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US stocks trading mixed in early trading

US stocks trading mixed in early trading

The major US stock indices are trading mixed with the Dow Industrial Average trading higher. The S&P near unchanged and the NASDAQ index down once again. Major indices are tracking for their worst weeks since October. That's not hard given the nine week win streak...

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US dollar climbs as jobs data highlights robust economy

US dollar climbs as jobs data highlights robust economy

The US dollar is at the highs of the day against the yen, up 124 pips to 144.60. It's the third day of large gains in that pair to start the week and it's backed today by an 8 bps rise in 10-year yields to 3.985%.The latest leg of gains came after lower-than-expected...

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US weekly initial jobless claims 202K vs 216K expected

US weekly initial jobless claims 202K vs 216K 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,...

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US December Challenger layoffs 34.82k vs 45.51k prior

US December Challenger layoffs 34.82k vs 45.51k prior

Prior 45.51kUS-based employers announced 34,817 job cuts in December and that brings the total number of layoffs in 2023 to 721,677 jobs. For some context, that is a 199% increase from the 363,284 layoffs announced in 2022. So, if you want any further evidence that...

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Euro and sterling hold slight gains after PMI deluge

Euro and sterling hold slight gains after PMI deluge

While the UK economy arguably ended the year on a high, the Eurozone economy is still suffering a downturn even with the positive revisions to the French and German data earlier. But amid a steadier market mood today, the euro and pound are able to push a little...

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UK December final services PMI 53.4 vs 52.7 prelim

UK December final services PMI 53.4 vs 52.7 prelim

Prior 50.9Composite PMI 52.1 vs 51.7 prelimPrior 50.7The good news here is that UK business activity seems to be holding up well in December, with both output and new work rising for a second month running. That being said, employment is a bit of a weak spot while...

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Market Recap:Sentiment stable for now

Economic Indicators & Central Banks: The Fed’s minutes to the December 12-13 meeting showed some pushback against imminent easing, while still acknowledging the rate cuts penciled in with the dots. The report showed “all” participants said clear...

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Bavaria December CPI +3.4% vs +2.8% y/y prior

Bavaria December CPI +3.4% vs +2.8% y/y 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,...

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