Author: FX
Sun: Opec-8 MeetingMon: South Korean Prelim Trade Balance (Nov), Chinese RatingDog Manufacturing PMI Final (Nov), EZ/UK/US Manufacturing PMI Final (Nov), US ISM Manufacturing PMI (Nov), South Korean CPI (Nov)Tue: EZ Flash CPI (Nov), South Korean GDP Revised (Q3)Wed: Australian Real GDP (Q3), Chinese RatingDog Services/Composite PMI Final (Nov), EZ/UK/US Services/Composite PMI Final (Nov), Swiss CPI (Nov), US ISM Services PMI (Nov)Thu: Swedish CPIF (Nov), EZ Retail Sales (Oct), US Challenger Layoffs (Nov)Fri: RBI Announcement, German Industrial Orders (Oct), EZ Employment Final (Q3), EZ GDP Revised (Q3), Canadian Jobs Report (Nov), US PCE (Sep), US University of Michigan Prelim (Dec)Potential Fed…
Ukrainian delegation heads to US for peace talks after lead negotiator's exit Source link
Chile's copper output, manufacturing production fall in October Source link
US FDA memo links 10 child deaths to COVID vaccines, New York Times reports Source link
American Airlines cuts number of jets needing Airbus software fix to 209 Source link
EUR/USD steadies during Friday’s North American session set to finish the week and November’s in positive territory with gains o 0.81% and 0.59%, respectively as traders seem certain that the Federal Reserve will cut rates in December. The pair trades at 1.1601 after bouncing off daily lows of 1.1555.Euro ends week and month higher as dovish Fed signals outweigh mixed US dataThe US Dollar treads water amid growing speculation for a rate cut. Data from the CME FedWatch Tool shows that the odds for a 25-basis points reduction to the fed funds rate at 87% for the December meeting. The…
Forex traders navigated holiday volatility as Fed officials hinted at rate cuts, RBNZ surprised markets, & the USD weakened during a short trading week. Source link
Trump, Maduro spoke last week, New York Times reports Source link
Aptos (APTUSD), the Layer 1 blockchain platform designed for scalability and speed, finds itself in technically troubled waters. After months of respecting a well-defined descending channel, APT/USD has finally given up its midline support—and what happens next could be a textbook lesson in channel mechanics.Let’s break down what we’re seeing. Since February, Aptos has been grinding lower within a clean parallel channel, bounded by solid blue trendlines that have contained every rally and decline throughout 2024. The upper boundary repeatedly rejected bullish attempts, while the lower boundary provided reliable support when selling pressure exhausted itself. Between these two extremes, the…
Gold (XAU/USD) rises over 1% on Friday amid a scarce economic docket, but traders are pricing further easing by the Federal Reserve (Fed) at the next meeting, pushing the non-yielding metal past the $4,200 mark for the first time in the last ten days.Bullion surges over 1% in thin holiday trade as easing expectations climb toward 87% despite mixed US dataExpectations that the Federal Reserve would continue its easing cycle increased as the CME FedWatch Tool shows odds for a 0.25% reduction at the December 9-10 meeting at 87%,. Meanwhile, Fed officials remained muted since Wednesday, heading for Thanksgiving, as…