of trade Q/Q -2.1% vs +0.5% expected US to lower tariffs on South Korean autos to 15% effective Nov 1 RBNZ Gov Breman: Key focus

More to be done to imrprove RBNZ transparency There is a small chance of cut priced in for New Zealand over the next few months but that flips to a 50% chance of a hike next September. This article was written by Adam Button at investinglive.com.

There are just a couple to take note of on the day, as highlighted in bold below. They are for USD/JPY at the 155.00 and 156.00 levels. So, that sort of puts a pairs of bookends on price action. But amid the rebound today after the daily close held above 155.00 yesterday, buyers are hoping

Prior was -13.7B (revised to -16.15B) Net exports contribution -0.% vs -0.1% expected Goods and Services Balance: +$2.49bn vs +$2.78bn prior Net Primary Income: -$18.69bn vs -$18.99bn prior. Terms of Trade: +0.3% q/q. This is the worst reading since 2016. The ABS notes that the fall was led by the net secondary income deficit widening,

Eurostoxx +0.1% Germany DAX +0.2% France CAC 40 flat UK FTSE flat Spain IBEX +0.4% Italy FTSE MIB +0.4% This comes after the more sluggish performance yesterday to kick start the new week/month. As things stand, market players are definitely still reserving some caution as the overall risk mood remains on the rocks. US futures

Prior +0.3%; revised to +0.2% UK house prices continue to pick up on a monthly basis, with the average house price now seen at £272,998. On an annual basis though, prices are softening slightly to 1.8% year-on-year but overall conditions remain fairly steady in the housing market. Nationwide notes that: “November saw a slight softening

Happy Tuesday as we kick off Asia-Pacific trading. Eamonn is away today and tomorrow so I will be sitting in. I was in London last week at the Finance Magnates London Summit and met up with loads of traders and had a great time. I also got to hear about a few new products that

FTMO (https://ftmo.com/en/faq/), a global leader in modern prop trading, has completed the acquisition of OANDA Global Corporation (“OANDA”), one of the world’s leading online trading groups. The transaction has been in process since the beginning of this year, when FTMO signed a purchase agreement with the previous owner, CVC Asia Fund IV (“CVC”), subject to

American Black Friday sales numbers were released from the usual suspects earlier on Monday. Mastercard SpendingPulse estimated that Black Friday retail sales ex-autos were +4.1% y/y, accelerating from the prior year’s +3.4% y/y growth. Adobe sees sales through Cyber Monday up 6.3% on a year-over-year basis Salesforce said Canadian online sales for the weekend were

Prior was +12.0% Private house approvals -2.1% vs +4.0% prior Approvals y/y +5.6% vs +12.4% prior The yearly number offers a bit more of a true view as the monthly numbers (as shown) are really bouncing around. This article was written by Adam Button at investinglive.com.

Major US stock indices snap their 5-day win streak RBNZ Gov Breman: Key focus is to stay laser focused on core mandate Crude oil futures settle at $59.32 ECB’s Kocher: ECB should keep enough powder dry to be able to react quickly if necessary White House: Trump to hold meeting with National Security Team on

Annual shop price inflation up 0.6% y/y Food -3.0% with fresh food prices falling the most since 2020 Non-food items -0.6% This report tracks price changes for around 500 of the most commonly bought products. It shows there is plenty of room or the Bank of England to cut rates. This article was written by

Costco is reportedly joining a group of companies that will sue for refunds if Trump tariffs are struck down by the Supreme Court. President Donald Trump has warned that it would be “devastating” if the Supreme Court were to strike down his administration’s tariff regime, and it will be. He went further to claim that

ECB’s Kocher: ECB should keep enough powder dry to be able to react quickly if necessary Slight deviations above or below the 2% target should not trigger any need for action on rates now. I believe inflation rates within the euro zone will converge in the coming year, which is a good thing. This article

It’s bee a lively start to the month for gold. It rose as high as $4262 in US trading on Monday and that was the best level since the Oct 21 rout. It also looked like it could be a break above the mid-November interim high and on the way to a retest of the

It is important for RBNZ to have a strong global network Ideally would want less substantial swings in house prices over time Will discuss being more transparent around how members vote Nothing groundbreaking here but NZD is a tad lower to start the day. This article was written by Adam Button at investinglive.com.

In the Trump news from the White House press briefing: Admiral gave OK for second strike and was well within legal right to do so Admiral directed engagement to ensure boat was destroyed Shows excellent health (MRI) Results of Trump’s MRI — imaging performed for preventive reasons On MRI: Cardiac imaging was normal On MRI:

Bitcoin is currently trading down -$5333 or -5.91% at $85,024. The low price reached $83,814. Recall that on November 21, the cycle low off of its all-time high from October 6 of $126,272 reached $80,537. Strategy (formally MicroStrategy) is a catalyst for the decline.. The company sharply cut its financial outlook and sold shares to

Prior month 48.7 ISM Manufacturing PMI index 48.2 vs. 49.0 expected Prices Paid 58.5 vs 57.0 estimate. Prior month 58.0 Employment index 44.0 vs 46.0 last month. New orders 47.4 vs 49.4 last month Production 51.4 vs 48.2 last month Supplier deliveries 49.3 vs 54.2 last month. Inventories 48.9 vs 45.8 last month. Customer inventories

Prior was 49.9 Key findings: Renewed growth in total new orders, supported by improved export sales Slight increase in output, but employment and purchasing fall Strongest cost inflation in three years Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “November brought a welcome rebound for Italy’s manufacturing sector.

The major stock indices in Europe are closing mostly lower with the German DAX the weakest with a decline of -1.04%. Looking at the major indices: German DAX (DEU40): 23,589.45 (-247.35 / -1.04%) France’s CAC 40: 8,097.01 (-25.71 / -0.32%) UK’s FTSE 100 (UKX): 9,702.54 (-17.98 / -0.18%) Spain’s IBEX 35 (IBEX35): 16,388.99 (+17.40 /

Prior 52.1 Spain’s industrial sector maintained growth conditions in November, albeit at a slower pace than the month before. Output and new orders both continued to expand at a solid pace, with the outlook keeping more positive overall. So, it’s still a modestly strong showing by the manufacturing side of things. HCOB notes that: “The

The USD is moving higher vs the major currencies. Helping the move is coming from the US yields. The 2 year yield is currently trading at the highs at 3.534% up 4.3 basis points. The 10 year yield is at 4.092%, up 7.3 basis points. Looking at the major pairs: EURUSD: The EURUSD moved higher

Seeing the Japanese yen strengthen is not all too common in the past two months and with the pair now down 0.7% to 155.12, the yen is on course to equal its best showing against the dollar in a little over a week. And looking further back, this would be the biggest daily decline for

Reuters report on Anna Breman, the first woman, and first foreigner, to lead the Reserve Bank of New Zealand, takes office this week with a clear mission: restore credibility and stability after several turbulent years that damaged the central bank’s reputation and weighed on the economy. Breman, previously deputy governor of Sweden’s Riksbank, replaces Adrian

The broader stock indices are chipping away at the gains and back toward their highs nevertheless, the indices are still down. The S&P index is down -18.27 points or -0.27% at 6830.41. NASDAQ index is down -74.9 points or -0.32% at 23290. At session lows, the S&P was down -49.15 points, while the NASDAQ was

Prior 48.8 No change to the initial print as the French manufacturing sector contracted further in November. New orders continued to fall and of note, employment was reduced for the first time since April. Adding to that, price pressures also intensified so that’s something to be wary about. HCOB notes that: “French Manufacturing conditions remained

Risk aversion is starting to strike again to start the new week/month as equities are being hit hard alongside Bitcoin once again. S&P 500 futures are now down 0.8% with Nasdaq futures down 1.0% so that will sap quite a bit of the energy from last week’s rebound. By some miracle, the S&P 500 even

Fundamental Overview The USD has been weakening across the board ever since Fed’s Williams endorsed a December rate cut. The greenback then extended the losses further last week following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The probability for a December cut is

Prior month 51.9 Details from S&P Global: Operating conditions improved for the fourth straight month in November, supported by a solid rise in production and further job gains. Overall performance was held back by a sharp slowdown in demand growth, driven by weaker sales. Weak demand caused an unprecedented second straight monthly surge in finished-goods

Sector Overview Today’s US stock market heatmap reveals significant sector disparities, with the Technology sector seeing substantial weaknesses, while Healthcare demonstrates resilience. Key tech players like Microsoft (MSFT) and Palantir (PLTR) are down by 1.03% and 2.53% respectively, indicating bearish sentiment within software infrastructure. 📉 Technology Sector Declines Microsoft (MSFT) has faced a decline of

The Atlanta Fed GDPNow growth estimate for Q3 came in unchanged at 3.9% after the ISM data today. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.9 percent on December 1, unchanged from November 26 after rounding. After this morning’s

CNN is reporting that President Trump will host an Oval Office meeting on Monday evening focused on Venezuela, with senior defense and national security officials expected to attend. The meeting follows Trump’s declaration that Venezuelan airspace is closed and reports that he spoke with President Maduro after a recent maritime incident but the details of

China’s smaller, more export-oriented manufacturers slipped back into contraction in November, according to a private PMI survey, signalling a renewed loss of momentum after three months of modest expansion. The RatingDog Manufacturing PMI fell to 49.9, down from 50.6 in October and marking the first deterioration since July. Production stalled as new orders softened to

The AUDUSD is trading down and up and back down in trading today. Within the confined trading range, the pair is finding support and resistance at swing areas that will give traders the clues for price action going forward. The lower swing area comes in between 0.65368 to 0.6540. The upper swing area comes between

The USD is lower vs all the major currencies to start the trading day and the trading week in the North American session. The biggest mover is the USDJPY which has declined by 0.74%. The USD is weaker vs the EUR by 0.34% and the CHF by -0.22% The USD’s move vs the GBP (-0.06),

Bitcoin has been slanmmed again, from above 91K to under 88K. Fingers are being pointed at the chatter about Tether, S&P downgraded USDt’s ability to maintain its peg, citing Tether’s Bitcoin and gold reserves as a concern. Tether managed have lashed out, slamming the rating agency. In addition, U.S. crypto exchange BitMEX’s co-founder Arthur Hayes

USTR is confirming earlier reports that there is an agreement in principle on pharmaceutical pricing between the US and UK. The deal secured continued UK invested by UK pharmaceutical companies in the US Deal will strengthen supply chains a great job in the US. Administration is reviewing drug pricing practices of many other US trade

Japan’s PM Takaichi promises to continue fiscal management, and adds while paying close attention to interest rate trends and other factors. I think there may be a bit of random word generating going on here. This is just sound bite stuff. This article was written by Eamonn Sheridan at investinglive.com.

