German CPI, Euro News and Analysis German disinflation marches on – prices rise at a slower rate in November Upward revision to US Q3 GDP upstages the CPI data EU Inflation data out tomorrow and is expected to reveal further progress Inflation in Germany dropped to 3.2% compared to November 2022 and represented a further
British Pound: GBP/USD Charts and Analysis US rate expectations now point to a 25bp rate cut in May and a total of 125bps in 2024. US GDP and inflation data will be the key drivers of short-term momentum. Recommended by Nick Cawley How to Trade GBP/USD For all market-moving economic data and events, see the
Hello Traders, we had a trade on EURNZD on H1 time-frame that today 29 November 23 the market already moved +1500 Points! In this trade we had first a red triangle of the Italo Triangle Indicator showing that the market is going to trend. The confirmation was the neon red line of Italo Volume Indicator above the
© Reuters. The South African rand strengthened against the dollar today, buoyed by the US Federal Reserve’s dovish comments that signaled potential rate cuts in the future. This shift in stance by the Fed has provided a boost to emerging market currencies, with the rand climbing 0.5% to 18.4994 against the dollar by 0951 GMT.
KIWI DOLLAR TALKING POINTS AND ANALYSIS Fed peak + RBNZ hawkishness supportive of NZD. All eyes shift to the US for the rest of the trading week. Technical signals point to downside to come. Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of the
Economic Indicators & Central Banks : US consumer confidence improved better than expected, but it follows big downward revisions to October. The consumer confidence rise joins a Michigan sentiment decline to a 6-month low. All the surveys face headwinds from elevated mortgage rates, tight credit conditions, and fears about developments in the Middle East. Fed’s
That (the discussion) is not happening We have not seen enough evidence of inflation moving to 2% yet to be confident Well, either way markets are still convinced that we’ll get to this point by some time during the middle of next year. For now, with inflation still needing to trend lower, we can’t expect
Number of traders net-short has increased by 29.83% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI NZD/USD BULLISH 48.80% 51.20% -11.46% Daily -11.81% Weekly 17.50% Daily 29.83% Weekly 1.32% Daily 5.52% Weekly of clients are net long. of clients are net short. Change in Longs Shorts