Stock heatmap by FinViz.com Fri, 30 Aug 2024 13:46:11 GMTOverview of Market SectorsToday's stock market heatmap reveals a broad spectrum of performances across various sectors, with the tech and consumer cyclical sectors taking the spotlight through impressive gains....
OPEC+ is likely to proceed with a planned gradual production increase from Oct — report
WTI crude oil dailyThere has been some talk that the planned OPEC+ barrel return would be pushed back but it's still coming, according to a report from Reuters that cites six sources.I'm not terribly surprised by the messaging. US oil companies set budgets in Sept/Oct...
US markets set to open higher today
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OPEC+ likely to proceed with planned output hike from October
OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters. Eight OPEC+ members are...
US dollar pops as we count down to month end
The US dollar jumped in the aftermath of the PCE report, though I'm not sure that correlation equals causation. The PCE report was a touch low, highlighting the downtrend in inflation. That should have weighed on the dollar and did initially, albeit slightly.A short...
US July core PCE +2.6% y/y vs +2.7% expected
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Canada June GDP +0.0% vs +0.1% expected
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Forexlive European FX news wrap 30 Aug – Eurozone CPI in line with expectations
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US home prices to climb steadily through 2026 but sales expected to dip
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ECB Muller says confidence growth in Sep cut but after that is less certain
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EU commission chief says must play stronger role in defence
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AUD the strongest and CHF the weakest
It's been a fairly choppy morning in FX so far.The AUD is the strongest but neck and neck with the Pound for the strongest on the session.The CHF is the weakest, with the JPY not to far behind it.Eurozone data this morning has been mixed with GDP data out of France...
USDCHF Technical Analysis – SNB’s Jordan isn’t happy with CHF strength
Fundamental OverviewAfter the strong push lower from last Friday when Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium, the USDCHF pair hasn’t moved much as the lack of catalysts this week kept the price action at bay.The...
Japan’s MOF reports zero yen intervention from July 30 to Aug 28
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Eurozone flash HICP YY 2.2% vs 2.2% expected
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The most important metric in trading
Most retail traders believe that the win rate is the most important metric in trading and it's usually the first thing they look at when searching for a strategy. That has to do with human psychology as we don't like pain and losses, so we try to avoid that as much as...
ECB Kazaks says he’s open to discussing a September cut
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BoE consumer credit 1.215B vs 1.300B expected
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Spanish current account balance 5.02B vs 5.56B prior
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China regulator to guide Alibaba towards better compliance and service quality
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