TMGM, a global forex and CFD trading broker, today announced the launch of its 11th Global Trading Competition, featuring a prize pool of USD 671,500, the highest in the company’s competition history. The 2025–2026 edition introduces two new trading categories: the Crypto Group and the Indices Group, expanding the competition beyond traditional forex and providing

Nagel: ECB rates near neutral as inflation outlook stabilises ahead of December forecasts Anna Breman takes charge at RBNZ, pledging focus and credibility Recap – China export-oriented factory PMI falls back into contraction as new orders weaken Barclays: December Fed rate cut “more than likely” despite expected dissents Indonesia central bank governor: Will bring rupiah

Prior month 49.6 S&P Global manufacturing PMI 48.4 The index has been below the critical 50.0 no change more for 1/10 consecutive month Similar trends were observed for both production and new orders. Firms continued to note a general air of uncertainty in product markets, which resulted in subdued demand and modest contractions in both

OPEC+ agreed on Sunday to maintain its group-wide oil production quotas for 2026 and approved a long-delayed mechanism to assess each member’s maximum production capacity — a step that will shape how output quotas are allocated from 2027 onwards. A subset of eight OPEC+ producers also reached an agreement in principle to extend their pause

Prior was 49.6 Key findings: Supplier delivery times lengthen for third straight month Comment: Commenting on the PMI data, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “Germany’s manufacturing sector appears to be unable to cross the threshold to expansion. Since July 2022, the headline PMI has been stuck below the 50

Looking at some of the major retailersBlack Friday 2025 in the U.S. was characterized by a distinct split: while overall spending grew, the real story was the massive surge in online activity compared to a much quieter performance in physical stores. Here is the breakdown of sales performance citing Mastercard SpendingPulse and other key data

German DAX futures -0.5% UK FTSE futures -0.2% This comes as US futures are marked lower with S&P 500 futures down by 0.7%. As month-end flows and the Thanksgiving holidays are now out of the way, we’re starting to see caution return as market players brace for the final few weeks in wrapping up the

Australia’s manufacturing sector returned to growth in November. 51.6 in November, strongest since August from 49.7 in October the November preliminary was 51.6 Remarks from the report: Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence “The Australia Manufacturing PMI showed that the goods producing sector returned to growth in the penultimate month of

As financial markets evolve, long-term trading success is increasingly shaped not just by strategy or technical skill, but by psychology, mental resilience, and overall well-being.This shift is especially visible in the fast-growing world of proprietary (prop) trading, where performance demands are high and trader mindset has become a core competitive advantage. The Psychological Demands of

Can’t keep a good gold down. That seems to be the mantra for 2025 and that’s still persisting as we get into the final month of the year. After a rush higher to start October upon clearing $4,000, gold hit an air pocket before consolidating in a flag/wedge pattern well into November trading. But in

The USDCAD moved sharply lower on Friday after Canada’s GDP report came in weaker than expected. The fall stalled near a key technical level—the 50% midpoint of the rise from the mid-September swing low to the early-November high. That midpoint comes in at 1.39367, and Friday’s low held just above it at 1.39374, keeping buyers

Prior 50.0 The headline reading is a five-month low with the output index declining to a nine-month low. That sees the euro area post a contraction in the manufacturing sector again as new orders in particular reflect a drop. Business confidence did pick up however but employment conditions did suffer as job losses picked up

Headlines: USD/JPY continues to dribble lower to start the new week USDJPY Technical Analysis: The JPY gains as speculations for a December hike increase Gold looks to kick start December in style by capitalising on technical breakout Heads up: It’s the first week of the new month but non-farm payrolls will be absent BOJ governor

South Korea announced new steps to stabilise its foreign exchange market, saying it will strengthen oversight of exporters’ FX transactions and monitor overseas investment flows on a regular basis. The government said the measures aim to address persistent imbalances in FX demand and supply that have contributed to recent volatility in the won. Authorities plan

U.S. Secretary of State Marco Rubio said talks with Ukraine made “additional progress,” stressing that negotiations are focused not only on ending the war but ensuring Ukraine’s long-term security and prosperity. Rubio said the U.S. aims to help Ukraine emerge “safer, stronger and more prosperous than it has ever been,” building on discussions that began

Exoects BOJ to conduct appropriate monetary policy to sustainably, stably hit inflation target Government expects BOJ to continue with appropriate monetary policy operations Inflation focus should be driven by wage hikes rather than cost-push inflation A bit of a push back from the government here after Kuroda’s remarks from earlier today. USD/JPY is keeping at

Fed Chair Powell will speak at a George Shultz Memorial Event today at 01:00 GMT/20:00 ET. He will deliver some brief remarks and participate in a Q&A session. You can sleep well because he’s not going to touch on monetary policy given that the Fed is in the blackout period. As a reminder, the Fed

Eurostoxx -0.4% Germany DAX -0.5% France CAC 40 -0.5% UK FTSE -0.3% Spain IBEX -0.2% Italy FTSE MIB -0.5% The drop here matches up with the mood in US futures, with S&P 500 futures lower by 0.6% currently. Tech shares are leading losses in US futures, with Nasdaq futures down 0.8% at the moment. With

Bundesbank President Joachim Nagel said euro-area interest rates are now sitting close to “neutral,” with the European Central Bank’s policy stance broadly appropriate as inflation projections stabilise. Speaking on the ECB’s policy outlook (see part 5 specifically), Nagel stressed that decisions are made collectively by the 20-member Governing Council, soon to become 21 when Bulgaria

Well, this looks to be the consensus call now especially with there being no real pushbacks by policymakers before the blackout period. As things stand, markets are pricing in ~92% odds of a rate cut for next week. And with there being no US non-farm payrolls or CPI data to upset the balance of order,

Prior 65.944k; revised to 65.647k Net consumer credit £1.12 billion vs £1.35 billion expected Prior £1.49 billion; revised to £1.40 billion Net borrowing of mortgage debt by individuals fell back to £4.3 billion in October, after a rise to £5.2 billion in September. Meanwhile, net borrowing of consumer credit by individuals decreased for a second

Fundamental Overview The USD has been weakening across the board ever since Fed’s Williams endorsed a December rate cut. The greenback then extended the losses further last week following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The probability for a December cut is

Bank of Japan Governor Kazuo Ueda delivered an extended set of remarks on Monday, offering his clearest indication yet that the central bank is preparing to continue raising interest rates, while stressing that monetary policy will remain accommodative and aimed at supporting Japan’s moderate recovery. Ueda said overseas economies are showing “some weakness” but are

In the European session, we don’t have much on the agenda other than the Swiss Retail Sales and the final PMI readings for the UK and the major Eurozone economies. None of these releases is going to change anything for the respective central banks, so the reaction will likely be muted. In the American session,

Barclays says a 25bp rate cut at the Federal Reserve’s December 9–10 meeting now looks more than likely, with markets pricing the probability at over 80%. The bank expects Chair Jerome Powell to support the move along with a solid bloc of policymakers including Waller, Bowman, Williams, Jefferson, Cook and Barr. But officials are far

Then that would force us to make a rapid adjustment We want to make policy decision in December by looking at wage information as well as other data A mix of the government’s proactive fiscal policy and BOJ adjustment of monetary support will help achieve sustainable economic growth path for Japan The uncertainties from before

Data released by China’s National Bureau of Statistics (NBS) over the weekend confirmed China’s economy lost momentum in November as both factory and service-sector gauges slipped further into contraction, highlighting an uneven recovery and persistent strains in property-linked activity. The official manufacturing PMI edged up to 49.2 from 49.0, its eighth straight month below 50,

Trump confirms he had a phone call with Venezuelan President Maduro Says considers Venezuela not to be a friendly country Don’t read anything into me closing Venezuela airspace Doesn’t mean airstrike imminent — Oil futures trade will open for the week at 2300 GMT / 1800 US Eastern time — Some background info here from

China’s factory activity slipped back into contraction in November as momentum in production and domestic demand weakened, according to a private-sector survey released on Monday. The RatingDog China General Manufacturing PMI, compiled by S&P Global, eased to 49.9 from 50.6 in October, missing forecasts and falling just below the 50 threshold that separates expansion from

That’s nothing new but serves as another reminder again that they aren’t going to be doing anything as we approach the turn of the year. Just in case you needed another cue to be remembered of that. This article was written by Justin Low at investinglive.com.

