<p>The Australian jobs market report for November is due on Thursday, 14 December 2023 at 11.30 am Sydney time (0030 GMT and 7.30 pm US Eastern time).</p><p>Preview comments via Commonwealth Bank of Australia:</p><ul><li>The labour market remains tight but a loosening is underway. Employment growth is unlikely to
Blogs
Senior Chinese Communist Party official supportive comments on policy
<p>A senior Chinese Communist Party official, Han Wenxiu, deputy head of the Party's office for financial and economic affairs, was reported in State Media today with some supportive remarks on the economy:</p><ul><li>China should set its 2024 fiscal deficit and special local government bonds at appropriate levels and o
Asian Development Bank has raised its China's 2023 growth forecast to 5.2% (prior 4.9%)
<p>The Asian Development Bank has raised its China's 2023 growth forecast to 5.2% from previous projection of 4.9%</p><ul><li> maintains its 2024 growth forecast at 4.5%</li></ul><p>From the ADB's December outlook released today. </p><p>On China, citing:</p><ul><li>co
Westpac cuts its New Zealand Q4 CPI forecast to 0.3% (from 0.6%)
<p>Westpac has slashed its expectation for New Zealand Q4 CPI inflation to 0.3% from its previous 0.6% forecast.</p><p>WPAC cite weaker November data. </p><p>NZD/USD down a few tics:</p><p>If inflation drops away the RBNZ may well not hold rates so high for so long, which is a headwind for NZD at the margin
Trillions of US stock options set to expire: What it means for the market
<p>Around $5 trillion in US stock options are set to expire on Friday, the largest such expiration in at least 20 years</p><ul><li>80% are in S&P 500-linked contracts</li></ul><p>Info comes via a news wire <a href="https://www.reuters.com/markets/us/why-are-us-stocks-sluggish-blame-record-5-
ForexLive European FX news wrap: Pound drops, dollar steady awaiting the Fed
<p>Fed previews:</p><ul><li><a href="https://www.forexlive.com/news/welcome-to-fed-day-20231213/">Welcome to Fed day</a></li><li><a href="https://www.forexlive.com/news/fed-should-not-offer-strong-push-back-against-recent-market-pricing-citi-20231213/">Fed should not offer st
Things Successful Traders Have in Common
<p><a href="https://cinpax.com/">Successful traders</a> possess certain qualities and habits that set them apart from the rest. These traits contribute to their consistent profitability and long-term success in the <a href="https://cinpax.com/Registration">financial markets</a>. Here are some key ch
OPEC says recent drop in oil prices caused by "exaggerated concerns" about demand growth
<ul><li>2024 world oil demand growth maintained at 2.25 mil bpd</li><li>Remains cautiously optimistic about fundamental factors affecting oil market dynamics next year</li><li>Prices saw a significant downturn, marked by heavy selloffs amid highly volatile futures market</li><li>That is fueled by exag
Trading Based on Economic News
<p>In the world of <a href="https://efixxen.com/">finance and investments</a>, trading based on economic news plays a crucial role. Economic news refers to any information or data that pertains to the state of the economy, including indicators such as GDP growth, employment rates, inflation, and interest rates. These rep
The Dynamics of Stock Market Bubbles
<p>A <a href="https://kaarat.com/">stock market</a> bubble refers to a situation in which the prices of stocks are driven to high levels, often far exceeding their fundamental values. These bubbles are characterized by a rapid increase in share prices followed by a sudden and significant decline. Understanding the dynami