UPCOMING EVENTS: Monday: PBoC MLF, German IFO. Tuesday: US Consumer Confidence, FOMC Minutes. Wednesday: Australia Monthly CPI, RBNZ Policy Decision, US Q3 GDP 2nd Estimate, US PCE, US Durable Goods, US Jobless Claims. Thursday: German CPI. (US Holiday) Friday: Tokyo CPI, Japan Unemployment Rate, France CPI, Switzerland Q3 GDP, Eurozone CPI, Canada GDP. Tuesday The US Consumer Confidence is…
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The major US stock indices are marginally higher to start the new trading day: Dow industrial average is up 80 points or 0.19% at 43960 S&P index is up 6.47 points or 0.10% of 5954.90 NASDAQ index is now trading marginally lower by 4.5 points or -0.2% at 18963. The S&P global/manufacturing and services data will be released at…
NZD/USD dipped by 0.54% on Friday, plunging to 0.5830. NZD/USD fell to the lowest level since early November as bears maintained control. While oversold conditions, as per indicators, could hint at a correction, the NZD/USD outlook remains negative towards the 0.5800-0.5900 range. The NZD/USD pair extended its losses on Friday, declining by 0.54% to 0.5830, its lowest level since…
Prior month manufacturing 48.5. Prior month services 55.0 S&P global flash manufacturing index 48.8 vs 48.8 estimate S&P global flash services index 57.0 vs 55.2 estimate. Best since March 2022 Composite 55.3 vs 54.1 last month Future Sentiment: Future output optimism rebounded for the second consecutive month in November, reaching the highest level since May 2022. Manufacturing sector optimism…
Silver rebounds to reclaim the $31.00 mark, buoyed by a drop in US Treasury yields and ongoing market dynamics. Technical landscape shows resistance at the 50-day SMA of $31.75, with potential targets extending to $32.00 and $33.00. Key support levels identified at $31.00 and $30.00, with further downside protection near the November low of $29.68. Silver price recovered some…
Stock heatmap by FinViz.com Fri, 22 Nov 2024 14:46:08 GMT Sector Overview The stock market is showcasing a mixed bag of performances today, characterized by a notable decline in communication services, while some tech giants experience pressure. Simultaneously, healthcare and consumer defensive sectors are displaying strength. 
Communication Services: This sector is seeing substantial declines, with Google (GOOG) facing…
The Canadian Dollar treaded water to wrap up the trading week. Canada saw a slight decline in home prices, Retail Sales meet expectations. Broad-market sentiment supports the Greenback, limiting Loonie options. The Canadian Dollar (CAD) waffled into the midrange on Friday, testing into the low side but ultimately getting hamstrung as Canadian data comes in mixed and gets overshadowed…
Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper, commenting on wages and CPI: “Prices are increasing less quickly than wages on average — this also allows us to lower interest rates” Villeroy stressed that the ECB reaches its interest rate policy decisions independent of the Federal Reserve: “The proof is that we had started to…
NZD/JPY fell 0.27% on Friday, trading near the 90.30 level. Pair tallied a 3-day losing streak and seems to be scaping the 90.00-92.00 range to the downside. RSI and MACD bearish, signaling potential further losses toward 90.00. The NZD/JPY pair has been on a downward trajectory for the past three days, shedding 0.27% on Friday’s session to close near…
