Author: FX
Olivier Le Moal Investors looking for a contrarian play in 2025 should go “BIG,” that is: buy bonds, international stocks and gold, according to analysts at Bank of America. Source: Bank of America “Long ‘U.S. boom,’ short ‘global bust’ plays in the first quarter on big U.S. dollar and Source link
By Anait Miridzhanian Thiaroye, SENEGAL (Reuters) – Senegal on Sunday commemorated the 80th anniversary of a massacre of African soldiers who fought for France during World War Two, and were gunned down by French troops in 1944 for demanding fair treatment and payment on their return. The West African country has long demanded its former coloniser take responsibility, officially apologise and properly investigate the massacre that took place in Thiaroye, a fishing village on the outskirts of Senegal’s capital Dakar. The event, which renewed these demands, comes as France is losing influence over its former African colonies, many of which…
UPCOMING EVENTS:Monday: Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Unemployment Rate, Canada Manufacturing PMI, US ISM Manufacturing PMI, Fed’s Waller.Tuesday: Switzerland CPI, US Job Openings.Wednesday: Australia Q3 GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI, Fed Chair Powell.Thursday: Switzerland Unemployment Rate, Eurozone Retail Sales, US Jobless Claims, OPEC.Friday: Japan Average Cash Earnings, Canada Labour Market report, US NFP, US University of Michigan Consumer Sentiment.MondayThe US ISM Manufacturing PMI is expected at 47.5 vs. 46.5 prior. The S&P Global Manufacturing PMI came in as expected but…
PARIS (Reuters) – French Prime Minister Michel Barnier must make further budget concessions to avoid a no confidence motion that could topple his government, National Rally lawmaker Marine Le Pen said on Sunday. Le Pen has given Barnier until Monday to yield to budget demands from the National Rally (RN) or face the threat that they would back a likely no confidence motion against his government, which would trigger its collapse. “A vote against (the government) is not inevitable. All Barnier has to do is accept to negotiate,” Le Pen said in an interview with La Tribune newspaper. “There’s been…
(Corrects spelling of ‘price’ in headline) BEIJING(Reuters) -Prices of new homes in China rose at a faster pace in November, a private survey showed on Sunday, as a string of policies may be lending support to the ailing property market. The average price across 100 cities edged up 0.36%, compared with the previous month’s 0.29%, according to data released by property researcher China Index Academy. On a year-on-year basis, the average price rose 2.40% versus 2.08% growth in October. Official data for home prices will be released by China’s statistics bureau on Dec. 16. A prolonged downturn in the property…
SEOUL (Reuters) – South Korea’s export growth slowed for a fourth-straight month in November, to the weakest level in 14 months, as shipments to the United States and China fell amid tariff uncertainty, trade data showed on Sunday. Exports out of Asia’s fourth-largest economy rose 1.4% in November from a year earlier, after a gain of 4.6% in October, to $56.35 billion. It was the 14th-straight month exports rose in annual terms but the slowest rate for the sequence, also missing a median forecast of a 2.8% increase tipped in a Reuters poll of economists. Last month, U.S. President-elect Donald…
The Trend Manager and Demand Index Forex Trading Strategy is a powerful approach that enables traders to effectively navigate the complexities of the foreign exchange market. By combining the Trend Manager indicator, which assists in identifying the prevailing market trend, with the Demand Index, a tool that measures buying and selling pressure, this strategy provides a comprehensive framework for making informed trading decisions. As forex markets can be volatile and unpredictable, leveraging these two indicators allows traders to enhance their analytical capabilities and improve their overall performance. At the core of this strategy lies the Trend Manager indicator, which simplifies…
Market choppiness, also known as consolidation, describes a period where price action lacks a clear directional bias. Prices tend to fluctuate within a relatively narrow range, characterized by frequent swings and reversals. This volatility can be frustrating for traders, as it generates false signals and makes it difficult to pinpoint entry and exit points with confidence. Why should you care about choppy markets? Here’s the lowdown: Reduced Trading Opportunities: When price action is erratic, there are fewer clear opportunities to capitalize on trends. You might end up entering trades that fizzle out quickly, leading to unnecessary losses. Increased Risk of…
This is actually a really nice pictureTrump has been blasting away on Truth Social. First off, Trudeau flew down to Mar-a-Lago to meet with him and they’re smiling in the picture. The tweet (or whatever you call it) is mostly upbeat.Separately, Trump went on a rant about BRICS countries and not using the dollar. This is a canard, Trump will be long dead (and so will I) before BRICS countries have any kind of institutions in place to launch a collective currency. Yes, they’ll probably add to gold reserves and do more bi-lateral trade but these things move at a…
Andrew Harnik Billionaire Elon Musk on Saturday filed for a preliminary injunction against OpenAI, to prevent the artificial intelligence startup from engaging in what Musk’s lawyers claim is anticompetitive behavior. The injunction also called for the prevention of any further attempts by the Source link