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Prior €15.3 billion Exports +0.1% vs -0.5% expected Prior +1.4% Imports -1.2% vs -0.5% expected Prior +3.1% Full report here The German trade surplus expanded in October as exports rose by 0.1% on the month while imports fell by 1.2%. This is not market-moving data and won’t change anything for the ECB. This article was […]

AI offers tools to process vast datasets. These can help, among other things, detect previously unseen patterns and improve predictive accuracy Machine learning could identify inflationary pressures, labor-market shifts or structural breaks in the economy faster The technology would not substitute for human expertise For more here Nagel didn’t touch on monetary policy, but he

The statement was out earlier and Bullock will speak soon: At its meeting today, the Board decided to leave the cash rate unchanged at 3.60 per cent. While inflation has fallen substantially since its peak in 2022, it has picked up more recently. The Board’s judgement is that some of the recent increase in underlying

It’s hard to believe that Charlie Munger died two years ago but with the passing of time, his advice remains some of the best stuff ever said about investing. Here is a great one: “It’s amazing how intelligent it is to spend some time just sitting. A lot of people are way too active.” Along

Eurostoxx +0.11% Germany DAX +0.21% France CAC 40 +0.13% UK FTSE -0.08% Spain IBEX +0.14% Italy FTSE MIB +0.01% Yesterday’s losses were eventually pared as markets recovered after some brief weakness. What might keep a lid on gains is the risk of a hawkish Fed’s decision tomorrow. This article was written by Giuseppe Dellamotta at

Same approach will apply to AMD, Intel and others There have been various reports about this for weeks, but earlier today there were stronger signs Shares of Nvidia rose after hours to $187.30 from $185.50. Here is what Trump said on Truth Social: I have informed President Xi, of China, that the United States will

The RBA decision is at 2:30 pm Sydney time or 0330 GMT or 10:30 pm in New York. There is a news conference an hour later and that will be critical. I find the RBA to be a critical central bank to watch as it’s at the leading edge of the large group of central

Will make appropriate economic, fiscal decisions at appropriate timing while taking into account interest rates, FX and prices Watching market moves closely Important for currencies to move in stable manner reflecting fundamentals Difficult to single out impact of fiscal policy on interest rates, FX as they are determined by various factors Feels like Japanese officials

The Japan government has downgraded the tsunami warning to a tsunami advisory after the earthquake. The USDJPY has come off the highs that reached 155.98. The current price is at 155.72. Technically, the price is still above its 200 hour MA at 155.638. If the price can stay above that level, the buyers will remain

Won’t comment on specifics on interest rates Long-term rates are rising rather rapidly recently Will increase JGB purchases if long-term rates make abrupt moves Will pay close attention to market moves Real interest rates are significantly low Will adjust degree of monetary easing if economic, prices trends move in line with forecasts Gathering information on

RBA decision: Case rate set at 3.60% vs 3.60% expected RBA’s Bullock: Discussed circumstances in which we might have to tighten Full text of the RBA decision on Dec 9, 2025 Australian November NAB business conditions +7 vs +9 prior UK BRC November retail sales +1.2% y/y vs +1.5% prior Trump threatens Mexico tariffs due

It’s decision day for the Reserve Bank of Australia. Unfortunately for us, the decision itself will be drama free with no change in the 3.60% case target expected whatsoever. What’s starting to get interesting is 2026 as the market is now fully priced for at least one rate hike. At the March meeting, there is

The U.S. Treasury will auction off $50 billion of 3 year notes at the top of the hour. The auction is the 1st of 3 coupon auctions this week with the treasury also auctioning $39 billion of 9 year 11 month bonds tomorrow at 1 PM. On Thursday they will complete the auctions with the

When asked about a trade deal with India, US Treasury Secretary Bessent says: We are still working on a India trade Companies like Nike export from India. Their stuff today is down sharply but -3.89% at $63.30. In the tumble, the price has moved back below its 100 and 200 hour moving averages at $64.06

Trump is busy on Truth Social today: Mexico continues to violate our comprehensive Water Treaty, and this violation is seriously hurting our BEAUTIFUL TEXAS CROPS AND LIVESTOCK. Mexico still owes the U.S over 800,000 acre-feet of water for failing to comply with our Treaty over the past five years. The U.S needs Mexico to release

Prior business conditions +9 Business confidence +1 vs +6 prior National Australia Bank, one of the country’s “Big Four” banks. This survey combines three components—trading conditions, profitability, and employment—into a single index that shows whether business activity is expanding or contracting. This article was written by Adam Button at investinglive.com.

US is to allow Nvidia H200 chip exports to China. Some analysts view such a move as a “strategic win-win,” arguing that allowing H200 shipments would sustain China’s reliance on U.S. AI infrastructure — and potentially slow down the adoption of domestic alternatives The H200 is more capable than the chip China is currently allowed

Crude oil futures settle at $58.88. Down $1.20 or -2.0%. The high price reached $60.30. The low price was at $58.68. Technically, the ups and downs continue. The price rallied to a more recent cycle high near $60.50 on Friday. But today the price rotated to the downside falling back below the 100 hour moving

The Reserve Bank of Australia (RBA) is widely expected to keep the Cash Rate unchanged at 3.6% when it announces its decision at 10:30 PM ET.. We won’t get the economic projections at this meeting, so the focus will be on the statement and the press conference. The expectations are for the central bank to

Pres. Trump on Canada says: Will end up putting severe tariffs on fertilizer from Canada if they have to On related trade news, the US ambassador to Canada says: Trump does not want to terminate the USMCA trade deal This article was written by Greg Michalowski at investinglive.com.

Ukraine Zelenskyy is speaking and says: Talks in London were productive. There is a small progress toward peace. Ukraine – Europe plan proposals should be ready by tomorrow to share with the US Ukraine cannot give up land The US is trying to find a compromise on this issue This article was written by Greg

U.S. Treasury sold $58 billion of 3 year notes at a high yield of 3.614%. WI level at the time of the auction was 3.622% Tail -0.8 basis points versus -0.2 basis points 6 month average bid to cover 2.64X vs 6 month average of 2.63X Directs 19.0% versus 6 month average of 24.5%. Indirects

Prior was +2.1% Overtime pay +1.5% vs +1.0% prior Real cash earnings -0.7% The Bank of Japan still isn’t priced for a hike next week but this is another reason to believe that one is coming. This article was written by Adam Button at investinglive.com.

