British Retail Consortium (BRC) data for December 2024:Total sales +3.2% y/y, biggest jump since March 2024November was -3.3%Note, Black Friday fell in the BRC's December period in 2024 and in November in 2023, distorting year-on-year comparisonsLike-for-like sales...
Goldman Sachs trim 2025 Federal Reserve rate cut forecast, now expect 75bp (100 prior)
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TD remain bearish on CAD
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North Korea is planning to launch an ICBM before trump’s inauguration
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More on Goldman Sachs cutting their 2025 gold price forecast
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,...
Australian consumer confidence, weekly survey, jumped in the first week of 2025
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ICYMI – German December inflation came in much higher than estimated
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Forexlive Americas FX news wrap 6 Jan: Canada PM Trudeau to step down
Markets:WTI crude oil fell $0.49 or -0.65% at $73.43Gold down $-2.23 or -0.08% at $2636.47silver euros $0.35 or less 1.17% at $29.94Bitcoin is back above the $100,000 level at $101,830. The high price reached $102,514The US dollar fell versus most of the major...
ICYMI – OPEC’s crude oil production declined in December, driven primarily by the UAE
ICYMI - reports Monday US time on OPEC oil supply dipping a touch in December. Info via Bloomberg (gated). OPEC's crude oil production declined in December, driven primarily by the UAE's efforts to implement supply cuts aimed at stabilizing global oil markets. Output...
US stocks close mixed. Dow down modestly. Nasdaq leads.
The major US stock indices are closing mixed with the Dow industrial average down marginally while the NASDAQ index leads the advances.A look at the numbers shows:Dow industrial average -25.57 points or -0.06% at 42706.56.S&P index +32.91 points or 0.55% at...
Economic calendar in Asia Tuesday, January 7, 2025 – a light one
Its going to be a light data agenda during the Asian session for today. I've stuck a box around one thing that'll come later from China. Justin will pick it up. FX reserves data include data on gold purchases, which is much awaited. The People's Bank of China (PBOC)...
Trade ideas thread – Tuesday, 7 January, insightful charts, technical analysis, ideas
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Crude oil settles at $73.56
Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0.38). The price has not traded above the 200-day average since...
How Bank of America sees the China trade unfolding in 2025
Bank of America writes about its China outlook for the year ahead and says:"We advise investors to stay vigilant, start defensive (high yield value) in early 2025, and add quality beta on major corrections and/or strong stimulus. If credit growth accelerates notably...
Bitcoin back above $100,000. What next technically speaking?
The price of Bitcoin fell below a swing area and 38.2% retracement between $92,092 and $92,442 and did the same thing on December 31. Both breaks failed.The inability to extend and stay below that level gave buyers a reason to buy technically. The price started to...
US equities lose altitude after a strong start
There has been a round trip in a number of risk assets on the Trump tariff story and the subsequent denial. Stock markets have largely held up but that could be changing as we enter the latter parts of the day.The S&P 500 is up 33 points to 5975 after rising as...
EURUSD confined in a narrow range after sharp run higher stalls. What next for the pair?
The EURUSD moved sharply higher earlier today helped by the Washington Post article on the Trump tariffs. The news was more dovish and less inflationary and the USD and yields moved lower.For the EURUSD the pair extended above the 100 hour MA (at 1.03403), 200 hour MA...
WTI crude oil rejects $75 in a reversal
The week started strong for the oil market on global growth hopes after the WaPo report downplayed Trump's tariff ambitions. But crude ran into sellers right at the $75.00 level and then Trump denied the report.That meant that $74.99 marked the high for the day for...
The gloomy start to the year for China continues with today’s reversal
US-listed China ETFs are struggling today, erasing earlier gains. There was some optimism on the report about Trump softening tariffs but the President-elect later denied that report and China is back in the doldrums.The MCHI ETF is now 2% lower and at the worst...
US sells 3-year notes at 4.332% vs 4.320% WI
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