TUE: EZ M3 (Oct), US Richmond Fed (Nov). WED: RBNZ Policy Announcement; German Prelim. CPI (Nov), UK Mortgage Approvals/Lending (Oct), EZ Economic Sentiment (Nov), US GDP 2nd (Q3). THU: Chinese NBS PMIs (Nov), German Retail Sales & Import Prices (Oct), Swiss KOF (Nov), German Unemployment (Nov), EZ HICP Flash (Nov), US PCE Price Index &
© Reuters. The is trading just below a key level of 104 today as investors await the afternoon release of PMI data that could influence the currency’s strength. The anticipated reports are expected to reveal a slight downturn in both the Manufacturing and Services sectors, with forecasts predicting figures of 49.8 and 50.4, respectively. A
Share: USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near
And with Treasuries out especially, that’s not going to give too much for traders to work with in the sessions to come. US stocks ended the day higher yesterday but we could get more tepid trading on Friday as highlighted here yesterday. But keep in mind that the momentum right now is rather positive for
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 – Analysis and Charts FTSE 100 consolidates below last week’s high The FTSE 100’s recent attempts to reach last week’s high at 7,535 have so far failed with the index being capped by the 55-day simple moving average (SMA) at 7,505
EUR/USD Forecast – Prices, Charts, and Analysis FOMC minutes give little away, leaving the US dollar rudderless. UK Autumn Statement may give Sterling a boost. Download our Complimentary Guide to Trading EUR/USD Recommended by Nick Cawley How to Trade EUR/USD The Federal Reserve is very unlikely to cut interest rates anytime soon and may hike
USD/CAD ANLAYSIS & TALKING POINTS Moderating Canadian inflation unable to shake CAD bulls just yet. US durable goods orders, consumer sentiment and BoC’s Macklem in focus later today. Will channel support hold firm once again? Want to stay updated with the most relevant trading information? Sign up for our bi-weekly newsletter and keep abreast of
The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dipped to -0.40% in October from -0.38% in September. Says WPAC: Economy set to remain stuck in ‘low growth rut’ well into next year. Range of
Japanese Yen Analysis Japanese Yen backs away from supposed intervention trigger after renewed strength USD/JPY breaks beneath a dynamic level of prior support Japanese yen is most heavily shorted since at least 2020, posing risk of a short squeeze The analysis in this article makes use of chart patterns and key support and resistance levels.
Mon: PBoC LPR; German Producer Prices (Oct), New Zealand Trade Balance (Oct) Tue: FOMC Minutes (Nov), RBA Minutes (Nov), NBH Policy Announcement; UK PSNB (Oct), Canadian CPI (Oct) Wed: UK Autumn Statement, Dutch Elections; US IJC (13 Nov w/e), Durable Goods (Oct), Uni. of Michigan Final (Nov), Australian Flash PMIs (Nov) Thu: US Thanksgiving (Market
