Author: FX
China’s Manufacturing PMI from the National Bureau of Statistics (NBS) for December has come in at its third straight month of contraction at 49.0, much worse than was expectedfrom 49.5 expected and 49.4 in NovemberServices at 50.4, a slight miss50.5 expected and 50.2 in NovemberComposite is 50.3, from 50.4 in November.The private Caixin factory survey will be issued on Tuesday:China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media company Caixin and research firm Markit / S&P Global.The official PMI…
SlavkoSereda/iStock via Getty Images Crude oil closed 2023 more than 10% lower for its first annual decline in three years, as war and OPEC+ production cuts failed to boost prices enough to overcome rising supply growth outside of the cartel. Front-month Nymex crude (CL1:COM) for February delivery ended the year -10.7% to $71.65/bbl, and front-month Brent Crude (CO1:COM) for March delivery settled -10.3% to $77.04/bbl, including declines in each of the final three months of the year. Also, gasoline futures (XB1:COM) fell 14.5% in 2023 to $2.1026/gal, heating oil (HO1:COM) sank 24.1% Y/Y to $2.5531/gal, and natural gas (NG1:COM) plunged…
In the fast-paced world of financial markets, traders are constantly seeking an edge to make informed decisions and maximize their profits. One such tool that has gained prominence in recent years is the Buy Sell Volume MT4 Indicator. In this article, we will delve into the intricacies of this powerful indicator, exploring its features, benefits, and how traders can effectively incorporate it into their trading strategies. Understanding the Buy Sell Volume MT4 Indicator What is the Buy Sell Volume MT4 Indicator? The Buy Sell Volume MT4 Indicator is a technical analysis tool designed for the MetaTrader 4 platform, a widely…
This article focuses exclusively on the euro’s technical outlook for the first quarter. For a more in-depth look at the common currency’s fundamental profile for the next three months, request the full first-quarter forecast. The trading guide is free! Recommended by Diego Colman Get Your Free EUR Forecast EUR/USD with Limited Room to the Upside as Resistance Comes into FocusEUR/USD is on track to close out 2023 on a positive note, recovering a sizeable chunk of the decline witnessed in the second half of the year. The medium-term trend appears to the upside but yield differentials (purple line) struggle to…
© Reuters. FILE PHOTO: A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. REUTER SEOUL (Reuters) -North Korea says policy goals for next year includes launching three additional military reconnaissance satellites and building unmanned aerial vehicles to advance North Korea’s military, state media KCNA reported on Sunday. “Based on the experience of successfully launching and operating the first reconnaissance satellite in 2023, the task of launching three additional reconnaissance satellites in…
3/3 © Reuters. A view shows a damaged house following what was said to be Ukrainian forces’ shelling in the course of Russia-Ukraine conflict, in the settlement of Urazovo in the Belgorod Region, Russia December 30, 2023. Governor of Russia’s Belgorod Region Vyacheslav 2/3 (Reuters) -Russia said 14 people including two children had been killed and 108 injured in “indiscriminate” Ukrainian strikes allegedly including cluster bombs on the Russian provincial capital of Belgorod on Saturday, and vowed to retaliate. The Belgorod region, which adjoins northern Ukraine, has like other Russian border zones suffered shelling and drone attacks all year that…
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter I am sticking with my short trade idea from Q4 2023. Although my Q4 idea paid off handsomely in the end, I still see massive scope for another push lower on USD/JPY in the new year. I would suggest reading the Q4 top trade idea as well for further insights.USD/JPY held the high ground for the first half of Q4 2023 before finally declining from near the 2022 highs. The selloff gained traction following growing chatter toward the…
asbe After a stellar pre-Christmas week, crypto stocks lost their luster in the last week of the year, with three of the five weakest financial names being bitcoin miners. For the last five sessions of the week, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) edged up 0.9% and finished the year up 9.9%, lagging the S&P 500’s 24% increase. By contrast, bitcoin (BTC-USD) rose 152% in the past year, although the token will still be trading over the weekend and Monday. In the climbers’ column, Burford Capital (NYSE:BUR) surged 19% on news that Argentina’s new president, Javier Milei, suggested the…
BuzzFeed asset sale to miss target; president resigns Source link
The Bank of Canada meets eight times in 2024 and right now the market sees five or six rate cuts.The first question is when will they start? The next BOC meeting is right around the corner on January 24 but it comes on the heels of a surprisingly-hot inflation report. CPI rose 3.1% year-over-year compared to 2.9% expected and the core measure were hotter-than-anticipated as well. However that’s not the last word. The December CPI report will be released on January 16 and there should be some help on the core side as a 0.3% rise from December 2022 rolls…