Two focal points today, Bank of Japan Governor Ueda speaking and another PMI from China. The December (18-19) Bank of Japan meeting is very much ‘live’, a rate hike potential is there: investingLive Asia-Pacific FX news wrap: Upbeat data from Japan, sticky inflation too Tokyo inflation stays hot as yen weakens, pushing BOJ closer to

Prior 46.2 Key findings: Domestic demand strengthens, downturn in new export work eases Factory gate selling prices reduced for first time in over two years Comment: Rob Dobson, Director at S&P Global Market Intelligence “November saw further signs of recovery in the UK manufacturing sector. The headline PMI is back in growth territory for the

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Optimism in the UK services sector fell at its fastest pace in three years in the three months to November, as persistent cost pressures squeezed profitability, according to the Confederation of British Industry. The CBI’s services optimism index slid to –50, down from –29 in August, while service volumes also weakened. The industry is unlikely

Australian Q3 business inventories -0.9% q/q, a bad miss expected 0%, prior +0.1% Company profits -1.3%q/q, ditto on the abd miss expected +1.7%, prior -2.6% Wages +1.5%q/q and sales +0.5%q/q) were better. — Separately, ANZ-Indeed Australian job ads index -0.8% m/m for its fifth consecutive monthly decline in November -6.3% y/y This article was written

There is arguably just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1600 level. The large expiries there could act as a bit more of a price magnet in locking price action before rolling off later in the day. In other words, it could

In case your trading body clock hasn’t adjusted yet, let this serve as a bit of a reminder. It may be the first week of a new month but it’s one of those rare occasions where we won’t see the US non-farm payrolls data get released. And we have the longest government shutdown in US

Bank of Japan Governor Kazuo Ueda said on Monday that while private consumption remains resilient, households are feeling the strain of higher prices, underscoring the need for the bank to monitor demand closely as it calibrates policy. Ueda noted that U.S. tariffs are squeezing manufacturers’ profits but said he does not expect the impact to

Indonesia’s central bank governor: Will bring rupiah to trade at 16,500 a dollar or even 16,400 next year, commit to stabilise the currency further Sees room to cut rate further, but just wait on timing and magnitude Bank Indonesia Governor Perry Warjiyo This article was written by Eamonn Sheridan at investinglive.com.

Australia’s Melbourne Institute inflation gauge rose 0.3% in November, matching the previous month, the annual measure edged up to 3.2% from 3.1% The core measure (trimmed mean) +0.3% m/m and +2.8% y/y (prior +2.6%) The data indicate domestic price pressures remain sticky, with underlying momentum still running above the Reserve Bank of Australia’s 2–3% target

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Japan’s latest Ministry of Finance corporate survey showed a sharp slowdown in capital expenditure growth in the third quarter, even as company profits surged. Business spending rose 2.9% y/y, well below expectations of around 6% and down from 7.6% in Q2. Capex excluding software also increased 2.9%, missing forecasts and marking a clear deceleration. Corporate

ES and NQ, and other indexes, are little changed upon reopening for the new week. Oil is firmer. OPEC held over the weekend. This article was written by Eamonn Sheridan at investinglive.com.

New Zealand Building Consents -0.9% m/m prior +7.3% NZD/USD is little changed around 0.5725. Be careful of reading too much into the early pushing and shoving for FX at this time of the week: Monday morning open levels – indicative forex prices – 01 December 2025 This article was written by Eamonn Sheridan at investinglive.com.

Japan’s manufacturing sector remained in contraction in November, though the pace of decline slowed, according to the final S&P Global PMI released Monday. The headline index rose to 48.7, up from 48.2 in October broadly matching the flash estimate of 48.8. While still below the 50 mark separating growth from contraction, the reading marks the

As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. Indicative rates only, barely any change from late Friday EUR/USD 1.1598 USD/JPY 156.13 GBP/USD 1.3237 USD/CHF 0.8037 USD/CAD 1.3979 AUD/USD 0.6546 NZD/USD

Sun: Opec-8 Meeting Mon: South Korean Prelim Trade Balance (Nov), Chinese RatingDog Manufacturing PMI Final (Nov), EZ/UK/US Manufacturing PMI Final (Nov), US ISM Manufacturing PMI (Nov), South Korean CPI (Nov) Tue: EZ Flash CPI (Nov), South Korean GDP Revised (Q3) Wed: Australian Real GDP (Q3), Chinese RatingDog Services/Composite PMI Final (Nov), EZ/UK/US Services/Composite PMI Final

Major US stock indices close higher and extend the winning streak to 5 days What are the key technical levels in play for the major currency pairs as the week closes? European indices close mostly higher on the day. Solid gains for the week. Ukraine’s Zelenskyy: Talks with the US are to happen in the

The major US stock indices closed higher for the 5th consecutive day. Despite the gains the NASDAQ is closing lower on the month for the 1st time since March (-1.51%). The S&P eked out a small gain of 0.13% for the month. The Dow industrial average rose 0.32% for the month. For the trading day:

In the video above, I take a look at the major currencies versus the US dollar from a technical perspective as the week comes to a close and traders look toward the new trading week. What is the bias, the risks and the targets for each?. Prepare for the new week, by understanding the key

DB Group Holding Limited, a UAE-headquartered financial services firm, announces a series of major developments across its fintech portfolio, including DB Investing, DB Pay, and the newly launched DBI Prime. Together, these advancements reflect the Group’s strategy to unify trading, payments, and institutional solutions under one agile, user-focused ecosystem. DB Investing: Smart Tools, Global Growth

Fundamental Overview Gold continues to slowly push upwards amid the higher December Fed rate cut odds. The recent US labour market data came in on the softer side, which should keep the upward momentum intact into the FOMC meeting. Looking ahead, everything will depend on the Fed’s forward guidance and the following NFP/CPI reports. A

The USD ins mixed to start the NA session with the USD higher vs the EUR and GBP and lower vs the JPY. IN the video above, I will take a look at the 3 majors – the EURUSD, USDJPY and GBPUSD – from a technical perspective and outline the key levels traders should be

European indices are closing with modest gains for the day but solid gains for the week. Today’s gains were led by Italy’s FTSE MIB with a gain of 0.32%. A snapshot of the closing levels shows: German DAX, +0.25% France’s CAC +0.29% UK’s FTSE 100 +0.27% Spain’s Ibex +0.06% Italy’s FTSE MIB +0.32% For the

Rate cuts by year-end Fed: 20 bps (79% probability of rate cut at the upcoming meeting) 2026: 93 bps ECB: 1 bps (97% probability of no change at the upcoming meeting) 2026: 8 bps BoE: 23 bps (94% probability of rate cut at the upcoming meeting) 2026: 64 bps BoC: 3 bps (84% probability of

Ukraine’s Zelenskyy says that the talks with the US are to happen in the near future. Earlier today, the UK’s telegraph reported: US president Trump has dispatched his peace envoy Steve Witkoff and son-in-law Jared Kushner with to make the direct offer to Russian Pres. Putin in Moscow The report said that Trump is to

Awful news from the US today: One of the two National Guard members shot in Washington on Wednesday has died The other is still fighting for his life. Trump with the news. — National Guard member Sarah Beckstrom has died of her injuries. Terrible, terrible news. Condolences to family and friends. This article was written

ECB’s the guard is on the wires saying: Interest rates are at the right level Optimistic about the situation in France. This article was written by Greg Michalowski at investinglive.com.

The USDCHF is experiencing choppy two-way price action today as buyers and sellers fight for control. On the topside, the rally stalled inside a key swing zone between 0.8066 and 0.8076. The high reached 0.8071 before rotating lower, reinforcing the importance of that resistance area. A break above it is required to shift momentum and

Prior -0.1% GDP Y/Y +0.6% vs +0.4% expected Prior +0.4% The final figures show an improvement but this is not going to change anything for the ECB as it’s more focused on inflation and has already stated many times that the current rate setting is appropriate. The agency said: “Domestic demand net of inventories and

The AUDUSD is breaking to a new high on the day with the price moving away from the 100 day MA at 0.65316 an above the ceiling for the week from yesterday’s high and the earlier high for the day near 0.6540. That has given the buyers the go-ahead to push higher iwth 0.6551 and

The major US indices are trading higher in the shortened trading day today. The major indices will close at 1 PM ET. The gains of modest with the S&P up 0.24%, the Dow industrial average up 0.29%, and the NASDAQ index up 0.32%. Each of the major indices have been higher for 4 consecutive days.

There aren’t any major expiries on the board for today, with the full list seen below. The dollar continues to keep steadier as we approach the final stretch of the week, with the Thanksgiving holiday sapping a lot of appetite from markets. There aren’t any major expiries to influence price action, so traders will be

Headlines: Dollar holds slightly firmer in final stretch of the week/month Gold Technical Analysis: Precious metals remain supported amid dovish Fed expectations How have interest rate expectations changed after this week’s events? ECB survey shows inflation expectations for the year ahead seen nudging up a little Bavaria November CPI +2.2% vs +2.2% y/y prior France

Market Overview and Sector Dynamics The U.S. stock market painted a mixed picture today, with notable gains in select technology and consumer cyclical stocks, alongside pockets of decline within key sectors. Overall sentiment remains cautious but optimistic, with investors digesting the latest economic indicators and earnings reports. 📈 Technology Sector: Mixed Results Google (GOOGL) Surges:

Prior +0.2% Import price index -1.4% y/y Prior -1.0% Excluding energy prices, German import prices were seen up 0.3% on the month and unchanged compared to October last year. As such, it reaffirms that the greatest impact on the overall development of import prices was again the decline in energy prices. Compared to October last

Trump: Will permanently pause migration from all third world countries Ongoing issues have halted trade at the CME for an extended time – futures not trading Westpac sees Australia’s Q3 GDP accelerating, led by strongest domestic demand since 2012 S&P cut Vanke to CCC-, flags deepening distress. New stage in Vanke’s rapid deterioration. Westpac: APRA’s

Prior +0.9% HICP +0.8% vs +1.0% y/y expected Prior +0.8% The figures are softer than estimated, so that at least helps to ease some of the concerns by the ECB that price pressures across the region remain stubborn. Again, it is mostly just Germany at this point. Looking at the details, food price inflation is

Professional trading isn’t just a quick morning routine. It involves hours of analysing charts, managing positions, and staying mentally sharp in a fast-moving environment. And while beginners often focus exclusively on a strategy, seasoned traders know that your workspace directly influences how well you think, react, and stay disciplined. Recent studies underline this more clearly

Prior +0.3% GDP Y/Y +0.9% vs +0.9 expected Prior +0.9% No changes to the preliminary figures. The agency said: “In Q3 2025, real GDP accelerated (+0.5% quarter on quarter after +0.3%). Household consumption continued to increase slightly (+0.1% after +0.1%): the decline in spending on food products (-1.0% after +1.5%) was more than offset by

