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Dollar recovers some ground as equities pare early gains
The dollar has now pared losses against the commodity currencies, with the euro and pound nudging lower as well against the greenback on the day. EUR/USD is now down 0.4% to 1.0920 and extending a drop from here after softer French data earlier. USD/JPY is still...
Market Recap: Stocks loosing their steam; Oil rallies ahead of OPEC+
Economic Indicators & Central Banks : The US GDP report implied a Q3 productivity growth boost to a robust 5.1% from 4.7%, after an unrevised 3.6% Q2 clip. There was a Q3 growth rate trimming for the hours-worked index to 1.0% from 1.1% due to weakness in the...
Germany November unemployment change 22k vs 22k expected
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FX option expiries for 30 November 10am New York cut
There aren't any major expiries that should be significant in terms of impact on the day. As such, trading sentiment will rely more on the risk mood and bond market sentiment, but also with month-end flows to be taken into consideration. That will matter more on the...
Equities tread lightly as month-end approaches
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Switzerland November KOF leading indicator index 96.7 vs 96.6 expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Euro slips as French economy contracts in Q3 as inflation eases further as well
The headlines:This just adds more reason for the ECB to hold and also draws in the argument that perhaps we might get rate cuts sooner rather than later in the Eurozone. That especially as the economy is on the softer side heading towards year-end, although a hard...
OPEC+ meeting reportedly to go ahead as expected later today
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
France November preliminary CPI +3.4% vs +3.7% y/y expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
France Q3 final GDP -0.1% vs +0.1% q/q prelim
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Germany October retail sales +1.1% vs +0.4% m/m expected
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD/JPY tests key technical level, eyes further breakdown
USD/JPY vs US Treasury 10-year yields (%) daily chartUSD/JPY is down another 0.2% today to 146.90 currently and is contesting a drop below its 100-day moving average (red line) of 147.05. It is also the first time that the pair is seen crossing the line below either...
More inflation data coming up in Europe today
The dollar is barely keeping its head above water but is still down for a third straight week in a row now. With bond yields tumbling lower, the greenback is seeing a rough week but it really could've been much worse by a lot of metrics. Softer euro area and Australia...
BOJ’s Nakamura: Hard to pinpoint timing of policy shift as of now
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Saudi Arabia to keep voluntary production cuts in Q1 2024 – ANZ
That seems to be the expectation, even after the rifts that we have seen among OPEC+ members coming into today's meeting. Besides that, ANZ is forecasting oil to trade in the range of $85 to $90 in the first half of next year.As for their other commodities outlook,...
Japan November consumer confidence index 36.1 vs 35.7 prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ForexLive Asia-Pacific FX news wrap: China PMI, manufacturing further into contraction
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JP Morgan predicts S&P 500 drop to 4,200 by end-2024
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Bank of England speaks today – expect hawkish views
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