Stock futures edge higher ahead of Thanksgiving break; Fed minutes in focus as inflation messaging begins to fray; HP gains on cost cut plans, solid Q4 earnings; Nordstrom slumps after lowering profit outlook after Q3 Read more…
ECB Vice-President Luis de Guindos said at a finance event, “we will continue to raise interest rates to a level that allows us to ensure that inflation converges towards our definition of price stability.” “It Read more…
USD/JPY rises ahead of the Fed minutes, PMIs The minutes are from the November Fed meeting where the US central bank hiked rates by 75 basis points. The statement had a dovish tilt to it, Read more…
Even though we’ve only witnessed sluggish movements from the Dollar over the past few weeks, the general idea and bias still seem intact and untampered. The bullish impulse however can be seen as “searching for Read more…
On Tuesday, the Swiss franc was the best-performing currency among the 20 global currencies we track, while the Brazilian real showed the weakest results. The Mexican peso was the leader among emerging markets, while the Read more…
UK PMI Manufacturing was unchanged at 46.2 in November. PMI services was also unchanged at 48.8. PMI Composite ticked up from 48.2 to 48.3. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: Read more…
Eurozone PMI Manufacturing rose from 46.4 to 47.3 in November. PMI Services was unchanged at 48.6. PMI Composite rose from 47.3 to 47.8. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “A Read more…
Germany PMI Manufacturing improved from 45.1 o 46.7 in November. PMI Services dropped from 46.5 to 46.4. PMI Composite also recovered slightly from 45.1 to 46.4. Phil Smith, Economics Associate Director at S&P Global Market Read more…
Equity markets appear to be treading water on Wednesday as we await the latest batch of FOMC minutes later in the day. Asia played a bit of catchup overnight after Europe and the US posted Read more…
USDJPY has been in a prolonged uptrend for almost two years, crossing above its historical resistance levels to post a 32-year high of 151.94 in October. Even though the pair declined moderately from its recent multi-year peak, it has Read more…