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EU must be unitedWe must seek talks with US so not everyone loses as a result of a trade war With Canada and Mexico the first ones to be targeted by Trump, Europe will have to look over their shoulders as Trump won’t be far behind in singling out the bloc next. This article was […]

European economy is facing stagnationThat is the price we pay to fight inflation Just some token remarks there by Centeno in general. There is a slight nod in leaning towards saying that they are getting close to achieving their inflation target. But that seems to be the case as they’re faced with a further slowdown

An almost empty data agenda for the session ahead: Japan Corporate Services Price Index (AKA Services Producer Price Index (PPI)) measures the average change over time in the prices received by service providers (in the private sector) for their services in Japan Data published by the Bank of Japancovers services such as transportation and communication,

Deutsche notes that the post-election moves in US assets are making for significant rebalancing signals on the basis of relative equity performance. According to the signals from their model, this will see potential for dollar supply with the largest signals being EUR/USD demand and USD/CHF supply. The firm also points out that there has been

German DAX futures -0.6%UK FTSE futures -0.5% And that’s arguably the reaction we’re seeing from European equities ahead of the open later. In China, the CSI 300 index closes down by 0.2%. Meanwhile, US futures are also looking fairly cautious with S&P 500 futures flat at the moment. This article was written by Justin Low

The NZD/USD pair opened with a gap higher but has spent the session oscillating within a narrow range. On the downside, support has held firm near swing levels established on November 14 and 18, as well as during two tests today, between 0.5835 and 0.5839. On the upside, the 100-hour moving average (MA), currently at

34 of 38 economists expect the Bank of Korea to hold its base rate at 3.25% at the November 28 meeting. 4 expect a 25 bps cut The info comes via a Reuters survey. The strength of the USD against the won is cited as a reason for the Bank to hold: “expected to force

Trump threatened tariffs on Canada, Mexico, and more on China earlier: Trump threatens a 25% tariff on Mexico and Canada A statement from the Washington Chinese Embassy “About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature””No one will win a trade war or

The main highlight for today will be the release of the US Consumer Confidence report. We will also have some low tier data like US House Price Index and some regional Fed indices. We will conclude the day with the FOMC Meeting Minutes although as it’s usually the case it’s unlikely to provide anything new.

The USD/CAD gapped lower over the weekend following news that Scott Bessent would be named Treasury Secretary under Trump. However, the initial decline lacked follow-through, and the pair resumed its upward momentum. Key Levels Tested The price rebounded above the August 2024 high at 1.39458 and the 2022 high at 1.39785, signaling bullish intent.Momentum carried

A good ol’ sense of déjà vu, eh? It’s a throwback to the 2016 to 2020 era as Trump takes office again at the White House. And we didn’t have to wait too long before his first attempt to rattle markets. In case you missed it, he tweeted that: “As everyone is aware, thousands of

Kudo to Reuters for this summary of Trump’s trade policy, climate change, the war in Ukraine, electric vehicles, Americans’ taxes and illegal immigration. Link here: here is a summary of the policies he has said he will pursue when he takes office on Jan. 20 This article was written by Eamonn Sheridan at www.forexlive.com.

The Chair of NATO’s Military Committee, Admiral Rob Bauer, spoke at an event in Brussels: warned business heads to prepare for a “Wartime Scenario” by bringing production lines back home instead of relying on countries like China or Russia”If we can make sure that all crucial services and goods can be delivered no matter what,

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

08:20 Bank of Canada Deputy Governor Rhys Mendes will speak at the Greater Charlottetown Area Chamber of Commerce in Prince Edward Island. The event is billed as: Rhys Mendes, Deputy Governor, Bank of Canada, will unpack how monetary policy worked to bring inflation down and why it is important to keep inflation near the 2%

1000 GMT/0500 US Eastern time: Speech followed by Q&A by ECB board member Elizabeth McCaul at the EBF’s Executive Committee Meeting in Frankfurt 1500 GMT/1000 US Eastern time: ECB member and Bank of Portugal Governor Mario Centeno will present the Bank of Portugal’s financial stability report Centeno is probably more likely to provide pertinent comments

There are a couple on the board for the day, as highlighted in bold. They are all for EUR/USD and layered at the 1.0415, 1.0475, and 1.0500 levels. The one at 1.0500 ties together with the 100-hour moving average currently, so that is likely to keep a lid on price action during the session. But

Chaos is not necessarily a bad thing for traders. Its time to get on board. Monday’s narrative: Bessent will moderate Trump on tariffs. What baloney. No sooner did I say this US yields and dollar dropped on Monday on the news that Trump had nominated Scott Bessent as Treasury Secretary. The reasoning is Bessent has

USD surges as the market gets reminded of reality. Trump says as one of his many first executive orders, he will charge Mexico and Canada a 25% tariff on all products coming into the US and will charge China ‘an additional 10% tariff’. CAD is getting smashed … well everything excluding the USD is. All

US yields and dollar dropped on Monday on the news that Trump had nominated Scott Bessent as Treasury Secretary. The reasoning is Bessent has indicated “a possible more balanced approach” to trade tariffs. That’s an interesting narrative. Folks love a story. I’d suggest the moves were more due to a cascade of “get me out

A note from RaboBank argues for EUR/USD to parity by mid 2025. Citing: Trump expected to implement trade tariffs, which would negatively impact eurozone economies, particularly Germany’sGerman exporters would thus “almost certainly welcome a softer euro” this could raise further calls for the European Central Bank to continue lowering ratesTrump’s planned tariffs and tax cuts

Synopsis: Barclays acknowledges that the Bank of Japan’s (BoJ) December meeting is now “live” following surprising inflation data and Governor Ueda’s recent remarks. While maintaining a January rate hike as their base case, Barclays highlights key factors that could influence an earlier move. Key Points: October Inflation Surprise: Japan’s nationwide October BoJ core CPI rose

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected

Between them, Bitcoin and Ethereum make up 75% of the world’s cryptocurrency market. They both run on blockchain, both can be traded and used to make peer-to-peer payments, and both now have their own exchange-traded funds, as of earlier this year. However, they have their inherent differences. Bitcoin is more recognizable and, despite not having

Bloomberg carry the report. The news was out earlier, in brief: The European Union has proposed for the first time to target Chinese companies and individuals with visa bans and asset freezes over their dealings with Russian firms linked to Moscow’s war effort in Ukraine, according to RFE/RL. The new measures, which are laid out

British Retail Consortium (BRC) monthly shop price index, a monthly measure of UK shop price inflation. for November 2024. Comes in at -0.6% y/y prior -0.8% GBP has been caught up in the USD strength with Trump issuing a threat to impose a 25% tariff on all imports from Canada and Mexico on the day

Goldman Sachs published their outlook for inflation in 2025, titling it with the choice that will be made: “Tariffs or 2%” GS says the current level of PCE inflation, 2.7% y/y, “has returned most of the way back to the 2% target”, and that the muchh of the gap from 2.7 down to 2 “appears

ANZ highlights that the upcoming RBNZ meeting is unlikely to spark a positive shift for the NZD. Market expectations of a 50bp rate cut align with ongoing dovish policy trends, keeping downside pressure on the NZD against the USD and AUD. While year-end seasonality could provide some upside, near-term prospects remain neutral to negative. Key

ECB Nagel: Increasingly confident over disinflationRate cuts must be gradual as risks remain.Growth likely to stagnate in Q4Germany falling behind euro zone averageSlower wage growth to help service prices to moderateTrump tariffs boosting eurozone inflation a real risk The EURUSD tried to extend above technical lows including the 100 hour moving average, a downward sloping

Today is Scott Bessent day in financial markets and that means we’re all trying to get to know him. Naturally, given that he’s an FX guy, we’re all cheering for him. There are far too many academics in government and I don’t think there is any better experience for macro policymaking than global macro trading,

It will be interesting to see how Trump’s retribution tour shakes out. I suspect he has a pretty long list of enemies on it. This article was written by Adam Button at www.forexlive.com.

The US treasury will show $68 billion of 2-year notes at 1 PM ET. The 2-year note auction is the first of three coupon auctions this week. The treasury will auction five and seven-year notes on Tuesday and Wednesday respectively before the Thanksgiving holiday on Thursday. Last week the US treasury auctioned off 20-year bonds.

The GBP/USD pair moved higher from last week’s closing level near 1.2530 but encountered strong resistance around a key swing area between 1.2596 and 1.2614. After testing this zone, buyers gave way to sellers. In the early European session, the price decline paused just ahead of the 1.2530 level, prompting another attempt to the upside.

Al Jezeera is reporting that Israel government has reservations about some details of the agreement of the Israeli Lebanon cease-fire. In other the geopolitical war news: Germany’s defense minister Pitorius says that Russia’s war on Ukraine is no longer a regional conflict, Russia Ukraine war has reached an international dimension Gold continues its decline with

The Bank of England reduced rates by 25 basis points to 4.75% on November 7. 0900 GMT/0400 US Eastern time: Bank of England Deputy Governor Clare Lombardelli gives a speech at the annual Bank of England Watchers’ Conference organised by King’s Business School 1030 GMT/0530 US Eastern time: Bank of England Monetary Policy Committee member

Radio France Internationale reports on the tension in French politics at the moment: Political tensions peak over the French budget, with PM Barnier considering Article 49.3 to bypass parliamentary approval.Opposition, including Le Pen’s far-right RN and the left-wing bloc, threatens a no-confidence vote against the government.Le Pen criticizes Barnier’s inflexibility and dismisses fears of chaos

When people in markets found out that fund manager Scott Bessent was a leading candidate for Treasury Secretary, the natural question to ask was: How good was he? His fund was Key Square Capital and I searched hard for his returns when his name was floated. I wasn’t able to find them, which is almost

The US dollar is rebounding after a tough start to the week. It comes as the Bessent-bounce unwinds. The bond and stock markets started the day thrilled with the pick of the new Treasury Secretary but stocks have faded with the S&P 500 up 17 points after rising as much as 50. Treasury yields remain

Crude oil prices have dropped sharply as optimism grows for a potential peace agreement between Israel and Lebanon. Currently, prices are down approximately $2, trading near $69.13. The intraday low reached $69.01, bringing the price close to the 200-hour moving average (MA) (depicted as the green line on the chart). This MA level is acting

Rate cuts by year-end Fed: 13 bps (54% probability of rate cut at the upcoming meeting) 2025: 69 bps ECB: 39 bps (55% probability of 50 bps rate cut at the upcoming meeting) 2025: 146 bps BoE: 5 bps (78% probability of no change at the upcoming meeting) 2025: 74 bps BoC: 31 bps (75%

There were already some murmurs about this since Friday, so this just adds credence to the notion. As a reminder, OPEC+ will be discussing oil output policy next on 1 December i.e. this coming weekend. OPEC+ had already said that they would delay the planned start to easing production cuts from 1 December to 1

Gold and oil are under pressure on a report that Lebanon and Israel are near a ceasefire. I’m surprised at the size of these moves as a ceasefire has been close for weeks. In any case, gold is down around $40 on the news and oil down $1.50, both unwinding a big part of last

Gold Price Decline: A Technical Perspective Gold prices have dropped over $80 today, a decline of 3.00%, marking one of the most significant setbacks for the commodity this year. This comes after five consecutive days of gains last week. The dip coincides with easing geopolitical tensions following discussions of a potential cease-fire between Israel and

Retail sales in the third quarter in New Zealand were expected to fall, and while they have its not by as much as was respected. -0.1% q/q expected -0.5%, prior -1.2%For the y/y, -2.5% (prior -3.6%) Trade data for October was also published: Later this week we’ll get another cash rate cut from the Reserve

USD selling has pushed the USDCHF below a swing area between 0.8880 and 0.8992 (call it 0.8900). That comes after a sharp rise in Friday which took the price above technical target. The fall below the swing area is given sellers some comfort after the sharp rise of seen over the last seven or so

The EURUSD is correcting higher as dollar selling is dominating trading today. Yields are lower with the 10 year now down -11 basis points at 4.300%. The 2-year yield is down -6.4 basis points. Technically, the EURUSD is above a swing area between 1.0483 and 1.0500. The price also is looking to extend above a

Market moves today are dominated by repositioning after Trump nominated Scott Bessent to lead the Treasury Department. The US dollar is weaker, Treasury yields are lower and stock futures point to new records. Some quick thoughts: 1) One of us! Bessent is an FX guy. His career was made as a deputy for George Soros.

Flexible meeting by meeting approach assures that we remain responsiveGradualism is not a universal principle, some circumstances require a stronger responseIt is essential that we are agile in respond to risks that might crystallize We must remain open-minded about the speed and scale of rate moves The market is 50/50 on whether we will get

Treasury yields at the front end are still down 6 bps to 4.31% but they fell as low as 4.29% and have picked up recently. Some of the moves are caught up in the Israel-Lebanon headlines so it’s tough to get a clean read. At the same time, this chart is telling. There are a

A senior U.S. official told Axios that Isreal and Lebanon have agreed to the terms of the ceasefire. Oil is declining on this, though I don’t see it as a big surprise. The Israeli Security Cabinet is expected approve the deal on Tuesday. “We think we have a deal. We are on the goal line

In brief from the Cboe announcement on Friday afternoon US time: The first cash-settled index options related to the price of spot Bitcoin Options are based on the new Cboe Bitcoin U.S. ETF Index, designed to reflect the performance of spot Bitcoin ETFs listed on U.S. exchanges Options on standard and mini index, as well

Prior was -3.0Production -0.9 vs +14.6 priorNew orders -11.9 vs -3.7 priorCapex +7.8 vs +4.6 priorEmployment +4.9 vs -5.1 priorOutlook +5.8 vs -3.3 Comments in the report: Chemical manufacturing Global industrial demand for chemicals remains stable but at low levels. Our outlook six months forward is for very slow improvement, but that outlook is uncertain

The Reserve Bank of New Zealand is widely expected to cut its cash rate target by 50bp this week. Preview comments from KiwiBank: we’re expecting another 50bps rate cut on Wednesday. It’s the right thing to do. We know it, the market knows it, and the RBNZ should know it too. The updated OCR track

This is a composite index of data that’s already released so it’s not a market mover but it’s a decent overview of the US economy. Worst reading since JanuaryPrior -0.28 (revised to -0.27) This article was written by Adam Button at www.forexlive.com.