The USDINR corrected lower last week, breaking below its 100-hour moving average. However, sellers were unable to extend the decline toward the next key target—the 38.2% retracement of the move up from the mid-November low. That failure allowed buyers to regroup and push the pair higher, lifting it back above the 100-hour MA, where dips

The November New York Fed survey of consumer expectations showed: November three-year-ahead expected inflation rate unchanged at 3% November five-year-ahead expected inflation rate unchanged at 3% U.S. households’ year-ahead expected inflation rate unchanged at 3.2% in November Households more pessimistic on current and future financial situations in November November year-ahead expected rise in medical costs

EUR/USD 1.1800 (EUR 1.99 bn) 1.1650 (EUR 976.48 mn) 1.1575 (EUR 892.51 mn) USD/JPY 156.00 (US$ 1.67 bn) 155.00 (US$ 1.73 bn) 153.00 (US$ 778.82 mn) GBP/USD 1.3500 (GBP 500.00 mn) 1.3050 (GBP 740.00 mn) USD/CHF 0.8020 (US$ 180.00 mn) 0.7975 (US$ 100.00 mn) USD/CAD 1.3940 (US$ 1.12 bn) AUD/USD 0.6665 (AUD 301.57 mn) 0.6595

The major European indices are closing mixed to start the new trading week. A snapshot of the closing levels shows: German DAX, +0.11% France’s CAC, -0.18% UK’s FTSE 100 -0.27% Spain’s Ibex, +0.07% Italy’s FTSE MIB -0.08%. As London/European traders come to the conclusion of the trading day, the US major indices are all negative,

Silver continues to command global attention as the metal trades near historic highs and investors position for what may be one of the most important phases of its multiyear uptrend. Strong inflows into silver backed ETFs, persistent industrial demand, and a structural supply deficit have all contributed to the current momentum. At the same time,

In the video above, I take a closer look at the USDCHF, which is stretching higher and testing a key resistance swing area between 0.8066 and 0.8076. A break above that zone — and more importantly, a sustained move above it — would open the door for additional upside momentum. From a broader perspective, the

The BLS is reporting that It will not publish the October PPI report The November report will be published on January 14, 2026 They will also not produce October 2025 import and export price reports The November import export price indices will be published January 15. The BLS announced earlier that the CPI data for

Ethereum has been setting up an increasingly interesting structure on the 4 hour chart, and today we take a closer look at what may be forming. As many readers know from previous InvestingLive analysis, I like to keep chart work simple whenever possible. Clean structures often tell the clearest story, and Ethereum is now giving

The frontrunner for the nomination for the next Fed Chair, Kevin Hassett is speaking on CNBC and says: Powell has done a good job at herding the cats. We should continue to get the rate down some We need to watch the data. We have a lot of missing data The president has a guaranteed

The USDJPY has moved higher after the 7.6 magnitude earthquake struck the East Coast of Aomori Prefecture. Tsunami warnings and advisories are currently in effect (red and yellow areas on the map below). The USDJPY has pushed higher on the news, helped by rising U.S. yields, with the 10-year up roughly 4 basis points. On

Eurostoxx -0.03% Germany DAX -0.11% France CAC 40 -0.07% UK FTSE +0.17% Spain IBEX -0.28% Italy FTSE MIB -0.03 These are very small changes and they are already getting pared. Earlier in the session, we got a Bloomberg article on ECB’s Schnabel recent remarks in which she said that she was comfortable with bets that

Sector Overview Today’s stock market heatmap reveals a buoyant performance in the technology sector, with standout gains driven by companies like Oracle (ORCL) and Broadcom (AVGO). ORCL has surged by an impressive 2.00%, reflecting positive investor sentiment and likely fueled by strong earnings forecasts or strategic announcements. AVGO outshines with a remarkable increase of 3.23%,

The USDCAD moved sharply lower on Friday after stronger jobs report. Recall, Unemployment rate 6.5% vs 7.0% expected Participation rate 65.1% vs 65.3% prior Full time -9.4% vs -18.5K prior Part time +63.0K vs 85.1K prior Average hourly wages for permanent employees 4.00% vs 4.00% prior As a reminder, there were a pair of weak

Prior -37 This is not a market moving release. This index has been deeply in the negative since 2022, although it rebounded from the trough made in October 2023 at -52.5. The SNB meanwhile is not expected to do anything in terms of monetary policy. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior +1.3% Industrial production Y/Y +0.8% vs -1.0% prior This is not a market-moving release but it’s a nice beat on estimates and another confirmation of a pick up in economic activity. Industrial production has been recovering from the May 2024 trough at -7.7% and it’s now back into positive territory. ECB’s Schnabel has been

According to a filing, the Ellison family (PSKY) and RedBird committed to backstop 100% of the USD 40.7bn equity capital required for the deal. The structure with Ellison family eliminates any potential CFIUS (foreign investment) review risk for the proposed WBD transaction. If the proposed deal is terminated under certain circumstances, Paramount (PSKY) would pay

Prior was +4483B This article was written by Adam Button at investinglive.com.

A 7.2 magnitude earthquake is reported off of northern Japan. More specifically off of the coast of Aomori Prefecture. There are Tsunami warnings for parts of northern Japan with maximum 3 m high tsunami expected after the earthquake UPDATE. There is no abnormalities at Tohoku Electric nuclear plant in Aomori after earthquake. This article was

Trump and Carney were at the World Cup draw on Friday and were cordial. This article was written by Adam Button at investinglive.com.

Good on anyone who sniffed out the Warner Brothers sale last year as it’s been better than a 3x trade. The upside is now limited to $27.75 per shares, which is what Netflix bid as part of the $72 billion equity deal plus debt. It’s a huge bid in a tough industry as Netflix tries

The Reserve Bank of Australia (RBA) is widely expected to keep the Cash Rate unchanged at 3.6% tomorrow. We won’t get the economic projections at this meeting, so the focus will be on the statement and the press conference. The expectations are for the central bank to remain cautious and acknowledge the risks around inflation,

The Paramount Skydance (PSKY) launched an all-cash tender offer to acquire Warner Bros Discovery (WBD) for $30 per share. The proposed deal values WBD at $108.4 billion. The offer covers 100% of WBD, including its global networks segment. Paramount has taken the offer directly to WBD shareholders. Equity financing will be backstopped by the Ellison

MoneyGram Haas F1 Team today announced a major new multi-year partnership with IC, one of the world’s leading online trading brands. IC joins the team as the Official FX Trading Partner, with branding debuting on the nose, front wing, halo, and cockpit headrests of the Haas car at this weekend’s Abu Dhabi Grand Prix. As

