<p>The firm expects core consumer price inflation to move up by 0.3% in November, similar to economist estimates, citing a rebound in some of the volatile components that declined in October, including used vehicle prices and airline fares.</p><p>"An expected rebound in monthly core CPI inflation would suggest the disinflatio
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European equities a touch higher to start the day
<ul><li>Eurostoxx +0.2%</li><li>Germany DAX +0.2%</li><li>France CAC 40 +0.2%</li><li>UK FTSE +0.3%</li><li>Spain IBEX -0.3%</li><li>Italy FTSE MIB +0.3%</li></ul><p>The DAX is looking to extend gains at record highs as the optimism continues to flow amid all
Germany November wholesale price index -0.2% vs -0.7% m/m prior
<p>A further drop in wholesale prices on the month is a welcome development with lower prices for mineral oil products contributing in that manner. Just take note that the indices of wholesale selling prices will be rebased to 2021 as of reference month April 2024, with the first results for the new base year to […]
UK November payrolls change -12k vs 33k prior
<ul><li>Prior 33k; revised to 39k</li><li>October ILO unemployment rate 4.2% vs 4.2% expected</li><li>Prior 4.2%</li><li>October employment change 50k</li><li>Prior 54k</li><li>October average weekly earnings +7.2% vs +7.7% 3m/y expected</li><li>Prior +7.9%; revised
FX option expiries for 12 December 10am New York cut
<p>There aren't any significant expiries to take note of on the day. As such, trading sentiment for the session ahead should be rather muted as market players will be waiting on the US CPI data before committing to anything. That should make for a quieter and more sideways session in Europe, all else being equal.</p><p>For [&
GBPUSD Technical Analysis – Watch what happens around this key resistance
<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/centralbank/federal-reserve-interest-rate-decision-no-change-20231101/">left interest rates unchanged</a> as expected at the last meeting with basically no change to the statement.</li><li><a href="https://www.forexlive.com
UK labour market report in focus in the session ahead
<p>The dollar is slightly on the softer side but it is still too early to decide anything, not least in the context of trading this week. For today, all eyes are on the US CPI report to come later as that will be the main event for markets in general.</p><p>But before we get to that, […]
Forex Today: Stocks Higher as Markets Await US Inflation Data – 12 December 2023
US CPI Expected Lower at 3.1%; NADAQ 100 Index, S&P 500 Make New Long-Term Highs; US Dollar Receding in Asian Session
Chart Art: Symmetrical Triangle Break on EUR/AUD?
<p>We’ve got big events ahead for both the euro & Aussie, making this textbook chart pattern on EUR/AUD one to watch this week for potential breakout setups!</p>
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