<p>The final numbers for Jibun / S&P Global PMIs from Japan for November 2023.</p><p>Services show a big drop, but remain in expansion, at 50.8. This is the slowest in a year.</p><ul><li>vs prior 51.6</li></ul><p>Composite slips into contraction at 49.6</p><ul><li>prior
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ForexLive European FX news wrap: Dollar remains steady, bond yields slip further
<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-schnabel-further-rate-hikes-rather-unlikely-after-latest-inflation-data-20231205/">ECB's Schnabel: Further rate hikes "rather unlikely" after latest inflation data</a></li><li><a href="https:/
Russia says Putin and Saudi crown prince are to discuss OPEC+ cooperation
<p>The Kremlin confirms that Putin will meet with Mohammed bin Salman to discuss their partnership within OPEC+, adding that coordination between the two through the bloc is a firm guarantee of safeguarding stability in the oil market. And for Putin's visit to the UAE, heads of Russian oil companies will accompany him as part of [&hellip
Aussie hangs at the lows for the day ahead of North America trading
<p>AUD/USD is now down 0.9% to 0.6560 and is contesting a drop below its 200-day moving average of 0.6578 on the day. That is the key technical level to watch for now, as highlighted earlier: <a href="https://www.forexlive.com/news/audusd-gets-drawn-back-to-key-technical-level-after-rba-hold-20231205/" target="_blank" r
Expert technical analysis on the next chinese stock market rebound: Key levels to watch
<p>The Chinese stock market, with its dynamic nature, has always been a point of intrigue for global investors. In a compelling video by ForexLive titled "Don't Miss the Next Chinese Bull Run: Mastering Technical Analysis for the MCHI ETF Rebound," viewers are given an insightful guide on harnessing opportunities in the rebound
USDCAD Technical Analysis – Key trendlines in play
<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
What to Expect from the Bank of Canada's Next Interest Rate Announcement
<p>●In the previous meeting, Canada's central bank kept its key interest rate at 5%.</p><p>●The current interest rate is unsustainable for Canadians, and it seems evident that the Bank of Canada will keep the overnight key rate.</p><p>●The BoC decision on the interest rate is likely to weaken the national currency
Competition Heats Up as Nominations Continue for UF AWARDS MEA 2024
<p>Nothing makes a louder statement in a tight industry than being acknowledged as elite amongst your peers. This includes the growing anticipation and hype surrounding the prestigious UF AWARDS MEA 2024, as nominations continue to pour in for the industry’s best performing brands. Indeed, the stage is set for this January with these distingu
Reminder: It is jobs week in the US
<p>It's not only central banks and bond yields in focus this week but US data is once again another key point of contention for markets. And even if inflation data has been the main draw in recent months, it would be careless to disregard the US labour market report at any point in time. And […]
Eurozone October PPI +0.2% vs +0.2% m/m expected
<ul><li>Prior +0.5%</li><li>PPI -9.4% vs -9.5% y/y expected</li><li>Prior -12.4%</li></ul><p>Looking at the breakdown, the increase largely comes from a push higher in energy prices (+1.0%) on the month. There was also an increase in prices for durable consumer goods (+0.1%) while prices remaine