I worry about the risk mood at the moment as the megacap tech stocks and bitcoin turn lower. Bitcoin bulls were frothing at the idea of $100K in thinner weekend liquidity but $99,400 was the peak and the sellers have been in charge since. They took another run in Asia but couldn’t break the weekend

Sector Overview Today’s US stock market showcased a blend of resilience and gains across several sectors. Technology experienced a modest but stabilizing trend with Microsoft (MSFT) holding firm at +0.04%, while other tech giants like Adobe (ADBE) and Oracle (ORCL) posted gains of 1.26% and 1.13% respectively. Amid these trends, the semiconductor segment saw mixed

Fundamental Overview Copper continues to have a hard time as the market demands more stimulus from the Chinese officials to stimulate growth more strongly. Copper has been tightly correlated to the Chinese stock market in recent years which just shows the strong dependence of the commodity to the Chinese economy. That should not be surprising

Prior readings in parenthesis: Manufacturing: -16.7 (-18.3) Business-related services: +7.0 (+3.8) Construction: -5.3 (-8.6) Trade: -9.7 (-4.5) Overall: -11.1 (-12.8) This is a leading indicator for Europe, though it’s a small bump and trade is a big drag. This article was written by Adam Button at www.forexlive.com.

Recent CPI outturns show no asymmetry in inflation unwindingFall in services PPI appears to be slowing but probably due to erratic componentsRisks to outlook is uncertain and difficult to gaugeThe lack of reliable data is hindering monitoring process Do keep in mind that she’s arguably the most dovish member among the policy committee when reading

As a critical resource in the global economy, oil is integral not only to the energy sector but also to industries such as transportation, manufacturing, and agriculture. Changes in its prices impact inflation rates, production costs, and global trade. For instance, oil price increases can accelerate global inflation. This effect ripples through various sectors, with

It is too early to declare victory on inflationWill be monitoring data flow in the coming months to calibrate policy as neededUK economy has made good progress on disinflationBut persistent components of inflation and labour market uncertainty are causes for concernOutlook for wages, services prices is unclearBOE is hampered by challenges on quality of labour

China – Citic Securities say PBoC may cut RRR, buy government bonds in Decemberto smooth liquidity fluctuations This article was written by Eamonn Sheridan at www.forexlive.com.

The week ahead features several key economic events to watch. On Tuesday, the U.S. will release the CB consumer confidence index, new home sales, and the Richmond manufacturing index, providing updates on consumer sentiment and economic activity. Wednesday’s attention shifts to Australian inflation data, followed by the Reserve Bank of New Zealand’s (RBNZ) monetary policy

New Zealand retail sales data for Q3 is the highlight. Retail spending in NZ has been pressured by high rates and a weak economy, and this is expected to show in the data again today, despite the RBNZ kicking off its easing cycle in August: The RBNZ reduced the Official Cash Rate (OCR) by 25

Wall Street Journal (gated) with the report : In his first interview following his selection, Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges making his first-term cuts permanenteliminating taxes on tips, social-security benefits and overtime payenacting tariffs and cutting spending will also be a focusas will be “maintaining the

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

The gold price has fallen away to open the week here in Asia, to lows circa USD2690. Down from a three-week high. On Friday UBS sent out a note confirming their US$2,900 target for gold by year-end 2025. Analysts cite: gold the “preferred hedge against geopolitical tensions” (UBS cite Russia’s launch of an experimental hypersonic

And typically, that means broader markets will likely observe a more quiet and slower trading period as well. Even though Thanksgiving falls on Thursday and markets will be open again on Friday, the festive period usually sees many US businesses and offices in a holiday mood until the weekend. As a result, just be mindful

The greenback is recovering losses to start European morning trade, as it starts to chew into the opening gap lower today. USD/JPY is now up to 154.60 levels, just a few pips shy of closing its opening gap lower: Besides that, the commodity currencies are also seeing opening gains somewhat covered against the dollar now.

Fundamental Overview Crude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future scenarios. On one hand, we have the Trump’s victory which might be seen as bearish in the short term for fear of the tariffs and a slowdown in global growth

Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledgesUBS target US$2,900 gold year-end 2025 – preferred hedge against geopolitical tensionsBank of England Dhingra and Lombardelli speaking on MondayPeople’s Bank of China shift to the MLF as the main policy tool – drain today facilitatesEuropean Central Bank speakers Monday include Lane,

The USD is lower. US stocks are higher in pre-market futures trading. US yields are lower. The market is approving of the naming of Scott Bessent the new Treasury Secretary. Bessent won the battle that was whittled down to Kevin Warsh and Marc Rowan after Howard Lutnick was knocked off the list and was instead

Headlines: Dollar down as Trump picks Scott Bessent for role of Treasury secretaryWeekly update on interest rate expectationsReminder: It will be a holiday-shortened week in the USECB’s Lane: Monetary policy should not remain restrictive for too longBOE’s Lombardelli: I support a gradual removal of monetary policy restrictionBOE’s Lombardelli: We remain focused more on services prices

Prior 86.5Current conditions 84.3 vs 85.4 expectedPrior 85.7Expectations 87.2 vs 87.0 expectedPrior 87.3 German business morale dipped in November with both the current conditions and outlook readings also easing compared to the month before. This just reaffirms the struggles in Europe’s largest economy with storm clouds still brewing going into next year. It’s not a

Eurostoxx +0.9%Germany DAX +0.9%France CAC 40 +1.0%UK FTSE +0.4%Spain IBEX +0.7%Italy FTSE MIB +0.6% This comes as US futures are also seen higher, with S&P 500 futures up 0.5% currently. The more positive mood is to do with Trump’s pick for Treasury secretary, Scott Bessent. Here is his take on tariffs among other things, if

We should not focus too much on one set of data (regarding last week’s PMI data)We remain focused more on services prices and wagesLabour market is still relatively tight This reaffirms the narrative on “gradualism” and if anything, she is shrugging off suggestions that could point towards a rate cut next month. This article was

Domestic sight deposits CHF 451.0 bn vs CHF 455.0 bn prior Swiss sight deposits fall back in the past week but remains within the range seen in the last few months. Here’s the trend: This article was written by Justin Low at www.forexlive.com.

German DAX futures +0.5%French CAC 40 futures +0.4%UK FTSE futures +0.1% The mood here is helped by a gap higher in US futures as well, with S&P 500 futures seen up 0.4% currently. The broader market moves to start the week are driven by Trump pick’s for Treasury secretary here. Elsewhere, the dollar is still

It’s the 25th of the month, MLF day. We’d usually have the announcement by now. Nothing so far. This article was written by Eamonn Sheridan at www.forexlive.com.

The Bank for International Settlements have published research showing fnancial markets have become more susceptible to liquidity shortages. Citing the rise of algorithmic trading and increased market fragmentation. From the BIS report, in brief: average bid-ask spread has significantly declined across stock, foreign exchange and government bond markets over the past 25 years, indicating improved

As it’s usually the case, we have a pretty empty day today on the data front. The only highlight will be the German IFO release in the European session. The IFO index is similar to the German Composite PMI as they are correlated, so it shouldn’t be a big deal. Other than that, we don’t

There are just a couple to take note of, as highlighted in bold. They are for EUR/USD at the 1.0440 and 1.0485 levels. The pair opened with a gap higher today amid a weaker dollar and has been sticking thereabouts since. Offers layered closer to the 1.0500 mark are still in play but the expiries

Fundamental Overview Gold saw a quick drop today during the Asian session with the news of Scott Bessent nomination for Treasury secretary as the most likely culprit. Bessent is a fiscal hawk, and the market views him as a great pick for the job. In fact, one of the main reasons why the magnitude of

The initial reaction seems to be that billionaire Scott Bessent is a “markets guy”. Wall Street is reacting favourably with US futures gapping higher while bonds are also bid, dampening the dollar. So, why exactly are markets responding to Bessent in such a way? Let’s take a look. Bessent has been a rather vocal guy,

The Reserve Bank of New Zealand meet this week, with a 50bp rate cut expected, although 75bp is getting fomw love too. ANZ forecast a 50bp interest cut from the RBNZ next weekReuters poll: RBNZ to cut cash rate to 4.25% on November 27Goldman Sachs expects a 50bp Reserve Bank of New Zealand rate cut

The job is not done yet on inflation, services prices still need to come downInflation is close to the 2% targetBarring new geopolitical or political risks, a large part of the final stage in bringing inflation back to 2% target will be completed next yearMonetary policy must respond to both downside and upside risks to

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, USD lower to open the new week: EUR/USD 1.0476USD/JPY 154.09GBP/USD 1.2586USD/CHF 0.8925USD/CAD 1.3959AUD/USD 0.6536NZD/USD 0.5858 This article was written by

The news is here from earlier: PBOC net drain 550bn via MLF. Rate unchanged at 2% The Wall Street Journal (gated) recaps the move from the Bank, pointing out: In recent months, Chinese authorities have been recasting the PBOC’s seven-day reverse repo rate as the main policy rate while letting the shorter-term operation play a

The Axios report cites Israeli and US officials Israel and Lebanon are on the cusp of a ceasefire agreement Israeli media has reported that Israel agreed in principle to the proposal for a ceasefire in Lebanon Israel Broadcasting Corporation agreement with Lebanon not yet reached, issues remain. We’ll see. Remember though, for markets hope is

US Republican Senators Lindsey Graham and Tom Cotton have started to draft a package of sanctions on the International Criminal Court (ICC). Graham spoke on Fox, warning US allies: “To any Ally: Canada, Britain, Germany, France, if you try to help the ICC, we are gonna sanction you. We should crush your economy.” A heads

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

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected

People’s Bank of China issue a one year MLF at 2% 900bn yuan added 1445bn yuan in MLF mature today …. matured on November 15net 550bn yuan drain This article was written by Eamonn Sheridan at www.forexlive.com.

Early FX rates were posted here: Monday morning open levels – indicative forex prices – 25 November 2024 The gap lower for the USD pretty much across the major’s board has remained. USD/JPY is under 154.50: About the only news of note over the weekend was the announcement: Weekend – Trump nominated Scott Bessent to

Coming up from the ECB today: 1630 GMT/1130 US Eastern time: European Central Bank Chief Economist Philip Lane gives a speech at the annual Bank of England Watchers’ Conference organised by King’s Business School 2000 GMT/1500 US Eastern time: Gabriel Makhlouf, governor of the Central Bank of Ireland and a member of the European Central

Goldman Sachs Asset Management 2025 Outlook report is titled “Reasons to Recalibrate.” On bonds, GS is bullish: “When the Fed cuts rates, history suggests the bond market is where investors should want to be,” see broad-based fixed income gainsexpects the Fed to cut rates in December and early 2025main risk for fixed income is renewed

In early FX trade we had a gap down for the US dollar: Monday morning open levels – indicative forex prices – 25 November 2024FX gaps remain in early Tokyo trade The move has been reflected in US Sunday evening futures trade now, 10 yr UST & equity index futures higher. SPX (this is a

Bessent and ex-Fed Warsh were two front runners, Bessent has been given the nod. Bessent background, in brief: was the CIO of Soros Fund Managementfounder of Key Square Capital Management, a hedge fundcame out for the MAGA movement after working for Sorosdonated to Trump’s presidential campaign, has donated to Democrats alsoadvised Trump on economic policy

Mon: German Ifo (Nov), US National Activity Index (Oct)Tue: FOMC Minutes (Nov); US New Home Sales (Oct), Richmond Fed (Nov)Wed: RBNZ Policy Announcement; Australian CPI (Oct), German GfK (Dec), US GDP 2nd (Q3), PCE Prices Prelim. (Q3), PCE Price Index (Oct), Initial Jobless Claims (23rd Nov), Durable Goods (Oct)Thu: US Holiday: Thanksgiving. CBRT Minutes (Nov);

UPCOMING EVENTS: Monday: PBoC MLF, German IFO.Tuesday: US Consumer Confidence, FOMC Minutes.Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims.Thursday: German CPI. (US Holiday)Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP. Tuesday The US Consumer Confidence is

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper, commenting on wages and CPI: “Prices are increasing less quickly than wages on average — this also allows us to lower interest rates” Villeroy stressed that the ECB reaches its interest rate policy decisions independent of the Federal Reserve: “The proof is that

The Fed’s twice yearly Financial Stability Report highlights: U.S. government fiscal sustainability tops the list of financial system risks cited in the Fed survey of market contacts for the semi-annual Financial Stability Report.Persistent inflation dropped to No. 5 on the risks list from No. 1 in the prior survey, now tied with global trade risks.Trade

Major indices close higher for the trading week by the Russell 2000Baker Hughes oil rigs up 1 Gas rigs down -2European shares close higher despite weak data todayAttack the currency trend: The EURUSD has been stepping lower with more selling todayWhat is the latest tilt for US Treasury Secretary?University of Michigan consumer sentiment final for

The stock indices close week. For the day, the Dow and Russell 2000 rose solidly, the S&P and the Nasdaq less so. Dow industrial average rose 426 points or 0.97% at 44296S&P index rose 20.63 points or 0.35% it 5969.34NASDAQ index rose 31.23 points or 0.16% at 19003.65Russell 2000 rose 42.65 points or 1.80% at

The USD/CHF pair, after trading within a range of 0.8400 to 0.8550 through late August and October, transitioned from consolidation into a trending phase. This shift began as prices broke through key levels in a step-by-step manner, marking the transition from non-trend to trend. Last week, the price moved above the 50% midpoint of the

Baker rig count for the current week: Oil rigs, up 1 to 479 Natural gas rigs down -2 to 99Total rigs for the week down 1 to 583 This article was written by Greg Michalowski at www.forexlive.com.

Preliminary 73.0Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5Expectations and 76.9 versus 78.5 preliminary. Prior month 74.1Current conditions 63.9 versus 64.4 preliminary. Prior month 64.91-year inflation 2.6% versus 2.6% preliminary5-year inflation 3.2% versus 3.1% preliminary. Prior month 3.0% The data was weaker than the preliminary but up from the prior month. The

The major European indices are closing the day higher despite what was weak flash European PMI data for both manufacturing and service. The final numbers are showing: German DAX +0.89%France’s CAC +0.58%UK’s FTSE 100 1.38%Spain’s Ibex 0.39%Italy’s FTSE MIB 0.60% For the trading week indices are mixed with France and Italy moving lower and Germany,

Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged due to the lack of catalysts at three rate cuts by the end of 2025. This morning, we saw some strong bids in the greenback entirely due to the weak Eurozone PMIs as

The USD/JPY pair moved lower in the early Asian session but found support once again near the rising 100-bar moving average on the 4-hour chart, currently at 153.944. This level, which also held yesterday and prompted a bounce, remains a key technical support. Staying above this moving average maintains a bullish bias, while a break

The European data was yucky (if I can use a favorite word of my grandson). All the data from German GDP, to UK retail sales and flash services and manufacturing data missed the expectations. Only one, UK flash services PMI, was 50.0 or better and it came in right at 50.0. Below is summary of

The EUR/USD pair continued its downward trend today, extending a week-long selloff as bearish momentum carried the price through key technical levels. Weak European flash PMI data and concerns from ECB officials over growth and inflation pressured the euro, while stronger-than-expected US PMI data (offset slightly by weaker University of Michigan data) provided support for

Prior month manufacturing 48.5. Prior month services 55.0S&P global flash manufacturing indexS&P global flash services index This article was written by Greg Michalowski at www.forexlive.com.

