<p>Watch ECB President Christine Lagarde talk about interest rates:</p><p>The low-latency audio feed is available <a href="https://www.ecb.europa.eu/press/pressconf/press_conference/html/index.en.html" target="_blank" rel="nofollow">here</a>.</p> This article was written by Adam Butt
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Canadian November home prices -1.1% m/m – CREA
<ul><li>Sales fell 0.9% m/m in November</li><li>Sales -0.9% y/y</li><li>Prices up 0.6% y/y</li></ul><p>There is no way that prices are up 0.6% y/y in Canada. That's a fantasy. CREA is a realtors' advocacy group and they're selling a fairy tale with that stat.</p> This articl
US November import prices -0.4% vs -0.8% estimate
<ul><li><a href="https://www.forexlive.com/news/us-october-import-prices-08-vs-03-expected-20231116/" target="_blank" rel="follow">Prior month</a> import prices -0.8%. Export prices prior month -1.1%</li><li>Import prices -0.4% vs -0.8% expected</li><li>Export prices -0.9
US initial jobless claims 202K vs 220K estimate.
<ul><li><a href="https://www.forexlive.com/news/us-initial-jobless-claims-220k-versus-222k-estimate-20231207/" target="_blank" rel="follow">Prior week</a> 220K revised to 221K</li><li>Initial jobless claims 202K vs 220K estimate. Lowest since October 13 week. </li><li>4-w
US November retail sales +0.3% vs -0.1% expected
<ul><li><a href="https://www.forexlive.com/news/us-october-retail-sales-01-vs-03-expected-20231115/" target="_blank" rel="follow">Prior </a>was -0.1% (revised to -0.2%)</li></ul><p>Details:</p><ul><li>Retail sales m/m +0.3% versus -0.1% expected</li><
Canada October manufacturing sales -2.8% vs -2.7% expected
<ul><li>Prior was +0.4%</li></ul> This article was written by Adam Button at www.forexlive.com.
UBS says 3 rate cuts from the Federal Reserve in 2024 is not really an easing of policy
<p>UBS says the adjustments from the FOMC/Dot plot/Powell were surprisingly dovish.</p><p>However, the three rate cuts forecast for 2024 is not really an easing of policy. Due to high inflation real interest rates will be kept more or less stable, even as US inflation falls. UBS also not that quantitative policy continues to tight
Australian Preliminary PMIs for December improve but remain in contraction
<p>Judo Bank / S&P Global flash / preliminary PMIs for December 2023 </p><p>From the report in brief:</p><ul><li>Both key activity indicators remain below 50, in line with a growth ‘pause’, and are well above levels indicative of economic recession.</li><li>Complicating the economic picture ar
Forexlive Americas FX news wrap 14 Dec: ECB and BOE less dovish leads to USD declines
<ul><li><a href="https://www.forexlive.com/technical-analysis/crude-oil-surges-settling-at-7158-marking-a-304-increase-20231214/">Crude oil surges, settling at $71.58, marking a 3.04% increase</a></li><li><a href="https://www.forexlive.com/centralbank/mexico-central-bank-keeps-rates-unchanged-at
US Treas Yellen says artificial intelligence added to a list of risks to financial system
<p>US Treasury Secretary Yellen</p><ul><li> Says Financial Stability Oversight Council adding artificial intelligence to its list of potential risks to financial system </li></ul><p>Nothing more from Y on the issue. </p> This article was written by Eamonn Sheridan at www.forexlive.com.