It was a rough day for Nifty 50 as the index erased all the post-RBI rate cut gains. The market fell by 0.96% but rebounded late in the session from a key support zone around the 25,900 level. The dip-buyers stepped in with a defined risk below the support to position for a rally into

The USD is modestly changed vs the major currencies to start the US session and the new trading week. In the video, I take a look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD – from a technical perspective. This week the expectations is for a 25 basis point cut from

RBA preview: Will the central bank switch to a hawkish stance? ECB’s Kazimir: I see no reason to change rates in the coming months Nifty 50 ends the day lower but rebounds from key support ahead of the close Eurozone December Sentix investor confidence -6.2 vs -7.0 expected ECB’s Rehn: Sticking to full optionality on

Japan Q3 GDP revised -2.3% annualized vs -2.0% expected What’s the big contrarian trade for 2026? Commodities according to BofA China posts another massive trade surplus IBM nears deal to buy Confluent at below the IPO price Macron threatens tariffs on China “in the coming months” due to trade surpluses Japan October current account +2833b

I see no reason to change rates in the coming months, definitely not in December FX pass through to prices may not be as strong as expected Remaining vigilant to upside risks has become more important Overengineering policy around small inflation deviations would introduce unnecessary policy uncertainty That’s been Kazimir’s stance for a while as

Shareholders of Confluent ($CFLT) might be about to have a great start to the week, though it’s a sad end or the highly-touted IPO. The WSJ reports that IBM is near an $11 billion deal to buy the company. On Friday, shares closed at $23.14 with a market cap of $8 billion. That would imply

The trade war isn’t hurting China as it posted another massive trade surplus in November, one of its largest ever. Surplus of USD 111.68 billion vs $90.7 billion prior USD denominated Nov imports +1.9% USD denominated Nov exports +5.9% Nov rare earth exports 5494 tonnes vs 4343 tonnes in Oct Year through Nov surplus of

Prior -7.4 Full report here This is better than expected and continues to point to stabilisation. The agency noted: “While the sentix economic data has improved for the fourth time in a row in some regions, the overall index for the eurozone continues to hover slightly in negative territory. Although it rose by 1.2 points

Sticking to full optionality on rates, full freedom of action and moving forward meeting by meeting Downside inflation risks dominate slightly at the moment, but upside risks are also present Rejected pre-emptive easing on the base of insurance Inflation expectations are well anchored around 2% target Loss of Fed independence would have consequences for ECB

A busy week lies ahead with several key economic events on the calendar, but Monday begins quietly, with no significant releases. On Tuesday, the main focus will be the RBA’s monetary policy announcement and the ADP employment change and JOLTS job openings data in the U.S. BoJ Governor Ueda will take part in a moderated

Happy Monday Asia-Pacific traders. Eamonn is out this week so I will be filling in and having some fun along the way: Here is how each currency is performing on the day so far: Euro: Up by 0.0003 Japanese Yen: Down by 0.13 British Pound: Down by 0.0010 Swiss Franc: Down by 0.0009 Canadian Dollar:

Comfortable with bets that next move will be a rate hike Barring shocks, interest rates are at appropriate levels The economy has been much more resilient than could have been expected ECB can tolerate moderate deviations from the target What matters is the overall macroeconomic narrative Inflation is in good place Services inflation remains the

Futures trading has resumed with some small moves so far. S&P 500 futures up 5 points, or 0.05% Gold futures up $3 WTI futures up 10-cents If spoos finish higher today, it will be the fifth day in a row of gains and 10th in the past 11. This article was written by Adam Button

In the European session, we just have a couple of low tier releases like the German industrial production and the Swiss consumer confidence. None of the data is going to change anything for the respective central banks. In the American session, we only get the US consumer inflation expectations data from the NY Fed. After

Gold Futures Technical Analysis Today: Key Reversal Zone Emerging on the 4 Hour Chart as Traders Watch 4,210 and the Lower Channel In this Gold futures technical analysis on the 4 hour chart, we explore why gold may be approaching a very interesting spot for a potential bullish reversal. Price is moving toward the lower

It’s easy-come, easy-go in the bitcoin market this weekend. Earlier today it sank all the way to $87,800 and then stormed to a high of $91,700 in a straight-line move. Now though, the bears are back in control and have dragged it down to $89,577. That’s not a great sign for overall risk appetite into

Prelim was -1.8% Prior was +2.3% q/q GDP q/q -0.6% vs -0.5% expected q/q private consumption +0.2% vs +0.1% prelim External demand -0.2% vs -0.2% prelim This article was written by Adam Button at investinglive.com.

Late last week, I spoke with Dale Pinkert at Forex Analytix about markets. The prior time I spoke with in early Sept, I pushed hard on the idea that gold was going to run and it certainly did. As we head into year-end, the setup for 2026 is getting fascinating. We covered a massive amount

In an interview on Sunday published by Los Echos, French President Emmanuel Macron hinted at a US-style trade war on China. He said he spoke with Chinese officials and warned them what’s coming. “I told them that if they do not react, we Europeans would be forced, in the coming months, to take strong measures

Will not extend electricity rebates Decision on Austal is imminent The electricity comment is inflationary and the RBA should look through it but there are inflationary pressures building in 2026 and a rate hike late in the year is increasingly the base case This article was written by Adam Button at investinglive.com.

Concerned about FX moves Important for currencies to move in stable manner reflecting fundamentals Will take appropriate action on FX if necessary The market got used to these kind of comments by now. I guess the lack of meaningful JPY strength despite an upcoming BoJ rate hike is making them even more concerned. This article

Gold prices are up 60% year to date and Bank of America’s Michael Hartnett is out with a bold call on hard assets, tagging energy as the ultimate contrarian play. Hartnett, the Chief Investment Strategist at BofA, is looking past the current tech euphoria and digging into the beaten-down sectors. In his latest note, he

Gold is up $14.40 to $4210 in early Asian trading to start the week. The main driver of gold this week will be the FOMC decision and how dovish/hawkish the messages from Powell are and the dots. A cut is all-but assured. Zooming out, the last week of low gold volatility is a real outlier

The new week is underway and the early FX moves are minimal. I haven’t seen any economic data or news that’s particularly notable, so we will take the market moves as they come. The big data drop today comes at 2350 GMT with the result of Japanese Q3 GDP. This is the second revision and

Indian Rupee Technical Analysis Today: USDINR Bounce From 110 to 110.5 Plays Out, What Comes Next for the Rupee Price Prediction INR Price Prediction via the Following Technical Analysis Video In today’s Indian Rupee technical analysis, we revisit the USDINR 4 hour chart after last week’s prediction. The Indian rupee futures moved exactly into our

