economy
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Home Page – About Me News Today(11/11): Veterans Day: Bond Market Closed Highlights: USD Rally Continues: The dollar strengthens further, with the euro bearing the brunt, breaking below the U.S. election low and closing under the 1.07 level. Meanwhile, GBP is showing the most resilience among major currencies, holding its ground better than the euro. CAD…
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Home Page – About Me News Today(11/7): BOE Interest Rate Decision at 7:00 AM, BOE Governor Bailey speech at 7:30 AM, US Jobless Claims at 8:30 AM, Fed Interest Rate Decision at 2:00 PM, FOMC Conference at 2:30 PM. Highlights: The “Trump trade”-USD appreciation driven by expectations that his inflationary policies would push rates higher-is…
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Home Page – About Me News Today(11/6): Eurozone Services PMI at 4:00 AM, Eurozone PPI at 5:00 AM. US Presidential Election results Highlights: By 7 pm ET, markets began to suggest that Trump was likely to win, and the dollar strengthened. EUR/USD fell 100 pips at first, then slipped another 100 pips by 10 pm as…
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News Today(10/31): UEBR, MA(Mastercard), EL(Estee Lauder), CI(Cigna) and ETN(Eaton Corp) before Market Open. AMZN, AAPL, INTC and TEAM(Atlassian) after Market Close.Euro CPI at 6:00 AM and US Core PCE-Price + US Jobless Claims at 8:30 AM FX Markets: Euro CPI was slightly worse than expectation(2% vs 1.9%) which saw no reaction in the market. US Core…
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News: UPS, AAL(American Airlines), LUV(Southwest Airlines), HON(Honeywell International INC) and UNP(United Pacific Group) before Market Open and COF(Capital One Financial) after Market Close.Euro PMI at 4 AM, UK PMI at 4:30 AM, US Initial Jobless Claims at 8:30 AM, US PMI at 9:45 AM, US New Homes Sales at 10:00 AM, Tokyo CPI at 7:30 PM…
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News: BOE governor Bailey speech at 9:25. Earnings: VZ, GE and GM before Market Open and TXN after Market Close FX Markets: IMF growth Forecasts for US and Britain for 2024 were raised while they were lowered for Japan and Euro Zone. Overall, did not expect to sit to make an impact on the market but…
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FX Markets: Overall there were no news over the weekend and all the currency pairs were trading in a range. The main move of the day was the rise in US treasury yields after the US open which increased the chances of no rate cut in November from 7% to 13% and that overall caused…
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News: UK Retail Sales(MISSED IT – not on calendar) Earnings: AXP(American Express) and PG(Proctor & Gamble) FX Markets: UK Retail Sales significantly better than expected(0.3% vs -0.3%). I missed this data release in my analysis yesterday. Atlanta Fed President Bostic (Voting Member) said there is no need to rush rate cuts but also said that…