Prior -1.6% (revised to -1.8%) GDP Q3 Q/Q +0.6% vs -0.4% prior (revised to -0.5%) GDP for September M/M +0.2% vs +0.2% expected Prior -0.3% (-0.1%) GPD for October preliminary -0.3% This is a huge surprise for Canadian GDP. The BoC projected +0.5%, so this blows it out of the water (although it was mainly

Prior +0.1% (revised to +0.2%) GDP Y/Y +0.5% vs +0.6% expected Prior +1.2% (revised to +1.3%) The agency said: “In the third quarter of 2025, Switzerland’s GDP adjusted for sporting events fell 0.5%, following 0.2% growth in the previous quarter. The negative result is largely down to the chemical and pharmaceutical industry, where strong exports

Prior +2.3% HICP +2.6% vs +2.4% y/y expected Prior +2.3% Core CPI Y/Y 2.7% vs 2.8% prior The headline figure is unchanged from the prior month which is what was expected after the unchanged state readings released earlier in the session. The ECB targets the HICP, which jumped to 2.6% from 2.3% in the prior

Prior +3.1% HICP +3.1% vs +2.9% y/y expected Prior +3.2% Headline annual inflation might have moderated slightly to 3.0% but core annual inflation is seen increasing marginally to 2.6% (previously 2.5%). So alongside Germany, this is one spot that is still a bit of a sticking point for the ECB in trying to work towards

Trump: Will permanently pause migration from all third world countries to allow U.S. system to fully recover. I will end all federal benefits and subsidies to noncitizens of our country This is in response to the shooting in Washington of two National Guard members. US news: One of the two National Guard members shot in

Canada GDP came in much stronger 2.6% versus 0.5% expected. According to StatCan “the rise in the third quarter was driven by a strengthening trade balance, as imports dropped and exports edged up. Increased capital investment was driven by government capital spending, as business investment was flat. Overall growth was dampened by declines in household

Prior +0.2%; revised to +0.3% That’s another highly disappointing reading for German retail sales. Food sales were notably up on the month at least (+1.2%) but it’s not enough to offset the drop in non-food store sales (-0.7%) and online/mail-order sales (-0.6%). Just take note though that Destatis mentions that: “For the reporting month of

Germany remains the major sticking point for the ECB in trying to ease monetary policy further going into the turn of the year. Core annual inflation was seen at 2.8% in October, being one of the higher ones and arguably the most relevant one considering that Germany is Europe’s largest economy. For November, headline annual

Australia’s economy is poised to show a solid pick-up in momentum through the September quarter, according to Westpac, which expects next week’s National Accounts (due on December 3) to confirm a stronger and more synchronised recovery across key parts of the economy. The bank is forecasting Q3 GDP growth of 0.8% quarter-on-quarter, lifting annual growth

Goldman Sachs economists warn that worsening political frictions between Japan and China could deliver a measurable drag on Japan’s economy by hitting tourism flows and demand for consumer goods. The bank estimates that a meaningful decline in visitors from mainland China and Hong Kong—Japan’s most valuable inbound tourism segment—could shave around 0.2 percentage point off

Prior -1k Unemployment rate 6.3% vs 6.3% expected Prior 6.3% German unemployment rose by less than expected in November with the jobless rate continuing to hold steady at 6.3%. That said, the labour office noted that the number of people in employment was stagnating and demand for labour remains subdued for the most part. This

Considering the timing and circumstance, I wouldn’t read too much into the moves we’re seeing today. Not only is it month-end but also liquidity conditions are more sapped amid the Thanksgiving holiday break. Sure, US markets are open for a half-day today but it doesn’t take away from the fact that most flows will have

The other state releases around the same time: North Rhine Westphalia CPI +2.3% vs +2.3% y/y prior Saxony CPI +2.2% vs +2.2% y/y prior Baden Wuerttemberg CPI +2.3% vs +2.3% y/y prior The readings here are all unchanged from the previous month, which points to the national reading later likely to come in similar to

A word of warning from Beijing: “We hope Malaysia will fully consider and properly handle this matter in light of its long-term national interests.” For some context, this relates to the headline from yesterday here and this is all related to the rare earth minerals deal signed between Malaysia and the US amid Trump’s visit

Prior 101.3; revised to 101.5 This marks just a marginal improvement in Swiss economic conditions, with at least some brighter prospects now surrounding the export outlook. That being said, there is still nothing to shift the agenda for the SNB as they sit on the cusp of negative interest rates. This article was written by

German DAX futures +0.1% UK FTSE futures flat This follows the more tepid showing yesterday, with investors keeping rather disinterested as Wall Street remains out of commission amid the Thanksgiving break. US markets will open for a half-day later but don’t expect too much given that most market players would still be out until next

Prior +1.2% HICP +1.1% vs +1.3% y/y expected Prior +1.3% Slight delay in the release by the source. Core annual inflation is down from 1.9% in October to 1.8% in November. So, that’s the key metric to be mindful of. So, the main issue for the ECB is still that of Germany mostly (and Spain

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

Inflation perceptions over the previous 12 months seen at 3.1% (unchanged) Inflation expectations 12 months ahead seen at 2.8% (previously 2.7%) The qualitative measure continues to show an increase in the percentage of number of respondents expecting inflation to be higher in the next 12 months, now seen at 85.6% (previously 85.2%). As for the

China Vanke’s onshore bonds tumbled to fresh record lows on Friday, deepening concerns over the health of one of the country’s last remaining investment-grade property developers. The selloff came after Vanke sought to delay repayment on an onshore bond for the first time, a major red flag for a company long considered one of the

Tokyo area November inflation data, the core measures higher than headline. Tokyo Consumer Price Index (YoY) (Nov) 2.7% expected 2.7%, prior 2.8% Tokyo CPI ex Food, Energy (YoY) (Nov) 2.8% … higher than expected and the same as in October expected 2.7%, prior 2.8% Tokyo CPI ex Fresh Food (YoY) (Nov) 2.8%, ditto, higher than

Eurostoxx -0.1% Germany DAX -0.1% France CAC 40 flat UK FTSE +0.1% Spain IBEX flat Italy FTSE MIB -0.1% There’s not much in it really as market players seem content to ride out the remainder of the week and November in waiting on Wall Street to fully return on Monday next week. As a reminder,

Usually, gross generalisations are unreliable, but there is one all-encompassing statement that holds true. Investors want to make the highest return with the lowest amount of market exposure. When markets are moving in a beneficial direction and in a predictable way, the probability of that outcome increases exponentially. But what happens when markets are cooling?

Westpac says Australia’s banking regulator’s new cap on high debt-to-income mortgage lending is a pre-emptive attempt to cool emerging risks in the housing market, but adds that the measure is unlikely to bind across the system — even if it squeezes certain borrowers at the margin. APRA (Australian Prudential Regulation Authority, the national regulator responsible

In the European session, the highlights will be the inflation data from the major Eurozone economies. We have in order France, Spain, Italy and Germany. The data shouldn’t change anything for the ECB at the moment, but big deviations could still be market-moving. In the American session, we just have the Canadian GDP. The BoC

S&P Global Ratings has cautioned that the UK’s public finances remain under considerable strain, despite the revenue-raising steps outlined in the Autumn 2025 Budget. The agency said structural spending pressures and muted growth mean fiscal stress is likely to persist through the medium term. S&P described the UK’s fiscal position as “vulnerable,” calling it one

There have been no trades on S&P 500 futures, Nasdaq 100 futures since 0344 GMT according to LSEG data. Trading halts began before that though. CME’s website reports that CME Globex futures & options markets halted due to a technical issue. Apparebntly it’s a cooling issue at Cyrusone data centres. This article was written by

I’ve mentioned for a while now that gold has been trading within a flag/wedge pattern recently and the next trending move is likely to come from a break of that. And today, we’re starting to see buyers take some action in a push up to test waters above the technical pennant as seen below: So,

Japan’s latest round of economic data is reinforcing expectations that the Bank of Japan may resume its rate-hike cycle in the coming months, as inflation in Tokyo holds well above target and factory output shows a brief uptick before an expected slowdown. Tokyo core CPI, a leading gauge of nationwide price trends, rose 2.8% in

S&P Global has downgraded China Vanke to CCC- from CCC, warning that the developer’s plan to seek maturity extensions on its onshore debt indicates heightened liquidity stress. The rating has been placed on CreditWatch Negative, signalling further cuts are possible. The move follows the collapse in Vanke’s yuan bonds — including the 2027 note that

This data release is from the Reserve Bank of Australia: Housing credit strong, as usual, but business credit rising more strongly. Inflation data from Australia will keep the RBA on hold for a good while. The prospect of a rate rise being the next change cannot be ruled out. NAB’s Auld: RBA may need to

Belgium’s prime minister has warned that the European Union’s push to tap frozen Russian state assets for Ukraine risks undermining future peace efforts, according to the Financial Times. In brief: PM Bart De Wever raised the concern in a letter to Commission chief von der Leyen. EU leaders failed last month to get Belgium’s backing

Data from South Korea show a mixed picture: industrial output slumped sharply in October even as retail sales rose and service-sector output held up. According to the national statistics office, industrial production in October fell 8.1% year-on-year and 4.0% month-on-month (seasonally adjusted). By contrast, retail sales rose 3.5% month-on-month, while service-sector output slipped modestly by

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Japan October retail sales +1.7% y/y (expected +0.8%) more to come This article was written by Eamonn Sheridan at investinglive.com.

A shift in market leadership may be forming as Federal Reserve rate cuts begin to restore liquidity, according to two ETF industry executives who see early signs of rotation away from AI-heavy megacaps. CNBC conveyed the opinions. Astoria Portfolio Advisors founder John Davi said a series of Fed cuts typically marks “the beginning of a

Japan October industrial production (preliminary) for October 2025. +1.7% y/y expected +0.8%, prior +0.2% +1.4% m/m expected -0.6%, prior +2.6% Japan’s industrial sector delivered a firmer-than-expected performance in October, with factory output rising 1.4% from the previous month, according to government data released on Friday. Despite the upside surprise, manufacturers remain cautious about the near-term

Jobs data from Japan for October 2025, the labour market there remains tight. Unemployment Rate 2.6% expected 2.5%, prior 2.6% Jobs / Applicants Ratio 1.18 expected 1.2, prior 1.2 Most focus is on the CPI data, from the Tokyo area for November. This article was written by Eamonn Sheridan at investinglive.com.

