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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,...

Pending home sales reaches its lowest level on record (2001)Prior month +1.1% (they were expecting -1.8%) revised to 1.0%Pending home sales -1.5% versus -2.0% expectedPending home index 71.4 versus 72.5 last month (revised from 72.6). This is the lowest level on...

It is a month end today and US stocks have enjoyed a banner month. The S&P and NASDAQ index remain on track for the best month since July 2022. Incredibly the S&P has not experienced back-to-back losses this month. Yesterday the index fell marginally. Having...

This is a pretty big cut. It's not clear from the report how long the agreement is for. If it's through Q1, that would be extra bullish.OPEC+ is showing unprecedented unity and discipline right now but history shows there is a time bomb there and now there's more than...

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,...

Bonds are selling off, gold is lower and the US dollar is strengthening after headlines continue to suggest that OPEC will deliver a collective cut. An extension of current policy cut and the Saudi 'lollypop' 1 mbpd cut already appear to have been agreed and leaks...

Meetings used to be for deciding things.But with central banks and oil cartels, it's all decided ahead of time nowdays. The OPEC JMMC monitoring committee is meeting now and at 9:30 am ET (2:30 pm in London), the main meeting will get underway. It's all in virtual...

The US PCE data came in as expected across all monthly and yearly measures and headline and core as well. The surprise was in the continuing claims which search to 1.927M. That was the highest since November 2021.The market reaction is somewhat modest. Stocks remain...

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,...

Initial jobless claims and continuing claimsInitial jobs claims prior week 209K revised to 211Kinitial jobs claims vs 220K estimate.4-week moving average of initial jobs claims to 220K vs 220.50 last week .Continuing claims 1.927M versus 1.872M estimate. That is the...

Annualized q/q GDP -1.1% vs +0.2% expectedQ2 annualized q/q GDP revised to +1.4% from -0.2%September GDP +0.1% vs 0.0% expectedAugust GDP was 0.0%Prelim Oct GDP +0.2%Q2 GDP revised to +0.3% from 0.0%GDP implicit price Q/Q +1.8% vs +0.7% prior (prior revised to...

Headlines:Markets:USD leads, EUR lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields up 2.3 bps to 4.293%Gold down 0.3% to $2,038.08WTI crude up 0.8% to $78.47Bitcoin up 0.3% to $37,841The session started off with the dollar looking...