Many traders and investors saw the seemingly aggressive bearish reversal for gold on Friday and are wondering if we have a double top. Perhaps a start of a major bearish reversal? Gold has been one of the most followed markets this quarter, and for two years now, actually, and many new traders are asking the

Mon: Chinese Trade Balance (Nov) Tue: RBA Announcement, EIA STEO, German Trade Balance (Oct), US JOLTS (Oct) Wed: FOMC Announcement, BoC Announcement, Chinese Inflation (Nov), Swedish GDP (Oct), Norwegian CPI (Nov), US Employment Cost Index (Q3) Thu: SNB Announcement, CBRT Announcement, OPEC MOMR, IEA OMR, Australian Jobs Report (Nov), Swedish CPIF (Nov) Fri: UK GDP

U.S. stocks ended the day modestly higher, supported by steady gains in large-caps and renewed strength in several growth names. The Dow Jones Industrial Average rose 104.05 points (+0.22%) to 47,954.99, while the S&P 500 added 13.28 points (+0.19%) to 6,870.40. The Nasdaq Composite outperformed, climbing 72.99 points (+0.31%) to 23,578.13. Sector performance was mixed,

Tech and consumer lead US stocks higher; Utilities and energy drag down market The US Federal Reserve rate decision the highlight next week US consumer credit for October $9.18 billion versus $10.50 billion estimate The World Cup of foreign exchange begins Baker Hughes oil rig count +6 to 413 Most major European indices close lower

Adobe reports earnings next Wednesday, with expectations calling for EPS of $5.39 on $6.11 billion in revenue. That compares with $4.81 and $5.61 billion a year ago—an increase of 12% in EPS and 8.9% in revenue. Those are solid year-over-year gains, especially given the stock’s performance this year. Shares jumped 5.67% today (up $18.64 to

The Federal Reserve will announce or interest rate decision on Wednesday at 2 PM ET. Fed chair Powell will speak at 2:30 PM ET. The Fed decision is 1 of 4 central bank decisions next week. The reserve Bank of Australia will announce their rate decision on Monday night in the US (10:30 PM ET)

The World Cup is in the USA, Canada and Mexico this year. The World Cup draw is underway now and the first three matchups drawn are: Mexico-Korea Canada-Switzerland USA-Australia Those are fairly good draws for the hosts in what’s sure to be a fun summer. But while countries compete on the football pitch, they also

The USDCHF is trading higher and has stretched to a new high for the week in the last hour or so of trading. Earlier this week, the price moved below the 50% of the move down from the November high at 0.8000, but could not sustain momentum below that level. The sellers had their shot.

Prior month $11.01 billion revised from $13.09 billion Consumer credit for the month of October $9.18 billion versus $10.50 billion expected This article was written by Greg Michalowski at investinglive.com.

Recall last week, Baker Hughes oil rig count fell -12. Today they rose by half of that with a gain of 6 to 413. The natural gas rates fell -1 to 129. The total rigs for the week rose 5 to 549. Crude oil is trading near highs for the day up $0.60 41% at

Treasury Secretary Bessent is out with a good review of the China trade detente. He said the had a constructive call with He Lifeng today about the implementation of the agreement between Xi and Trump. He said it is “going well”. This article was written by Adam Button at investinglive.com.

Most of the major European indices are closing lower. The exception is the German DAX. The other indices are closing near lows for the day after giving up gains: German DAX rose 156.68 points or 0.66% at 24038.72. At session highs the index was up 249 points. France’s CAC fell -7.3 points or -0.09% and

The USDINR sellers had their chance – at least in the short term. The price moved below a swing level at 89.7830. The price moved below the rising 100 hour MA (blue line currently at 89.8838. The price moved below a rising trend line. However, the price could not extend below the 38.2% target at

Earlier reports said Trump wouldn’t be talking trade with his North American counterparts but now that doesn’t seem to be the case: Have meetings set up after FIFA event, will discuss trade Will meet with Canada and Mexico Getting along very well That’s more good news or CAD but Trump is so vague and temperamental,

The AUDUSD has moved sharply higher this week with a gain of 1.44% for the week.Today the pair is up around 0.45%. The move to the upside is now extended above a swing area going back to the end of July between 0.66247 to 0.6635. That is now a close risk area for the pair.

Gold is one of several assets that have seen heavy selling in the past half-hour. Gold has quickly turned a $50 gain into a small loss in a near-vertical drop. Elsewhere, strong gains in US equities have faded as well with a 0.5% rally in the S&P 500 fading to 2%. Bitcoin is also being

Oil prices will like this: The EU and G7 in talks on imposing a full ban on accessing maritime services by Russia to disrupt oil exports Would scrap oil price cap system The oil price cap system has been a failure and this would probably be a failure too but there’s a chance it could

The USDCAD continued its move to the downside today, extending the sharp reaction that followed the stronger-than-expected Canadian jobs report. The data gave traders a clear fundamental reason to sell the pair, and that sentiment has carried through the session. As a result, the currency is now down roughly -0.75% on the day, marking one

The US dollar is at its lowest levels against the Canadian dollar in ten weeks, following a blockbuster Canadian jobs report. USD/CAD is down 70 pips on the day to 1.3886, which narrowly breaks the October low. It’s the lowest levels since September 23. The question is whether this is a gamechanger for the Canadian

The Reserve Bank of India cut its repo rate by 25bps on Friday, delivering the widely expected move as record-low retail inflation and a benign price outlook gave policymakers space to extend support for growth. Reserve Bank of India rate cut by 25bp The decision brings the total easing since February to 125bps, taking the

Personal income 0.4% versus 0.3% personal consumption 0.3% versus 0.3% as expected PCE for September 0.3% versus 0.3% expected. YoY 2.8% versus 2.8% expected Core PCE for September 0.2% versus 0.2% expected. YoY 2.8% versus 2.9% expected PCE Ex food energy, and housing 0.2% MoM versus 0.2% last month PCE Ex energy and housing 0.2%

In the European session, we don’t have much on the agenda other than a couple of low tier releases like the Italian Retail Sales and the final Eurozone Q3 GDP. None of the data will change anything for the ECB, so the market reaction will likely be muted. In the American session, the main highlight

Will step up efforts to expand imports To also expand services consumption Will increase implementation of inclusive policies that directly reach households/consumers To eliminate restrictive measures and promote renewal consumption of home appliances It’s all about trying to revive domestic demand conditions in China and it comes with trying to promote a better environment for