For those not celebrating Thanksgiving, and for those who are but just can’t stayaway from markets (can relate!), it’s a heavy data day from Japan. The focus is on the CPI from Tokyo (more on this below). The Bank of Japan next meet on December 18 and 19. Developments in inflation data will be keenly

ANZ-Roy Morgan consumer confidence in NZ for November 2025. Up 6.5% m/m to 98.4, its highest level since June: in October the index fell 2.3% to 92.4 ANZ express a concern: The proportion of households thinking it’s a good time to buy a major household item (the best retail indicator) rose 5 points but is

I expect slack to increase It’s encouraging that services inflation is coming down Evidence on wage growth is also encouraging BoE projection is benign Inflation has stabilised My concern is around second-round effects Business inflation expectations are elevated and rising Preliminary results from BoE agents’ survey point to pay settlements of around 3.5%, maybe due

Fundamental Overview The USD weakened across the board recently following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The greenback was already under some pressure caused by Fed’s Williams endorsement for a December cut last Friday. The probability for a December cut is now

HSBC expects OpenAI to remain unprofitable until at least 2030, warning that the company will need an additional US$207 billion to fund its rapidly expanding compute footprint. While the bank analysts project OpenAI’s revenue could exceed US$213 billion by the end of the decade, it argues that infrastructure demands will vastly outpace cash generation. HSBC

Fundamental Overview The USD weakened across the board recently following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The greenback was already under some pressure caused by Fed’s Williams endorsement for a December cut last Friday. The probability for a December cut is now

Headlines: Reminder: Thanksgiving holiday to sap the appetite from markets today Gold continues to keep within technical pennant for now USD/JPY Technical Analysis: Weakness in both currencies leads to choppy price action ECB meeting accounts note that present uncertainty justifies keeping rates unchanged ECB’s Kazaks: Time is not ripe to discuss a rate cut BOJ’s

Economic confidence 97.0 vs 97.0 expected Prior 96.8 Industrial confidence -9.3 vs -8.0 expected Prior -8.2 Services confidence 5.7 vs 4.4 expected Prior 4.0 Slight delay in the release by the source. Economic sentiment nudged up slightly on the month amid a mixed backdrop, with services sentiment seen improving while industrial sentiment slumped a fair

The RBNZ’s 25-basis-point cut yesterday — paired with guidance that rates will likely remain steady for an extended period — gave buyers the green light. The NZDUSD responded with a strong 1.4% gain, the biggest mover on the day. Today, the pair tacked on another 0.30% at the highs, making it the top performer for

Bank of Japan board member Asahi Noguchi said the central bank would begin to gradually dial back monetary accommodation if economic activity and prices continue to evolve in line with the BoJ’s current outlook. Speaking on Wednesday, he stressed that achieving “sustainable and stable” inflation requires a steady expansion in demand and a sustained rise

The major US stock indices are closing higher led by the NASDAQ index with a gain of 0.82%. Looking at the closing levels: Dow industrial average is up 314.67 points or 0.67% at 47427.12 S&P index is up 46.73 points or 0.69% at 6812.61 NASDAQ index is up 189.10 points or 0.82% at 23214.69. The

There are no final versions to the peace plan We agree that Trumpìs Ukraine plain can be used as a basis for future agreements We need to discuss some things Russia does not plan to attack Europe, this is ridiculous We are ready to discuss European security We are also ready to discuss strategic stability

Fitch Ratings warned that Japan’s new stimulus package could add fiscal risks if it leads to a sustained loosening of policy and pushes government debt higher. While the package is large — roughly 3.4% of GDP — Fitch said its true fiscal impact is unclear because some measures are non-fiscal, spread over multiple years, or

AustralianQ3 Private Capital Expenditure Building capex rose 2.1% q/q (previous +0.2%). Plant and machinery capex jumped 11.5% q/q (previous +0.3%) takes this to a record high for spending on machinery and equipment New capital expenditure increased 6.4% q/q (forecast 0.5%, previous 0.2%) 6.4% is the highest since 2012 Australian Bureau of Statistics says its due

Some backdrop on the matter: Trump’s visit to Malaysia looks to be a twofold one Malaysia clarifies that it still maintains ban on raw rare earths export despite US deal With Malaysia housing the largest rare earth processing facility outside of China, it’s a big deal in terms of who is able to get the

Likely to agree on mechanism to assess members’ maximum production capacity This was already expected, so not really new information. We got a brief and small spike which faded quickly. This article was written by Giuseppe Dellamotta at investinglive.com.

Bank of Korea leaves its base rate on hold at 2.5% as widely expected BoK expects 2025 GDP growth at 1.0%. BoK expects 2025 inflation at 2.1%. BoK expects 2026 GDP growth at 1.8%. BoK expects 2027 GDP growth at 1.9%. BoK expects 2026 inflation at 2.1%. BoK expects 2027 inflation at 2.0%. This article

Prior was -21.16 billion (revised to -21.56 billion) From the agency: “The decrease in the current account deficit in the third quarter was largely due to a narrowing of the trade in goods deficit, as exports increased in the quarter while imports decreased. The investment income and trade in services components also contributed to the

People realise UK public finances are under pressure I do not accept that we are raising taxes to fund welfare Well, she can be more bold today as markets have given her some degree of confidence in terms of the initial reaction to the budget yesterday. The pound is sitting higher while the bond vigilantes

Industrial sales Y/Y +3.4% vs -0.1% prior Full report here This is a very volatile indicator and not a market-moving release. From the agency: In September 2025, estimates for the seasonally adjusted turnover industrial index increased by 2.1% in value (+3.0% in volume) when compared to the previous month (+1.5% in value and +2.7% in

Prior +2.8% This article was written by Justin Low at investinglive.com.

more to come This article was written by Eamonn Sheridan at investinglive.com.

Assessment of inflation outlook was broadly unchanged The view was expressed that the rate-cutting cycle had come to an end That since the current favourable outlook was likely to be maintained unless risks materialised Taking a steady hand approach could increase the chances of remaining in a good place From a strategic standpoint, monetary policy

Canadian Prime Minister Mark Carney will travel to Washington next week for the 2026 World Cup draw, where he expects to meet U.S. President Donald Trump. Carney said the pair spoke briefly on Tuesday, but noted that trade negotiations remain stalled. Talks were halted last month after Ontario aired an advertisement featuring former President Ronald

If yen fall accelerates, companies may pass on higher costs down the chain Food price inflation expected to moderate but timing could be delayed if yen weakens further Underlying inflation is yet to reach 2% Pace of future rate hikes will depend on incoming data BOJ policy adjustment has been, and will remain, very cautious

I would focus on 2026, 2027 inflation projections Downside risks to inflation are better known but we shouldn’t discount upside Delay to ETS2 emissions trading system would flatten inflation but we should also look at core Same old from Kazaks as he keeps his neutral stance. The ECB members have repeated many times that they

The Bank of Japan’s dovish board member Asahi Noguchi declined to reinforce growing market speculation over a December rate hike, instead taking a neutral stance and underscoring the importance of adjusting policy only at the right time. Earlier post, recapping now: BoJ’s Noguchi: Policy easing to fade only if wage gains sustain inflation momentum While

Prior -24.1 German consumer morale picked up a little heading into the holidays with GfK noting that “consumer sentiment is currently at almost exactly the same level as last year”. Adding that while it does “show a certain stability in consumer sentiment”, the flip side is that “it shows that consumers do not expect a

FT: China aims to replace foreign imports with its own tech and dominate exports Fitch warns Japan’s new stimulus could add fiscal risk to its A/Stable rating Recap – BoJ’s Noguchi tempers December hike bets, urges measured, step-by-step tightening Wood Mackenzie: China nearing peak oil demand as growth drops toward zero by 2027 AMD Technical

Prior 88.3 Consumer confidence 95.0 vs 97.6 expected Prior 97.6 Full report here This is not a market-moving release. From the agency: In November 2025, the consumer confidence index decreased from 97.6 to 95.0. New negative hints affected all its components: the future climate sunk from 94.1 to 90.2, the personal one worsened from 97.0

The precious metal may be up a little over 2% on the week thus far but the technical picture remains the same. The move higher yesterday saw gold touch a high of $4,173 before falling back slightly now to $4,157 on the day. On the daily chart, it is still clear that price action is

Two National Guardsmen were shot near the White House in downtown Washington, prompting a swift security response. One suspect is in custody, and police say the scene is now secure. The incident, reported around 2:20 p.m. ET at the Farragut West Metro station entrance, led to a White House lockdown. President Trump, currently in Florida

The closer we get towards achieving price target, will see increased upside risk to inflation Various indicators measuring underlying inflation are very slowly approaching our target Given rising prices, the desirable policy mix is no longer as straightforward and simple as expanding fiscal stimulus and loosening monetary policy Sees no gap in the view from

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Eurostoxx +0.2% Germany DAX +0.5% France CAC 40 +0.1% UK FTSE flat Spain IBEX +0.2% Italy FTSE MIB +0.3% Turkey day closure for Wall Street? No problem. The risk rebound this week continues to gather pace for the most part. We don’t have much to work with this session or for the day even, but

Wood Mackenzie expects China’s oil demand growth to slow sharply over the next few years, approaching zero by 2027 as the country nears peak consumption. Senior analyst Alan Gelder said gasoline and diesel demand are already in decline, with only modest growth remaining in jet fuel — and even that driven mainly by petrochemicals rather

The Reserve Bank of Australia may need to raise interest rates as early as the first half of 2026 if growth accelerates and labour-market conditions tighten further, according to National Australia Bank chief economist Sally Auld. Australia’s soft landing has placed the RBA in a unique position among global central banks economy already at full