The major US stock indices are marginally higher to start the new trading day: Dow industrial average is up 80 points or 0.19% at 43960S&P index is up 6.47 points or 0.10% of 5954.90NASDAQ index is now trading marginally lower by 4.5 points or -0.2% at 18963. The S&P global/manufacturing and services data will be

Manufacturing PMI 43.2 vs 43.0 expected and 43.0 prior.Services PMI 49.4 vs 51.6 expected and 51.6 prior.Composite PMI 47.3 vs 48.6 expected and 48.6 prior. Key findings: HCOB Flash Germany Composite PMI Output Index(1) at 47.3 (Oct: 48.6). 9-month low. HCOB Flash Germany Services PMI Business Activity Index(2) at 49.4 (Oct: 51.6). 9-month low. HCOB

Singapore Q3 GDP 3.2% q/q expected 2.5%, preliminary was 2.1% +5.4% y/y expected +4.6%, preliminary 4.1% Singapore’s trade ministry upgraded its GDP growth forecast for 2024 to “around 3.5%” from a previous range of 2.0% to 3.0%. The ministry said it expects growth of 1.0% to 3.0% in 2025. This article was written by Eamonn

Federal Reserve Board Governor Michelle Bowman speaking FridayJust over half of economists surveyed expect the Bank of Japan to hike rates in DecemberEuropean Central Bank President Lagarde, plus Nagel & Schnabel (& others) speaking FridaySwiss National Bank Chairman of the Governing Board, Martin Schlegel, speaking FridayTrump Considers Warsh Serving as Treasury Secretary—and Then Fed ChairGoldman

In a client note Deutsche Bank is cautioning against expectations for significant rate cuts by the Federal Reserve, citing robust economic growth and persistent inflationary pressures. While the bank’s baseline scenario envisions a 25-basis-point rate cut in December, it notes this is a “close call” and far from certain. Beyond that, Deutsche Bank anticipates an

Inflation target has allowed central bank to respond flexibly to shocksCentral bank’s main tools are policy rate, FX interventionsGlobal economy slowdown has hit Switzerland harder due to currency appreciationRecognises franc’s safe haven natureWill continue to ensure price stability Not really anything noteworthy there by Schlegel. For now, the SNB is still expected to cut its

Services PMI 50.0 vs 52.0 expected and 52.0 prior.Manufacturing PMI 48.6 vs 50.0 expected and 49.9 prior.Composite PMI 49.9 vs 51.8 expected and 51.8 prior. Key Findings: Flash UK PMI Composite Output Index(1) : 49.9 (Oct: 51.8). 13-month low. Flash UK Services PMI Business Activity Index (2) : 50.0 (Oct: 52.0). 13-month low. Flash UK

Prior 51.6Manufacturing PMI 45.2 vs 46.0 expectedPrior 46.0Composite PMI 48.1 vs 50.0 expectedPrior 50.0 The stark drop here is largely attributed to the decline in the services sector, in which activity fell to a 10-month low. However, manufacturing conditions also struggled with the contraction deepening amid a further decline in production on the month. As

Sector Overview The stock market is showcasing a mixed bag of performances today, characterized by a notable decline in communication services, while some tech giants experience pressure. Simultaneously, healthcare and consumer defensive sectors are displaying strength. 📉 Communication Services: This sector is seeing substantial declines, with Google (GOOG) facing a significant drop of 1.52%. Meta

The major US stock indices moved higher today with the Russell 2000 leading the way with a gain of 1.65%. The NASDAQ index lags with a small 0.03% rise for the day. The final numbers are showing: Dow industrial average +461.88 points or 1.06% at 43870.35.S&P index up 31.6 points or 0.53% at 5948.71.NASDAQ index

ECBs Villeroy is weighing in after weaker data today: ECB is achieving a soft landingNot behind the curve todayWill pay close atttention to risk of undershooting target, keeping economic activity unnecessarily subdued. This article was written by Greg Michalowski at www.forexlive.com.

The fight for US Treasury Secretary is thought to be coming to a conclusion with Kevin Warsh and Scott Bessent the betting favorite on Polymarket. However, Fox’s Gasparino has tweeted that Marc Rowan made a strong pitch for the post to Pres. Trump. Needless to say, the President would want to have someone who would

The futures are implying a mixed opening with 30 minutes to go until the opening bell Dow is up 19 pointsS&P index is down -4.21 pointsNASDAQ index is down -35.78 points Looking at the US debt market: 2-year 4.338%, -1.0 basis points5-year 4.282%, -2.2 basis points10-year 4.402%, -3.0 basis points30-year 4.593%, -2.7 basis points Looking

This is via Roger Wilkins, an economist at The University of Melbourne. A bleak picture indeed. This article was written by Eamonn Sheridan at www.forexlive.com.

Japan PM Ishiba says stimulus package will be around 39 trln yen state spending seen around 13.9 tln yenincreasing wages a top priority 39 tln yen is around 252bn USD NHK came about half way with their estimate: Japan’s economic package expected around 21.9 trillion yen This article was written by Eamonn Sheridan at www.forexlive.com.

Headlines: Euro slumps to near two-year low as PMI data disappointsEURUSD Technical Analysis – The Euro falls to the lowest level since 2022Poor French and German PMI data keeps ECB 50 bps rate cut in playStocks stumble in European morning tradeGold weathers the storm and looks to make it five for five in trading this

The AUDUSD opened the week below a swing area between 0.6471 and 0.6479. On Monday the price moved above that area and stayed above it for the rest the week. In trading today, the low price move down to test a low of that swing area but found willing sellers. The price has since rotated

Prior was 0.0%New Housing Price Index YoY 0.8% vs 0.2% prior. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Goldman Sachs: Sees upside risks to Brent prices in short term, with Brent rising to mid-$80s in 2025H1 if Iran supply drops 1mb/d on tighter sanctions enforcementSees medium-term price risks skewed to the downside given high spare capacityEstimates that Brent drops to the low $60s in 2026 in a 10% across-the-board tariff scenario or if

ECB Nagel is on the wires saying” PMI data confirm that Germany is stagnating and start of next year will be complicatedNeed to wait for next projections before discussing rate capsize.We are on the right track Nagel is considered more of a hawk. The EURUSD fell sharply earlier today off of the weaker than expected

Today is the Flash PMIs Day for the Eurozone, the UK and the US. We will also get the Canadian Retail Sales and the Final UMich Consumer Sentiment data although they are unlikely to be market moving. Eurozone Manufacturing PMI: 46.0 expected vs. 46.0 prior.Eurozone Services PMI: 51.6 expected vs. 51.6 prior.UK Manufacturing PMI: 50.0

Earlier today, I posted: USDCHF: The USDCHF held resistance at the 100-hour moving average yesterday (blue line on the chart below), and held support against its 200 hour moving average.Today in the early Asian hours, the price broke below the 200-hour moving average and continued down toward the next target at the 200-day moving average

A note from UBS highlights that despite stronger-than-expected UK inflation data and a recent rate cut by the Bank of England, market sentiment remains bearish on the British pound. The pound briefly spiked above $1.27 against the dollar after Wednesday’s robust CPI report, but gains were swiftly erased, reflecting broader dollar strength driving the GBP/USD

Wall Street Journal (gated) report: Trump has floated selecting financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell’s term as chair ends in 2026, according to people familiar with the matter.Trump was still weighing how he would approach the Fed

Japan inflation data October 2024, all figures are y/y. Headline national CPI 2.3% expected 2.2%, prior 2.5% CPI excluding Fresh Food & Energy 2.3% (often referred to as ‘core-core’ inflation, its the closest to US core inflation) expected Exp. 2.3%, prior 2.1% CPI excluding Fresh Food 2.3% (core inflation) expected Exp. 2.2%, prior 2.4% Yen

1230 GMT / 0730 US Eastern time: Speech by SNB’s Chairman of the Governing Board, Martin Schlegel, The SNB and its Watchers Carlos Lenz, Head of Economic Affairs, SNB is also speaking 1350 GMT / 0850 US Eastern time. This event, modeled after The ECB and Its Watchers, tries to bring together academics, market participants,

A note from Deutsche Bank analysts see them warning that a full-force implementation of the Trump administration’s economic agenda, without a counterbalancing response from Europe or China, could send the euro plunging against the U.S. dollar. EUR/USD could fall below parity, potentially reaching 0.95 or even lower. Under the most aggressive scenario, tariffs of 60%

Prior month 0.4%Retail sales for September x.x% vs 0.4% est.Ex Auto 0.9% vs 0.5% est. Prior month revised -0.8% from -0.7%Advanced retail sales estimate for October 0.7% Details: Retail sales increased 0.4% to $66.9 billion in September, with gains in six of nine subsectors, led by food and beverage retailers.Core retail sales (excluding gasoline, fuel

There is arguably just one to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.0500 level. However, just be wary that this comes after the daily break below the figure level yesterday but not for the first time in a long while though. We also got a

Prior +0.3%; revised to +0.1%Retail sales +2.4% vs +3.4% y/y expectedPrior +3.9%; revised to +3.2%Retail sales (ex autos, fuel) -0.9% vs -0.4% m/m expectedPrior +0.3%; revised to +0.1%Retail sales (ex autos, fuel) +2.0% vs +3.3% y/y expectedPrior +4.0%; revised to +3.2% UK retail sales slumped by more than expected last month, with a negative revision

Bowman speaking very late, but not, it appear, on monetary policy:2315 GMT / 1815 US Eastern time Federal Reserve Board Governor Michelle Bowman speaks on artificial intelligence before the 27th Annual Symposium on Building the Financial System of the 21st Century Bowman is not as dovish as some of her FOMC colleagues, having dissented at

Eurostoxx +0.6%Germany DAX +0.6%France CAC 40 +0.5%UK FTSE +0.6%Spain IBEX +0.4%Italy FTSE MIB +0.6% Overall, it has been a more sluggish week for European stocks but they’re looking to salvage things at least in the last two days. Major indices are sitting higher, helped by bids into value and small caps stocks in the US

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected

Novak had graduated from being Russia’s energy minister to deputy prime minister but he is still very much involved with OPEC+ matters. In the meeting today, he basically just reaffirmed the partnership between Russia and OPEC. Adding that: “Russia will continue to be a key player in the oil market, maintaining its status as a

German DAX futures +0.2%French CAC 40 futures +0.1%UK FTSE futures +0.4% This follows the more positive glow yesterday, with US stocks also carried by value and small caps. Tech shares are the ones seen more sluggish, failing to convince after Nvidia’s earnings on Wednesday. S&P 500 futures are also seen flat now with Nasdaq futures

This continues the technical predicament from last week: EUR/USD feels the inevitable pull towards 1.0500 next The drop yesterday was a notable one as we finally see EUR/USD crack below the 1.0500 mark. It has been a key technical support level to the downside, stretching all the way back to last year. In October 2023,

Capitalize, one of the leading proprietary trading firms, has announced their “One-Step Evaluation” program that allows easier access to trading opportunities than ever before. As part of this user-friendly process, traders can showcase their talent and get funding in just one single-stage evaluation, unlike their competitors’ lengthy and multilevel examination processes. By lowering or removing

Prior 49.2Manufacturing PMI 43.2 vs 44.5 expectedPrior 44.5Composite PMI 44.8 vs 48.3 expectedPrior 48.1 We all knew that the boost in August was largely a one-off due to the Olympics but since then, it’s been a stark decline for French business activity as a whole. The services sector is seen slumping hard in November with

The euro is sliding in European morning trade as poor PMI data from France and Germany is weighing on the mood in the single currency. The ECB has already highlighted their shift in focus towards the economy and the data today vindicates that. And if anything, it might just add to the case for them

Zircuit, the chain where innovation meets security, today announced its ZRC Token Launch on Monday, November 25th—a key step in building a thriving, decentralized ecosystem. ZRC serves as the foundation of Zircuit’s architecture, enabling participants to receive additional rewards, participate in network app fair launches, and drive its growth. As the ecosystem’s cornerstone, ZRC aligns

Equities have now taken a turn lower on the session with European indices seeing red for the most part now. The DAX is now down 0.5% and CAC 40 down 0.8% after the more positive start to the day here. Meanwhile, US futures have also dipped lower with S&P 500 futures down 0.4% on the

Money market pricing is now seeing roughly 35% odds of a 50 bps rate cut by the ECB for their December meeting. That is up from less than 20% before the French and German PMI data. Meanwhile, €STR futures are now implying a ~44% probability of a 50 bps rate cut. For some context, the

Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market awaits new catalysts to push into either direction. The market’s pricing remains mostly unchanged at three rate cuts by the end of 2025 for the Fed. Yesterday, we saw some strong bids in the greenback late in

The price of bitcoin is stretching to a new high of $98,508 – less than $1500 from the “BITCOIN 100K” hats and t-shirts from coming out . The price moved above $90,000 for the first time back on November 12 (10 days ago). That sounds amazing, but it only took two days for the price

Fundamental Overview Overall, we’ve seen a rangebound price action in the US Dollar this week as the market’s pricing remained largely unchanged at three rate cuts by the end of 2025 for the Fed. This morning, we saw some strong bids in the greenback due to the weak Eurozone PMIs as the flows there spilled

Flash PMI from Japan – manufacturing November 2024 Jibun Bank / S&P Global In summary from the report: Contraction Continues: Japanese private sector activity contracted for the second month in November, though the decline was less pronounced than in October (49.6).Services vs. Manufacturing: Service providers saw slight activity growth, while manufacturing output fell sharply, marking

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

The dollar held a bit more of a mixed mood since trading yesterday with EUR/USD falling to its lowest levels since October 2023, breaking below 1.0500, but USD/JPY eased further as it dipped back under the 155.00 mark. It is making for a trickier end to the week with broader markets also rallying for the

A Reuters poll is showing: RBNZ is to cut cash rate to 4.25% on November 27. The current rate is at 4.75%. 27 of 30 economists look for the 50 basis point cut. In 2025 the median forecast is for the central bank to cut rates by total of 100 basis points The NZD/USD pair

The price of crude oil is settling up $1.35 or 1.96% and $70.10. The high price today reached $70.38 while the low price was at $68.86. Geopolitical Tensions: Russia and Ukraine war remains a geopolitical risk for oil traders. Russia allegedly launched an intercontinental missile at Ukraine’s Dnipro following Ukraine’s first attack on Russian territory

Australia Judo Bank / S&P Global data. Mixed bag, up for manufacturing (6 month-high) and down for services (10 month-low). Overall negative though with all three in contraction (with the caveat that these are preliminary readings only). From the report, in brief: Lowest PMI Since January: November’s S&P Global Flash Australia PMI hit its lowest

A trade official in Singapore with the comments: Global economic uncertainties have increased, including over policies of the incoming U.S. administration.Singapore electronics cluster projected to continue to expand, supported by strong global semiconductor demand.Trade tariffs could renew inflationary pressures, which could disrupt the pace of monetary easing.Not ruling out that GDP growth could exceed 3.5%

The moves aren’t large, but just noting some USD strength coming in. Earlier in the session NZD/USD dropped but AUD remained little changed on the back of AUD/NZD buying. Not any more. AUD/USD is making session lows now below 0.6490. There is no fresh news. USD/JPY has made back all its earlier losses, around 154.55

The supposed correction/pullback in gold sure didn’t last long. Dip buyers look to have managed to pass their first test with flying colours. Last week, gold was still in danger as it ran down to test its 100-day moving average (red line). But that proved to be where buyers draw the line, with the precious

Prior -0.1% Upon the revision, the German economy is seen just growing marginally in Q3. That was still better than the first estimations of a possible technical recession. But the storm clouds are definitely brewing going into next year, not least with Trump tariffs looming large just over the horizon. This article was written by

The Reserve Bank of New Zealand embarked on its rate cutting cycle in August: August: The RBNZ reduced the Official Cash Rate (OCR) by 25 basis points, bringing it down to 5.25%. This marked the first rate cut since March 2020, signaling a shift from the previous tightening stance. October 2024: In response to a

People’s Bank of China official says: We will prevent the formation of one-sided expectations on the yuanWill keep the yuan basically stable at a reasonable and balanced level Yuan dropping against the surging US dollar: This article was written by Eamonn Sheridan at www.forexlive.com.

