-
Trump’s physician, Dr. Sean Barbabella, said in a memo the cardiovascular and abdominal imaging were “perfectly normal.”
-
USD is mixed to start the day. What are the technicals telling traders for the Big 3 pairs
The USD is mixed vs the 3 major currency pairs to kickstart the North American session . The greenback is higher vs the JPY (+0.34%), but is lower vs the EUR (-0.06%). The dollar is also higher vs the GBP (+0.03%). IN the video above, I take a look at the Big 3 currencies vs the USD and discuss the technicals that are driving traders to start the new trading day.
In other markets to start the US session:
- US stock indices are higher after snapping their 5-day up streak. The Dow is up 53 points, S&P is up 15 points and the NASDAQ index is up 94.9 points.
- US yields are mixed with a steeper yield curve. The two-year is down -0.2 basis points at 3.538%. The 10 year is up 1.8 basis points at 4.113%. The 30 year is up 2.0 basis points at 4.762%.
- Crude oil is down by $-0.16 and $59.16.
- Gold is down $21.52 or -0.5% at $4208.93.
- Silver is down $0.54 or -0.94% at $57.40 after trading to a new record high of $58.84 yesterday.
- Bitcoin is trading up around $1000 at $87,258. Yesterday the low price reached $83,814.
China reportedly issued the 1st where earth magnet general export license to the US since the Xi and Trump meeting
EU unemployment rate came in at 6.4% versus 6.3% expected.
EU HICP flash year on year as they came in at 2.2% versus 2.1% expected. Excluding food and energy alcohol tobacco he came in at 2.4% as expected.
This article was written by Greg Michalowski at investinglive.com.
-
Jim Cramer explains why Nvidia’s deal with Synopsys gave the stock a boost
CNBC’s Jim Cramer analyzed Monday’s market action. -
Michael and Susan Dell to donate $6.25 billion to fund ‘Trump accounts’ for 25 million U.S. kids
The billionaire CEO of Dell Technologies told CNBC he first heard of the idea of seeding accounts from hedge fund manager Brad Gerstner. -
EUR/USD holds near highs with risk aversion easing
EUR/USD remains little changed on the daily chart on Tuesday, trading at 1.1605 ahead of the US session opening after pulling back from the 1.1650 area on Monday. The unexpected uptick in Eurozone inflation and the higher Unemployment Rate have been practically unnoticed by the market. -
investingLive European FX news wrap: Eurozone core inflation meets estimates
- ECB’s Nagel: Eurozone inflation is practically at target and will flactuate around it
- BoE’s Bailey: Maintaining focus on financial stability is more important than ever
- Eurozone November preliminary CPI +2.2% vs +2.1% y/y expected
- Seasonal patterns, fundamentals point to dollar selling in December – Credit Agricole
- European equities hold steadier at the open today
- ECB’s Kocher: The ECB doesn’t need to react to small deviations around inflation target
- UK November Nationwide house prices +0.3% vs +0.1% m/m expected
- FX option expiries for 2 December 10am New York cut
- Japan November consumer confidence index 37.5 vs 35.8 prior
It’s been a pretty boring session with very few data releases and limited newsflow. The main highlight was the Eurozone Flash CPI. The headline CPI beat expectations slightly coming in at 2.2% vs 2.1% prior, while the Core CPI matched forecasts at 2.4% remaining unchanged from the prior month.
We got a couple of ECB speakers reiterating once again that the central bank doesn’t need to react to small deviations from their 2% target and that inflation is expected to fluctuate around it. That’s been their message since summer.
In the markets, it’s been kind of the same doldrum with mostly a rangebound price action across various asset classes. In FX, the US dollar is basically flat on the day after recovering most of yesterday’s losses. US equities are still consolidating below the Friday’s high. Gold extended the pullback from yesterday’s high, while bitcoin continues to recover slowly from yesterday’s selloff. US Treasury yields have been rising quickly since Friday, but they remain in the 3-month range.
In the American session, we don’t have anything on the agenda other than a couple of central bank speakers. This week is more of a placeholder as we await the FOMC decision next week and then the NFP and CPI reports.
This article was written by Giuseppe Dellamotta at investinglive.com.
-
USD/CHF Price Forecast: Looking for direction around 0.8050
The US Dollar remains practically flat around 0.8050 on Tuesday after whipsawing between 0.8070 and 0.8000 over the previous two trading days. -
EUR/GBP rises as Eurozone inflation lifts Euro, BoE rate cut bets weigh on Pound
EUR/GBP trades slightly higher on Tuesday, around 0.8800 at the time of writing, up about 0.15% on the day. -
Nvidia-backed $4 billion AI startup announces major London expansion
U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth. -
Brazil Industrial Output (YoY) came in at -0.5%, below expectations (0.2%) in October
Brazil Industrial Output (YoY) came in at -0.5%, below expectations (0.2%) in October
End of content
End of content