In the European session, we will get just a few low tier releases like the Italian and Eurozone business confidence that won’t change anything for the ECB or the market. We will also have the ECB meeting minutes but that’s almost never a market-moving release. In the American session, we have the US on holiday

The price of bitcoin has been under pressure since reaching the last peak on October 27 near $116,381. Since then the price has moved down to a low price of $80,533 – reaching that level on November 21. The move back to the upside extended up to $89,222 on Monday’s trade and the price has

China’s industrial profits remained positive over the first ten months of the year, rising 1.9% from a year earlier, according to data from the National Bureau of Statistics. The January–October increase marked a slowdown from the 3.2% gain recorded in the January–September period, signalling some loss of momentum as weak domestic demand and uneven manufacturing

German DAX futures flat UK FTSE futures -0.1% This follows up from the stronger gains yesterday in matching up with Wall Street before the Thanksgiving holiday. But with the break in the US hitting, that is likely to sap overall risk sentiment across broader markets today as well. So, that’s leading to the more tepid

Bank of Korea Governor Rhee Chang-yong said Thursday’s policy decision was not unanimous, revealing that board member Shin Sung-hwan dissented. Shin argued domestic demand remains too weak to justify the board’s majority position. Rhee noted that three other board members indicated they were open to a near-term rate cut, highlighting a more divided committee as

Reserve Bank of New Zealand Governor Christian Hawkesby said further interest-rate cuts now face a “high hurdle,” signalling that the easing cycle is effectively finished. Bloomberg report on Hawkesby speaking an interview today after yesterday’s rate cut: investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ) He said

JPMorgan says the S&P 500 could push toward 8,000 by 2026 if the Federal Reserve delivers more rate cuts than markets currently anticipate. In its new Global Equity Outlook, the bank sees the index reaching around 7,500 under its base case, supported by strong earnings momentum, lower policy rates and easing macro pressures. The U.S.

Reserve Bank of New Zealand Governor Christian Hawkesby said the central bank is now more confident that monetary policy has shifted firmly into stimulatory territory after a series of substantial cash-rate cuts. Speaking on Thursday, NZ time, he suggested the economic recovery could come through “faster and stronger” than previously expected, while acknowledging the downside

The Wall Street Journal reports that President Trump privately urged Japan’s Prime Minister Sanae Takaichi to soften her rhetoric toward China after she came out forcefully on Taiwan. According to people familiar with the call, Trump encouraged Takaichi to “lower the tone” in order to avoid inflaming tensions with President Xi Jinping at a delicate

It’s been a positive week for risk trades in general and that will see off investors into the Thanksgiving holiday break which starts today. The holiday typically stretches through to the weekend with US economic data releases also absent from the calendar, after having been pushed forward to yesterday. As a reminder, both the US

There is arguably just one to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1575 level. It doesn’t tie to any technical significance and amid the lack of trading appetite with the Thanksgiving holidays, I wouldn’t ascribe much impact to the expiries. We might just see

China is rapidly narrowing the space for foreign companies to trade with it, pursuing a model in which self-reliance overrides openness. As the FT argues, Beijing increasingly sees no imported product it cannot eventually redesign, produce more cheaply and control domestically. The country remains a major buyer of semiconductors, software, large commercial aircraft and advanced

Crude oil futures settled at $58.65, rising $0.70 (+1.21%) on the session. Price action was contained within a $57.66 low and a $58.69 high, keeping the market choppy but constructive through the day. On the hourly chart, the rebound lifted crude back above the 100-hour moving average at $58.24, a short-term positive that helped stabilize

New Zealand November business confidence 67.1%, the highest in 11 years prior 58.1% Business activity 53.1% prior 44.6% New Zealand posting solid numbers yet again. — Earlier: RBNZ’s Hawkesby says policy now stimulatory but warns on global independence risks New Zealand Q3 retail sales show huge jump, much improved from Q2 The news from yesterday

AMD closed at 214.24 USD, gaining +3.93% for the day. The daily chart (as of the November 26 close) shows bulls defending a key support area after a deep correction. Below is the technical read based on the chart in today’s video. AMD Stock Technical Analysis Video Made Simple & Effective 1. The Trend Line

Bank of America has turned more cautious on U.S. equities, predicting only modest gains for the S&P 500 through 2026. The bank sees the index rising to around 7,100, roughly a 5% increase, as stretched valuations are likely to compress even as earnings continue to grow. BofA expects profits to rise about 14% but notes

For the second half of last week, I was in Singapore attending the FIX Southeast Asia Multi-Asset Trading Conference 2025. It was a fairly engrossing event with plenty of interesting topics being shared and discussed throughout. The conference started on time, more or less as these thing usually go, with a breakfast session for attendees

JPMorgan has reversed its stance on U.S. monetary policy and now expects the Federal Reserve to cut interest rates at the December meeting. Chief US economist Michael Feroli said recent remarks from senior Fed officials, especially New York Fed President John Williams, point clearly toward a near-term easing move. The bank had previously forecast no

Soaring NZ retail sales for Q3 2025. New Zealand Retail Sales +1.9% q/q expected +0.6%, prior +0.5% New Zealand Retail Sales Quarterly vs. Year Ago +4.5% prior +2.3% Signs of a New Zealand economy getting off the canvas has been welcomed by the Reserve Bank of New Zealand. The Bank pushed the door shut on

Japan is preparing to significantly expand short-tenor bond issuance to help fund its latest economic stimulus package, according to officials speaking to Reuters. The government plans to boost issuance of two- and five-year Japanese government bonds (JGBs), lifting total scheduled JGB sales for the fiscal year through March by roughly ¥7 trillion from the current

Deutsche Bank has lifted its 2026 gold forecast, citing a rare alignment of structural and technical forces that continue to push the metal beyond historical patterns. The bank now expects gold to reach US$4,450/oz in 2026, up from its previous US$4,000/oz projection, and sees the trading range widening to US$3,950–4,950/oz. Analysts said gold’s performance is

Reported headlines from the report. Economic activity was little changed since the previous report, according to most of the twelve Federal Reserve districts, though two districts noted a modest decline and one reported modest growth. Some contacts noted an increased risk of slower activity in coming months, while some optimism was noted among manufacturers. Wages

Major US indices close higher for the 4th consecutive day Carney to meet Trump at World Cup draw as Canada-U.S. trade talks remain frozen RBNZ Hawkesby: We are in a position where we can sort of watch and see how things progress NZ Finance minister names Rodger Finlay chair of the RBNZ Two military personnel

New Zealand’s finance minister announces that Roger Finley has been appointed the chair of the RBNZ Finlay joined the RBNZ Board on 1 July 2022 under the bank’s new governance model. He brings extensive governance experience. Previously he was chair of several major public and private entities, including New Zealand Post (NZ Post), PGG Wrightson,

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

RBNZ Gov. Hawkesby is on the wires saying: We think we are in a position where we can put out an OCR projection, which is broadly unchanged We are in a position where we can sort of watch and see how things progress over the course of next year. There are a number of labor

Both NZD and AUD were swung around by events in Asia yesterday, the Kiwi from the RBNZ rate cut and the Aussie by surging inflation: investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ) The data from NZ and Oz won’t impact as much, but I’ll keep an

The AUDUSD is stretching to a new high and in the process has moved above the 100 and 200 bar MAs on the 4-hour chart between 0.64983 and 0.6509. That is now close support for traders. The price is testing a swing area between 0.6514 and 0.6518 at the highs and need to break above

Baker Hughes oil rig count fell sharply by -12 to 407. Natural gas rigs rose 3 to 130 Total rigs fell -10 t0 544, It makes you wonder if the lower prices are taking some of the marginal oil rigs offline. This article was written by Greg Michalowski at investinglive.com.

Re the Singapore dollar, supported by growing expectations of Federal Reserve rate cuts, which would make U.S. fixed-income assets less attractive and ease demand for the greenback. MUFG Bank said market sentiment has tilted toward risk-on, helped by rising confidence that the Fed could cut rates as early as December. San Francisco Fed President Mary

Headlines: UK OBR publishes fiscal outlook and forecasts earlier than expected, before the budget Sterling slides back down after OBR published fiscal forecasts ahead of the budget UK OBR says technical error resulted in forecasts being put up too early UK chancellor Reeves: There will be no return to austerity Japan prime minister Takaichi says

US stocks are trading at new highs US October budget deficit $284 billion versus estimate of $235.05 billion White House correspondent: US Treasury Secretary has not finished the interviews U.S. Treasury sells $70 billion of 5 year notes at a high yield of 3.562% Trump: Thinks we are getting very close to deal on Ukraine

The Atlanta Fed GDPNow guesstimate for 3Q growth failed to 3.9% from 4.0% just yesterday. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.9 percent on November 26, down from 4.0 percent on November 25. After this morning’s advance durable

Blueberry, the global online trading platform, is thrilled to announce a long-term partnership with the Bonds Flying Roos, the Australia SailGP Team and three-time SailGP Champions, becoming the team’s Official Online Trading Partner. The Rolex SailGP Championship is the world’s most exciting racing league, featuring 12 national teams competing on identical high-speed F50 foiling catamarans

The Freddie Mac says that the 30 year average mortgage rate fell to 6.23% from 6.26% last week. The recent lows going back to October 2022 is at 6.09%. The low price on this last cycle to the downside has taken the rate down to 6.19%. This article was written by Greg Michalowski at investinglive.com.

Says his team has made “tremendous progress” toward ending the Russia–Ukraine war. Claims the war “would have never started” if he had been president. Notes that 25,000 soldiers died last month, underscoring urgency. States the original 28-Point Peace Plan has been refined with input from both sides, leaving only a few unresolved issues. Directs Special

Crude oil inventories build of 2.774 million versus 0.055 million estimate Distillates inventories build of 1.147 million versus 0.556 million estimate Gasoline inventories build of 2.513 million versus 0.745 million estimate Refining utilization 2.3% versus expected 0.8%. Prior was 0.6% Crude oil production 13.814 million barrels versus previous 13.834 million barrels Crude production change -20

The U.S. Treasury will complete the coupon auctions for the week with the sale of 7 year notes at the bottom of the hour ($44 billion). The auction is a little early ahead of the Thanksgiving day holiday. Despite the early auction, the bond market will remain open for the rest of the trading day.

