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,...
BoJ Q4 Tankan reports that firms expect Japan inflation to remain above 2%
Bank of Japan Q4 2024 Tankan reportDecember big manufacturers index +14 (Reuters poll: 12) (at +14 this is the highest since March 2022)March big manufacturers index seen at +13 (Reuters poll: 11)December big non-manufacturers index +33 (Reuters poll: 32)March big...
UBS forecast gold US $2900. Cite growing US debt, central bank demand, falling rates.
UBS says inflation will remain sticky for the foreseeable futurerising prices to be a persistent problem over the next decadeUBS forecast US inflation to hit 3% at the end of 2024, 2.6% at the end of 2025, and 2.5% throughout 2027. All well above the Fed's 2% target....
Trump trade adviser Navarro warns on FX manipulation
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,...
Bank of America forecasts Brent crude oil to average $61 per barrel through 2025
Bank of America analysts are projecting lower Brent crude next year:average US$61 / bbl through 2025Analysts say OPEC + countries want higher prices:fiscal budget deficits emerging across OPEC economies amid lower pricesBut this is encouraging some members to break...
China to send high-level delegation to Trump’s inauguration in Xi’s place
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,...
Jeremy Siegel says gains on S&P 500 in 2025 will be around zero to ten percent
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,...
Trump says costs of automation way above the benefits offered – especially for port work
Trump says the amount of money saved by automation is nowhere near the distress, hurt, and harm it causes for American workers, in this case, our longshoremen.I'm not sure of the implications of Trump's anti-automation stance here. An end to the use of shipping...
EUR/USD – there are extremely large option expiries at 1.0500 on Friday
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 Americas FX news wrap: ECB cuts rates by 25 basis points
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,...
New Zealand manufacturing PMI plunges deeper into contraction – November 45.5 (prior 45.8)
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,...
US data “the definition of sticky inflation” above 2%. Analysts trim easing forecasts.
Wells Fargo is dialling back the dovishness in the wake of solid inflation reports out of the US on Wednesday and Thursday. Before I get to Wells Fargo, check out this clear-eyed view of inflation developments in the US:I posted yesterday similar, but thought it was...
Restoration Hardware emphasizes that it’s ” the worst housing market in 30 years”
Restoration Hardware is out with third quarter results and shares are up 13% after hours as they were much better than feared. The company isn't shy about sharing its views on the economy so the call later will be notable.Here are some macro highlights of the...
US stocks close near the lows for the day
Major US stock indices are closing near the lows for the day. Recall from yesterday, the NASDAQ index closed at a new record high. The S&P index traded above its all-time close but ended the day below that level. Today both indices moved away from those record...
Economic calendar in Asia 13 December 2024 – Bank of Japan Tankan report
The Bank of Japan's (BOJ) Tankan survey is a key indicator of business sentiment. Its scheduled for release on December 13, 2024. This quarterly report assesses the confidence levels of Japanese enterprises and provides insights into economic conditions.This Tankan...
Trade ideas thread – Friday, 13 December, insightful charts, technical analysis, ideas
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,...
What’s the important chart for US natural gas?
US natural gas prices jumped 2.5% today after a surprisingly large draw in weekly inventory data. The 190 bcf drawdown compared to the average of the week of 66 bcf.This the top chart on most natural gas decks as it shows natural gas storage relative to the past five...
NZDUSD trades near lows for the day and the year.
The NZD/USD hit a new low for the year yesterday, bottoming at 0.57604, just within the key swing area between 0.5741 and 0.5772 on the daily chart. The price rebounded into the close and continued higher during the early Asian session today, reaching 0.58138, a swing...
Global growth to continue but policy risks dominate 2025 forecast from TD Economics
TD Economics sees a chaotic but growing 2025 economy ahead, with Trump policies potentially shaking up markets. The bank expects both the US and Canadian economies will navigate through policy uncertainties, but warns of significant risks from potential tariffs and...
SocGen: We expect USD/JPY to drop into the 130s in the first half of 2025
USDJPY dailySocGen expects USD/JPY to experience at least a temporary dip into the 130s in the first half of 2025 due to shifting yield dynamics, despite the pair currently trading near 152.Key Points:Yield Differential as Key Driver:USD/JPY has closely tracked...