Details:Output (production) +5.2 vs +7.9 priorNew orders -8.8 vs -5.2 priorEmployment +6.7 vs +13.6 priorOutlook -17.1 vs -17.5 priorPrices paid for raw materials +13.6 vs +25.0 priorPrices received -2.1 vs +1.8 priorWages +24.4 vs +34.8 priorComments in the...
BOJ to consider policy tweak to allow 10-year yields to exceed 1% — report
USDJPY 30 minsUSD/JPY is falling on a Nikkei report.The Bank of Japan is set to consider a further adjustment to its yield curve control (YCC) framework at Tuesday's monetary policy meeting, potentially allowing 10-year Japanese government bond yields to rise above...
Nasdaq surges as war fears unwinds
Nasdaq Comp dailyThe rout in the Nasdaq late last week is unwinding as the market gets a (somewhat) clearer view on the Middle East.Israel started its ground offensive late on Friday and it didn't trigger the opening of a second front, at least not yet. It also...
The economy according to McDonald’s
MCD dailyMcDonald's reported earnings today and shares are trading close to flat.Here are some comments from the company:Overall had a slight dip in traffic in Q3Traffic from low-income consumer was negative across industry but McDonald's continued to have traffic...
A reminder on futures trading from Homer Simpson
I was getting some pumpkins for the kids yesterday and a guy was loading up his truck with $4 grocery store pumpkins and bringing them downtown, where he said he was getting $15 for them. Lets hope he unloads the inventory before tomorrow.In any case, this clip always...
German October prelim HICP inflation 3.0% y/y vs +3.3% expected
German HICP yyPrior was +4.3%HICP m/m -0.2% vs +0.1% expectedPrior m/m HIPC +0.2% CPI 3.8% y/y vs 4.0% expectedCPI 0.0% m/m vs +0.2% expectedPrior m/m +0.3% A softer reading would have been baked in with the regional numbers and the market doesn't seem to care about...
Eyes on the US Treasury with borrowing requirements to come
AI imageThe Fed decision is the headliner on this week's US economic calendar but the Treasury threatens to steal the show.Today at 3 pm ET, the Treasury will release its quarterly borrowing requirements for Q1 while the details of auction sizes will come Wednesday at...
Nasdaq Composite Technical Analysis – The bears are eyeing the 12274 support
Last week, the risk sentiment started on a positive note at the beginning of the week due to the lack of a ground offensive in Gaza. Unfortunately, things went south from Wednesday onwards as Israeli PM Netanyahu delivered a speech where he said that they were...
ForexLive European FX news wrap: Risk sentiment picks up, dollar mixed on the day
Headlines:Markets:AUD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.7%US 10-year yields up 4.7 bps to 4.892%Gold down 0.7% to $1,992.40WTI crude down 1.3% to $84.41Bitcoin up 2.1% to $34,576It is shaping up to be a bit of a mixed start...
Type of Trader: Position Trader
A position trader is a type of trader who holds a position in an asset for a long period, typically from months to years. Unlike day traders who make numerous trades every day, or swing traders who hold onto positions for days or weeks, position traders are more...
Traditional Currencies vs. Cryptocurrencies: A Comprehensive Comparison
In the world of finance, two types of currencies dominate the scene - traditional currencies and cryptocurrencies. Both have their unique features, advantages, and disadvantages. This article aims to provide a comprehensive comparison between these two types of...
Gold and oil fall back as safety flows unwind again after the weekend
Since the Israel-Hamas conflict escalated earlier this month, gold and oil have been the two assets that are arguably impacted the most. And heading into every weekend since, we have seen both commodities gain ground only to fall back again on the following Monday....
Bond yields nudge a little higher on the day
The back and forth continues in the bond market, as yields are trickling higher to start the new week. The more tentative mood on Friday might be caused by safety flows but we are seeing that unwind all across the board with both gold and oil sitting lower while...
Russell 2000 Technical Analysis – The bears will be waiting at these levels
Last week, the risk sentiment started on a positive note at the beginning of the week due to the lack of a ground offensive in Gaza. Unfortunately, things went south from Wednesday onwards as Israeli PM Netanyahu delivered a speech where he said that they were...
German economy ministry says Q3 GDP contraction was expected
As mentioned earlier, anything but a negative quarter-on-quarter reading would've been a surprise. But a 0.1% contraction in gross domestic product in Q3 is the best-case scenario in that event. A recession is on the cards for Germany but the question now is for how...
Microsoft Stock Hikes Following Report. Analysts’ Forecast
The tech giant released its report for the first quarter of the 2024 financial year, and investors were pleasantly surprised by the stock's substantial growth. In contrast, several other tech companies failed to impress market players with their earnings, leading to a...
Eurozone October final consumer confidence -17.9 vs -17.9 prelim
Economic confidence 93.3 vs 93.0 expectedPrior 93.3; revised to 93.4Industrial confidence -9.3 vs -9.5 expectedPrior -9.0; revised to -8.9Services confidence 4.5 vs 3.4 expectedPrior 4.0; revised to 4.1Euro area economic sentiment is little changed on the month, as...
Saxony October CPI +4.5% vs +5.4% y/y prior
This just reaffirms the much softer annual consumer price readings in Germany on the month. As a whole, this should see the national estimate later come in around 3.7% to 3.9% - which would be lower than the expected reading of 4.0%. But core annual inflation should...
Market Update – October 30
Stock markets struggled overnight. Mainland China bourses found buyers, but JPN225 and ASX declined, as markets watched developments in the Middle East. Risk sentiment improved during the start of the week as Israel seemed to be moving with more caution than...
S&P 500 Technical Analysis – Watch these key resistance levels
Last week, the risk sentiment started on a positive note at the beginning of the week due to the lack of a ground offensive in Gaza. Unfortunately, things went south from Wednesday onwards as Israeli PM Netanyahu delivered a speech where he said that they were...