The major indices move lower on the day ahead of the Thanksgiving day holiday tomorrow. The markets will reopen on Friday. The mega caps and technology stocks moved lower with Dell leading the way after disappointing guidance for the Q4:A snapshot of the closing...
RBNZ Asst Gov Silk: Manufacturing, retail, construction will start to see recovery in 2025
Comments from RBNZ Asst Governor SilkResidential investment, manufacturing, retail trade, construction in New Zealand will start to see more recovery in early 2025.Geopolitical risks pose uncertainty, can have an impact on inflation and growth.Restrictive policy...
Atlanta Fed GDPNow growth estimate for Q4 rises to 2.7% from 2.6% on November 19
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Crude oil futures settles at $68.72
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EURUSD backs off to the 38.2% retracement. Can the buyers stall the fall?
The EUR/USD began the U.S. session with a break above the 200-hour moving average at 1.05203, signaling bullish momentum. The rally pushed the price through the 38.2% retracement level at 1.05628, but it quickly pulled back, dipping below yesterday's high of 1.0544....
Assuming Trump actually puts the tariffs on Canada and Mexico
Few people think Trump will actually follow through with 25% across-the-board tariffs on Canada and Mexico, at least not for any length of time. But with Trump you need to prepare for anything and that's what Deutsche Bank has done today with forecast scenarios that...
Geopolitics: German foreign intelligence says Kremlin since Germany as an adversary
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Bitcoin races up to 100 and 200 hour MA and finds some apprehension
The price of Bitcoin is trading up around $3800 today at $95,750. The high for the day has reached $96,435. The move higher took out the 100 and 200-hour MAs at $95,632 and $95,932 respectively. However, there is some apprehension on the break. Buyers and sellers are...
When the bond market turns, USD/JPY gets crushed. 5 reasons behind the drop
USD/JPY is down a whopping 260 pips today following a 140-pip decline yesterday. The pair is trading at 150.46 fr om a high of 156.76 mid-month.That's a real turn and it's particularly dramatic today as the US dollar is dogged by month-end flows.USD/JPY dailyIt's a...
USDCAD falls to converged 100/200 hour MA. Key target suport.
The USD/CAD surged sharply higher on Tuesday following news of a proposed 25% tariff on all Canadian goods by former President Trump, contingent on the continued "stream of illegal immigrants" at the border. Adam addressed the issue here: "Tariff man loses his...
European equity close: A third day of declines this week
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US sells 7-year notes at 4.183% vs 4.197% WI
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AUDUSD stalls the rally near the 100 hour MA. Can the buyers push through?
The AUD/USD moved higher in response to a weaker USD, but sellers stepped in near the falling 100-hour moving average, pushing the price back down. The decline found support at the high of a key swing area, where buyers leaned in and drove the pair back toward the...
US dollar slides further as monthly flows weigh
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US stocks are mixed w/the NASDAQ and S&P are lower. Russell 2000 and Dow are higher
The major stock indices are mixed with the NASDAQ and S&P lower. The small-cap Russell 2000 and Dow industrial average are trading higher. A snapshot of the market currently shows:Dow industrial average was 40.07 points or 0.09%. S&P index -22.79 points or...
EIA weekly US oil inventories -1844K vs -605K expected
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US pending home sales for October 2.0% versus -2.0% estimate
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US October core PCE +2.8% y/y vs +2.8% expected
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Trump to pick Keith Kellogg as special envoy to end Ukraine war – report
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US PCE inflation coming up next
Eyes are on US inflation with the market pricing in a 65% chance of a cut at the December FOMC. That ticked up about 8 points yesterday with the FOMC minutes highlighting a strong consensus around gradual rate cuts.The main number to watch is core PCE, which is...