Citadel founder Griffin spoke in an interview with Bloomberg Television at the Economic Club of New York: In brief: have to put the fiscal house in order, warns on growth of national debtUS doesn’t have room for tax cuts, “There’s a real question about where do we need to raise taxes to start to put

Updating USD/JPY after the inflation data: Japan October headline CPI +2.3% (expected +2.2%, prior 2.5%) All three measures were above the bojj2% target, which keeps a December rate hike from the Bank on the simmer. Also yen supportive was: Japan PM Ishiba says stimulus package will be around 39 trln yen This article was written

Prepare Portfolios for Lower Rates, AI Boom, and Select Opportunities UBS is advising investors to align their strategies with expectations of falling interest rates, emerging investment opportunities in AI, and promising sectors such as real estate and resources. Rate Cuts on the Horizon UBS predicts major central banks will lower interest rates as inflation normalizes

Another packed agenda of European Central Bank speakers today. Times below are in GMT/US Eastern time format. Lagarde, Nagel and Schnabel the big hitters out of this lot. 0800/0300 Speech by ECB President Christine Lagarde, Bundesbank Chief Joachim Nagel and French Central Bank Governor Francois Villeroy de Galhau at the Frankfurt European Banking Congress0830/0330 Keynote

Survey on what to expect from the Bank of Japan conducted by Reuters In summary: Rate Hike Expected in December: 56% of economists expect the Bank of Japan (BOJ) to raise interest rates at its December meeting, driven by yen depreciation and improving economic conditions. Rate Projections: 90% of economists predict the BOJ will raise

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

Republican Senator Cynthia Lummis of Wyoming spoke with CNBC: “The proposal that I have and that President Trump has discussed [is] about a strategic bitcoin reserve” “This is the gold standard digital asset, and a strategic bitcoin reserve is the way to embed it””We have reserves at our 12 Federal Reserve banks, including gold certificates

Westpac revised their first cut forecast to May from February: Westpac revise its RBA forecast – see later but faster interest rate cuts Of Australia’s four biggest banks, National Australia Bank (NAB) are also tipping May. CBA and ANZ are both cautiously tipping a February rate cut from the Reserve Bank of Australia. The RBA

The US Securities and Exchange Commission announced on Thursday that its Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. More here. Gensler’s views on cryptocurrency regulation differ sharply from Trump’s. Trump was always going to fire him. Gensler with the : This article was written by

US stocks close higher on the dayReuters poll: RBNZ to cut cash rate to 4.25% on November 27Crude oil settles at $70.10Is today the day for Bitcoin 100K? Just $1500 away nowMore from Goolsbee: Feels like we are heading to 2% inflationMatt Gaetz withdraws name for Attorney General nominationFed’s Goolsbee: It may make sense to

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

The Bank of Japan next meet on December 18-19. Today’s CPI data from Japan is the final national reading ahead of that meeting. Bank of Japan Governor Ueda spoke yesterday, he didn’t give too much away on the ‘hike or no hike’ question at that meetings: BOJ governor Ueda: We don’t make comments on short-term

The USD/JPY pair moved lower during the morning U.S. session but found support at the rising 100-bar moving average on the 4-hour chart (see lower blue line on the chart above), where sellers turned into buyers, driving the price higher. Current Movement: The price is now testing the falling 100-hour moving average at 154.73.The 200-hour

Feel like we’re headed to 2% inflation.Neutral is a long way below where rates are now Fed relies on economic data that is forward-looking like inflation expectations, but will not speculate on effect of policies that are predicted but not in place Goolsbee is a dove. This article was written by Greg Michalowski at www.forexlive.com.

Reuters with the info. Chinese government advisers recommend a 2025 economic growth target of around 5%, despite challenges from U.S. tariff hikes and slowing global demand. Some advisers suggest lower targets of “above 4%” or a 4.5%-5% range.Maintaining a lofty target aligns with President Xi Jinping’s vision of doubling China’s economy by 2035. Advisers advocate

BOE Mann (hawk) says: BOE should hold rates longer to evaluate processesCan make larger changes when justified by evidenceWaiting for changing underlying inflation dynamics.I’m still saying a tremendous amount of persistence.100 basis points of cuts to aggressive for me This article was written by Greg Michalowski at www.forexlive.com.

This article was written by Greg Michalowski at www.forexlive.com.

It make sense for the Fed to slow the pace of interest rate cuts as central bank gets close to where rates will settleOver the next year, it feels like rates will end up a fair bit lower than where they are todayInflation is on its way down to 2%. Labor market is close to

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

Major European indices are closing higher on the day. The gains are led by the German DAX which rose by 0.75% and snapped a four day losing streak. A snapshot of the closing levels shows: German DAX, +142.67 points or 0.75% at 19147.46France’s CAC, +14.87 points or 0.21% at 7213.33.UK’s FTSE 100 +64.20 point toward

The NZDUSD fell sharply last week and in the process fell below a key support area between 0.5848 and 0.5859. That break failed and the price except back higher. In trading on Monday, the price fell back below that swing area for the second time, and for the second time the break failed. This time,

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This is generally a signal that the market is fine with the current pricing, and we would need stronger reasons

The EURUSD is breaking lower, and in the process has moved to a new 2024 low. The old low from last week at 1.04956 has been broken and now is close risk for short-term traders looking for more downside momentum. Stay below is more bearish. The low price has reached 1.0474 so far. The next

Following its global unveiling on the main stage of Binance’s Blockchain Week conference in Dubai, AI platform bitGPT is experiencing sizable growth across every vertical of the project, from active partnership conversations to the number of users currently testing its technology. bitGPT’s X and Telegram communities grew in size by more than 1,000% in the

🌟 Technology Sector: Nvidia’s Rise Steals the Spotlight The semiconductor sector is experiencing a robust recovery, led by a significant surge in Nvidia (NVDA), which is up 3.36%. This upward trend highlights renewed investor confidence in the tech industry, potentially driven by positive earnings or innovation news. Other semiconductor players, including AMD (+1.10%) and MU

The USDCAD is moving lower and in the process has broken below a cluster of technical levels including: Upward sloping trendline on the hourly char at 1.3958.100 bar moving average on the 4-hour chart at 1.39506The low of a swing area down to 1.3945. The downside targets come in at 1.3925, a swing area at

The Wall Street Journal (gated) with the report. Probably most interesting, for China, are moves to diversify supply chains away from the country: American businesses are dusting off a playbook they used during Trump’s first term: stocking up on imported goods before tariffs are enactedalso considering how to cope with the levies if and when

Trade tariffs likely to provoke a responseAnd a 25 bps rate cut in December is the right responseWe should cut every meeting until rates reach 2%The neutral rate on average is about 2%It’s too soon to say if ECB needs to go below neutral This article was written by Justin Low at www.forexlive.com.

Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store, setting a new standard in blockchain accessibility and user experience through its pioneering Chain Abstraction Protocol. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience

The GMT DAO, an independent community organization of GMT holders, is excited to announce the launch of the GMT Burn Initiative—an event designed to place the future of GMT firmly in the hands of its community. Through this initiative, GMT holders will vote on the decision to burn up to 600 million GMT, equivalent to

The major US stock indices opened higher, but are now trading lower as the sellers entered from the bell. The NASDAQ index opened higher by about 90 points but has since found sellers and trades down on the day. HMMMM Shares of Nvidia and Snowflake are trading higher after announcing earnings after the close. Nvidia

Nvidia, the world’s largest publicly traded company by market capitalisation, reported its Q3 earnings after the market close on Wednesday. The company posted impressive growth, surpassing expectations for both sales and earnings while also offering better-than-expected guidance for the current quarter. However, some investors weren’t particularly happy with the report, leading to a dip in

ECBs Holzmann is speaking and says: Warnings of undershooting 2% are not warrantedPolicy need to say restrictive amid price risks.In December, a cut is most likely outcome but is not certain. There have been recent comments suggesting fears that inflation might be lower than expectations and move below the 2% target. Holzmann fights back. The

OPEC+ is scheduled to meet on December 1. Reuters (out overnight) cite unnamed sources for info: It may push back output increases when it meets on Dec. 1 due to weak global oil demandaccording to three OPEC+ sources familiar with the discussionsMinisters last shelved the increase for a month when they met virtually on Nov.

There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD at the 1.0500 and 1.0515 levels. And alongside key technical resistance on the weekly chart at the 1.0500 mark itself, that should provide a floor for price action in the session ahead. Keep in

If inflation stays above target, have to be careful when going about reducing ratesBut if unemployment accelerates, it makes the case to be more forward-leaningUpcoming decisions will depend on the dataThe economy right now is “quite prosperous”Recent policy moves can be described as a “recalibration”Questions on the pace of further reductions would be more relevant

There is a shift out of the different major indices today. The Dow industrial average and the Russell 2000 are both trading higher. The rotor S&P and NASDAQ index are trading lower with the NASDAQ index now down over -1.0% leading the way to the downside. A snapshot of the market currently shows: Dow industrial

US initial jobless claims came in stronger than expectations, but continuing claims were higher. The Philadelphia Fed business index fell more than expected of -5.5 versus 8.0 estimate. Yields in the US have moved modestly lower with the two year now down -0.8 basis points and the tenure down -1.6 basis points. In the premarket

Prior week 217K (revised to 219K)Initial jobless claims 213K vs 220K estimate4-week moving average initial jobless claims 217K vs 221K priorContinuing Claims 1.908M vs 1.873M estimatePrior week of continuing claims 1.873M (revised to 1.872M)4-week moving average of continueing claims 1.879M vs 1.874M prior The largest increases in initial claims for the week ending November 9

Fundamental Overview Crude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future scenarios. On one hand, we have the Trump’s victory which might be seen as bearish due to increased supply and for fear of the tariffs and a slowdown in global

Prior 10.3Fed Business index -5.5 vs 8.0 estimate6 month index 56.6 versus 36.7 last monthCapital expenditures 24.9 versus 23.5 last monthemployment 8.6 versus -2.2 last month.Prices paid 26.6 versus 29.7 last month.New orders 8.9 versus 14.2 last month This article was written by Greg Michalowski at www.forexlive.com.

Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One day the leading index will foreshadow a recession or negative growth. This article was written by Greg Michalowski at www.forexlive.com.

Nvidia will announce its earnings after the close today. Sharea are lower today with the price trading down about -$3.00 or -2.10%. at $144.00. The all-time high closing level is at $148.88. What are the expectations? Earnings Expectations Adjusted quarterly earnings: $0.74 per share versus $0.40 last year (85% YoY increase) Revenue: $33.2 billion versus

Prior month Year on year -1.0%PPI MoM 1.2% versus -0.8% last month. The gain comes after 2-months of declines. The rise was the largest since April 2024. PPI YoY 1.1% versus -1.0% last monthRaw material price MoM was 3.8% versus -3.2% last monthRaw material prices YoY -2.8% versus -8.8% last month Details for IPPI: The

Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change +3.4% versus -1.3% last month (revisor -1.0%Up 2.9% from October last year30 year mortgage 7.05% which is up from 6% at September lowsInventories 4.2 months which is still low. That is down from 4.3% last month, but up from 3.6 months a year

S&P 500 futures are now up 0.2% while Nasdaq futures have pared earlier losses to be up 0.1%. Meanwhile, Dow futures are seen up 0.3% on the day currently. In Asia and large periods of European morning trade, investors remained cautious after Nvidia’s earnings release overnight. The revenue figures were a beat but other details

IC Markets Global is proud to announce the renewal of its partnership with World Table Tennis (WTT), reaffirming its role as the Official CFD Trading Partner for the 2024-2025 season. This collaboration underscores shared values of precision, speed, and excellence, further strengthening the bond between one of the world’s largest CFD brokers and the global

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This is generally a signal that the market is fine with the current pricing, and we would need stronger reasons

German DAX futures +0.5%UK FTSE futures +0.4% This comes after the Dow posted gains yesterday while tech shares were more cautious. And the latter are still keeping that way after Nvidia’s earnings release after the close overnight. The chip giant saw record high revenue amid strong AI demand but their guidance underwhelmed expectations. And that’s

AIntivirus, a global initiative aimed at combating systemic corruption and promoting transparency, launches with a message rooted in the enduring legacy of John McAfee. The project, inspired by McAfee’s outspoken stance on accountability and digital security, seeks to create a more equitable and secure digital environment. A Legacy Rekindled John McAfee, a polarizing figure renowned

Federal Reserve speakers Thursday include Hammack, Goolsbee, BarrICYMI – OPEC+ could further extend voluntary cuts at its December meetingChinese government advisers call for steady 5% 2025 economic growth goal, strongr stimulusThere are at least 10 European Central Bank officials speaking on ThursdayU.S. Department of Justice asks judge to force Google to sell off Chrome internet

As the North American session begins, the dollar is mixed. The USDJPY is lower (lower USD) by about 0.60% and is the biggest mover on the day. The EURUSD is also lower (higher USD) after a try higher stalled ahead of 100-hour MA resistance target. The GBPUSD is also lower (higher USD). The DXY dollar

