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Canada S&P global manufacturing PMI for December 45.4 vs 47.7 last month
<ul><li><a href="https://www.forexlive.com/news/canada-november-sp-global-manufacturing-pmi-477-vs-486-prior-20231201/" target="_blank" rel="follow">Prior month</a> 47.7</li><li>PMI for December 45.4 – lowest since May 2020</li><li>For the full report <a href=&qu
US stock futures signal lower open as tech giants struggle; Bitcoin hits new high
<p>The major US index futures are implying a lower opening for the major indices. The S&P index is down -31 points. The Dow Industrial Average down -181 and the Nasdaq index is down -152.68 points.</p><p>Tesla reported Q4 deliveries of 484,507 which was higher than the 473K expected. The shares are trading up 0.75%. The co
RBC on oil – 'clear and present danger' of a wider Middle East conflict involving Iran
<p>Analysis from RBC's head of global commodity strategy comes via Dow Jones / Wall Street Journal / Market Watch.</p><p>In summary:</p><p>Market participants appear to have widely subscribed to the notion that the Israel-Hamas war will remain confined largely to Gaza and don't present a threat to shipments o
ICYMI – China issues huge batch of crude oil import quotas for 2024
<p>Reports via news wires on Tuesday of a massive jump in China crude import quotas for 2024. Highlihgts from the various reports:</p><p>China has released 179.01 million metric tons of crude import quotas for 2024</p><ul><li>this is 60% up from 2023.</li><li>compared to a quota of 111.82 million tons
Forexlive Americas FX news wrap 2 Jan: The USD and yields move higher. Stock lower.
<ul><li><a href="https://www.forexlive.com/news/stock-indices-mixed-as-winners-from-2023-falter-unemployment-data-looms-20240102/">Stock indices mixed as winners from 2023 falter, unemployment data looms</a></li><li><a href="https://www.forexlive.com/technical-analysis/nzdusd-sellers-extend-the-
IMF Chief forecasts lower inflation and rates ahead, advises everyone to cheer up
<p>International Monetary Fund Managing Director Kristalina Georgieva spoke in an interview with CNN on Tuesday, forecasting lower inflation ahead:</p><ul><li>"People should be feeling good about the economy because they finally would see relief in terms of prices," </li></ul><p>Praised FOMC rate
HSBC projects Brent crude oil to average $82.5 /barrel and gold to average $1,825 in 2024
<p>HSBC is forecasting high commodity prices this year before falling in 2025:</p><ul><li>projecting commodity prices to rise by an average of 2% in 2024</li><li>then to fall by 4% in 2025</li><li> project Brent crude oil to average $82.5 per barrel</li><li>project gold to average $1,825 a
Stock indices mixed as winners from 2023 falter, unemployment data looms
<p>The major US stock indices got off to a mixed start. The Dow Industrial Average rose modestly. The S&P index fell, and the Nasdaq index tumbled lower. However, indice levels are off their lows.</p><p>Market chatter centers around rotation out of the winners from 2023. Indeed all the Magnificent 7 moved lower although Te
Economic calendar in Asia Wednesday, 3 January 2024 – Reserve Bank of Australia charts
<p>I'm not spotting any economic data for release re the the major FX pairs. </p><p>The only item of note is the Reserve Bank of Australia 'Chart Pack' due at 0030 GMT (1930 US Eastern time). The Chart Pack summarises macroeconomic and financial market trends in Australia and provides some information about developm