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Prior 10kUnemployment rate 5.8% vs 5.8% expectedPrior 5.7%German unemployment rose more than expected in October, showing some mild cracks in the resiliency of the labour market over the last few months. The jobless rate also ticked slightly higher, so this is going...

Prior 39.6The headline reading is an improvement to September but is still a very poor one as weak demand conditions are weighing heavily on Germany's manufacturing sector. Of note, job cuts are also picking up and that will be something to be mindful about in the...

Prior 44.2France's manufacturing woes continue to deepen to start Q3 with the steepest drop in new orders since 2009 - that is if you take out the pandemic-hit months. Meanwhile, business confidence has also plunged to a three-and-a-half year low. HCOB notes...

Prior 46.8That's a miss on Italy as well as manufacturing conditions continue to be hampered by weak demand. Of note, output and new sales were seen contracting at a faster pace in October. HCOB notes that:“It doesn’t look good for the Italian manufacturing sector....

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,...

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,...

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,...

The dollar has been the frontrunner in the last few months and it owes much to a rout in the bond market. Soaring Treasury yields alongside a more robust economy helped to provide the necessary tailwind for the dollar to outperform its peers. But now, are we poised...

Right now, the pair has one thing working in its favour for a move higher. But that particular factor is two-fold and so that amplifies the potential for a stronger relief rally in AUD/USD at the moment. Since the drop below 0.6500 in August, the pair has been caught...

The USD moved lower into the close yesterday after the FOMC kept rates unchanged and the Fed Chair was a little more dovish - at least in the short term. The USD selling continued into the early APAC session and has not let up much. US yields continued their fall with...

10-year Treasury yields took a big tumble in trading yesterday as the Treasury quarterly refunding announcement was not as bad as feared. The flood of supply was lower than anticipated and that sparked a rally in bonds, helped by a less hawkish take by Powell. The...

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,...

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,...

The price of crude oil has risen $1.02 $81.44. Looking at the daily chart, the price is extending back above its 100 day-moving average (blue line on the chart below) at $81.25.The price has moved lower for 3 consecutive days. On Friday the high price extended to...