Prior month -0.3% revised from -0.5% Leading index -0.4% vs -0.3% estimate. One day the leading index will foreshadow a recession or negative growth. This article was written by Greg Michalowski at www.forexlive.com. Source link

Eurostoxx flat Germany DAX +0.2% France CAC 40 -0.1% UK FTSE +0.3% Spain IBEX +0.2% Italy FTSE MIB -0.2% The overall market mood is rather tentative now with US futures also sitting marginally lower. S&P 500 futures are down 0.2% with Nasdaq futures down 0.4% but that owes more to tech sentiment feeling more sluggish

UBS analysts continue to highlight gold and oil as strategic hedges against the prevailing macroeconomic and geopolitical environment, forecasting notable price increases for both commodities in the coming years. The bank projects gold prices to reach $2,900 per ounce by September 2025, driven by a confluence of factors, including expectations of lower interest rates, uncertainty

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Eurostoxx +0.5% Germany DAX +0.6% France CAC 40 +0.5% UK FTSE flat Spain IBEX +0.5% Italy FTSE MIB +0.5% This comes with US futures also in a better mood. S&P 500 futures are seen up 0.2% currently. For equities though, the overall mood now largely rests on Nvidia’s shoulders. The chip giant will be reporting

Westpac Leading Index, in brief: Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October. This provides a tentative signal that growth momentum is set to improve from its current nadir. Improvements mostly centred on components related to consumer sentiment and commodity prices. This article was written by Eamonn Sheridan

The IAEA is saying that Iran agreed to stop producing near bomb-grade uranium. The news that sent oil prices down from six $9.61 to a new session low at $68.46. However the price has since rebounded to near mid range and $69.23. That is up about seven cents on the day. This article was written

In the European session we don’t have much on the agenda. There’s only the Eurozone CPI report but since it’s the Final reading, the market won’t care much. In the American session, we have the Canadian CPI report, which is going to be the main event for today. 13:30 GMT/08:30 ET – Canada October CPI

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

It’s going to be a slow day in terms of data releases with just a couple of low tier indicators. In terms of interest rates expectations, we are now in a kind of a limbo as the despite some hot inflation readings and a less dovish Powell, the market continues to see three rate cuts

Disappointing data this. Machinery Orders (MoM) (September) -1.7% expected 1.9%, prior -1.9% Machinery Orders (YoY) (September) +4.8% expected 2.2%, prior -3.4% — Core machinery orders data is a highly volatile series its used as a leading indicator of capital spending in the coming six to nine months This article was written by Eamonn Sheridan at

UPCOMING EVENTS: Monday: US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, Canada CPI, US Housing Starts and Building Permits. Wednesday: PBoC LPR, UK CPI, Eurozone Wage Growth. Thursday: Canada PPI, US Jobless Claims. Friday: Australia/Japan/EU/UK/US Flash PMIs, Japan CPI, UK Retail Sales, Canada Retail Sales. Tuesday The Canadia CPI Y/Y is expected at 1.9%

Until today, USD/JPY had rallied every day this week in impressive fashion. However after some tough talk from the finance minister today, there is some heavy selling. The pair is now down 201 pips to 154.23 as it’s now cut through Wednesday’s low. USD/JPY daily chart I hesitate to put too much of the blame

US equities are making new lows but bonds have turned around. Ten-year Treasury yields touched the highest since May earlier today at 4.50% but have since turned around and are now down 1.6 bps on the day to 4.40%. US 10s, hourly That’s a solid rejection but the next hurdle is yesterday’s low. A drop

Credit Agricole argues that despite similarities, 2025 will not be a redux of the USD’s 2018 rally driven by Trump-era policies. Differences in economic conditions, monetary policy, and the USD’s current strength suggest that the dynamics underpinning the dollar’s movement will differ significantly from 2018. Key Points: Divergent Economic and Monetary Conditions: In 2018, strong

The shine of the election has run into uncertainty about tariffs and elevated P/Es. Pretty much all the gains after the open on post-election morning are now gone and the S&P 500 is now threatening the opening gap while the Nasdaq has already taken a decent bite. Trump’s cabinet picks are leaning heavily on “promises

Markets: Gold down $4 to $2562 US 10-year yeilds up 2 bps to 4.44% WTI crude oil down $1.71 to $66.99 S&P 500 down 1.3% JPY leads, GBP lags There wasn’t a tidy narrative on Friday as trading started out with a ‘sell everything’ mode before bonds made something of a comeback. Still, it was

AI image A report today showed that Russia cut off natural gas exports to Austria and European gas prices spiked. There could be some arm twisting there aimed to get Europe on board with an end to the war. Putin talked with Scholz today and reports say the Russian leader said possible agreements on Ukraine

Prior +0.5% GDP +1.0% vs +1.0% y/y expected Prior +0.7% The quarterly estimate shows that the UK economy barely expanded in Q3, which highlights a more struggling backdrop in the second half of the year. This will be a tricky spot to watch for the BOE, especially if labour market conditions also start to ease

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, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The weekly chart of USD/CAD is looking like a big breakout. USDCAD weekly Perhaps the biggest warning for the loonie today comes from the oil market. Crude is higher today after two days of declines but the IEA is warning about a surprise of 1 million barrels per day of global oil even if OPEC

Gold (XAU/USD) daily chart The pullback in gold continues to play out since the post-election period. The precious metal is now down for a fifth straight day in what is already easily its worst weekly showing so far this year. It has more or less been a case of waiting for said pullback to reach

The data is a day later than normal this week due to the US holiday on Monday. The numbers via oilprice.com on Twitter: — Expectations I had seen centred on: Headline crude +0.1 mn barrels Distillates +0.2 mn bbls Gasoline +0.6 mn — This data point is from a privately-conducted survey by the American Petroleum

We hear from Kashkari just yesterday but he’s back on the wires today: I haven’t had time to go through the CPI data in detail but on the headline level it seems to be confirming the path we’re on There are still six weeks before the Fed’s next meeting with more data to come I

Broader markets are still largely clinging on to the post-election sentiment this week. However, today will add something different to the mix as we will have the US CPI report in focus. While inflation numbers haven’t been too important in recent months, it is one that could still impact trading sentiment. That especially if the

The major US stock indices are all closing lower. No new records today. The final numbers are showing: Dow Industrial average -382.15 points or -0.86% at 43910.98 S&P -17.36 points or -0.29% and 5983.99. NASDAQ index -17.36 points or -0.09% at 19281.40. The small-cap was 2000 with a decline of -43.13 points or -1.77% at

Prior was -7.0% (revised to -6.3%) Non-residential permits +18.0% to C$5.2B Residential permits +7.5% to C$7.7B Details: &]:mt-2 list-disc space-y-2 pl-8″ depth=”0″> Ontario (+25%) leads gains in both residential and non-residential sectors Institutional building booming: +85.9% m/m, driven by healthcare facilities Gains in the institutional component (+$824.9 million). However, industrial (-$17.6 million) and commercial (-$9.9

USD/CNY daily chart Trump’s victory was already a net negative for China in fears of tariffs that will come. However, Chinese markets will now have to add more disappointment from Beijing’s stimulus measures to the equation. It’s not just in terms of the announcement but even recent data hasn’t been that encouraging. Despite easing measures,

Markets: Bitcoin up 14% to record $87,200 WTI crude down $2.21 to $68.17 Bond market closed for holiday Gold down $58 to $2625 S&P 500 flat Russell 2000 +1.6% US and Canadian newsflow was extremely light on Monday in large part due to Veteran’s Day and Remembrance Day holidays. There was some talk of Trump