The headlines:This just adds more reason for the ECB to hold and also draws in the argument that perhaps we might get rate cuts sooner rather than later in the Eurozone. That especially as the economy is on the softer side heading towards year-end, although a hard...
OPEC+ meeting reportedly to go ahead as expected later today
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France November preliminary CPI +3.4% vs +3.7% y/y expected
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France Q3 final GDP -0.1% vs +0.1% q/q prelim
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Germany October retail sales +1.1% vs +0.4% m/m expected
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USD/JPY tests key technical level, eyes further breakdown
USD/JPY vs US Treasury 10-year yields (%) daily chartUSD/JPY is down another 0.2% today to 146.90 currently and is contesting a drop below its 100-day moving average (red line) of 147.05. It is also the first time that the pair is seen crossing the line below either...
More inflation data coming up in Europe today
The dollar is barely keeping its head above water but is still down for a third straight week in a row now. With bond yields tumbling lower, the greenback is seeing a rough week but it really could've been much worse by a lot of metrics. Softer euro area and Australia...
BOJ’s Nakamura: Hard to pinpoint timing of policy shift as of now
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Saudi Arabia to keep voluntary production cuts in Q1 2024 – ANZ
That seems to be the expectation, even after the rifts that we have seen among OPEC+ members coming into today's meeting. Besides that, ANZ is forecasting oil to trade in the range of $85 to $90 in the first half of next year.As for their other commodities outlook,...
Japan November consumer confidence index 36.1 vs 35.7 prior
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ForexLive Asia-Pacific FX news wrap: China PMI, manufacturing further into contraction
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JP Morgan predicts S&P 500 drop to 4,200 by end-2024
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Bank of England speaks today – expect hawkish views
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China’s Powerlong Real Estate has defaulted on its debt payment
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Federal Reserve Bank of New York President John Williams keynote speech coming up
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AUD flips the switch to bid on China stimulus hopes up
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European Central Bank President Lagarde is speaking Thursday
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Oil prices edge down ahead of OPEC+ meeting as demand concerns resurface
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Former United States Secretary of State Henry Kissinger has passed away
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BOJ’s Nakamura says it’ll be some time before easy money policy is changed
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