It is a holiday week with Christmas eve tomorrow and Christmas day on Wednesday breaking up the action. Nevertheless the markets will be open in the US on […]
Gold looks poised to snap December win streak this year
Gold is down 1.3% on the month and the decline this month largely stems from a more hawkish Fed from last week. Barring a stirring rally in the […]
Biden administration announces last-minute trade probe targeting legacy Chinese chips
The Biden administration has just announced a trade investigation into “legacy” Chinese-made semiconductors today. And that could see it lead to more tariffs on chips from China that […]
A more muted tone among major currencies to start the holiday season
The changes on the day are light and it reflects the lack of appetite or incentive among traders to chase anything on the week. It’s one of those […]
Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in […]
UK Q3 final GDP +0.0% vs +0.1% q/q prelim
Prior +0.5%; revised to +0.4% GDP +0.9% vs +1.0% y/y prelim Prior +0.7% The negative revision means that the UK economy stagnated in Q3, with economic conditions stuttering […]
HSBC still sees Fed rate cuts ahead, another 75bp next year. Higher stocks & USD also.
Just a quick snippet from HSBC, analysts at the bank are still forecasting more rate cuts ahead from the Federal Reserve: 75bp of rate cuts ahead for 2025 […]
Qatar warns it will halt gas supplies to Europe if fined under EU due diligence law
Politico with the report that Qatar has warned it will stop exporting liquefied natural gas (LNG) to the European Union if penalties are imposed under the EU’s new […]
ForexLive Asia-Pacific FX news wrap: Major FX, minor ranges
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before […]
China hints at further measures to support the recovery of its property market.
A weekend editorial from the China Real Estate Newspaper, a media outlet affiliated with the Ministry of Housing and Urban-Rural Development, highlighted untapped potential in existing and new […]