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ADP US October employment +113K vs +150K expected

ADP US October employment +113K vs +150K expected

US ADPDetails:small (less than 50 employees) +19K vs +95K priormedium firms (500 – 499) +78K vs +72K priorlarge (greater than 499 employees) +18K vs -83K priorChanges in pay:Job stayers 5.7% vs 5.9% priorJob changers 8.4% vs 9.0% prior“No single industry dominated...

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Equities in a more cautious mood so far on the day

Equities in a more cautious mood so far on the day

S&P 500 futuresAt the turn of the month, it's not looking too optimistic for stocks ahead of the main events later today. US futures are still pointing lower after a brief recovery at the start of European trading. In turn, European indices are also now trading...

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UK October final manufacturing PMI 44.8 vs 45.2 prelim

UK October final manufacturing PMI 44.8 vs 45.2 prelim

Prior 44.3It's just a slight downwards revision as UK manufacturing output, new orders and employment all showed declines in October. Meanwhile, business optimism fell further to a ten-month low. S&P Global notes that:“The UK manufacturing downturn continued at...

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Three Major Rates Decisions in One Oeek

Three Major Rates Decisions in One Oeek

● Rising yields may affect the BOJ's decision to control the yield curve.● Market expectations and current yields give a high probability of the U.S. Fed key rate pause.● The slowing U.K. annual inflation is the main reason for continuing the pause.The week's main...

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Currency Trading Made Clear: An Octa Guide

Currency Trading Made Clear: An Octa Guide

In the world of finance, there are many trading markets and assets, each with its own unique features. Today, we will explore the Forex market and how one can profit from trading currencies. Whether you are a seasoned trader or a novice stepping into the world of...

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FX option expiries for 1 November 10am New York cut

FX option expiries for 1 November 10am New York cut

There aren't any significant ones to really take note of for the day. As such, trading sentiment might be a bit more muted in European trading as we await the main events in the US. But if anything else, just be wary that we are seeing larger expiries build up above...

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Plenty of big events still to come on the week

Plenty of big events still to come on the week

Even today, while most market players might be focused on the FOMC meeting, I would say that the main event on the day is the Treasury refunding announcement. I detailed more on that yesterday here. As for the rest of the week, there is still the BOE monetary policy...

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