Final Services PMI 50.8 vs. 50.0 expected and 52.0 prior.Final Composite PMI 50.5 vs. 49.9 expected and 51.8 prior.Key findings:Marginal overall rise in business activity in November Staffing numbers decrease for second month running Weakest output growth projections...
OECD raises global growth outlook for next year but warns of protectionism risk
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,...
BOE governor Bailey expects four rate cuts next year if economic outlook stays the course
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,...
Eurozone November final services PMI 49.5 vs 49.2 prelim
Prior 51.6Composite PMI 48.3 vs 48.1 prelimPrior 50.0Despite the slightly better revisions, both the services and composite readings are at 10-month lows. Weak demand conditions are being cited as the main reason new orders declining again and this time at its...
Germany November final services PMI 49.3 vs 49.4 prelim
Final Services PMI 49.3 vs. 49.4 expected and 51.6 prior.Final Composite PMI 47.2 vs. 47.3 expected and 48.6 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 49.3 (Oct: 51.6). 9-month low. HCOB Germany Composite PMI Output Index at 47.2 (Oct:...
France November final services PMI 46.9 vs 45.7 prelim
Prior 49.2Composite PMI 45.9 vs 44.8 prelimPrior 48.1The revisions are positive but they are still markedly lower compared to the October readings. Of note, French services demand experienced its sharpest decline in a year as business confidence also sunk to a...
Italy November services PMI 49.2 vs 51.2 expected
Services PMI 49.2 vs. 51.2 expected and 52.4 prior.Composite PMI 47.7 vs. 51.0 prior.Key findings:Service sector registers fresh decline in activity, albeit only marginal Fastest decline in new business for over two years Slight increase in payroll numbers, but...
USD/JPY bounce starts to gain some traction
After running into a test of its 100-day moving average (red line) on Monday, the pair did so again in trading yesterday. That owed to a bid in the Japanese yen after the whole martial law fiasco in South Korea involving president Yoon. And as the drama died down,...
Spain November services PMI 53.1 vs 53.2 expected
Prior 54.9Composite PMI 53.2Prior 55.2That's the weakest reading since January as services activity in Spain slows further in November. That said, demand conditions are still holding up and HCOB notes that severe floods in some areas of the country have had an impact...
ECB’s Rehn: I see policy easing continuing in the coming months
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South Korea opposition parties submit impeachment bill against President Yoon
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Heads up: French government set to face no confidence vote today
The motion is to be put forward by the left-wing New Popular Front party and will be supported by Le Pen's far-right National Rally party. The key number to watch out for is 289 votes out of the 577 parliamentary seats. But given the alliance between the two parties...
Forexlive Asia-pacific FX news wrap 4 Dec The AUDUSD falls sharply after weaker GDP data.
Markets:Gold up $3.96 or 0.15% at $70.09US 2-year yield 4.167%, -0.4 basis pointsUS 10-year yield 4.226%, +0.5 basis pointsWTI crude oil up $0.19 or 0.27% at $70.09Nikkei 225 +26 points or 0.07% at 39276Shanghai composite -0.07%Hong Kongs Hang Seng +0.08%China CSI300...
PMI data to move things along in European trading today
The dollar is sitting more mixed on the day with light changes for the most part. The notable mover in Asia has been the aussie, which pushed lower after the more disappointing Q3 GDP report here. That saw AUD/USD drop briefly to its lowest since August before holding...
USDJPY extends to new high and looks toward falling 100 hour MA .
The USDJPY is trading to a new high for the day and looks to test the broken 38.2% of the move up from the September low at 150.18. Above that is the falling 100 hour MA at 150.368. The price gapped below the 100 hour MA back on November 25 (Monday) and corrected up...
Key Contenders for Pentagon Leadership: Ernst, Hagerty, and DeSantis in the Spotlight
CNN is reporting: US Senator Ernst of Iowa is among the names under consideration to replace Hegseth as pick to lead the Pentagon.Trump allies are floating Senator Hagerty of Tennessee for the roleIt was earlier reported that US President-elect Trump is considering...
ECBs Holzmann: 25 basis point cut is conceivable in December. not more
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While the USD is little changed vs EUR, JPY, GBP, CHF, CAD,it is running vs the AUD & NZD
While the USD is within 0.12% of unchanged vs the EUR (+0.11)JPY (+0.03)GBP (+0.09%)CHF (+0.07%)CAD (+0.07%)The greenback is running higher vs the AUD and NZD:AUD (+1.03%)NZD (+0.75%)The previous video went through the key technical target which the AUD and the NZD...
The AUDUSD is running to the downside, but is now testing a key floor. What next?
The AUDUSD is running to the downside and is looking to test a key swing area support floor between 0.6433 and 0.64419. The price has bottomed in that area on 5 separate days over the last 15 trading days with the price finding buyers on each dip. Needless to say, a...
Bank of Korea: Will increase short term liquidity measures starting Wednesday
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