The ISM Economic Figures And The Power Behind Them
The ISM figures, which are published earlier in the week, are often underestimated or even overlooked. However, they have a very high impact on stock markets and inflation.
Eurozone Sentiment Shows Surprise Resistance In November
The unexpected rise in the European Commission’s economic sentiment indicator should reassure ECB hawks in opposing a 50bp rate cut in December.
Bitcoin Sell-Side Pressure Dominated By New Holders, Research Shows
Bitcoin remains resilient, trading close to the $100,000 mark despite a recent correction that led to over $500 million in liquidations, predominantly from long positions.
The Ruble Under Pressure
The ruble has depreciated 18.2% since the beginning of the month.
United States Federal Reserve Minutes: Rate Cuts To Continue “Gradually”
Fed minutes highlight gradual rate cuts amid steady inflation, with PCE data reinforcing a likely December reduction and market volatility increasing.
Crude Oil Steady After Biden Calls Gaza Ceasefire Permanent
Crude Oil trades rather steady this Thursday with selling pressure building after US President Joe Biden called the recent active ceasefire deal in Gaza as a permanent cessation of hostilities, Bloomberg reports.
Sharp Slowdown In Poland’s Third-Quarter Consumption
The September flood in southern Poland probably impacted the third-quarter GDP composition as household consumption slowed sharply, while a change in inventories became the main source of growth.
Daily Market Outlook - Thursday, Nov. 28
Asian stocks were lackluster on Thursday, and the dollar was under pressure after U.S. data indicated that the progress in curbing inflation had stagnated, despite the economy showing resilience.
How Big Is That Turkey On The Table?
Today is the big event! And if you're not already starting to cook that turkey for your 2024 Thanksgiving feast, you soon will be!
EUR/USD Forex Signal: Extremely Bullish Above 1.0600
The EUR/USD exchange rate bounced back in the overnight session after a series of mixed economic data from the United States. It rose to a high of 1.0575, its highest level since November 20 and 2.35% from its lowest level this year.
Current Report - United Microelectronics
United Microelectronics Corp is the world's third-largest dedicated chip foundry, with 7% market share in 2023.
Pound Sterling Corrects Against USD Amid Thin Trading Volume On Thanksgiving Day
The Pound Sterling falls to near 1.2650 against the USD as the latter bounces after plunging on Wednesday. Market speculation for the Fed to cut interest rates in December has increased.
XRP Price Retains Strength: Is A New Upside Push Imminent?
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level.
BTC/USD Forecast: Continues To See Buyers On Dips
The Bitcoin market exploded to the upside during the trading session on Wednesday again, gaining well over 4% by New York Open.
Japanese Yen Climbs To Five-Week High Due To USD Weakness
The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen.
French Debt Is Actually High-Risk
France, Italy, Japan, and the USA all have high budget deficits of comparable magnitude, accompanied by significant public debt in excess of 100% of GDP.
USD/CAD Drops Even Though US Dollar Rebounds, Canadian Q3 GDP In Focus
USD/CAD ticks lower as the Canadian Dollar gains on expectations of healthy trade negotiations with the US.
Elliott Wave Technical Analysis - U.S. Dollar/Canadian Dollar
The Elliott Wave Analysis identifies USDCAD in a counter-trend phase, with wave 2 actively unfolding.
Bank Of America Predicts Volatile Metals And Minerals Market Heading Into 2025
Analysts at Bank of America have forecast a volatile metals and minerals market in 2025.
NZD/USD Hovers Around 0.5900, Downside Risk Appears Due To Market Caution
NZD/USD depreciates as traders expect the Fed to adopt a cautious approach regarding a rate cut next month.