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Flash Judo Bank / S&P Global October PMI reading is here:Warren Hogan, Chief Economic Advisor at Judo Bank commentary from the report, in summary:The slight decline in the PMI index to 48.2 masks a more profound fall in the key output and new orders indexes. The...

NZD/USD is down a few tics after the data, not a lot of change.The wages data is not indicative of a wage-price spiral in New Zealand, as such it'll not trouble the RBNZ too much. At the margin the data trims the chance of an RBNZ rate hike. The Bank has given no...

The month of October is behind us and for the 3rd consecutive month stocks moved lower. This month the Dow fell -1.36%S&P fell -2.20%Nasdaq fell -2.78%The US 10-year moved up for the 6th consecutive month. Over that time period, the yield has moved from 3.428% to...

Secretary of State Blinken will arrive in Israel on FridayHe'll have meeting with Prime Minister Netanyahu and other Israeli officials.Info via US politics site Axios.Blinken's visit comes amdist speculation of a couple of scenatriosd:US and Israel exploring options...

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,...

The Q3 New Zealand jobs report kicks off the data agenda, with RBNZ Governor Orr speaking soon after. I have Orr speaking on Friday also. And then the second manufacturing PMI from China for October. The first is here, and what a disappointment it was:China has two...

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,...

The major US stock indices closed higher for the 2nd consecutive day this week, but the month of October was bleak for the major indices. The final numbers for the day are showing:Dow industrial average up 123.78 points or 0.38% at 33052.75S&P index up 26.98...

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,...

The New York branch of the Federal Reserve released its Multivariate Core Trend (MCT) inflation measure on Tuesday ICYMI.The main points highlighted by the Fed:Multivariate Core Trend (MCT) inflation was 2.9 percent in September, a 0.3 percentage point increase from...

In addition to the Fed decision tomorrow at 2 PM, the decision will be accompanied by the start of monthly employment statistics. ADP national employment for October is expected at 150K vs 89K last month. This statistic was reworked and reworked again over time. Now...

The price of WTI crude futures is settling in at $81.02. That is down -$1.29 or -1.57% in the lowest price since August 30.Looking at the daily chart, the move lower has now taken the price below its 100-day moving average at $81.28. The next target comes in at the...

The major US stock indices have now erased earlier declines. Each of the indices are now higher on the day.Dow industrial average was down -141.85 points at session lows. It is currently up 46.45 points or 0.14% at 32974.63S&P index was down -13.71 points at...

USDJPY dailyThe last time USD/JPY rose this high, it was beaten back by 700 pips within 24 hours.It will be a high-stakes game when Tokyo returns today. The ministry of finance often warns against one-sided moves and that's exactly what we've seen today with USD/JPY...