S&P 500 drifted ever so slowly, but still to my 6,936 support, testing it thoroughly today premarket. Do swing traders have a lot to sweat here, considering the New Year positioning ahead to come starting Friday? Look no further than to breadth for answer. Observe as well ES behavior in the low 6920s and 6,936 followed by high 6,950s,…
China is set to publish a fresh round of Purchasing Managers’ Index (PMI) data later today, Wednesday, December 31, offering another timely snapshot of economic momentum at the end of a difficult year for the world’s second-largest economy. China publishes two main PMI surveys, each capturing different parts of the industrial landscape. The official PMI is compiled by the…
Colombia National Jobless Rate declined to 7% in November from previous 8.2%
Via oilprice.com: While the headline and distillates showed smaller builds than expected the gasoline build was much greater. — Expectations I had seen centred on: Headline crude +2.39 mn barrels Distillates +1.75 mn bbls Gasoline +1.55 mn — This data point is from a privately-conducted survey by the American Petroleum Institute (API). It’s a survey of oil storage facilities…
United States 4-Week Bill Auction rose from previous 3.58% to 3.59%
TL;DR summary: China is stepping up efforts to revive household spending, allocating fresh funding from ultra-long special treasury bonds to expand its consumer trade-in subsidy scheme. The programme, first launched in 2024, will be broadened in 2026 to include digital and smart products, as policymakers look to counter weak growth momentum and rebalance the economy toward consumption. Even more…
United States EIA Crude Oil Stocks Change came in at -1.934M, above forecasts (-2M)
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band…
SoftBank Group Corp (SFTBF) just delivered one of those chart patterns that makes even experienced analysts do a double-take. After spending years grinding along in relative obscurity, this Japanese tech conglomerate’s stock exploded from $18 to nearly $45 in a matter of weeks—then promptly gave back a third of those gains. The question every trader’s asking right now: was…
TL;DR summary: China is extending a value-added tax (VAT) exemption on certain residential property sales, adding another incremental policy measure aimed at stabilising its long-running real estate downturn. While the move lowers transaction costs for homeowners, it underscores Beijing’s preference for targeted relief rather than more forceful intervention. — China will extend a policy waiving value-added tax on selected…