DegenLayer, a newly launched memecoin focused blockchain & trading terminal app suite, has announced its testnet release, marking a key step toward its upcoming mainnet launch. The platform aims to facilitate zero setup memecoin trading and creation, leveraging the $20 billion liquidity within the Optimism Superchain ecosystem. The project’s developers project daily revenues of $1

Below you’ll find who is on the schedule. Times are GMT/US Eastern time format. Apart from these 10 be wary of a few popping up unannounced in various media interviews and what have you. 0525/0025 Bank of France Governor Francois Villeroy de Galhau speaks at Paris Europlus Financial Forum 2024 in Tokyo0830/0330 Welcome remarks by

Headlines: USD/JPY sticks with the push and pull mood on the weekUS futures pare losses ahead of the open laterGold Technical Analysis – New highs as rate cuts repricing pausesFed’s Barkin says does not want to prejudge December meetingFed’s Williams: The disinflationary process will continueECB’s Stournaras vouches for a 25 bps rate cut in DecemberECB’s

Adj. EPS 0.81 (expected 0.75) Revenue 35.08bn (exp 33.12bn) Adj. gross margin 75% (expected 75%) Adj. operating expenses 3.05bln (expected 2.99bn) Adj. operating income 23.28bn (expected 21.9bn) Data centre revenue $30.8bn vs (expected $29bn) Q4 Revenue Guidance $37.5bn (expected $37bn) Q4 adj gross margin 73 to 74% (expected 73.5%) /*/*- —- For previous results, expectations

Eurostoxx flatGermany DAX +0.2%France CAC 40 -0.1%UK FTSE +0.3%Spain IBEX +0.2%Italy FTSE MIB -0.2% The overall market mood is rather tentative now with US futures also sitting marginally lower. S&P 500 futures are down 0.2% with Nasdaq futures down 0.4% but that owes more to tech sentiment feeling more sluggish after Nvidia’s earnings release. The

This is but another sign that perhaps things are starting to change in Japan with the BOJ looking to hold interest rates at a higher level amid their recent policy shift. Nippon Life Insurance is now reportedly set to raise the expected interest rates for its annuities and whole life insurance for the first time

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

U.S. authorities allege Chairman Gautam Adani and seven others paid $265 million in bribes to Indian government officials. Adani Group has not commented on the allegations as yet. The price of Adani dollar bonds fell in early Asia trade. Reuters reports Adani Ports and Special Economic Zone: Bonds maturing in August 2027 fell over five

The missile was reportedly fired from Astrakhan and targeted critical infrastructure in the central Ukrainian city of Dnipro. The city was also hit by other strikes involving several cruise missiles and a medium range ballistic missile. Going back to the ICBM, it would be the first that such a long range weapon has been used

Fed’s Bowman adds: It’s concerning we are recalibrating policy without reaching inflation goalsFed needs to be flexibleEven when we bring inflation down, prices are still more expensive.We need to be patient and cautious about what immigration policy approach may actually be.US needs policies that will facilitate people to be able to work across the country.

Approach to rate cuts must be gradualBut if December projections confirm baseline scenario, there will be room to cut rates This article was written by Justin Low at www.forexlive.com.

The USDJPY, GBPUSD and the USDCHF have each seen up and down action today. For the USDJPY and GBPUSD, the price action traded above and below the 100 hour MA. Both also used that MA as either support (for the USDJPY) or resistance (for the GBPUSD). That helps to increase the MAs importance going forward

Labour market is now in balance, not providing upward pressure on inflationWants to see inflation coming down to 2% and staying around that level amid solid labour marketDon’t see any signs of a recession in the dataIt is pretty clear that monetary policy is restrictive todayThat is why it is “very appropriate” to cut rates

The price action in the pair has been rather up and down on the week, with levels now returning back to the weekly pivot around 154.21. Earlier in the day, USD/JPY was trading around 155.15 in the handover from Asia to Europe. So, we’re roughly 100 pips down from there currently. There’s no real catalyst

UK industrial orders improved slightly on the month but remains weak overall, with output in the last three months slumping further to a -12 reading – down from -6 in the three months to October. But at least output expectations are seen improving, with the index up to 9 on the month, compared to -1

Reports out of New Zealand today that New Zealand Treasury plans to revise economic and fiscal forecasts due to a sustained slowdown in productivity. In brief: Economic recovery, previously expected in late 2024, is now anticipated to begin later, according to Chief Economic Adviser Dominick Stephens.Slower economic growth is reducing tax revenue, increasing challenges for

US politics website POLITICO with the report. Trump plans to revive the Keystone XL oil pipeline on his first day back in the White House. The yoyo ride so far: The Keystone XL pipeline’s U.S.-Canada border permit was rejected by President Obama in 2015, approved by Trump in 2017, and revoked by Biden (the most-bullish

Fundamental Overview Gold continues to make new highs as the correction from the repricing of the rate cuts ended last week. In fact, if you recall, despite the higher-than-expected inflation figures and a less dovish Powell, the market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This is generally a

Financial industry to undergo even more transformation with the recent rise of generative AIA regulatory and supervisory framework that adapts to technological advancements is essentialNeed to build on insights gained from exports to fully benefit from new technologyBut technological advancements bring new risks to financial stabilityAs financial services grow more diverse and complex, the channels

There is still a month to go until the next policy meeting, there will be more information available by thenWe decide monetary policy meeting by meeting on the basis of information that becomes available up to the meeting itselfNeed to take into account FX movements in forming our economic and inflation outlook, including what’s causing

Taiwan’s economy minister says that TSMC is expected to construct one new fabrication facility annually in Taiwan over the next decade. added that Taiwan needed to ensure adequate power and water resources to support these facilities, Also, said that TSMC’s fabs in Kaohsiung, southern Taiwan, are “ready to go” likely indicating that the necessary power

Today we have another empty European session in terms of data releases. In the American session, we get the latest US Jobless Claims figures and the Philly Fed Manufacturing PMI. We will also hear from many central bank speakers throughout the day. 13:30 GMT/08:30 ET – US Jobless Claims The US Jobless Claims continues to

BOJ Governor Kazuo Ueda due to speak at the Paris EUROPLACE Tokyo International Financial Forum, in Tokyo. I haven’t been able to dig up anything on this. Ueda spoke earlier this week: Bank of Japan Governor Ueda says economy recovering moderately, some weak signsUSD/JPY volatile on Bank of Japan Governor Ueda speechBank Japan Gov Ueda

Victory against inflation is in sight in EuropeInflation could be sustainably at 2% in early 2025Trump tariffs not expected to significantly alter inflation outlook in EuropeShould continue to reduce degree of monetary policy restrictionPace of reduction must be determined by agile pragmatismWe must maintain full optionality for upcoming meetings It is interesting to see Villeroy

Federal Reserve Bank of Boston President Susan Collins with more: Balance sheet policy most useful in unusual conditionsToo soon for Fed to factor in impact of election on its work … “I don’t actually try to get out ahead” of the election and how it may have changed the landscape, adding “when we have details

Rate cuts by year-end Fed: 14 bps (55% probability of rate cut at the upcoming meeting) 2025: 74 bps ECB: 31 bps (74% probability of 25 bps rate cut at the upcoming meeting) 2025: 137 bps BoE: 4 bps (85% probability of no change at the upcoming meeting) 2025: 66 bps BoC: 29 bps (85%

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected

Deutsche Bank analysts are careful of a ‘significant correction’ for US equities. Turning points can happen quickly When valuations are stretched to start with, there can be limited scope for further gains Examples of high returns through history have often been followed by sizeable reversals DB note that the CAPE ratio for the S&P 500

Catching up on this from Bank of America Securites. Analysts there are bullish on the US economy, seeing resilience, added signs of growth in productivity: thus see higher economic growthsee high-for-longer interest rates, forecast a higher Fed terminal rate at 4%. BoA are wary of uncertainty around the incoming Trump administration. The analysts assess that

Prior 97Services confidencePrior 101Manufacturing confidencePrior 92 This article was written by Justin Low at www.forexlive.com.

UBS analysts continue to highlight gold and oil as strategic hedges against the prevailing macroeconomic and geopolitical environment, forecasting notable price increases for both commodities in the coming years. The bank projects gold prices to reach $2,900 per ounce by September 2025, driven by a confluence of factors, including expectations of lower interest rates, uncertainty

The heads up on this yesterday: More on US DoJ to ask judge to force Google to sell off Chrome Happening now, Headlines via Reuters citing court filings The U.S. Justice Department proposes remedies in Google search monopoly case.DOJ asks judge to make Google divest Chrome browser.Google should not be allowed to reenter browser market

1345/0845 Federal Reserve Bank of Cleveland President Beth Hammack gives welcome remarks before the 2024 Financial Stability Conference: Emerging Risks in a Time of Interconnectedness and Innovation, hosted by the Cleveland Fed and the Office of Financial Research 1725/1225 Federal Reserve Bank of Chicago President Austan Goolsbee participates in moderated question-and-answer session before the Central

Nvidia shares responded to Q3 results with a drop. There are more narratives surrounding the small share price drop than grains of sand on a beach. Forexample: slight decline sequentially on gross margins revenue forecast failed to meet the highest expectationsguidance not as good as it coulda been Whatever. BTFD has served well, remember that.

South Korean trade data for the first 20 days of the month is encouraging for exports: +5.8% y/y vs. a -0.2% for October (full month) Not so much for imports: -1.0% y/y Morgan Stanely noted risks for SK from the new incoming US admin: “Supply chains would face significant rewiring pressures, and the disruption faced

1400 GMT/0900 US Eastern time: Bank of England Monetary Policy Member Catherine Mann fireside chat with private investment firm Brown Brothers Harriman Mann has spoken recently: BoE’s Mann: Forward-looking indicators raising the risk of inflation persistenceBOE’s Mann: I describe myself as an ‘activist’ rather than a ‘gradualist’ on ratesBOE’s Mann: Inflation has definitely not been

Reuters published its Fed survey overnight. In summary from the report: December Rate Cut Likely: Nearly 90% of economists (94 out of 106) expect a 25bps cut in December, bringing the fed funds rate to 4.25%-4.50%.Market pricing shows less than a 60% chance of a December cut, reflecting uncertainty. 2025 Rate Cuts to be Shallower:

1730 GMT/1230 US Eastern time: Speech by member of the board of the Swiss National Bank Petra Tschudin and Thomas Moser, “The Swiss Repo Market: 25 Years of Success for the Financial Centre and the National Bank”, Money Market Event Petra Tschudin is the a member of the Governing Board of the Swiss National Bank

Westpac were forecasting a February 2025 rate cut but have pushed that out to May 2025. In brief: We have revised our view of the most likely scenario for the path of the RBA’s cash rate, pushing out the start date of the rate-cutting cycle from February to May. Similar to the pattern in some

The US treasury will sell… well auction…. $16 billion of 20 year bonds at the top of the hour. The six-month averages of the major components shows: Bid to cover 2.60XTail 0.1 bpsDirects (domestic demand): 17.2%Indirects (international demand): 71.6%Dealers: 11.2% This article was written by Greg Michalowski at www.forexlive.com.

That’s around 141bn USD. Earlier this week Japanese Economic Revitalisation Minister Akazawa empasized that its crucial the p[package contains measures to boost wages. This article was written by Eamonn Sheridan at www.forexlive.com.

Crude oil futures are settling at $68.87. That is down $0.52 or -0.75%. The weekly EIA inventory data today showed: Crude oil inventories build of 0.545Mvs build 0.138M estimate. Prior week +2.089 millionGasoline inventories build of 2.054M vs build 0.859M estimate. Prior week -4.407MDistillate inventories drawdown of -0.114M vs drawdown -0.020M estimate. Prior week -1.394MCushing

ECBs Stournaras is speaking and says: ECB policy has tamed inflationSees inflation converted to 2% by start of 2025ECB may increasingly need to avoid inflation undershootRates will stay restrictive for some timeDownside risks to Eurozone growth remain This article was written by Greg Michalowski at www.forexlive.com.

Fed’s Collins looks to be on the fence re a December interest rate cutLate day rally pushes Dow and S&P up. Nasdaq lower but well off lowsECBs Stournaras: ECB policy has tamed inflationCrude oil futures settled at $68.87US treasury sells $16 million of 20 year bond the high yield of 4.680%More from Bowman:It’s concerning we’re

The calendar has Bank of Japan Governor Ueda speaking at 0510 GMT, which is 0010 US Eastern time. Ueda spoke earlier this week … nothing could stop him! Bank of Japan Governor Ueda says economy recovering moderately, some weak signsUSD/JPY volatile on Bank of Japan Governor Ueda speechBank Japan Gov Ueda – Driver of Japan’s

Nasdaq launched options trading for BlackRock’s iShares Bitcoin Trust (IBIT) on Tuesday. MarketWatch (gated) with the rundown, in brief: First-day trading included: 70 million call options expiring in 2026 at a $100 strike price (equivalent to a $174,000 bitcoin price … n IBIT price at $100 corresponds to a bitcoin price of roughly $174,000). 30

Federal Reserve Bank of Boston President Susan Collins: Some additional rate cuts needed as policy still restrictive.Doesn’t want to cut rates too quickly.Overly slow rate cuts could hurt labor market.Final destination of rate cuts is unclear.Monetary policy well positioned for economic outlook.Monetary policy not on a preset course.Fed policy decisions to be done meeting-by-meeting.Any further

Buying into the US close, sent the Dow industrial average into positive territory. The S&P index is closing unchanged. The NASDAQ index is still closing down on the day but well off its lows. At session lows the NASDAQ was down -263.08 points andIs closing the day down only 28 points. A snapshot of the

US treasury sell $16 billion of 20 bonds a high yield of 4.68%: High yield 4.68% WI level at the time of the auction 4.65%.Tail 3.0 basis points versus the six-month averages 0.1 basis pointsDirects (domestic buyers) 7.9% versus six with average of 17.2%Indirects 69.5% versus six-month average of 71.6%Dealers 22.6% vs six with average

CIO of Hayman Capital Management Kyle Bass on what he sees as the implication of China cutting internet cables. Referring to this from earlier: ICYMI – Chinese vessel spotted where Baltic Sea cables were severed This article was written by Eamonn Sheridan at www.forexlive.com.

Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. FDUSD is the second multi-billion dollar market cap stablecoin to natively integrate with Sui in recent months, strengthening FDUSD’s position as

Today, the only highlight was the UK CPI report which came in higher than expected. That will likely see the probabilities for a cut in December evaporate almost completely although it shouldn’t change much in the bigger picture. Overall, the markets continue to consolidate waiting for new catalysts. Unfortunately, this week is pretty empty in

The EURUSD moved to a new high for the week in the early trading hours from the Asian Pacific market, but found willing sellers against topside resistance near 1.06097. That was the high of a swing area between 1.06005 and 1.06097. The price also stayed below its falling 200-hour moving average. That moving average is

Eurostoxx +0.5%Germany DAX +0.6%France CAC 40 +0.5%UK FTSE flatSpain IBEX +0.5%Italy FTSE MIB +0.5% This comes with US futures also in a better mood. S&P 500 futures are seen up 0.2% currently. For equities though, the overall mood now largely rests on Nvidia’s shoulders. The chip giant will be reporting earnings after the close today,

Fed’s Michelle Bowman is speaking and says: U.S. Central Bank should pursue a cautious approach on monetary policy.Fed may be closer to neutral policy than policymakers currently think; inflation remains a concern.Her estimate of neutral policy rate is much higher than before COVID pandemic.Says she agreed to support November Fed rate cut as it aligns

China 2024 GDP growth seen at 4.8%, 2025 GDP growth seen at 4.5% (unchanged from Oct poll)Trump expected to impose 38% tariffs on Chinese goods early next yearProposed tariffs may cut China’s 2025 GDP growth by around 0.5% to 0.9%China likely to roll out more stimulus measures to counter Trump tariffs On the final point,

Fed’s Cook is speaking on the economy and monetary policy and says: If labor market and inflation evolve as expected, would be appropriate to continue lowering policy rate towards neutral.If inflation progress slows with job market still solid, could see a scenario for pausing.Totality of data suggests disinflation still underway with labor market gradually cooling.Cuts

The US Chips Act was a bipartisan supported legislation designed to incentivize the building of chip manufacturing in the US. TSMC and Intel have been some of the key beneficiaries and as such each are building new facilities for manufacturing. The awarding of $1.5 billion to global foundry’s seems to be part of that chips

Fundamental Overview Last week, we got a pullback in the Nasdaq as the higher-than-expected inflation readings and a less dovish Powell weighed a bit on the market. Despite the recent events though, the market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market

The weekly EIA inventory data shows: Crude oil inventories build of 0.545Mvs build 0.138M estimate. Prior week +2.089 millionGasoline inventories build of 2.054M vs build 0.859M estimate. Prior week -4.407MDistillate inventories drawdown of -0.114M vs drawdown -0.020M estimate. Prior week -1.394MCushing inventories drawdown of -0.140M vs. drawdown -0.688M last week. The private inventory data released

More from Fed Gov. Cook: This moment could be incredibly important if productivity has shifted higher.Productivity is such a long run, stable trend, that exceeding it is very hard to do.Possible even that the US is underestimating the productivity gains from AI. This article was written by Greg Michalowski at www.forexlive.com.

More from BOE’s Ramsden: October CPI data only marginally above BOE’s forecastA very small miss. on one months inflation forecast doesn’t change my assessment of the outlook This article was written by Greg Michalowski at www.forexlive.com.

Reuters with this interesting piece: Britain’s official labour market statistics may be failing to count almost 1 million people who are in workmight also be overestimating the number of workers who have dropped out of the jobs marketthink tank data closely tracked official employment numbers until 2020. Since then it has diverged sharply. Poor data

This is via the folks at eFX. ** Synopsis: Barclays remains optimistic on GBP, forecasting a rise in GBP/USD to 1.30 and a decline in EUR/GBP to 0.80 over the coming quarters. The outlook is supported by structural improvements, fiscal expansion, and relative resilience to tariff risks. Key Points: Structural Improvements: Closer EU-UK ties provide

As a heads up the private (API) survey released Tuesday afternoon showed a much bigger build than was exp[ected: Oil – private survey of inventory shows a large headline crude oil build vs expectations Coming up at 1030 US Eastern time (1530 GMT) is the data from the U.S. Energy Information Administration (EIA). The EIA

BOE’s Ramsden is speaking on the economy and says: The economy will continue to normalize, with the recent trend towards low and relatively stable inflation continuing.It is as least as likely that the disinflationary process sustains it’s recent trendThis would imply a scenario in which inflation stays closer to the 2% target throughout the first

The major European indices are closing lower. The German DAX and Italy’s FTSE MIB is on a four-day losing streak. German DAX, -0.31%France’s CAC, -0.43%UK’s FTSE 100 -0.17%Spain’s Ibex unchangedItaly’s FTSE MIB -0.29% Looking at European benchmark 10 year yields: Germany 2.345%, unchangedFrance 3.097%, +1.1 basis pointsUK 4.473%, +2.6 basis pointsSpain 3.055%, +0.3 basis pointsItaly

Fed vice chair Michael Barr is to testify Capitol Hill shortly. He is in charge of supervision on the Federal Reserve Board and as such is testimony is likely to be not on monetary policy or the economy per se more on regulation and supervision. Meanwhile stocks are moving lower with the NASDAQ index down

The NASDAQ index continues to fall. In premarket trading at the start of the US session, the index was up around 50 points. The current price is down -246 points or -1.29% at 18743.80. The low price reached 18724.39. Looking at the hourly chart, the price is approaching its 200 hour moving average at 18675.91.

Via an RBC Wealth Management note, says despite the trend higher in the US 10 year Treasury yield stocks have further upside. investors and the media focus on the implications of the US election and cabinet postingswe continue to view the trend in the US 10-year yield and US dollar as the more important macro

The major US stock indices are little changed in premarket trading. Earlier higher gains have been eroded ahead of the opening bell in around 14 minutes. Dow industrial average up 53 pointsS&P index up 0.77 pointsNASDAQ index +6.5 points Comcast is to spin off its cable networks. Shares of the company are up $0.28 or

The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458 and 1.39581. Support buyers leaned against that area (the 100 bar moving average of the 4-hour chart was also in that area), and has pushed the price higher in trading today. That move to the

A note from TD argues that U.S. debt levels are poised to surge, raising long-term concerns for Treasury markets. TD analysts say that the U.S. federal government’s structural deficits are projected to drive its debt-to-GDP ratio to 100% in 2024 and 122% by 2034. This steep rise translates to an estimated $22 trillion—or 85%—increase in

1130 GMT/0430 US Eastern time – Bank of Spain governor, José Luis Escriva, to speak about the economic impact of last month deadly floods in eastern region of Valencia 1300 GMT/0800 US Eastern time – Welcome address by ECB President Christine Lagarde at ECB conference on financial stability and macroprudential policy 2024 in Frankfurt, Germany

Bitcoin moved to a another new record high at $94,852. The move to the upside extended above the high price from yesterday at $94,057. That high extended above the high price going back to November 13 at $93,483. Those levels are now close support (yellow area on the chart above). Looking at the hourly chart,

Prior +1.7%Core CPI +3.3% vs +3.1% y/y expectedPrior +3.2% On the month itself, consumer prices were seen up 0.6% and core prices were seen up 0.4%. Both were seen just above estimates of 0.5% and 0.3% respectively. But the emphasis remains on core annual inflation, which came in higher than expected and also above the

Federal Reserve speeches on Wednesday from Cook, Collins, Barr, BowmanBarclays forecast GBP/USD to 1.30 and EUR/GBP to 0.80 over the coming quartersKyle Bass says China setting up for a Taiwan invasionChinese mutual fund houses cutting exchange-traded fund (ETF) feesJapan’s exports in October rebounded from a 43-month low – recapEuropean Central Bank President Lagarde speaking Wednesday

Sector Overview Today’s US stock market reflected a mixed performance across different sectors. The technology sector is showing nuanced trends, with Microsoft (MSFT) dipping slightly by 0.50%, suggesting a tightening on tech valuations. However, Oracle (ORCL) stands out, gaining 0.62% amid growing interest in software infrastructure advancements. The semiconductor sector remains under pressure, with major

Prior +0.5%Market index 195.6 vs 192.4 priorPurchase index 136.0 vs 133.3 priorRefinance index 514.9 vs 506.0 prior30-year mortgage rate 6.90% vs 6.86% prior Despite a continued rise in the average home loan rate, mortgage applications steadied in the past week with both purchases and refinancing activity showing a bounce. It’s only a bit of a

To start the US session , the USDJPY is the biggest movers as it bounced back to the upside extending back above technical levels in the process. The pair is up 0.66% to start the US trading session. Yields are moving higher helping the pair with the 10 year up about 4.5 basis points at

A note from Nomura argues that: Asia is better prepared for Trump’s second presidency, but a larger economic growth drag and disinflation now look more likely in 2025. Main points: Higher tariffs, weaker global demand and more policy uncertainty are set to weigh on Asia’s economic growth. Disinflation is a bigger risk for Asia, given

Ford is announcing they will cut 4000 jobs primarily in Germany and the UK. They blame week EV sales and also lack of government support and increasing competition. Shares of Ford are trading your unchanged at $11.05 in premarket trading. The last few days has seen the price test the 100 day moving average at

JP Morgan US economic outlook for next year, in breif There are now upside risks to growth from deregulation and tax cutting and downside risks from tariffs and general policy uncertaintyBut one shouldn’t lose sight of the business cycle, which has been performing wellWe look for only a mild downshift in growth in 2025 to

The broader US stock indices are trading lower to start the new trading day: S&P index -9.50 points or -0.16% at 5907NASDAQ index -45 points or -0.26% at 18937.50Dow industrial average up two points or 0.01% at 48274 Russell 2000 -5.87 points or -0.25% at 2318.91 Shares of Nvidia trading down $1.50 or -1.03% at

The data from earlier in the session is here: Japan October trade balance -461bn yen (expected -360bn yen) Exports rose 3.1% y/y in October, beating expectations of a 2.2% rise and a reversal from the -1.7% fall seen in September. September marked a 43-month low. Exports were led by a pick-up in chip equipment demand

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

The broader US stock indices led by the NASDAQ index closed higher. The Dow industrial average meanwhile fell. The final numbers are showing: S&P index +23.36 points or 0.40% at 5916.98NASDAQ index rose 195.66 points or 1.04% at 18987.47Russell 2000 rose 18.48 points or 0.80% at 2324.82 Dow industrial average felt -120.66 points or -0.28%

Headlines: Dollar holds firmer in European morning tradeUSDJPY Technical Analysis – The JPY remains the weakest among the majorsS&P 500 Technical Analysis – The path of least resistance remains to the upsideECB’s de Guindos: Current low growth environment has more to do with structural policyECB sounds warning on “bubble” in AI stocks in latest financial

Prior -0.5% Producer prices were seen up compared to the previous month but year-on-year, remain down by 1.1%. Looking at the details, there were increases in the price for capital goods (+0.2%), consumer goods (+0.2%), and durable goods (+0.2%). This is offset slightly by a decline in prices for intermediate goods (-0.3%). This article was

Economic growth remains fragileConcerns about global trade outlook add to geopolitical and policy uncertaintyHigh valuations and risk concentration make markets more susceptible to sudden correctionsThis concentration among a few large firms raises concerns over the possibility of an AI-related asset price bubbleGiven low liquid asset holdings, cash shortages could result in forced asset sales that

US broader indices close higher. Dow industrial average moves lower.Nvidia to announce earnings after the close tomorrowCrude oil futures settled at $69.39Bitcoin trades to a new all-time highMore from KC Fed Pres. Schmid: Rates are still somewhat restrictiveKC Fed Pres. Schmid: Remains to be seen how far interest rates may fallEuropean shares close lower but

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need stronger

The Financial Times have a (gated) report on this: Via an ungated report: Danish authorities appear to have narrowed down a possible culprit to Chinese bulker Yi Peng 3, which traveled over the reported incident site at the time of the failure. Its AIS track shows the vessel drifting back and forth for around an

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

Treasurer Jim Chalmers has delivered his Ministeral Statement on the Economy. In summary Chalmers pointed to Australia facing a more challenging fiscal outlook as key trading partner China cools and the local job market loosens tumbling iron ore prices and a softening labour market have hit government revenueleaving a “sliver” of the revenue windfalls that

Cook and Collins look likely to be the most pertinent for traders: Times below are in GMT_US Eastern time format: 1500_ 000 Federal Reserve Vice Chair for Supervision Michael Barr testifies on oversight of prudential regulators before the Housee Financial Services Committee Barr spoke Tuesday, without comment on the economy or monetary policy Expect the

Via oilprice dot com on Twitter: — Expectations for change I had seen centred on: Headline crude +0.1 mn barrelsDistillates 0 (zero) mn bblsGasoline +0.9 mn — This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities and companiesThe official report is due Wednesday

Trump is still still pondering his choice to be Treasury Secretary. Former Federal Reserve Governor Kevin Warsh looks to be the the favorite in the betting market. Warsh has been critical of both government spending and the Fed’s response to inflation. He wrote in a Wall Street Journal (may be gated) piece mid-year: Interest Rates

Proprietary (prop) trading as a concept has experienced a huge surge in popularity over recent years, developing into an established way of trading for many across the world, while ushering in a new era in terms of how trades are conducted. For the many companies now operating within the sector, prop traders are typically expected

Coindesk reporting: The Trump transition team is considering Teresa Goody Guillén, partner at law firm BakerHostetler and co-lead of its blockchain team, among several candidates to become the next SEC chair, industry sources said. Goody Guillén is a seasoned securities lawyer with experience serving the SEC and opposing the agency on behalf of blockchain companies

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need stronger

That’s a bit problematic for the ECB as pay growth is seen accelerating once again. That is unlikely to put off a December rate cut though as the wages data here hasn’t really translated to any significant reacceleration in consumer prices. So, the hope for policymakers is that wage pressures should fade going into next

Fundamental Overview The US Dollar continues to consolidate despite the higher-than-expected inflation figures and a less dovish Powell last week. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need stronger

Bloomberg (gated) with the info – in brief: Chinese mutual fund companies, including China Asset Management Co. and E Fund Management Co., are cutting management fees on equity ETFs from 0.5% to 0.15% and halving custodian fees to 0.05%. The fee cuts align with calls from Chinese authorities to support the stock market Bloomberg analyst

Fundamental Overview Last week, we got a pullback in the S&P 500 as the higher than expected inflation readings and a less dovish Powell weighed a bit on the market. Despite the recent events though, the market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal

Monetary policy is not almighty They have never been shy on making sure that lawmakers should shoulder some of the blame on this, and rightfully so. This article was written by Justin Low at www.forexlive.com.

The PBOC’s Loan Prime Rate (LPR) will be set today, both 1- and 5-year. The TL;DR is that no change in rates is expected. Currently the one-year LPR is at 3.1%, while the five-year rate is 3.6% both were cut by 25 basis points last month, the largest reduction since authorities reformed the LPR pricing

1600 GMT/1100 US Eastern time – Bank of England Deputy Governor Dave Ramsden speech on monetary policy at the University of Leeds Ramsden is the Deputy Governor for Markets and Banking. He is responsible for oversight of Markets, Banking, Payments and Resolution directorates. member of the Monetary Policy Committee, the Financial Policy Committee and the

Japan trade data for October 2024 Japan exports to: EU -11.3% y/yUS -6.2% y/yChina +1.5% y/yAsia +7.6% y/y Improving exports will be welcomed by Japanese authorities. This article was written by Eamonn Sheridan at www.forexlive.com.

