US Treasury 10-year yields (%) daily chartIf you go by the technicals, there is still more pain for bond bears after the strong rally in bonds in November. December itself is already following a similar pursuit, with 10-year Treasury yields down by 15 bps on the month...
USDCAD Technical Analysis – Watch what happens around this key resistance zone
USDThe Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement.Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt.The US Core PCE last...
Hot stocks defying market gravity: Resilience signals potential for further growth
Hot Stocks Surging Against Market Trends on December 7, 2023Despite a sluggish market on December 7, 2023, several hot stocks today exhibited remarkable resilience, suggesting a potential for further upward trends.Rising Stocks Defying Market Gravity:Tornd Holdings...
EU reportedly considers restarting WTO case against the US on steel tariffs
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USA100: Alphabet Announces New AI and Stock Soars 5%
USA100 – Alphabet Stocks Rise 5% Yesterday’s Market Analysis pointed to the potential for the USA100 to correct and regain Wednesday’s losses. Yesterday’s analysis also mentioned “the index is not within a short-term downward trend and each time the USA100...
China’s Politburo says will maintain prudent monetary policy next year
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European stocks slightly higher, US payrolls still eyed
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FX option expiries for 8 December 10am New York cut
There are a couple to take note of, as highlighted in bold.And they are both for EUR/USD at the 1.0750 and 1.0800 levels. As such, that is likely to help keep price action more contained in between that range before we get to the US jobs report later today. After the...
Germany November final CPI +3.2% vs +3.2% y/y prelim
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US jobs report the main draw in trading today
The dollar is trading more mixed and lightly changed overall, with the Japanese yen still stealing the spotlight after the volatile moves since yesterday. It's all about the US jobs report today and that itself will also have implications for broader markets, with...
Japanese yen still in the spotlight amid volatile trading
Despite that, the pair is just down 0.3% or roughly 40 pips to around 143.70 at the moment. The low earlier clipped 142.50 before a slight bounce. As things stand, the more important technical levels in play were the ones tested in trading yesterday:USD/JPY daily...
ForexLive Asia-Pacific FX news wrap: USD/JPY swings down to 142.50, comes back to 144
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RBC anticipates a modestly weaker non-farm payroll report
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Barclays analysts predict single-digit returns for US equities in 2024
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Oxford Economics predicts push back on rate cut expectations in the upcoming FOMC meeting
A note from Oxford Economics cited by Dow Jones / Market Watch. The chief US economist at the analyst firm says that bond and stock market moves in November, the big rallies in each, has made financial conditions much looser again:"The decline in yields and surge in...
US non-farm payrolls data – the key ranges for estimates to watch
The US non-farm payrolls data is due at 8.30 am US Eastern time on Friday, 8 December 2023. The ranges for the key data points are:Headline number 100K to 275KUnemployment rate 3.8% to 4.0%Average earnings m/m 0.2% to 0.4% (for the y/y 3.9 to 4.2%)And, while I'm here,...
China November inflation data will be released over the weekend (CPI and PPI)
China will publish its November inflation data over the weekend.The CPI has recently turned negative m/m and y/y China's National Bureau of Statistics (NBS) says declining inflation during October was mainly caused by softening food prices, Falling pork prices are a...
RBA: budget pressures affecting households Australia-wide, severe financial stress limited
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Is the ECB going to signal an early 2024 rate cut? Markets prepare for December meeting
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Japan’s 10-year government bond yield has reached a three-week high,
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