Prior was -1.5% (revised to -3.8%)This is a good report but not nearly as good as it looks before the revision. Canadian developers are still working through a deep pipeline but there's a big shakeout in the Canadian mortgage and housing markets right now that will...
US September PPI +2.2% vs +1.6% expected
US Core PPI YoYPrior was +1.6% (revised to +2.0%)Prices +0.5% m/m vs +0.3% expectedEx food/energy +2.7% y/y vs +2.3% expectedEx food/energy +0.2% vs +0.3% prior (revised to +0.2%)The US dollar rose around 20 pips on the headlines but has quickly retraced. Similarly,...
US PPI coming up next
US Core PPI YoYPPI isn't always a market mover but inflation fears are back in the air with the recent rise in bond yields so today could be an exception. PPI is expected up 0.3% m/m and 1.6% y/y.At the same time, Canadian building permits for August will be...
Nasdaq Composite Technical Analysis – Key levels in play
The events in the Middle East have not impacted the Nasdaq Composite as the market is likely to ignore that as long as the conflict remains confined to just Israel and Hamas. The strong NFP report last Friday and the recent comments from Fed members where they keep...
ForexLive European FX news wrap: Dollar holds steady for now amid further drop in yields
Headlines:Markets:CHF leads, NZD lags on the dayEuropean equities mostly higher; S&P 500 futures up 0.3%US 10-year yields down 9.5 bps to 4.560%Gold up 0.5% to $1,870.73WTI crude down 0.8% to $85.27Bitcoin down 0.7% to $27,200It was a slow session for the most...
What is an Imbalance in Forex?
In asset trading, foreign exchange, or Forex, occupies a unique niche. Foreign exchange is one of the most significant global economic events. Simply put, it is a virtual international market where currencies are bought and sold.Multiple factors drive this dynamic...
ECB’s de Cos: Core inflation has turned a corner
> Central Banks > ECB's de Cos: Core inflation has turned a corner Central Banks Remarks by ECB policymaker, Pablo Hernandez de Cos <!--> --> Justin Low Wednesday, 11/10/2023 | 11:12 GMT-0 11/10/2023 | 11:12 GMT-0 <!--> --> More confident that...
US MBA mortgage applications w.e. 6 October +0.6% vs -6.0% prior
Prior -6.0%Market index 179.3 vs 178.2 priorPurchase index 137.5 vs 136.6 priorRefinance index 385.8 vs 384.6 prior30-year mortgage rate 7.67% vs 7.53% priorAfter a sharp drop in mortgage applications in the week before, there is a mild bounce back in activity with...
Copper Technical Analysis – The buyers are eyeing the top trendline
The recent breakout of the symmetrical triangle led to a fall into the key support around the 3.54 level. The causes are the tighter monetary conditions that are leading to a slowdown in global growth. Moreover, in the past weeks we also had some risk aversion due to...
[수익 인증] 부업으로 월 170~230만원 돈버는 새로운 방법 (나이 학력 무관! 0원으로 누구나 가능! 50대인 저도 매달 부수입 얻어요) ft.별하나팡팡
https://www.youtube.com/watch?v=HkbflAZ0h7Q 그동안 다양한 직장인 부업을 소개해 드렸는데요, 오늘은 부업으로 월 170~230만원을 순수익으로 벌고 있는 새로운 돈버는 방법을 소개합니다. 이번에 만난 인터뷰이는 별하나팡팡 님인데요, 별하나팡팡 님은 정년이 가까워오는데, 자녀들은 아직 학령기라서 월급만으로는 답이 나오지 않아, 본업과 병행 가능한 부업이 필요했습니다. 우연히 시작한 부업을 통해, 현재는 해당 부업만으로도 월 170~230만원...
Xsolla Announces Acquisition Of Lightstream Rainmaker And Api.Stream
Xsolla, a global video game commerce company, is thrilled to announce its strategic acquisition of Lightstream, Rainmaker, and API.stream from Videndum, the parent company. These innovative sets of tools are designed to revolutionize the landscape of content creation...
Dollar relatively steady so far on the session
It's a slower session all around so far as major currencies are mostly little changed against the dollar for now. The ranges for the day are also relatively narrow, so that's not leaving much to be desired in European morning trade. Here's a snapshot of dollar pairs...
GBPJPY Technical Analysis – We are at a key resistance zone
UK:The BoE kept interest rates unchanged at the last meeting. The central bank is leaning more towards keeping interest rates “higher for longer” but it kept a door open for further tightening if inflationary pressures were to be more persistent. Key economic data...
ECB’s Knot: Policy is in a good place now
Inflation is still too highBut effects of inflation shock are waningEconomic cooldown desirable to tame inflationRestrictive policy will be needed for some timeStands ready to adjust rates further if disinflation process stallsFor one of the more hawkish members to...
Market Update – Asia stocks hit 2-week high as Fed talk turns dovish
Stock markets moved higher overnight, as jitters over the Israel-Hamas war continued to ease and traders trimmed expectations for further rate hikes in the US. There were also reports of further and more comprehensive stimulus measures for China, although while the...
Fed’s Bowman: Interest rates may need to rise further
Inflation remains well above the FOMC's 2% targetJob market remains tightThis suggest policy rate may need to rise furtherAnd stay restrictive for some time to return inflation back to target goalThe headline is mainly to keep the option on the table but unless we get...
Eurozone consumers still see inflation higher for longer
Inflation in the next 12 months seen at 3.5% (previously 3.4%)Inflation for 3 years ahead seen at 2.5% (previously 2.4%)That's not reassuring as households/consumers are seemingly not convinced that the central bank can return inflation back to the 2% mark by...
Treasury yields dip further as Middle East tensions linger
US Treasury 10-year yields (%) 5 mins chartIt's a notable drop in the last ten minutes or so as there is a headline saying that two missiles have been fired from Lebanon towards Israel, as reported by local state media NNA. Besides that, I'm not seeing anything else...
FX option expiries for 11 October 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to be influenced by broader market developments. And in today's (and tomorrow's) case, it will center around US economic data releases. We will get PPI data later and...
A more tentative mood greets European traders today
Major currencies are little changed and the overall mood in the equities space is more tepid at best to start the session. European indices posted very strong gains in trading yesterday but are checked back slightly today, not helped by a fall in French stocks after...