There are two things that the market considers with economic data: What the Fed will do What the Fed should do Now those two things are usually aligned but not always. The heavy politicization of the Fed has the market worried about unwise rate cuts now and into next year. Today’s UMich consumer sentiment and

Japan’s household spending fell at its fastest pace in nearly two years in October, raising fresh concerns about the resilience of consumer demand just as the Bank of Japan prepares for a potential rate hike this month. Government data showed spending fell 3.0% y/y, the first drop in six months and far worse than the

Prior +1.1%; revised to +2.0% German factory orders came in with a beat in October, even with the more positive revision to the September figures as well. That’s a positive and even when you exclude large orders from the equation, new orders were 0.5% higher than in the previous month. However, the less volatile three-month

The Federal Reserve cutting rates sucks up all the oxygen in the central bank conversation but elsewhere there are brewing worries about inflation that Villeroy is hinting at here. Current ECB good position on policy does not mean it’s a comfortable one, nor a fixed one The market is pricing in a 25% chance of

The Canada jobs report came in stronger than expectations with employment change at 53.6 thousand and the unemployment rate falling sharply to 6.5% from 7.0%. The participation rate did fall which probably helped push down the unemployment rate. That rate fell to 65.1% from 65.3%. The other caveat is for the 2nd month in the

Rate cuts by year-end Fed: 22 bps (86% probability of rate cut at the upcoming meeting) 2026: 84 bps ECB: 1 bps (99% probability of no change at the upcoming meeting) 2026: 7 bps BoE: 23 bps (90% probability of rate cut at the upcoming meeting) 2026: 64 bps BoC: 1 bps (93% probability of

Fundamental Overview Gold got stuck in a consolidation below the 4245 level recently as the focus turned to the looming FOMC decision on Wednesday. The precious metal has been keeping a bullish bias ever since Fed’s Williams endorsed a December rate cut. The higher rate cut odds have been a tailwind for precious metals. There’s

JP Morgan’s headline call that bitcoin could reach $170,000 within a year if it continues to “trade like gold” grabbed attention, but the bank’s deeper analysis points to a far more immediate driver: Strategy’s (MicroStrategy’s) influence on market stability. The note from the bank needs some reading between the lines. The gold comparison is a

The EURUSD is trading to new session lows and in the process is breaking below 3 technical levels: 100 day moving average at 1.1644 100 hour moving average at 1.1641 The broken 38.2% retracement at 1.16398 The combination of those 3 now set a ceiling level (risk level) for traders looking for more downside. Stay

Prior was +66.6K Unemployment rate 6.5% vs 7.0% expected Participation rate 65.1% vs 65.3% prior Full time -9.4% vs -18.5K prior Part time +63.0K vs 85.1K prior Average hourly wages for permanent employees 4.00% vs 4.00% prior There were a pair of weak reports in July/August followed by a pair of strong ones in Sept/Oct,

Prior was 50.3 Current conditions vs 51.3 expected (52.3 prior) Expectations vs 51.2 expected (49.0 prior) One-year inflation 4.1% vs 4.7% prior Five-year inflation 3.2% vs 3.6% prior The UMich survey is flawed but the Fed still looks at it. Those inflation numbers are a real green light to cut rates. The stock market should

USD/INR opened slightly lower on Friday at 89.84, easing from Thursday’s record high of 90.42 as traders position ahead of the Reserve Bank of India’s policy decision. Market chatter suggests that if the RBI cuts rates, the pair could retest the 90 handle, with policymakers’ comments on the rupee’s recent weakness seen as the key

Just remember though that when viewing the expiries below that they will be subject to change as more orders are put through during the day/week up until the expiry date/time itself. So, expect there to be changes to the sizes and perhaps significance depending on where the spot trades next week and if there are

US initial jobless claims 191K versus 220K estimate Jobs survey from Revelio Labs sees 9K US job losses in November Freddie Mac: The 30 year mortgage rate falls to 6.19% from 6.23% last week The Atlanta Fed GDP tracker edges lower but it still shouldn’t be trusted US September factory orders +0.2% vs +0.5% expected

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

Prepared to consider further tariff concessions on products originating in the US That only provided that the US is also willing to grant more concessions Committed to further improve access to the US market It’s not the first time that they adopted a draft mandate in dealing with US tariffs in this whole saga. As

The U.S. stock market is buzzing with activity today, showcasing a fascinating mix of gains and losses as different sectors react to varying market pressures. Here’s your detailed snapshot of sector performances, market mood, and strategic recommendations for savvy investors. Sector Overview 📈 Semiconductors Surge: Leading the charge is the semiconductor sector, with Broadcom (AVGO)

Prior +0.1% GDP +1.4% y/y Prior +1.5% Looking at the breakdown, household consumption contributed 0.1% to GDP growth on the quarter with government expenditure (+0.1%) and gross fixed capital formation (+0.2%) also seen increasing. Changes in inventories were also positive (+0.1%) and the only offsetting factor was exports less imports (-0.2%). This article was written

There is arguably just one to take note of on the day, as highlighted in bold below. That being for USD/JPY at the 155.00 mark. Sellers tried to make a play once again yesterday in trying for a firm break below the figure level but ultimately failed as the daily close held at 155.05. So,

I believe markets in the long run are very efficient Fluctuations can happen, effort is to reduce undue volatility We have sufficient reserves, current account mangeable Should get good capital flows going forward due to good fundamentals We don’t target any particular growth rate in credit Expect policy rates to be low as inflation will

Eurostoxx +0.1% Germany DAX +0.2% France CAC 40 +0.1% UK FTSE flat Spain IBEX +0.2% Italy FTSE MIB flat It’s a steadier start to the day with US futures also holding just a little higher for now. The mood music in stocks look to be one that is calmer, with less volatility and drama so

A Reuters opinion piece is bullish gold. It’s a long and detailed piece, I’ve summarised below: Gold’s Surge: Bubble or Paradigm Shift? Gold is up more than 60% this year — its strongest gain in nearly 50 years — raising the question of bubble vs. structural repricing. Inflation-adjusted, gold is at its most expensive ever,

The firm previously saw no rate cut by the Fed for December but now revises that call to a 25 bps rate cut for next week. Adding to that, they also see another 25 bps rate cut in April 2026. And that will take the Fed funds rate to their terminal target range of 3.00%

Meanwhile, the stats office expects the Italian economy to grow by 0.8% in 2026 and that reaffirms their previous estimate. So, no change on that front to the outlook for next year. This article was written by Justin Low at investinglive.com.

