<p>ANZ-Roy Morgan Australian Consumer Confidence weekly survey for the week comes in at 80.8</p><ul><li>prior 76.4</li></ul><p> ANZ citing:</p><ul><li>driven by confidence among homeowners</li><li>confidence about the economy has improved</li></ul><p>And add t
Blogs
Goldman Sachs predicts European STOXX 600 to soar with lower rates in store at the ECB
<p>Goldman Sachs' analysts have lifted their 2024 forecast for the European STOXX 600 index to 500</p><p>GS cite their expectation of a boost from lower European Central Bank interest rates:</p><ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-forecasts-first-rate-cut-from-european
Forexlive Americas FX news wrap 11 Dec: Dow leads the stocks. Bitcoin slumps. JPY tumbles.
<ul><li><a href="https://www.forexlive.com/news/dow-30-leads-the-way-with-a-gain-of-043-on-the-day-20231211/">Dow 30 leads the way with a gain of 0.43% on the day</a></li><li><a href="https://www.forexlive.com/news/crude-oil-little-changed-in-trading-today-20231211/">Crude oil little cha
Oil price forecast raised to $80 per barrel for 2024, OPEC+ cuts to supply cited
<p>Oil price forecasts have been raised for 2024 to $80 per barrel by analysts at Fitch (the rating agency), ICYMI:</p><ul><li>from previously forecast $75</li><li>the forecast for 2025 was left at $75</li></ul><p>Citing OPEC+ moves on supply cuts:</p><ul><li>"Weak global
New Zealand retail sales indicator +1.6% m/m (prior -0.7%)
<p>Electronic card transactions data for November 2023.</p><p> Sales on electronic cards cover about 68% of core retail sales in New Zealand. This is the main indicator for retail sales in NZ.</p><p>The jump up from negative numbers for October will be welcome. </p> This article was written by Eamonn Sheridan at
Analysts expect OPEC+ to maintain supply cuts through 2024, oil to trade $70-80 range
<p>ICYMI – Analysts at Citigroup say that OPEC+ will need to maintain its latest supply cuts throughout 2024 if they want to to keep global oil markets in balance. The analysts add that the cartel can "can balance this market and keep prices at $70 to $80 if they all work together”.</p><p>Comments come from an […
Economic calendar in Asia 12 December: Reserve Bank of Australia Governor Bullock speaking
<p>I posted a heads up for Bullock's speech yesterday:</p><ul><li><a href="https://www.forexlive.com/centralbank/reserve-bank-of-australia-governor-bullock-speaks-tuesday-assistantgov-jones-on-wednesday-20231210/" target="_blank" rel="follow" data-article-link="true">Reserve
Trade ideas thread – Tuesday, 12 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.
Dow 30 leads the way with a gain of 0.43% on the day
<p>The major indices notched their third straight up day. The NASDAQ, Dow and S&P all closed at new 2023 highs. </p><ul><li>The Dow is closing at its highest level since January 2022. </li><li>The S&P is closing at its highest levels since March 2022. </li><li>The NASDAQ is closing at
EURGBP: Waiting for central bank decisions
<p>The ECB and the Bank of England both meet and announce rate decisions on Thursday and like the EURUSD (<a href="https://www.forexlive.com/technical-analysis/eurusd-at-critical-juncture-as-fed-and-ecb-prepare-for-interest-rate-decisions-20231211/" target="_blank" rel="follow">see post here</a>), the