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Treasury yields nudge towards the highs for the day as Trump confirmed as election winner
US Treasury 10-year yields (%) daily chartThat is the highest level in four months and carries on from the surging run since October. And this is in part fueling the dollar gains on the day with EUR/USD now down nearly 2% at 1.0715 and USD/JPY up 1.7% to 154.15...
The calls are officially out now, Trump has won the US presidential election
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Gold Technical Analysis – Is this the beginning of a bigger pullback?
Fundamental OverviewGold is trading lower today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bearish scenario for gold in the short-term as it would make the tax cuts...
Eurozone September PPI -0.6% vs -0.6% m/m expected
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The race for control of the House is playing out accordingly for the most part thus far
The NYT projection has Republicans with 194 seats and Democrats with 173 seats at the moment. And among the key 'competitive' districts here, there are still 45 left to officially report. That said, some of the votes are likely to be called imminently. So, let's take...
Crypto Cities: Futures vs. Options in Crypto Markets
The cryptocurrency market is evolving rapidly, and with it, advanced financial instruments like futures and options have emerged as popular tools for traders seeking to maximize their investment strategies. While these derivatives allow for speculative trades and...
UK October construction PMI 54.3 vs 55.5 expected
Construction PMI 54.3 vs 55.5 expected and 57.2 prior.Key findings:Civil engineering remains best-performing category, followed by commercial work. Renewed decline in house building. Business optimism slips to ten-month low.Comment:Tim Moore, Economics Director at...
Dollar sits comfortably higher but takes its foot off the gas pedal for now
The dollar continues to hold higher across the board but not really pushing further upside in European morning trade. USD/JPY is up 1.5% to 153.95 with the earlier high touching 154.37. Meanwhile, EUR/USD is seen down 1.5% to 1.0765 but well off lows of 1.0702 when...
Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development
SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo.Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in...
Eurozone October final services PMI 51.6 vs 51.2 prelim
Prior 51.4Composite PMI 50.0 vs 49.7 prelimPrior 49.6The euro area economy kicks start Q4 in stagnation mode with heavyweights Germany and France dragging down the overall performance. A further weakening in demand conditions is to blame but just be wary that...
Germany October final services PMI 51.6 vs 51.4 prelim
Final Services PMI 51.6 vs. 51.4 expected and 50.6 prior.Final Composite PMI 48.6 vs. 48.4 expected and 47.5 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 51.6 (Sep: 50.6). 3-month high. HCOB Germany Composite PMI Output Index at 48.6 (Sep:...
France October final services PMI 49.2 vs 48.3 prelim
Prior 49.6Composite PMI 48.1 vs 47.3 prelimPrior 48.6The revisions are positive but still marks a drop from September. The details reveal the sharpest drop in new business since January with growth expectations also declining markedly compared to the month before....
Italy October services PMI 52.4 vs 50.5 expected
Services PMI 52.4 vs. 50.5 expected and 50.5 prior.Composite PMI 51.0 vs. 49.7 prior.Key findings:New business rises modestly following two successive months of decline. Activity growth accelerates to four-month high. Employment levels broadly unchanged in...
USDJPY Technical Analysis – Trump is 47th President of the US
Fundamental OverviewThe US Dollar is higher across the board today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bullish scenario for the greenback as it would make the...
Spain October services PMI 54.9 vs 56.8 expected
Prior 57.0Composite PMI 55.2Prior 56.3The growth momentum in Spain's services sector weakened in October but is still a solid reading nonetheless. Both sales and demand showed improvements, contributing to the strong activity. The added good news is that jobs growth...
European indices open higher as positive sentiment catches on
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US futures continue to ramp higher on the day
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Trump: This is a magnificent victory for the American people
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Trump takes to the stage at Palm Beach Convention Center
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,...