Blogs

United Kingdom S&P Global/CIPS Construction PMI below expectations (46.3) in November: Actual (45.5)

The Euro extends losses after weak German factory orders Sluggish Eurozone data increases hopes of ECB rate cuts on early 2024 The EUR/USD approaches an important support area at 1.0750.

Gold prices fell in India on Wednesday, according to data from India's Multi Commodity Exchange (MCX).

Austria Wholesale Prices n.s.a (MoM) increased to -1% in November from previous -1.1%

Austria Wholesale Prices n.s.a (YoY) rose from previous -6.5% to -4.6% in November

Commodity Strategists at TD Securities (TDS) explained their strategy for trading Silver price heading into Friday’s critical US Nonfarm Payrolls release.

Previewing the US Federal Reserve (Fed) monetary policy decision due next week, analysts at the Australia and New Zealand (ANZ) banking group noted that “the dot plot could be cut by 50+bp.

FX option expiries for Dec 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below.

Here is what you need to know on Wednesday, December 6: The US Dollar (USD) outperformed its rivals for the second consecutive day on Tuesday, with the USD Index climbing to its highest level in nearly two weeks.

Germany’s Factory Orders unexpectedly declined in October, the official data published by the Federal Statistics Office showed Wednesday, suggesting that the German manufacturing sector recovery is in the doldrums once again.