Tech Sector Rallies as Nvidia Leads, Google Stumbles The US stock market saw a notable shift today, with the technology sector dominating the headlines. As the trading day unfolded, Nvidia emerged as a star performer, while Google faced some challenges, setting the stage for an intriguing day in the market. 📈 Technology Sector: Nvidia Lights

The major European indices are closing higher on the day. The gains were led by the Spain’s Ibex which increase by 1.36%. A snapshot of the closing levels shows: German DAX, +0.98% France’s CAC +0.88% UK’s FTSE 100 +0.5% Spain’s Ibex +1.36% Italy’s FTSE MIB +1.01% As London/European traders head for the exits, the major

Financial Times with the news: This article was written by Eamonn Sheridan at investinglive.com.

The major US stock indices are set open higher with the S&P index up 21.5 points or 0.32%. The Dow industrial average up 117 points or 0.25%, and the NASDAQ index implying a gain of 119 points or 0.48%. Looking some of the big movers from yesterday is generally showing mixed moves Meta shares rose

New Zealand’s central bank cut the official cash rate by 25 basis points to 2.25%, the lowest since mid-2022, but signalled the easing cycle is effectively over as early signs of recovery emerge. The move matched expectations, yet the tone of the statement was more cautious than markets anticipated, prompting traders to sharply scale back

The Bank of Japan is signalling more clearly that a near-term rate hike is back on the table, with officials reviving hawkish language as the yen weakens and political resistance to tightening fades. Sources familiar with the bank’s thinking told Reuters that the BOJ has intentionally shifted messaging in recent days to highlight the inflationary

Trump on Ukraine: We are making progress Ukraine is happy Europe will be largely involved in security guarantees Initial 28 point plan was just a map Witkoff will be meeting with Putin in Moscow next week Russians are making concessions No deadline for reaching deal — The prospect of a peace deal has been cited

The USD is mixed with the EUR (+0.09%) and the GBP (-0.09%) little changed vs the greenback and the USD higher vs the JPY by 0.27% despite expectations leaning toward a BOJ hike again as a result of the weak JPY. In the video above, I take a look at each of those currency pairs

The major US stock indices are trading near highs. Each of the indices are up 0.70% to 0.80% (give or take). Dow industrial average +0.70% S&P index +0.72% NASDAQ index +0.80% For the trading week: Dow industrial average +2.57% S&P index up 3.22% NASDAQ index up 4.23% Nvidia is rebounding 1.67% and back above $180

High yield 3.781% WI level at the time of the auction 3.775% Tail 0.6 basis points versus 6 month average of -0.6 basis points Bid to cover 2.46X vs 6 month average of 2.56X Dealers 9.44% versus 6 month average of 9.2% Directs 30.27% versus 6 month average of 23.5% Indirects 56.65% versus 6 month

Easy come, easy go. The OBR has just done the impossible and unprecedented in basically just breaking the release of the entire (more or less) Autumn Budget. It’s enough to get markets moving with UK chancellor Reeves set to announce £26 billion in tax hikes which will leave her with around £22 billion worth of

ECB Lane is on the newswire saying: For sustainability of inflation at 2%, needs to see deceleration of energy prices This article was written by Greg Michalowski at investinglive.com.

OB release of forecasts is deeply disappointing, serious error There will be no return to austerity This budget will bring down inflation Borrowing will fall as a share of GDP in every forecast year OBR forecasts show more than doubled fiscal headroom of £21.7 billion This article was written by Justin Low at investinglive.com.

Crude oil futures are settling at $57.95. That is down $0.89 or -1.51%. The low price reached $57.10. The high price was at $58.96. Looking at the hourly chart, the price fell below a floor level near $57.39. Getting below that level should be more bearish, but sellers turned to buyers on the break back

Prior 220K (revised to 222K) Continuing claims 1960K vs 1969K expected Prior 1974K (revised to 1953K) Jobless claims continue to point to a “low firing, low hiring” labour market. The data is not going to change anything for the Fed at this point though with the probabilities for a December cut now standing around 79%.

The USDCAD fell yesterday after stalling at its rising 100-hour moving average, and an early-Asia bounce today failed beneath the 1.4105 swing area. That inability to extend higher invited sellers back in, pushing the pair below the 100-hour moving average and through the 1.4079 swing level. Momentum accelerated into a key support zone between 1.4060

HP is making a major push into artificial intelligence and expects the shift to fundamentally reshape its workforce. CEO Enrique Lores told Yahoo Finance that many tasks currently performed by employees will eventually be done “better and faster” by AI, calling the transition an industrywide reality that companies must adopt to stay competitive. As part

Australian inflation data for October 2025. Headline inflation is hotter than expected at 0% m/m vs. -0.2% expected and 3.8% y/y vs. 3.6% expected and an RBA target band of 2-3% Core inflation is ugly, Trimmed mean 3.3% y/y expected 2.9% +0.3% m/m You can forget about rate cuts from the Reserve Bank of Australia

The RBNZ cut rates by 25 bps to 2.25% today, but with policymakers signaling this is likely the final cut of the cycle, the NZDUSD surged sharply higher. The pair is up 1.21%, making it the strongest performer among the major currencies. Technically, the move gathered momentum immediately after the decision, with price breaking above

That figure is up from the £9.9 billion headroom as set out in their forecast in March. As for the other details: Budget extends freezes of personal tax thresholds for a further 3 years from 2028-29 to 2030-31 The freezing of personal tax and employer NICs thresholds raises £8.0 billion Increases to dividend, property, savings

ECB Vujcic: It has become more difficult to forecast food inflation due to climate change There is a risk of surprises The EURUSD has moved below the 200 hour moving average at 1.1559, tilting the buyers increasingly to the downside. Yesterday – and coming into the North American session – the price had broken above

First presented to the public at iFX EXPO Asia 2025, this attractive offering aligns with the latest financial best practices and governance principles. Regulatory frameworks continue to evolve, and 2025 has brought about even more changes as regulators step up their requirements. From simplified reporting to streamlined supervision and compliance, rules are tightening for financial

The RBNZ delivered on another rate cut today, bringing the overnight cash rate to 2.25%. However, the central bank signaled that this should be the last rate cut and even mentioned that the board debated between holding rates or cutting them again already this time around. Their future projections now see overnight cash rate at

Australia’s inflation accelerated again in October, delivering a hotter-than-expected print that has all but extinguished hopes of further rate cuts and even revived talk of a possible hike next year. New monthly CPI data from the ABS showed headline inflation rising 3.8% y/y — the fastest in 10 months and above the 3.6% forecast —

South Korea’s finance minister warned that officials are on high alert for speculative trading and herd-like moves in the FX market, stressing that authorities will deliver a “stern response” to any excessive volatility. Speaking at a press briefing, Minister Koo Yun-cheol said the won is reacting more sharply to uncertainty than other major currencies, driven

People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

The GBPUSD moved lower after the budget was released early, but has now moved to new highs. Technically, the price initially moved lower, but found support buyers against its 200 hour moving average at 1.31239 (green line on the chart above). That was above the 100 hour moving average at 1.31145 (blue line). The price

Major US indices are trading at new session highs led by the Dow industrial average with a gain of 1.45%. The Dow is led by Home Depot with a gain of 4.83% followed by murder with a rise of 4.61%. Nike is up 3.34% and Salesforce is up 2.75%. The S&P index is currently up

There are a couple to take note of on the day, as highlighted in bold below. The first ones are for EUR/USD near the 1.1600 level. The pair has been trending more choppily since the end of October, keeping above 1.1500 but below its 100-day moving average (now seen at 1.1645). The expiries above could

Fundamental Overview The USD weakened across the board yesterday following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The greenback was already under some pressure caused by Fed’s Williams endorsement for a December cut on Friday. The probability for a December cut is now

It felt a bit weird initially when reading the headlines that some of the things felt like it should’ve been in the budget. The early release was already a cock up but leaking pretty much all the details of the budget is a screw up of a whole other level I guess. The OBR has

Info here: BOJ ramps up signals for near-term rate hike as yen weakness and politics shift Fits with what we had earlier: BOJ board turns more hawkish as Ueda keeps December and January open Has sent USD/JPY and yen crosses lower. This article was written by Eamonn Sheridan at investinglive.com.

Eurostoxx +0.6% Germany DAX +0.5% France CAC 40 +0.5% UK FTSE +0.2% Spain IBEX +0.4% Italy FTSE MIB +0.4% This comes with US futures also sitting higher after the bustling gains from Wall Street yesterday. S&P 500 futures are seen up 0.4% with tech shares holding up. This week is seeing a bit of a

Market index 317.6 vs 316.9 prior Purchase index 181.6 vs 168.7 prior Refinance index 1090.4 vs 1156.8 prior 30-year mortgage rate 6.40% vs 6.37% prior This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior month (August 2.9% revised to 3.0%) Durable goods orders for September 0.5% vs 0.3% expected. Durable goods orders ex Transport 0.6% vs 0.2% expected. The prior of 0.3% revised to 0.5% Durable goods ex defense 0.1% vs 1.9% last month Non-Defense capital goods ex air 0.9% vs 0.2% expected. Prior month 0.4% revised to

It’s a big day for the UK and that will see plenty of watchful eyes on the pound as well as the gilts market. UK chancellor Reeves will be announcing the Autumn Budget and that will be heavily scrutinised amid the intense political pressure that she has come under in recent months. The quid is

In terms of where the range that they are expecting for gold, it is from $3,950 to $4,950 in 2026. On the bump higher, Deutsche cites continued central bank demand as a key reason: “Third quarter supply-demand data supports a continued central bank bid. The positive structural picture shows inelastic demand from central banks and

Post ’em if ya got ’em! This article was written by Eamonn Sheridan at investinglive.com.