The RBI cut the repo rate by 25 bps as expected today leaving the door open for further easing amid record low inflation. In the press conference, Governor Malhotra signalled the intention to diminish the central bank’s intervention in the market to stop the rupee depreciation. History teaches that it’s useless for a central bank

The USD has seen moves lower today and than back higher in trading today. The moves have tested some key technical levels in the EURUSD, USDJPY and GBPUSD in the process. In this video, I kickstart the North American session by breaking down those technicals that are in play in the consolidation trading seen today.

Government will not comment on that Hopes that BOJ will guide monetary policy appropriately to stably achieve 2% inflation target Hopes for BOJ to work closely in line with the government on principles stipulated in joint agreement Important for stock, FX, bond market to move stably reflecting fundamnetals Government will watch market moves with high

The People’s Bank of China appears to be pushing back against market expectations for the yuan to strengthen beyond the 7.00 psychological level, signalling that authorities are now more comfortable with stability than further appreciation. After weeks of guiding the currency stronger, the PBOC abruptly shifted tone: Thursday’s USD/CNY fixing widened to a +150-pip adjustment

U.S. equities finished little changed on Thursday as investors balanced a soft batch of economic updates against rising confidence the Federal Reserve will cut rates next week. Gains in the broader market were capped by a drop in Amazon shares, which weighed on the S&P 500. S&P 500 gained 0.11% Nasdaq +0.23% Dow slipped 0.07%

Major indices in the US had a mixed showing yesterday, mostly keeping little changed. Tech shares squeezed out slight gains but it wasn’t all too convincing of a more positive undertone even if European equities also managed to grind higher yesterday. At the balance, investors seem a bit nervous still in trying to manage the

The Canada jobs report will be released at 830 with the employment change expected at -5.0 K versus 66.6 K last month. The unemployment rate is expected to tick up to 7.0% from 6.9%. The full-time employment last month came in at -18.5 K. The part-time employment search by 85.1 K. Finally the participation rate

Headlines: The risk mood keeps steadier and more boxed in going into the final stretch of the week How have interest rate expectations changed after this week’s events? The Indian Rupee falls again following the RBI’s rate cut: the trend remains negative Japan economy minister says specific monetary policy is up to the BOJ to

It’s been a bit of a running theme to start the new month, hasn’t it? That being firms expecting further dollar weakness in December. Credit Agricole is the latest to pile in on the greenback in arguing that EUR/USD is “looking undervalued according to our FAST FX model”. Adding that the pair has yet to

The Bank of Japan is said to be leaning toward a rate hike at its December meeting, while keeping the option open for further tightening, according to a Bloomberg report citing people familiar with internal discussions. Policymakers will continue monitoring incoming economic data and market conditions right up to the final decision. The headline immediately

The Reserve Bank of Australia is unanimously expected to keep the cash rate at 3.60% on 9 December according to the latest Reuters poll: all 38 economists forecasting no move; survey also marks a notable shift in the outlook: the median now expects rates to remain unchanged through 2026, compared with expectations for cuts as

Despite the spectacular diversification that the financial markets have witnessed since the emergence of Bitcoin and altcoins, and more recently, with EV and AI stocks, no other asset class has proved its durability, particularly under conditions of market duress, more than precious metals. Whether they’re traded on the spot or futures markets, or as part

Gold is trading just under US$4,210/oz on Friday morning Asia time, with traders turning cautious ahead of a cluster of delayed U.S. data and the Federal Reserve’s meeting next week, December 9 and 10. Spot prices slipped around 0.5% overnight to roughly US$4,180, before grinding back higher. The immediate focus is on today’s U.S. Personal

Fundamental Overview The Nifty 50 bounced around a key support recently and extended the gains today following the RBI’s rate cut. The central bank’s support is certainly a good thing for the stock market. The aggressive US tariffs have been one of the main negative factors for India this year. The tariffs haven’t stopped the

German DAX futures +0.1% French CAC 40 futures +0.2% UK FTSE futures flat After a bit of a setback on Monday, European indices have recovered well and are hoping to stick the landing in rounding off the first week of December. So far today, the mood music is helped by a steadier tone in US

India’s equity benchmarks are poised to open higher on Friday as investors await the Reserve Bank of India’s policy decision, with markets split on whether strong GDP growth and a weakening rupee argue against a widely expected rate cut. Nifty futures were trading higher than Thursday’s close. The RBI decision, due at 0400 GMT/ 2300

Repo rate cut to 5.25% from 5.5% Marginal Lending Facility Rate lowered by 25bps to 5.50% Standing Deposit Facility Rate to 5.00% Governor Malhotra of the RBI says the vote to cut was unanimous: maintains neutral stance banking system further consolidated since the October policy meeting, the economy has witnessed rapid disinflation it’s a rare

Prior +0.6%; revised to +0.5% House prices +0.7% y/y Prior +1.9% UK house prices were steady in November as the yearly growth slows, though the average property price is seen inching up to a new record high of £299,892. Resilient. Halifax notes that: “This consistency in average prices reflects what has been one of the

Reserve Bank of India rate cut by 25bp BOJ likely to hike in December, Bloomberg says; yen jumps on report PBOC reins in yuan strength, signalling comfort with current level before key policy event USD/INR eases from record highs as markets await RBI decision and guidance Chinese GPU makr surges 400% amid booming demand for

Prior -€6.58 billion; revised to -€6.35 billion The French trade deficit narrowed modestly in October, as exports were seen down 0.5% on the month while imports slumped by 4.6% on the month. The less volatile three-month moving average trade balance though was -€5.2 billion, just marginally changed from the -€5.1 billion in September. This article

The scramble for copper assets is being driven by a powerful demand outlook for a metal that already underpins construction, transport and electronics—and is now becoming essential to electrification and the soaring power needs of AI data centres. Info collated in a Forbes piece, more here (may be gated). Copper has surged 30% this year

Government taking appropriate steps on excessive, disorderly moves in FX market if necessary Expect BOJ to conduct monetary policy appropriately Important for FX market to move steadily and stably It’s just some added verbal intervention, though they can be a little bit happier surely that the Japanese yen didn’t tumble further this week. It’ll be

U.S. Trade Representative Greer said Washington aims to maintain a stable but recalibrated relationship with China, stressing that bilateral trade must become more balanced, and likely smaller, over time. Greer noted the U.S. goods trade deficit with China has already fallen by about 25%, calling the shift “the right direction.” Greer also flagged ongoing issues

