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<p>Data from South Korea for inflation in November 2023</p><p>% m/m</p><ul><li>expected -0.15%, prior -0.3%</li></ul><p> % y/y</p><ul><li>expected 3.7%, prior 3.8%</li></ul><p>more to come </p> This article was written by Eamonn Sheridan at www.forexlive

<ul><li>Lowest reading since April 2020</li><li>Prior was +2.8% (revised to +2.3%)</li></ul><p>Details:</p><ul><li>Factory orders ex-transportation for October -1.2% versus +0.8% last month (revised to +0.4%)</li><li>Durable goods order revised -5.4% versus -5.4% preliminary an

<p>Ford reported total sales of 145,559 vehicles in November, compared with 146,364 units last year, a drop of 0.5%. There may have been some impact from the strike but auto lots have decent inventory.</p><p>I think autos are one of the most-interesting spots in markets in the year ahead. I'm inclined to think that it will [&

<p>The major US stock indices are taking a breather at the opening of the new trading week. The declines are led by the NASDAQ index which is down around 1%. Last week each of the major indices moved higher extending the up streak to 5 consecutive weeks. Are we due for a corrective week? </p><p>US […]

<p>The US dollar is at the best levels of the day as S&amp;P 500 futures extend declines to 32 points, or 0.7%.</p><p>Risk aversion is creeping in with yields rising 7 bps at the front end. Gold is now down 1.2% after rising to a recorder earlier. EUR/USD is down 63 pips and is now trading […]

<p>JP Morgan Private Bank is out with its outlook for 2024 and they mostly paint between the lines, seeing inflation coming down and equities headed to new highs. If you're looking for optimism</p><p>1. Inflation's Cooling, but Stay Sharp: </p><p>"Inflation will likely settle," the report states, bu

<p>Adam had the news during the US session, and it's a biggie ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/saudi-energy-min-opec-cuts-can-absolutely-go-beyond-q1-20231204/" target="_blank" rel="follow" data-article-link="true">Saudi energy min: OPEC+ cuts can &#

<p>ANZ-Roy Morgan Australian Consumer Confidence weekly survey, comes in at 76.4 from 76.7 the week before.</p><p>Comment from ANZ:</p><ul><li>A serious turnaround in inflation would likely be required to see the index move meaningfully higher in 2024 </li><li>It was practically unchanged last week ah

<p>Judo Bank / S&amp;P Global November Services PMI comes in at a dismal 46.0, which is its lowest reading (outside of periods of lockdown during the pandemic) in the survey's 8-year history</p><ul><li>prior 47.9</li></ul><p>Composite is 46.2</p><ul><li>prior 47.6</li></u