The Kansas City Fed Pres. Schmid is back on the wires saying: Rates are still somewhat restrictive, but not overly soThe coming tariffs, immigration policies will be relevant to the Fed if the impact employment and inflationthe inflation fight is not done yet Once again, not much . Meanwhile, US stocks extend their gains with

It is said that the two discussed the matter on the sidelines of the G20 summit, with Xi stating that China is ready to “consolidate” a strategic partnership with Germany. That before raising the matter of the tariffs imposed by the EU on Chinese-made EVs. Xinhua also reports that China is looking to “resolve the

A snippet from the Wall Street Journal on the lower yen in Tokyo trade so far today./ In brief: yen weakensJapanese authorities’ verbal warnings appear to be losing effectiveness Citing CBA analysts: Market reaction to Japanese Finance Minister Kato’s comments on Tuesday was much smaller compared with Friday“If words cease to have the desired impact,

After a bit of a pause in the last few days, the dollar is starting to flex its muscles once again. The greenback is sitting atop the major currencies bloc, now extending gains across the board on the day. USD/JPY already traded a little higher earlier but now other dollar pairs are catching up. EUR/USD

The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which will be today and the second will be just a

There are just a couple to take note of on the day, as highlighted in bold. They are for EUR/USD at the 1.0540 and 1.0620 levels. The former isn’t one that holds much technical significance so I wouldn’t bet on it to come into play, although geopolitical headlines yesterday did briefly shook the pair out

Westpac Leading Index, in brief: Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October.This provides a tentative signal that growth momentum is set to improve from its current nadir.Improvements mostly centred on components related to consumer sentiment and commodity prices. This article was written by Eamonn Sheridan at www.forexlive.com.

The pair is now back up to around 155.50 on the day, higher by 0.5%. It comes as the push and pull continues, after the fall yesterday was arguably stirred by geopolitical headlines triggering some risk aversion in broader markets. Treasury yields were pulled lower then but are now recovering, helping to underpin the bounce

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected

Nvidia will announce its earnings after the close tomorrow in trading today, the premier chipmakers shares are up $6.57 or 4.69% to $146.69. The all-time high closing level is at $148.88. What are the expectations Earnings Expectations Adjusted quarterly earnings: $0.74 per share versus $0.40 last year (85% YoY increase) Revenue: $33.2 billion versus $18.12

Federal Reserve Vice Chair for Supervision Michael Barr delivering prepared testimony. Doesn’t comment on the economy or monetary policy. As a Federal Reserve Governor Barr has a vote on the Federal Open Market Committee (FOMC). This article was written by Eamonn Sheridan at www.forexlive.com.

China left benchmark lending rates unchanged today, in line with market expectations: one-year loan prime rate (LPR) kept at 3.1%five-year LPR unchanged at 3.6%China widely expected to keep benchmark lending rates unchanged this week … the Reuters survey of 28 market participants had all respondents expecting the rates to stay unchanged Most new and outstanding

Kansas City Fed Pres. Jeffrey will be speaking at 1:10 PM ET on the economy and monetary policy outlook. The USD is mixed in trading today with modest changes vs the major currency pairs. The USD index (DXY) is trading unchanged. US stocks are trading mixed with the NASDAQ index leading the way with a

China Loan Prime Rate 5 year 3.60% expected 3.60%, prior 3.60% 1 year 3.10% expected 3.10%, prior 3.10% This article was written by Eamonn Sheridan at www.forexlive.com.

Bitcoin has pushed to the upside and has extended to a new all-time high price at $94,000. That move has taken out the prior high price at $93,483. Since November 4 just before the election, the price is now up 40.81%.Since the swing low on August 5 (the Japan carry trade unwind day), the price

The price of WTI crude oil is settling at $69.39. That’s up $0.23 or 0.33% . Technically, the price is closing above its 200-hour moving average at $69.23 (green line on the chart above). The last corrective low stayed above its rising 100-hour moving average at $68.25 (blueline on the chart above). The low price

The EURJPY price action has been trading in a volatile up and down price action over the last few trading days. What has been consistent in the volatility, is the price highs have been stalling near moving averages. Today, four of those moving averages are near each other between 163.62 and 164.02. Include in that

Remains to be seen how far interest rates might fallCuts are an acknowledgment of the Fed’s confidence inflation is on a path to 2% target. Large fiscal deficits will not cause inflation because the Fed will prevent it, though that could mean higher interest rates This article was written by Greg Michalowski at www.forexlive.com.

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

ECB’s Muller: I don’t see a reason to move in bigger steps nowBoE’s Lombardelli: I see risks to inflation on both sidesBoE’s Mann: Forward-looking indicators raising the risk of inflation persistenceBoE’s Taylor: Gradual cuts implies 100 bps of easing over the next yearBoE’s Bailey: We need to watch services inflation very carefullyECB’s Panetta: Still a

Spotted a view from Citi on the news wires. Citi Research anticipates that the Japanese government might intervene to support the yen if the USD/JPY exchange rate reaches the 160.00–165.00 range. Citi’s expectations were from before remarks from Bank of Japan (BoJ) Governor Kazuo Ueda on Monday,. More: Ministry of Finance (MoF) may be preparing

Howard Lutnick has been helping to run the transition team for Pres. Trump and Punchbowl is now reporting that Trump is set to name him the head of the Commerce Department. Lutnick had been lobbying for Treasury Secretary with Elon Musk supporting him as well. However, there was some rumblings that Trump did not like

The biggest beneficiary of the U.S. presidential election results isn’t the cryptocurrency market, especially Bitcoin, which surpassed a record $93,000 just last week, but Elon Musk. He put himself in a difficult position by supporting one of the candidates. If his candidate had lost, his personal life and the fate of his companies would have

The IAEA is saying that Iran agreed to stop producing near bomb-grade uranium. The news that sent oil prices down from six $9.61 to a new session low at $68.46. However the price has since rebounded to near mid range and $69.23. That is up about seven cents on the day. This article was written

The AUDUSD moved lower earlier in the day and that move to the downside tested a swing area between 0.6471 and 0.6479. The low price for the day reached 0.6481 before bouncing back to the upside. The move to the upside did extend back above a swing area going back to mid July between 0.6505

The major European indices are closing lower on the day but off the lowest level from the geopolitical concerns from the pre-US opening levels. The final numbers are showing: German Dax fell -128.88 points or -0.67% at 19060.32. At session lows the index reached 18812.53.France’s CAC fell -48.59 points or -0.67% at 7229.65. Session lows

The Atlanta Fed GDPNow growth estimate for Q4 rises to 2.6% from 2.5% previously. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.6 percent on November 19, up from 2.5 percent on November 15. After this morning’s housing starts report

Sector Overview 📈 Consumer Defensive: Discount retailers are the highlight today, with Walmart (WMT) seeing an impressive gain of 2.97%, indicating robust consumer spending in cost-effective retail.📉 Technology: Mixed signals arise from tech, with Nvidia (NVDA) leading with a 1.43% gain, while Intel (INTC) shows a notable setback with a 2.40% drop, possibly due to

At the bottom of the hour, US building permits and housing starts will be released along with Canada CPI US building permits are expected to come in at 1.430M versus 1.428M (annualized). Housing starts are expected at 1.330M versus 1.354M last month. In Canada, CPI inflation will also be released: CPI MoM est 0.3% versus

Forward-looking price and wage indicators have been flat and above target for four months, raising the risk of inflation persistence.Financial markets’ inflation expectations suggest the BoE will not get to a sustainable 2% inflation in the forecast horizon. This article was written by Giuseppe Dellamotta at www.forexlive.com.

The major US stock indices are opening lower but not as low as premarket levels. In premarket trading, the S&P index is down over -50 points. The NASDAQ index is down over -200 points and the Dow industrial average was down over -500 points, and geopolitical concerns. Some of that fear has dissipated a bit.

It’s ok to continue with a gradual pace of rate cuts.Gradual cuts implies 100 bps of easing over the next year.This is closely aligned with market curve currently.That is not necessarily what will unfold, depending on economic conditions.There are conditions where the BoE can go faster.Labour market data is key for my view on rate

Bank of America pm Sterling, looking for gains in 2025. BoA cite UK unlikely to be the focal point of Trump’s trade tariff plansUK reliance on its service sector will also offer some protection against any tariffsdirection of travel in Brexit is less hostile under the UK Labour government BoA not looking for immediate sustained

Housing starts 1.311M vs 1.330M estimate. Prior month 1.354M last month revised to 1.353MBuilding permits 1.416M vs 1.430M estimate. Prior month 1.428M last month. Building Permits Privately-owned housing units authorized: 1,416,000 (seasonally adjusted annual rate) vs 1,430,000 estimate 0.6% below revised September rate (1,425,000) 7.7% below October 2023 rate (1,534,000) Single-family authorizations: 968,000 Authorizations of

Bloomberg is reporting that the: US indicated it will not respond to Russia’s nuclear doctrine moveBiden said that Russia has been threatening nuclear This article was written by Greg Michalowski at www.forexlive.com.

It is not thought to be a Mag 7 but it does show the heartbeat of the US consumer. Walmart announced earnings today and beat on both EPS and Revenues. Below is a summary of the numbers: Q3 2024 Adj. EPS: $0.58 (beat expectations of $0.53)Q3 2024 Revenue: $169.50 billion (beat expectations of $167.68 billion)Total

Prior +1.7%Core CPI +2.7% vs +2.7% y/y prelimPrior +2.7% No changes to the initial estimates as this mostly reaffirms a slightly stickier core reading for the month. This article was written by Justin Low at www.forexlive.com.

Prior month -0.4%CPI MoM 0.4% versus 0.3% estimateCore CPI M 0.3% versus 0.1% last monthoM CPI YoY 2.0% versus 1.9% YoY . Prior month or .6%CPI Median 2.5% versus 2.4% estimate. Last month 2.3%CPI Trim 2.6% versus 2.4% estimate. Last month 2.4%CPI Common 2.2% versus 2.1% last monthCPI BOC Core YoY 1.7% versus 16% last

ANZ-Roy Morgan Australian Consumer Confidence weekly survey: 86.8 prior 86.7 Under 100, which is where this indicator seems to live now, is net pessimistic. ANZ comments: moving in a narrow rangeHousehold confidence in the 12mth economic outlook has risen 10.7pts since early JulyInflation expectstions eased 0.2ppt to 4.7% This article was written by Eamonn Sheridan

The USD is tilting lower in the US session and that has the USDCAD and the USDCHF moving below a technical level increasing the bearish bias at least in the short term. For the USDCAD, the price has moved below the 200 hour MA at 1.3977 and also the 2022 high price at 1.3978. Breaking

A 25 bps rate cut in December is likely.I don’t see a reason to move in bigger steps now. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Reserve Bank of Australia November meeting minutes due today: 0030 GMT1930 US Eastern time I characterised the statement from the meeting as hawkish: AUD little changed after hawkish RBAReserve Bank of Australia leaves cash rate unchanged at 4.35%, as expected After the statement Governor Bullock spoke: RBA governor Bullock: Rates need to stay restrictive for

We need to watch services inflation very carefully.Services inflation is still above a level that’s compatible with on-target inflation.Inflation was lower than expected when the BoE cut rates.A gradual approach to removing monetary policy restraint will help us to observe risks to the inflation outlook. This article was written by Giuseppe Dellamotta at www.forexlive.com.

Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need stronger reasons to price out the remaining

Price action is volatile but contained in the three major currency pairs as a markets digest geopolitical risks: EURUSD: The EURUSD is trading between support near 1.05158 and resistance near 1.0610. The price is trading near 1.0585 as buyers and sellers panel between the extremes. USDJPY: The USDJPY is remaining below the 200-hour moving average

Earlier today, ECB Panetta said that the ECB should move toward neutral and perhaps go below that level into an expansionary policy. He is out now saying that: It is not blasphemy that rates could go below neutral levels. Panetta said that forthcoming changes to US government adds uncertainty to inflation outlook. This article was

Walmart spokesperson is warning that significant increasing tires could lead to increase prices for consumers (note not the company). Earlier today Walmart reported earnings: Walmart (WMT) Q3 2024 (USD): Adj. EPS 0.58 (exp. 0.53) Revenue 169.50bn (exp. 167.68bn) Total US comparable sales ex-gas +5.5% (exp. +3.8%) FY adj. EPS view 2.42-2.47 (prev. 2.35-2.43, exp. 2.45)

And that comes after a key test of the 1.0500 mark last week, with the importance of the level underlined here. The bounce this week sees the pair nudge up closer to 1.0600 but is also pausing a little since overnight trading. That coincides with the 23.6 Fib retracement level of the swing lower this

Big Time Studios, a Web3 gaming trailblazer and creator of the Open Loot platform and hit game Big Time, which has already processed a half billion dollars in total transaction volume, is making waves again. Active users of the Open Loot platform will soon be able to collect $OL, the marketplace’s first utility token, which

Reuters’ latest survey of 28 market watchers sees all respondents expecting both the 1-year and 5-year LPRs to remain unchanged at 3.10% and 3.60% respectively. A trader at a Chinese bank commented that: “LPRs were lowered so sharply in October, so it is unlikely to have another cut this month. We may first wait and

The AUDUSD – like other pairs vs the USD today – has moved sharply lower over the last 6 /7 trading days, over that period, the high price on November 7 reached 0.6687. The low price on Thursday last week reached 0.64402. At the high, the price stalled just ahead of the 100 day MA.

