<p>The New Zealand Manufacturing PMI, also known as the BNZ BusinessNZ Performance of Manufacturing Index has jumped from October but remains in deep contraction.</p><p>November was 46.7, highest since June, but the ninth consecutive month under 50</p><ul><li>from 42.9 in October</li></ul> This articl
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US equity close: Rotation evident as some selling hits the big names
<p>On the day:</p><ul><li>S&P 500 +0.2%</li><li>Nasdaq Comp +0.2%</li><li>DJIA +0.4%</li><li>Russell 2000 +2.0% </li><li>Toronto TSX Comp +0.7%</li></ul><p>It's clear there is some rotation out of the Magnificent 7 megacap tech stocks into smaller
Economic calendar in Asia 15 December 2023 – Chinese economic activity data for November
<p>The data from China is expected to show some improvement on the month. Its been very mixed from the country with piecemeal stimulus acting as some support for the economy while renewed outbreaks of serious respiratory illness are acting as a brake on travel and spending as consumers exercise caution. Stimulus does appear to be […]
Trade ideas thread – Friday, 15 December, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
The GBPUSD surges as BOE takes hawkish stance
<p>The GBPUSD ran higher today spurred on by follow-through USD selling (GBPUSD buying) after the more dovish Fed, and follow through buying of the GBPUSD pair on the back of a more hawkish BOE today.</p><p>The move to the upside worked its way toward the 1.2800 where old swing high area between 1.2789 and 1.27994 on […]
Crude oil surges, settling at $71.58, marking a 3.04% increase
<p>The price of WTI crude oil futures are settling at $71.58. That's up $2.11 or 3.04%.</p><p>The high price for the week reached $72.46. The low price was at $69.54. At the highest level today, the price did extend briefly above the November low at $72.37, but momentum could not be sustained. </p><p>Going forward
Mexico central bank keeps rates unchanged at 11.25%
<ul><li>Mexico central bank sets the benchmark interest rate at 11.25% unchanged.</li><li>Board was unanimous on rate decision</li><li>In order to achieve orderly, sustained convergence of headline inflation to 3% target, it will be necessary to maintain the reference rate at current level for some time.</li&g
Major indices move into negative territory
<p>The major US indices are all negative now with the Nasdaq index leading the way. At risk is the five they went straight for each of those indices.</p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average unchanged at 37090. It just traded as low as 37051.52 before bouncing.</li>&
Atlanta Fed GDPNow forecast leaps to 2.6% from 1.2%
<p>It's tough to ignore the Atlanta Fed's GDP tracker after it correctly predicted a super-strong GDP report in Q3 far before economists.</p><p>Now it's hinting at strength again with the tracker rising to 2.6% from 1.2% a week ago.</p><blockquote>After recent releases from the US Census Bureau, the US B
Is equity market sentiment too bubbly?
<p>One of the most-underrated indicators in the world is the AAII Sentiment Survey, which has been running since 1987 and measures sentiment of American investors. It was a screaming contrarian buy<a href="https://www.forexlive.com/Orders/october-forex-seasonals-it-was-a-volatile-september-what-comes-next-20220930/" target="