<p>The study confirms what most people would expect via the impact on the economic cycle, that being manufacturing activity leading the services sector. The lead-lag analysis conducted by the ECB shows that manufacturing tends to lead for about three quarters before services take over to wag the tail, although by then the impact is more [&hel
Blogs
Intivion Technologies Looks to Make a Splash at iFX EXPO Dubai 2024
<p>The countdown to the upcoming iFX EXPO Dubai 2024 is on, drawing the biggest technology providers, brokers, and more. This includes Intivion Technologies, a pioneering force in tailored CRM and VoIP solutions, who will be making a splash at the event on January 16-18 at Booth 29.</p><p><a href="https://dubai2024.ifxexpo
European equities nudge a little lower to start the session
<ul><li>Eurostoxx -0.2%</li><li>Germany DAX flat</li><li>France CAC 40 -0.2%</li><li>UK FTSE +0.2%</li><li>Spain IBEX -1.1%</li><li>Italy FTSE MIB +0.2%</li></ul><p>Spanish stocks are the main laggard, which could be due to the report <a href="https://
France November trade balance -€5.9 billion vs -€8.6 billion prior
<ul><li>Prior -€8.6 billion; revised to -€8.5 billion</li></ul><p>The French trade deficit narrowed in November even as exports declined by 0.6% on the month. But there was an even larger drop in imports, by 4.8%, and that helped to see the trade deficit shrink.</p> This article was written by Justin Low at www.f
Germany November industrial production -0.7% vs +0.2% m/m expected
<ul><li>Prior -0.4%</li></ul><p>Taking out energy and construction, industrial output was still down 0.5% on the month. The breakdown shows a fall in production for capital goods (-0.7%), intermediate goods (-0.5%), and consumer goods (-0.1%). Energy production did increase by 3.9% on the month but that is offset by a
Switzerland December seasonally adjusted unemployment rate 2.2% vs 2.2% expected
<ul><li>Prior 2.1%</li></ul><p>The number of unemployed persons increased to 106,859 in December, up from 98,011 persons in November last year. That just sees a mild softening in labour market conditions in the Swiss economy, as the jobless rate a year ago was at 1.9%.</p> This article was written by Justin Low a
FX option expiries for 9 January 10am New York cut
<p>There is just one to take note of, as highlighted in bold.</p><p>That being for USD/JPY at 143.60, which could help to limit downside price action before rolling off later in the day. That being said, the 200-day moving average at 143.35 remains the more critical support area for the time being – as highlighted <a [&he
Dollar steadies after overnight drop, light data docket ahead in Europe
<p>The rally in equities yesterday helped to pin the dollar back down alongside a drop in Treasury yields. There weren't any major headlines to have caused the turnaround from last week but it could be that traders are pricing in some anticipation ahead of the US CPI data on Thursday.</p><p>10-year Treasury yields are now at
USD/JPY inches back towards test of key technical level
<p>The pair looks poised for another drop today after the selling yesterday, down 0.3% to 143.75 currently. Of note, price is starting to move towards a test of the 200-day moving average (blue line) at 143.35 next:</p><p>That puts a clearer range on price action in the bigger picture i.e. a daily ceiling at the 145.00 […]
The tale of two halves this week saw another twist in trading yesterday
<p>Trading this week should be epitomised by a tale of two halves. The first being before the US CPI data and the second being the reaction in markets to the economic release itself on Thursday and Friday. While it seemed like we were going to carry over the mood from last week to trading this […]