PM Sanae Takaichi is attempting to calm markets after unveiling a $137bn stimulus plan that raised concerns about fiscal sustainability. Japan faces rising long-end bond yields, a weak yen, and doubts about who will absorb sharply increasing JGB supply. I’ve summarised a long piece via Reuters. And also taken issue with a key conclusion (see

Shares of Moore Threads, the Beijing-based GPU designer dubbed “China’s Nvidia”, surged more than 400% on their Shanghai debut after the company raised $1.1 billion in its IPO. The stock jumped to 584.98 yuan, more than five times its offer price of 114.28 yuan, underscoring intense investor appetite for domestic AI chipmakers as U.S. export

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,

SoftBank CEO Masayoshi Son is finalising plans with the White House and the U.S. Commerce Department for a sweeping industrial project that could channel hundreds of billions of dollars into building Trump-branded technology manufacturing parks across the United States, according to people familiar with the talks. The Wall Street Journal (gated) has the info. The

India’s central bank is allowing the rupee to weaken as deteriorating external conditions strain the currency, according to Reuters sources familiar with the Reserve Bank of India’s thinking. A key takeaway from the Reuters reports is: “It doesn’t make sense to spend reserves when fundamentally everything is against the currency,” one of the sources said,

Japan’s Finance Minister Satsuki Katayama reiterated the government’s commitment to fiscal discipline while signalling continued coordination with the Bank of Japan ahead of its pivotal December policy meeting. Katayama said interest rates are shaped by “various factors” and stressed that the government will closely monitor market developments, pursue appropriate debt-management policies, and craft budgets with

China’s crackdown on local-government borrowing is pushing even wealthy provinces back into the shadow-banking market, where state-run entities are taking on high-cost loans to plug funding gaps. Bloomberg carried the info: Since September, local-government investment arms and financing platforms in regions have borrowed billions of dollars from trust companies and leasing firms at 8%+ rates,

Japan’s wage momentum looks set to continue into next year as one of the country’s most influential labour unions prepares to demand salary increases that exceed this year’s record gains. ICYMI, info publised late Thursday. The Japan Council of Metalworkers’ Unions (JCM) said it will seek a monthly base-pay hike of at least ¥12,000 in

The Bank of Japan appears to have won its first major policy test with Prime Minister Sanae Takaichi, securing tacit government approval for a December rate hike to 0.75%. Reuters have the opinion piece, I’ve summarised into a much more concise quick read. BoJ Governor Ueda effectively pre-signalled the move in a recent speech, and

The ‘will they or won’t they?’ December Bank of Japan rate hike question continues to dominate Japanese financial markets. Mix in a little bit of fiscal sustainability concern to make it more interesting too. On that fiscal sustainability question you’d never know it given the very, very successful 30-year JGB auction yesterday: Japan’s 30-yr JGB

AMD chief executive Lisa Su says the company is authorised to ship certain MI308 artificial-intelligence chips to China and is ready to pay a 15% fee to the U.S. government should those exports move ahead. Speaking at a Wired event in San Francisco, Su confirmed AMD holds the required licenses under the Biden-era export controls

Japan’s household spending slumped sharply in October, underscoring persistent weakness in consumer demand and challenging the view that wage gains are feeding through to consumption. All Household Spending fell 3.0% y/y, badly missing expectations for a 1.0% rise prior +1.8% While month-on-month spending dropped 3.5% far below the forecast 0.7% increase prior -0.7% The declines

A rise in Treasury yields is the dominant feature in markets today. That’s helped to lift the US dollar for its first gain in a week and is weighing on stocks. The S&P 500 is near a session low, down 18 points to 6832. There are conflicting signals on deficit priorities in Washington. Trump has

A Trump official cited by Bloomberg said the President plans to take more stakes in mining companies. That’s good news if you’re on the right side of the picking of winners and losers by the government. Critical Metals Corp is up 10% as the market tries to restart the memes in mining. USA Rare Earth

Bank of Japan Governor Kazuo Ueda said the central bank is working to narrow its estimate of Japan’s neutral interest rate, the level neither stimulating nor restraining the economy, and will disclose its findings if the assessment becomes sufficiently precise. For now, he said policymakers still rely on a “fairly wide range,” underscoring the uncertainty

The EURUSD has been choppy today, moving up and down within a relatively contained range. In that process, the pair once again pushed above the top of a key swing area at 1.16676. It did the same thing yesterday—breaking above the level—but in both cases, the upside momentum quickly faded. Each break higher stalled, inviting

Japan’s Chief Cabinet Secretary Yoshimasa Kihara issued some of the strongest verbal warnings on the yen in weeks, signalling rising concern inside the government over the currency’s latest slide. Kihara said authorities are “concerned about forex moves,” adding that recent yen weakness has become “somewhat rapid and one-sided” — language that typically precedes stepped-up monitoring

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

The USDCAD pushed higher in early trading after the release of U.S. initial jobless claims, which showed a sharper-than-expected decline. Claims fell to 191K, well below the 220K expected. While the report covers the Thanksgiving week—a period often distorted by seasonal factors—the broader takeaway is that the U.S. labor market continues to reflect a low-hire,

In October 2021, Mark Zuckerberg went all-in on the metaverse. He had a vision of people existing in virtual worlds and he was going to be the one to make it happen. He was so committed that he changed the name of the corporate company from Facebook to Meta Platforms, and his stock ticker to

Prior week 216K initial jobless claims 191K. This is the lowest level for initial claims since September 24, 2022 when it was 189,000. The claims is for the week of November 29. The 4-week moving average was 214,750, a decrease of 9,500 from the previous week’s revised average. The previous week’s average was revised up

The proliferation of the GDPNow report has turned into a real test of economists. It’s a semi-useful indicator but really only in the couple weeks before the advance US release, when much of the data has been released. Instead, people quote it throughout the quarter at times when it’s based on vague assumptions and models

There are quite a number to take note of on the board for the day, as highlighted in bold below. The big ones are for EUR/USD layered across 1.1600 through to the 1.1700 mark, with larger ones centered around the 1.1650 level. That should at least keep price action more concentrated in the current range,

The major European indices are all closing higher on the day with the gains led by the Spain’s Ibex and Germans DAX indices. A snapshot of the closing levels shows: German DAX +0.85% France’s CAC, +0.43% UK’s FTSE 100 +0.19% Spain’s Ibex, +0.97% Italy’s FTSE MIB +0.32% As London/European traders head for the exits, the

Prior was +1.4% Durable goods orders unrevised at +0.5% vs +0.5% prelim Non-defense capital goods orders unrevised at +0.9% These are dated numbers because of the US government shutdown and won’t be market movers This article was written by Adam Button at investinglive.com.