German DAX futures +0.6% UK FTSE futures +0.3% Solid as you’d like with US futures also keeping the optimistic run going ahead of the Thanksgiving break. S&P 500 futures are up 0.4% on the day with Nasdaq futures up 0.5% and Dow futures up 0.3%. A Fed rate cut for next month is continuing to

Fundamental Overview The USD weakened across the board yesterday following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The greenback was already under some pressure caused by Fed’s Williams endorsement for a December cut on Friday. The probability for a December cut is now

Fundamental Overview The USD weakened across the board yesterday following soft ADP data and a Bloomberg report saying that Hassett emerged as the frontrunner for the Fed Chair position. The greenback was already under some pressure caused by Fed’s Williams endorsement for a December cut on Friday. The probability for a December cut is now

The New Zealand dollar jumped after the RBNZ cut its cash rate target: RBNZ cuts its cash rate by 25bp, as widely expected to 2.25% from 2.5% This was the third consecutive cut and is widely expected to the be the final cut of the cycle. The RBNZ expected that ahead shows no further cuts:

I’m comfortable with the path for inflation in the next months The risk that inflation will undershoot is limited I don’t see any de-anchoring of inflation expectations Services and wage inflation are progressing positively I’m slightly more positive on growth Risks are balanced There’s nothing new here as the ECB member continue to repeat the

Via Bloomberg: Weak Yen Boosts December Rate-Hike Chances, Ex-BOJ Official Says (gated) In brief: Support inside the Bank of Japan for a near-term rate hike is clearly broadening, with several board members signalling readiness to tighten in the coming months. New board member Kazuyuki Masu, previously cautious when he joined five months ago, said last

Prior -7.7 That’s a modest improvement in Swiss investor sentiment, even if the current conditions index is seen worsening to -4.9 from 0.0 in October. UBS notes that: “Analysts’ expectations regarding export momentum have brighetened significantly after Switzerland and the US announced a joint declaration of intent for a trade agreement.” This article was written

Deutsche Bank has set one of the most bullish targets on Wall Street for next year, projecting the S&P 500 to reach 8,000 by the end of 2026. The bank says equity positioning, which snapped back sharply after the April selloff, has since slipped back to underweight—creating room for investors to rebuild exposure and potentially

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HP Inc. reported fourth quarter (ended October 31 2025) revenue of US$14.64 billion, topping consensus of ~US$14.53 billion. Adjusted earnings per share came in at US$0.93, just ahead of the US$0.92 estimate. Looking ahead, HP sees fiscal 2026 non-GAAP EPS in a range of US$2.90 to US$3.20, falling short of the Street at ~US$3.32, and

To promote upgrades of consumption goods for rural areas To make full use of policies for large-scale equipment upgrades and trade-in programs for consumer goods China’s consumption contribution ratio to economic growth will steadily increase by 2030 To promote the application of AI in all sectors of consumer goods To strengthen the research and development

Reserve Bank of New Zealand with a third consecutive rate cut. Many expect this to be the last of the cycle. Indeed, from the RBNZ path ahead outlook: sees official cash rate at 2.25% in March 2026 (PVS 2.55%) sees official cash rate at 2.28% in December 2026 (PVS 2.62%) For the statement: Annual consumers

Credit Argicole notes that as things stand, “many EUR positives and USD negatives are already in the price” when viewing EUR/USD. Taking that into consideration, that limits room for further upside in the near-term for the pair. As such, the firm is maintaining a more neutral stance for the remainder of 2025. On upside risks,

JPMorgan expects the Swiss franc to weaken against the euro in 2026, arguing that a brighter European growth outlook should finally begin to show up in FX pricing. The bank notes that EUR/CHF typically moves in line with Europe’s growth momentum, yet this year’s upward revisions have not been reflected in the currency. Analysts say

Japan can’t improve fiscal health without strengthening the economy What is most important is to ensure fiscal sustainability Don’t expect to see a “Truss-shock” type of market rout Closely watching market movements including JGB yields and yen currency Government watching for any speculative moves The UK continues to catch strays on the whole Truss-Kwarteng mini-budget

China is accelerating an enormous, economy-wide push to fuse artificial intelligence with manufacturing in an effort to preserve its position as the world’s factory floor. While Beijing still aims to compete with U.S. tech giants in frontier AI, its near-term priority is industrial survival—boosting output, cutting labour needs, and keeping exports competitive despite rising costs,

In the European session, the main highlight will be the UK Autumn Budget announcement. You can read Justin’s preview here. In the American session, we will get the latest US Jobless Claims figures. The release was brought forward because tomorrow it’s Thanksgiving Day and US markets will be closed. The Initial Claims are expected at

Budget deficit $284 billion versus $235.05 billion estimate. Compares unfavorably to 2024 deficit of $257 billion. Total outlays $689 billion versus $584 billion in October 2024. Receipts $404 billion versus $327 billion in October 2024. Net customs receipts record $31.4 billion versus $7.3 billion in October 2024 This article was written by Greg Michalowski at

Taiwan’s president warned that Beijing is intensifying military, political and information pressure on the island, accusing China of accelerating preparations to seize Taiwan by force. Speaking late Tuesday, the president said Beijing is working to redefine “democratic Taiwan” as “China’s Taiwan,” while stepping up military drills, grey-zone harassment and influence operations designed to undermine the

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,

Australia inflation jumps again, wiping out rate-cut hopes and lifting AUD, yields – recap NZD higher – recapping RBNZ cuts to 2.25% but signals end to easing as NZ economy steadies Fed politicization, “Hassett effect” a potential shadow on the USD Taiwan warns China speeding up military preparations and intensifying grey-zone pressure China accuses Japan,

Gold has been underpinned during the session, helped by lower US yields and a softer USD. Geopolitics playing a role too, with some strong rhetoric out of China. China has accused Japan and Taiwan’s ruling Democratic Progressive Party (DPP) of provoking tensions in the Taiwan Strait, with Beijing warning that any external interference will meet

The U.S. dollar weakened after markets sharply increased the odds of Kevin Hassett being nominated as the next Federal Reserve chair, according to Mizuho Securities. Said traders are not questioning the Fed’s independence based on policy signals alone, with senior officials including John Williams, Chris Waller and Mary Daly all openly supporting another cut next

Amazon shares are trading up around 1.5% on the day and increasing the bullish bias in the process. In the video above I take a look at the daily chart, and seek two bullish developments over the last few trading days. The price low on Friday stalled near the 200 day MA at $214.68. The

The NASDAQ index has now turned back into the black. It is trading up 64 points or 0.28% at 22935.40. The S&P is up 42 points or 0.63% at 6748, and the Dow industrial average leads the charge with a gain of 530 points or 1.14% at 46979.62. Some gainers today include: Zoom Video: +13.30%

The Reserve Bank of New Zealand is the focus for the session here. The Bank is expected to cut its cash rate target by 25bp. RBNZ rate cut expected this week, last one in the cycle? End of AUD/NZD bull run in sight NZIER Shadow Board majority recommends a 25bp RBNZ OCR cut to 2.25%

The U.S. Treasury sells $70 billion of 5 year notes yield High Yield 3.562% WI level at the time of the auction 3.557% Tail 0.5 basis points versus 6 month average up 0.3 basis points Bid to cover 2.41X versus 6 month average of 2.36X Dealers 11.04% versus 6 month average of 10.4% Directs 27.6%

President Donald Trump has walked back his earlier insistence that Ukraine agree to a U.S.-backed peace plan by Thanksgiving, saying there is no firm deadline for a deal and that “the deadline for me is when it’s over.” Speaking to reporters aboard Air Force One en route to Florida for the Thanksgiving break, Trump said

Reserve Bank of New Zealand Governor Hawkseby Won’t be disclosing votes today Feel risks are balanced We are in a great position to mitigate risks Central projection is based on cash rate on hold through 2026 See signs labour market stabilising We’re now seeing economic indicators picking up across all high frequency indicators Current cash

more to come — Expectations I had seen centred on: Headline crude +0.05 mn barrels Distillates +0.6 mn bbls Gasoline +0.7 mn — This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities and companies The official report is due Wednesday morning US time.

Investors pushed two of the market’s biggest artificial-intelligence names in opposite directions on Tuesday, highlighting shifting sentiment inside the AI trade. Alphabet rose more than 1%, extending a months-long rally that has brought the Google parent closer to a US$4 trillion valuation, powered by optimism around its AI tools, cloud services and growing chip capabilities.

The Australian inflation data was scorching, headline and underlying are both above the top of the RBA target band: Australia CPI (October) 0.0% m/m (-0.2% expected) & 3.8% y/y (3.6% expected) headline 3.8% y/y (!) and core 3.3% y/y the RBA band is 2-3% services inflation is 3.1% and goods 4.3% There is no way

Deutsche Bank expects the euro to strengthen meaningfully over the next two years, projecting EUR/USD to reach 1.25 by end-2026, up from around 1.1560 currently. In its year-end FX outlook, the bank argues that a combination of improving global growth, a cyclical recovery in Europe led by Germany, and the possibility of a Russia–Ukraine peace

Services PPI data for October 2025, seen as a leading indicator of Japan’s consumer services sector prices. prices continued to rise for labour-intensive industries such as hotel and construction work underscoring the central bank’s view a tight job market will keep pushing up wages and service-sector inflation This’ll keep the BoJ pondering rate hikes: BOJ

The U.S. Treasury will auction off $70 billion of 5 year notes at the top of the hour. Yesterday, the auction off to your notes with average demand. The auction will be compared to the 6 month averages of the major components to determine either strong or weak demand. The six-month component averages shows: Tail

It was reported earlier that White House economic advisor Hassett was the front runner for the Fed chair position. Fox News White House correspondent Edward Lawrence is saying that: There is no front runner A final list of candidates has not yet been sent to the White House. A final list of recommended candidates will