Author: FX
The U.K. economy will be printing its CPI release a day ahead of the BOE decision this week, so the inflation report could strongly influence policy expectations. Here’s what number crunchers are expecting for this major event. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Despite a busy economic schedule for the day, markets were off to a sluggish start and correlations were mostly out of sync while asset classes responded to individual catalysts. Still, some risk-on vibes were evident, as bitcoin hit fresh record highs while U.S. markets cheered Trump’s investment announcement. Here are the headlines that pushed markets around in the past sessions: Headlines: New Zealand BusinessNZ services index up from 46.2 to 49.5 in Nov Australia Judo Bank flash manufacturing PMI in Dec: 48.2 (49.4 previous), flash services PMI: 50.4 (50.5 previous) Japan core machinery orders up 2.1% m/m in Oct (1.1%…
Canadian political news, in the wake of the abrupt resignation of finance minister and deputy prime minister Chrystia Freeland on Monday. Via media report:Trudeau says he will take time to reflect on caucus concerns, sources say. At least seven Liberal MPs, including a former cabinet minister, publicly say Trudeau must resign.More at that link.TruD’oh?-USD/CAD is around 1.4245. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Data from S&P Global showed economic growth accelerating in December, though with significant divergence between sectors. The services sector saw dramatic expansion, with PMI rising to 58.5 from 56.1, marking a 38-month high. If pandemic months are excluded, this was the strongest expansion recorded since March 2015. Meanwhile, the goods-producing manufacturing sector weakened further with PMI falling to 48.3 from 49.7, marking its third consecutive decline and recording the steepest deterioration in manufacturing output since May 2020. Flash manufacturing PMI for December: 48.3 (49.7 previous, 3-month low) Flash services PMI for December: 58.5 (56.1 previous, 38-month high) Flash composite PMI…
USD/CAD drifts lower to around 1.4235 in Tuesday’s Asian session. Fed is likely to cut interest rates by 25 bps at the December meeting on Wednesday. BoC Governor Tiff Macklem said the central bank is preparing for a shock-prone’ future. The USD/CAD pair weakens to near 1.4235, snapping the three-day winning streak during the Asian trading hours on Tuesday. The Canadian November Consumer Price Index (CPI) inflation data is due later on Tuesday. Meanwhile, the US Dollar Index (DXY), a measure of the USD’s value relative to its most significant trading partners’ currencies, edges lower to around 106.75 as traders await the…
The Heiken Ashi Smoothed and Intraday Channel Breakout Forex Trading Strategy combines two powerful tools for traders who are focused on capturing short-term trends in the market. The Heiken Ashi Smoothed indicator, an enhanced version of the traditional Heiken Ashi candles, smoothens price action to reduce market noise. This provides traders with a clearer view of the overall trend, making it easier to identify the direction of price movements. By eliminating minor fluctuations, it helps traders stay in positions longer, improving the accuracy of entry and exit points, especially in volatile intraday markets. On the other hand, the Intraday Channel…
Dec. 16, 2024 7:05 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, XLE, APA, XOM, DVN, DBO, UNG, FCG, USL, SCO, UNL, BNO, MPC, BOIL, KOLD, PSX, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures eased lower Monday on renewed concerns over the outlook for global energy demand after economic data in China showed retail sales growth weakening unexpectedly in November, as well as profit-taking following last week’s strong gains. China reported Source link
(Correct paragraph 17 to say Tice was taken captive in Daraya, not Aleppo) By Erin Banco and Jonathan Landay WASHINGTON (Reuters) -In the early days of 2013, an American man, dressed in ragged clothing, dodged between houses in the streets of Damascus’ upscale Mazzeh neighborhood looking for a civilian to take him to safety after more than five months of captivity in the concrete cells of a local prison. The man, journalist Austin Tice, was taken captive during a reporting trip to Syria in August 2012. A former Marine, he had managed to slip out of his cell, one current…
Canada fiscal updatemore to come This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Gamehost declares $0.05 dividend Source link