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Cole spoke to the authorities for “more than four hours” after his arrest, the government told a judge during the suspect’s initial court appearance.

The Australian Dollar (AUD) extends its advance against the US Dollar (USD) on Friday, with AUD/USD climbing to its highest level since September 18 as traders are almost certain the Reserve Bank of Australia (RBA) will leave interest rates unchanged on December 9.

Canadian Highlights Canada’s job market defied expectations again in November, pushing the unemployment rate down to a 16-month low. The labour market is demonstrating some resiliency, but slack still exists, and the short-term trajectory is marked by significant uncertainty. The Bank of Canada will make their final rate announcement of the year next week. We […]

The post The Weekly Bottom Line: Fed to Play Santa, Cut Policy Rate appeared first on ActionForex.

Canadian Highlights Canada’s job market defied expectations again in November, pushing the unemployment rate down to a 16-month low. The labour market is demonstrating some resiliency, but slack still exists, and the short-term trajectory is marked by significant uncertainty. The Bank of Canada will make their final rate announcement of the year next week. We […]

The post The Weekly Bottom Line: Fed to Play Santa, Cut Policy Rate appeared first on ActionForex.

Paramount is considering taking an offer straight to WBD shareholders, believing its deal has a better chance of gaining regulatory approval, sources told CNBC.

Summary United States: Consumers Still Carry the Torch, but the Glow Is Fading As Powell heads into one of his four remaining meetings as Fed Chair, strength in services and lingering consumer resilience contrast with manufacturing weakness, reinforcing expectations for a December rate cut. Next week: JOLTS (Tue.), ECI (Wed.), FOMC Meeting (Wed.) International: Global […]

The post Weekly Economic & Financial Commentary: A Split Committee and Steady Dots appeared first on ActionForex.

Recall last week, Baker Hughes oil rig count fell -12. Today they rose by half of that with a gain of 6 to 413. The natural gas rates fell -1 to 129. The total rigs for the week rose 5 to 549.

Crude oil is trading near highs for the day up $0.60 41% at $60.28. The low price reached $59.42. The high prices and $60.50. For the week, the price is up 3.11%.

This article was written by Greg Michalowski at investinglive.com.

United States Baker Hughes US Oil Rig Count above forecasts (409): Actual (413)

The USDCHF is trading higher and has stretched to a new high for the week in the last hour or so of trading. Earlier this week, the price moved below the 50% of the move down from the November high at 0.8000, but could not sustain momentum below that level. The sellers had their shot. They missed.

The move higher yesterday and again today, was helped by better Michigan Sentiment and that pushed the price back above the 100 hour MA at 0.80376, tilting the bias higher as we head into the week end.

Going forward, if the price can remain above that 200 hour MA, the bias and control remains to the upside. The target would look to extend above a swing area between 0.80666 and 0.8076.

Stay above that and traders can target higher levels including the highs reached in November.

On the downside a move back below the 200 hour MA and then the 100 hour MA at 0.8024, would shift the bias back to the downside for the USDCHF pair.

This article was written by Greg Michalowski at investinglive.com.

Netflix announced it’s reached a deal to buy WBD, bringing a swift end to a dramatic bidding process that also involved Paramount Skydance and Comcast.