If domestic demand remains weak, inflation could fall well below 2%.The ECB should move to neutral monetary policy stance, or even expansionary if necessary.Eurozone economic activity remains weak, no turning point in sight for beleaguered manufacturing sector.The tightening bias in our official description of the monetary stance is no longer necessary.The ECB should return to

The price of WTI crude oil is settling at $69.16. That is up $2.14 or 3.19%. Of interest is the January contract price traders briefly above the December price for the 1st time since February. Bullish Factors: Geopolitical Tensions:U.S. approval for Ukraine to use long-range missiles inside Russia raises conflict risks.North Korea may send 100,000

China Securities Journal quotes analysts saying further cuts to RRR coming this year. — The Reserve Requirement Ratio (RRR) is a central bank regulation that sets the minimum amount of reserves each bank must hold in relation to their deposit liabilities. Its the percentage of total deposits that banks are legally required to keep on

Major US stock indices remain under pressure as concerns about geopolitical risks from Russia continue to weigh on the markets: Dow -504 point S&P index -56.87 pointsNASDAQ index -204 points Russia’s Lavro is saying Ukraine’s attacks against Russia’s border region is an escalation signal. Earlier, Russia’s Kremlin said that the updated nuclear doctrine signed by

On the Stoxx 600 index, they now forecast it at 530 over the next 12 months and that is down from 540 previously. As for the UK FTSE, they see it at 8,500 and that is down from their previous forecast of 8,800. With rising risks of trade protectionism, that is posing a key risk

Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need

The Reserve Bank of Australia minutes indicate that the board remains vigilant to upside inflation risks and believes policy needs to remain restrictive. The board saw no “immediate need” to change the cash rate.It is not possible to rule anything in or out regarding future changes in the cash rate.Forecasts are based on the technical

The National Development and Reform Commission of the People’s Republic of China (NDRC) ins the country’s ‘state planner’: Approved 97 fixed-asset investment projects worth a total of 916 bln yuan in January – OctoberExpects China’s economy to sustain recovery momentum in November and DecemberChina has ample policy room, tools to support economic recovery This article

Russia’s Kremlin said that the updated nuclear doctrine signed by Putin is a very important text. Putin warned that Russia reserves the right to use nuclear weapons in an event of aggression. The US gave Ukraine permission to use long-range US missiles inside of Russia in its war with nation. The comment helped to the

The broader market mood is quickly shifting now in European morning trade as there is a whiff of risk-off sentiment in the air. Equities are selling off while bonds are being bid as yields stumble lower. 10-year Treasury yields are now down 6 bps to 4.35% with 10-year German bund yields down 8 bps to

I see risks to inflation on both sides.We have seen a fall in services inflation and wage settlements.Minimum wage comes up as pressure for businesses more than any other pressure.I am more concerned about upside risks to inflation as costs are higher if inflation gets entrenched. This article was written by Giuseppe Dellamotta at www.forexlive.com.

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected

Eurostoxx flatGermany DAX flatFrance CAC 40 +0.1%UK FTSE +0.4%Spain IBEX -0.2%Italy FTSE MIB -0.4% S&P 500 futures are also lightly changed, up marginally by 0.1% on the day. It’s a bit of a slower one as market players are taking time to reassess the post-election rush from last week. Major currencies are also keeping lightly

There’s a headline floating that Kremlin is threatening a nuclear response amid Ukraine’s use of Western missiles against Russia. And that is perhaps one reason for the more negative risk push in the last ten minutes or so. However, it is perhaps a timely trigger to shove bond yields lower after having ran into some

Now that everyone is certain of Donald Trump’s return to office, you may be wondering how the new government will impact the financial markets. Understanding these political dynamics is essential for cryptocurrency or forex traders. Being well-informed can help you navigate market changes effectively. With the successful conclusion of the US election and Trump winning

In the European session we don’t have much on the agenda. There’s only the Eurozone CPI report but since it’s the Final reading, the market won’t care much. In the American session, we have the Canadian CPI report, which is going to be the main event for today. 13:30 GMT/08:30 ET – Canada October CPI

Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need

Coming up at 0715 GMT / 0215 US Eastern time: Riksbank First Deputy Governor Anna Breman speaks about current monetary policy and the economy — Sveriges Riksbank is the central bank of Sweden, and it operates independently from the European Central Bank (ECB). Sweden is a member of the European Union (EU). While Sweden is

The dollar is lightly changed but sitting a little more mixed as we look towards European morning trade today. USD/JPY is once again the notable mover as it slides back down towards the 154.00 level in Asia. The pair is holding lower as Treasury yields are also seen pulling back a little to start the

Slight delay in the release by the source. There were surpluses recorded for goods (€33 billion), services (€16 billion) and primary income (€2 billion). Meanwhile, a deficit was recorded for secondary income (€14 billion). This article was written by Justin Low at www.forexlive.com.

At 1015 GMT / 0515 US Eastern time, Governor Andrew Bailey and other Bank of England officials are appearing before the UK Treasury Committee Andrew Bailey, Governor of the Bank of England Clare Lombardelli, Deputy Governor for Monetary Policy, Bank of England Dr Catherine L. Mann, External member, Monetary Policy Committee, Bank of England Professor

Mixed ending for US stocks to start the new trading weekEconomic calendar in Asia Tuesday, November 19, 2024 – RBA minutesTrump Media in advance talks to buy Crypto Platform BAKKTECBs Vujcic: The risk of inflation undershooting has picked upWTI Crude oil settles $2.14 higher at $69.16BOEs Greene: UK services inflation is elevated but on a

The headlines on this news are here: US DoJ to pressure Google to sell Chrome – break monopoly The report is carried by Bloomberg, which is gated, but Reuters have ungated info available if you are after more: U.S. Department of Justice will ask a judge to force Alphabet’s Google to sell off its Chrome

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

A note via Capital Economics argues: While Trump’s trade policies receive attentionon, immigration restrictions may have a more substantial economic impact, potentially leading to lower growth and higher costs across critical sectors. Capital Eco says, in brief, that the immigration policy will reduce economic growth in the US by around 1% a year: Proposed Restrictions:Plans

Goldman Sachs says that they see the ‘Magnificent 7’ carrying the benchmark index mostly, with the bunch set to outperform as compared to the other index constituents. That being said, they do expect the ‘Magnificent 7’ to only outperform by about 7% – the slimmest margin in seven years. Adding to upside risks, the firm

The GBPUSD is trading higher in is a poaching a key resistance and its 100-hour moving average at 1.2681. Also near that level is the high of a swing area between 1.2654 and 1.26858. Get above that level would be needed for the buyers to have a technical “win” after steady selling over the last

Goldman Sachs sees gold as a strong hedge against potential risks from Trump-era tariffs, predicting prices will rise further in 2025. I posted on their forecast yesterday: Goldman Sachs have reiterated their gold target of $3,000 an ounce by December 2025 Adding a little more now: GS highlights gold’s role as a safe haven during

MUFG chairman says Japan’s rate increase will be accelerated because there is more inflation pressure. Its been an active morning in Asia for yen: USD/JPY drops towards 154.00Japanese Economic Revitalisation Minister Akazawa says crucial to boost payJapan finance minister Kato – will continue to take action on excessive FX moves USD/JPY now off its lows:

The pair is down again today by 0.3% to 154.18 currently, after having pushed just above 155.00 early yesterday. It’s been a push and pull start to the week but that largely owes to the moves in the bond market. 10-year Treasury yields nudged up to around 4.47% early yesterday before retreating back to just

Prior CHF 4.95 billion; revised to CHF 4.94 billion Here’s the breakdown of the Swiss trade balance for last month: This article was written by Justin Low at www.forexlive.com.

German DAX futures +0.1%UK FTSE futures +0.3% This comes with US futures seen up marginally by 0.1%. Tech shares remain in focus as all eyes are on Nvidia’s earnings after the close tomorrow. As for the overall market mood, it’s fairly pensive right now as the post-election euphoria meets a bit of a pause. This

The EURUSD is stretching to the upside with the price now moving away from the 100-hour MA at 1.05659. That MA was broken earlier today after finding sellers against the moving average level on Friday and again earlier today. Although the price traded above and below the 100-hour moving average on the first break (the

Bank of America says broad market is ‘statistically expensive on almost every metric’ raises year-end price S&P 500 to 6,000we see limited near-term upside to the cap-weighted S&P 500 and prefer the equal-weighted index, but our bear market signposts — the triggers that typically precede an S&P 500 peak — are not signaling elevated risks

There is just one to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.0600 level. It isn’t one that holds much technical significance and with the dollar retracing back some of its moves from last week, the expiries may not offer too much pull on such a

USD/JPY has dropped from earlier hihgs here in Asia around 154.70 to be on approach to 154.00. Low is circa 154.10. There are no fresh news nor data catalysts This article was written by Eamonn Sheridan at www.forexlive.com.

ANZ preview the Reserve Bank of New Zealand meeting on November 27. In brief: We expect a 50bp cut to 4.25% next week. That would be consistent with RBNZ October messaging, economists’ forecasts, and market pricing. Data since the October Monetary Policy Review has been mixed, but no data looks likely to upset the apple

The US stock day is ending mixed to start the new trading week. Dow industrial average Dow industrial average fell -55.39 points or -0.13% at 43389.60.S&P index rose 23.00 points or 0.39% and 5893.62.NASDAQ index rose 111.69 points or 0.60% and 18791.81Russell 2000 rose 2.505 points or 0.11% at 2306.34 Shares of Nvidia fell -1.29%

Bank of England Governor Bailey, other officials, appear in parliament committtee TuesdayFX option expiries for 19 November 10am New York cutSEK traders heads up – Riksbank First Deputy Governor Anna Breman speaks TuesdayFederal Reserve Bank of Kansas City President Jeffrey Schmid speaking Tuesday“BOJ to bid farewell to stimulus era, justify rate hikes in policy review”MUFG

Japan finance minister Kato Important for currencies to move in stable manner reflecting fundamentals Will continue to take appropriate action against excessive forex moves Absolutely no change to our stance on forex USD/JPY is on session lows: This article was written by Eamonn Sheridan at www.forexlive.com.

Japanese Economic Revitalisation Minister Akazawa aiming for cabinet approval of economic package sooncrucial to boost pay for all generations with the package This article was written by Eamonn Sheridan at www.forexlive.com.

Bloomberg carry the report, saying the US Department Of Justice is to prompt Google to sell Chrome in order to break its monopoly. Top Justice Department antitrust officials have decided to ask a judge to force Alphabet’s Google to sell off its Chrome browser This article was written by Eamonn Sheridan at www.forexlive.com.

BOE Greene is speaking and she says: UK’s services inflation is elevated but on a downward pathUK budget will raise inflationinflation gauges are generally coming down.Services inflation not falling as fast as I would like.Labor market easing and wage growth it should come off Meanwhile, the GBPUSD has moved up to test the next target

I posted earlier on Citi eyeing the 160 level in USD/JPY: ICYMI – Citi base case is for no USD/JPY intervention before 160 MUFG are also keen on that area: risk of intervention and/or the Bank of Japan raising earlier would rise if USD/JPY moved above 160.00BoJ Governor Ueda’s remarks on Monday fit with our

1810 GMT / 1310 US Eastern time: Federal Reserve Bank of Kansas City President Jeffrey Schmid speaks on the economic and monetary policy outlook This article was written by Eamonn Sheridan at www.forexlive.com.

Reuters with this on the Bank of Japan review of its monetary policy. The review will be released on December 19. Reuters make some assertions on what to expect: symbolic step towards ending its massive stimulusWhile the BOJ has said the outcome of the review will not have direct implications on near-term monetary policy, it

ECBs Vujcic is on the wires saying: The risk of inflation undershooting has picked up. The EURUSD moved up to test the swing area on the 4-hour chart between 1.06005 and 1.06010. The price has come off after reaching into that area. The current price is back at 1.05904. This article was written by Greg

A note from TD assessing the implications of the expected Trump tariffs and what it means for EUR/USD: Trump’s tariffs will have a significant impact on the eurozone economy (not a positive one!)euro zone has limited engines of growtheconomic policy uncertainty running high across EuropeECB is expected to cut interest rate more than the Federal

The FT is reporting that Trump Media is in advanced talks to buy Crypto Platform BAKKT. HMMMM. Of course President-elect Trump is the largest stock owner of Trump media. Shares of DJT are up 10.89% at $31.20 Also Pres. Trump is to meet privately with Coinbase CEO Brian Armstrong presumably to talk about a SEC

A summary of a speech from EU Lagarde at College des Bernardins: Current Challenges Technological Lag: Europe is falling behind in innovation and productivity compared to the U.S. and China.EU specializes in outdated technologies; only 4 of the world’s top 50 tech firms are European.Lack of unified digital market and venture capital investment hinders technological

Believes in cautious and prudent approach, policy is working as it isIt would be “going a bit far” to say that a rate cut in December is “in the bag”We are going meeting by meetingLet’s see what the data tells us but reasonable to assume we are on a downwards trajectory on rates Again, it

Gold is up sharply in trading today after falling -4.52% last week – its worst week since falling 6.03% during week of June 14, 2021. Technically, looking at the hourly chart, the price moved sharply lower last week and in doing so stayed below its 100-hour moving average (blue line on the chart above). After

Major European indices are closing the day with mixed results. The German DAX and Italy’s FTSE MIB move lower. The major indices are higher. German DAX, -0.18%France’s, +0.12%UK’s FTSE 100, +0.57%Spain’s Ibex, +0.33%Italy’s FTSE MIB, -1.27% As London/European traders had for the exits, US stocks have pushed into positive territory led by the NASDAQ index

It is being reported on Bloomberg, that the Trump team is supporting former Fed Governor Kevin Warsh (2006 to 2011) as the next Treasury Secretary. President-elect Donald Trump is evaluating several candidates for the position of Treasury Secretary. He was expected to meet with these candidates at his Mar-a-Lago club in Florida to further assess

And with a slight nudge up today, price is testing the 100-hour moving average (red line) again. The key near-term level is seen at 1.0571 currently. Hold below that and sellers will continue to keep a more bearish bias. But break above, and the near-term bias turns more neutral instead. That marks the key near-term

Sector Overview: Key Movers and Trends Today’s stock market heatmap reveals an interesting divergence among sectors. The consumer cyclical sector is shining, with Tesla (TSLA) making significant gains at +5.18%. On the other hand, the semiconductor sector is under pressure, highlighted by Nvidia (NVDA) dropping -1.50%. 📉 Semiconductor Sector: Cautious Sentiment Nvidia (NVDA) leads the

Domestic sight deposits CHF 455.0 bn vs CHF 455.4 bn prior Swiss sight deposits were little changed in the past week, still keeping within the range seen in the last few months. The trend as per below: This article was written by Justin Low at www.forexlive.com.

Foreign investors increased their exposure to Canadian securities by $29.3 billion in September (largest investment since April) vs 10.33 prior month (revised from 9.97B..Canadian acquisitions of foreign securities slowed to $4.14 billion in September (down from $12.3 billion in August).International transactions in securities generated a net inflow of $25.2 billion in the Canadian economy in

The USDCAD broke above the 2020 high price on Wednesday of last week at 1.3978, and that helped to kickstart additional gains on Thursday and Friday. The price of the USDCAD has been up for six consecutive days. The low price from November 7 reached 1.3843. The high price on Friday extended to 1.41049. In

Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need

📊 Berkshire Hathaway (BRK.B) – A Retail Investor’s Strategy 🏦 👋 Hello! This is Itai Levitan, and today, I’m analyzing Berkshire Hathaway (BRK.B). This stock is much more accessible to retail investors due to its lower price per share compared to BRK.A. As a result, it experiences significantly higher trading volumes. Here’s a detailed “Buy

To start trading day and the trading week, the USD is trading down and back up vs most of the major currency pairs. It is mostly lower vs the NZD and the JPY today. In the US debt market yields are higher with the yield curve steepening: 2-year yield of 0.7 basis points 4.314%5-year up