European equity markets closed with gains of 0.3-0.9% gains today. The winner once again was Spain’s IBEX, which has been a darling this year. It’s up 44% YTD after adding nearly 1% today. It started the year strong, took a dip at Liberation Day to wipe out the gains and has been steadily rising since.

The Atlanta FedGDPNow growth is referred Q3 dipped to 3.8% from 3.9% previously. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 3.8 percent percent on December 4, down from 3.9 percent on December 1. After recent releases from the US

The sources say that China’s major state-owned banks were seen buying dollars in the onshore market this week and held on to them in what a not so typical situation in the Chinese market. The dollar buying comes as state banks tried to smooth out the surging rise of the yuan currency. However, this time

Prior 44.1 Ouch, that’s a bummer. The drop in November marks the steepest downturn in UK construction output for five-and-a-half years, with all three subsectors seeing the greatest fall in activity since May 2020. That comes amid a sharp reduction in both new orders and employment. Meanwhile, business optimism also sank to its weakest since

Revelio Labs creates monthly employment estimates from online employment profiles and other information is out with its November estimate and it sees a -9.0K reading in what would be the second consecutive month of jobs losses. Some details: Leisure and hospitality -12K Retail -9K Manufacturing -7K The soft retail number is concerning ahead of the

The Chicago Fed releases a real-time unemployment forecast and sees as slight improvement in November at 4.44% vs 4.46% in October. The survey highlights how they’ve had to adjust due to the lack of non-farm payrolls. “To estimate the November 2025 unemployment rate probabilities, we made an adjustment to account for the cancellation of the

US-based employers announced 71,321 job cuts in November, which marks a 53% decline compared to the previous month at least. But when compared to the same period last year, layoffs were 24% higher and this is the highest November month tally since 2022. So, that puts things into better context at least. As a whole,

The AUDUSD has been trending steadily higher over the past few weeks, with buyers showing a consistent appetite on dips and pushing the pair through a series of technical layers. The rally began from a lower swing area between 0.6407 and 0.6424, and has now extended all the way up toward a major upper swing

We get the first indications of Australian Q4 2025 trade data with the October numbers today. While they are marked as being of high importance I’m not expecting the release to impact too much on the AUD and other Australian markets. This article was written by Eamonn Sheridan at investinglive.com.

Limassol, Cyprus – November 2025, Global CFD broker easyMarkets reported a rise in precious metals trading in Q3 2025 as overall market volatility eased to its lowest level in over a year, signaling a shift toward disciplined, short-term trading strategies among retail clients. According to the company’s Q3 2025 Market Recap, gold and silver trading

Headlines: Japanese yen gains pick up as BOJ looks to win first showdown against Takaichi BOJ reportedly likely to raise interest rates later this month China state-owned banks reportedly buying dollars to tame the surging yuan ECB’s Cipollone: Risks around inflation seem balanced Eurozone October retail sales 0.0% vs 0.0% m/m expected Germany November construction

JPMorgan has upgraded Chinese equities from neutral to overweight, arguing that the chances of a significant rise in 2026 outweigh the risks of a major decline. The bank sees about 19% upside for the MSCI China Index under its base case, with strategists calling current valuations attractive and investor positioning still light after years of

It’s a relatively quiet start to the session with not much for traders and investors to work with. The overall risk mood remains more muted, even if European indices are posting modest gains to follow up the steady showing from yesterday. US futures are flat, so that’s not providing much direction on risk appetite. As

The USD is starting the North American session on the defensive against the JPY, trading lower by roughly 0.40%. Early trading has seen the pair press against—and attempt to move and stay below—the 38.2% retracement of the rally from the mid-October low, a key technical level that comes in near 154.625. A sustained break below

The US stock market today presents a mixed picture, as distinct trends emerge across various sectors. Notably, Meta leads with a robust surge, while semiconductor stocks falter, showcasing the evolving dynamics in the technology sector. 📊 Sector Overview Technology Sector: While some technology stocks are holding firm, semiconductors are struggling. Nvidia (NVDA) rises modestly by

If you’ve been watching my videos on the USDINR over the last few days — including yesterday’s update — you know the focus has been on the pair’s strong bullish run to new record highs and the approach toward the 161.8% Fibonacci extension. That level has been the logical upside target as momentum continued to

S&P 500 futures are holding flattish with Nasdaq futures marginally lower by 0.1% while Dow futures are just marginally higher by 0.1% on the day. Overall, there’s not much in it as US equities continue to weigh the latest backdrop – mostly concerns surrounding the AI bubble. Still, the rebound from last week keeps building

Prior -0.1%; revised to +0.1% Euro area retail sales held more stable in October, with the breakdown showing an increase in the volume of retail trade for food, drinks, tobacco (+0.3%) and automotive fuel (+0.3%). That is offset by a decline in retail sales for non-food products (-0.2%). This article was written by Justin Low

We are taking decisions meeting by meeting The economy has been resilient There are still many risks in the pipeline We stand ready to act to any shock This is what ECB policymakers have been repeating over and over again for several months. There’s nothing new here. The ECB is comfortably on the sidelines and

Crude oil futures are settling at $58.95. That’s up $0.31 or 0.53%. The high price reached $59.64. The low price was at $58.37. The EIA weekly inventory data showed larger than expected builds: Crude oil 0.574 million versus -0.821 million estimate. Distillates +2.059 million versus +0.707 million estimate. Gasoline 4.518 million versus 1.468 million estimate.

Trump to decide whether to provide licences to allow Nvidia to export the H200 to China ANZ sees oil surplus capping Brent below $65 in early 2026, rising toward $70 later Japan’s 30-yr JGB sale draws highest demand since 2019 as bid-cover surges The headline about what BoJ Ueda said is missing the much bigger

Venezuelan President Nicolás Maduro said on Wednesday that he spoke with U.S. President Donald Trump roughly 10 days ago, describing the exchange as “respectful and cordial.” His comments mark the first confirmation of direct communication between the two leaders in months. Maduro added that both sides have begun taking initial steps toward establishing a more

ANZ expects oil prices to stay capped through the first half of 2026 as supply outpaces demand, before a potential recovery emerges later in the year on improving global growth. The bank says lower refinery run rates and rising OPEC+ output are likely to drive a build-up in global crude inventories, keeping Brent below $65/bbl

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

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 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

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

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

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

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