BNZ – BusinessNZ Performance of Manufacturing Index (PSI), AKA the New Zealand Manufacturing PMI.For October 2023, comes in at 42.5, down from September's 45.3.This is apoor report indeed. NZD/USD is dribbling a little lower, circa 0.5895 or so. It fell alongside...
Economic calendar in Asia Friday, 10 November 2023: RBA’s Statement on Monetary Policy
There is not a lot on the data agenda for the session ahead, the Reserve Bank of Australia statement will be the focus although it shouldn't move the AUD too much upon release. The Statement on Monetary Policy (SoMP) will update economic forecasts and the Bank's...
Trade ideas thread – Friday, 10 November 2023
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,...
US stock indices end winning streaks, Fed Chair Powell expresses doubt
The major US stock indices are closing lower. In doing so, both the S&P and the NASDAQ index snapped winning streaks of 9 and 8 days respectively. Nevertheless, those were the longest streaks going back to 2021. It wasn't a bad run.A snapshot of the closing levels...
[속보] 5~30만원 현금 지원!! 전국 만60~80세 혜택!! 교통비, 장수수당, 이미용비.. 지자체별 지급액 총정리!! ]#3.1경제독립tv
https://www.youtube.com/watch?v=jC_UFTvYl4Y [속보] 5~30만원 현금 지원!! 전국 만60~80세 혜택!! 교통비, 장수수당, 이미용비.. 지자체별 지급액 총정리!! ]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
USDCHF breaks key resistance levels, maintains bullish bias
The USDCHF moved higher off of the Fed Chair comments and in the process has extended above its 200-hour moving average currently at 0.9024 and the broken 38.2% retracement of the move up from the October 24 low. That level comes in at 0.9026. Staying above both those...
Peso weakens after Banxico maintains interest rates
The Bank of Mexico chose to keep its highest benchmark policy rate at 11.25%, as expected, at its November 2023 meeting. This decision, the fifth consecutive pause, follows a series of 15 rate hikes since June 2021. Although annual headline inflation eased slightly in...
Powell Q&A: US economy has been stronger than expected this year
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,...
Caution: US dollar jumps as the market re-thinks more-dovish Fed path
EURUSD 10 minsHere's a hint of what's to come.The Fed funds futures market was pricing in as much as 100 bps of cuts in 2024 last week after the Fed and non-farm payrolls. Now, that's been pared back to 76 bps.Essentially, that's a full round trip from pre-Fed...
MercadoLibre’s Impressive 65% Growth in 9 Months. Is there potential for further growth?
While the economic situation in many South American countries remains quite unstable, the local online commerce platform MercadoLibre continues its month-by-month growth. However, it’s a stretch to call it merely “local”, considering South and Central America's status...
NASDAQ index slips below 100-day average as bearish signals intensify
NASDAQ index is a back below its 100 day moving averageThe NASDAQ index has moved back below its 100-day moving average at 13615.60. That index moved above its 100-day moving average on Tuesday and closed above it for 2 consecutive days. Those 2 days were one day...
Video: Jerome Powell speech interrupted by climate protestors
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,...
USD gains momentum as Powell signals Fed’s uncertainty in rates
The USD is moving higher after Powell indicated that he is not confident that the Fed has reached its peak in rates.EURUSD: The EURUSD is moving back down toward the low of the swing area between 1.0674 and 1.0694 below that is a 38.2% retracement of the move up from...
Powell: We are not confident that we’ve achieved sufficiently restrictive policy
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,...
Watch live: Jerome Powell speaks on an IMF panel
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,...
China’s largest bank hit by ransomware attack that may have disrupted Treasury market
The FT reports that the Industrial and Commercial Bank of China was hit by a ransomware attack that may have disrupted the US Treasury market.The report says ICBC was prevented from settling bond trades on behalf of others. It's a worrisome attack at China's largest...
So much for the bond rally
Real money didn't show up at the 30-year Treasury sale today.The market was looking for a yield of 4.716% but the Treasury had to pay 4.769% at the dutch auction to unload all $24 billion. That's a bad sign on real demand for bonds and suggests that a good portion of...
US treasury auctions off $24 billion of 30 year bonds at a high yield of 4.769%
US Treasury auctioned off $24B of 30-year bondsHigh Yield 5.769%: 6-auction average 4.155%, prev. 4.837%WI level at the time of the auction: 4.716%Tail 5.3 basis points: 6-auction average 0.9bps, prev. 3.7bpsBid-to-Cover 2.24X: 6-auction avg. 2.44x, prev. 2.35xDealers...
More from Fed’s Paese:Not sure public expectations are aligned with likely Fed policy path
St. Louis interim Pres PaeseKathleen O'Neill Paese - St. Louis Fed interim replacement and not a voter this year - is back on the wires saying:Not sure public expectations are aligned with likely Fed policy pathShe is sounding a bit more hawkish (chip off the ole...
The US treasury to auction off $24 billion of 30 year notes at the top of the hour
The U.S. Treasury will auction off $24 billion of 30 year bonds at the top of the hour.Below are the key components of the auction, along with the 6-month averages of the components. Traders – and the market – will judge the success or failure of the auction versus...