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Latest US trade restrictions reportedly set to hit China’s semiconductor industry
The latest measures will see the US add roughly a dozen Chinese toolmakers and their subsidiaries/affiliates to the Commerce Department's restricted trade list. In total, this will restrict exports to 140 companies in what is the third crackdown in three years on the...
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Geopolitics: Not in stage of optimism, but have made progress toward deal with Hamas
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EURUSD tests key 200 hour MA and finds support buyer but with more work to do
The EURUSD has pushed lower in the new trading day/week and in the process has moved below the 100 hour MA at 1.05328 and down to test its 200 hour arrears or 1.05174. The price has bounced modestly off that moving average as risk focus buyers will to lean against...
AUDUSD falls with the gain in the USD today and finds support buyers near the 100 hour MA
The AUDUSD has faced persistent resistance at the falling 100-bar moving average (MA) on the 4-hour chart, attempting to break above it three times over the past five trading days. Each attempt, including the most recent on Friday, failed to generate sustained upward...
USDCAD moves up to retest the 100 hour MA and broken 38.2% retracement
The USDCAD is climbing higher at the start of the new trading week, supported by the USD's upward momentum. The pair is approaching two significant technical levels: the 100-bar moving average (MA) on the 4-hour chart and the broken 38.2% retracement of November's...
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Netanyahu: Conditions are ready after the end of the war in the north, to deal wi. Gaza
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China’s Caixan S&P Global Manufacturing PMI 51.5 vs 50.3 in October
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HKs Hang Seng index set to open up 0.1%
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PBOC sets USD/ CNY mid-point today at 7.1865 (vs. estimate at 7.2384)
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Japan manufacturing PMI for November 49.0 versus 49.0 previous
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Pres. Biden issues a pardon for Hunter Biden
In what will likely draw political ire from the GOP and Pres. Elect Trump, President Biden has decided to pardon his son Hunter Biden. The decision is a reversal of Biden's previous public statements that he would not pardon his son or commute his sentence.Biden faced...
Australia company profits pretax Q3 1.6% versus -1.7% previously
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Australia business inventories for Q3 -0.9% versus -0.4% expected
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Australia retail sales for October 0.6% versus 0.4% estimate
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Australia building approvals for October 4.2% versus 1.5% estimate
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Sellers dominate in the first few hours of trading in the EURUSD toward MA support
The EURUSD has moved down around -0.38% in the first few hours of trading in the new week, and in the process has moved down to test its 100 hour AM at 1.05305. That MA is just above the 200 hour MA at 1.05188. Both those MAs would need to be broken in the new week to...