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Alibaba reported a 34% year-on-year rise in cloud computing revenue to 39.8 billion yuan.

Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.

Nvidia shares fell on Tuesday after The Information reported that Meta is considering using chips designed by Google.

• I’m a bit worried about services and food inflation

Makhlouf has recently said that policy is in good place, which has been the core message from the central bank for months. They are not going to respond to small or short-term deviations from their 2% target.

This article was written by Giuseppe Dellamotta at investinglive.com.

The Budget statement typically begins around 1230 GMT, following the end of PMQs. There will be a lot of moving parts to scrutinise but the key narrative is that UK Chancellor Reeves has a very, very tough balancing act to manage. Not only does she need to plug the £20 billion hole in public finances, she needs to reaffirm investors of her fiscal responsibility while having to keep Labour’s pledge on not raising taxes on the working class as well as keeping government spending under control. And all this while already coming under intense political pressure and scrutiny over the last few months.

For some context, public sector net debt in the UK now sits at 95.3% of GDP as of September – the highest in over six decades. Meanwhile, government borrowing ballooned up to £20.2 billion and that brings total borrowing in the first six months of the financial year to £99.8 billion. That is some £7.2 billion more than what the OBR had forecasted and is the second-highest total for the period since monthly records began in 1993, only seen behind that of 2020.

Given Labour’s manifesto commitment of not wanting to raise income taxes, Reeves will be limited in her scope to try and cover the gap. She might go down the route of introducing a “stealth income tax” i.e. freezing thresholds for a certain period of time, but that will still be rather unpopular I would presume. So, there’s definitely political risk/uncertainty in choosing this route.

As such, the only tax hikes we might see are ones on businesses, investments, and assets. However, that will likely draw flak from financial circles and weigh on the UK business/investment outlook. That’s a net negative as well but less politically harmful to herself and Starmer.

And come what may at the end of the day, it’s all about whether investors and traders deem her measures to be enough to get UK public finances back on track. If not, the bond vigilantes are going to have another field day and rising gilt yields will again be a concern not just to confidence in the UK economy but the currency as well.

I dived a bit into that earlier in the day here.

At the same time, the perception of tighter fiscal policy i.e. tax hikes could also pressure the BOE into cutting rates at a quicker pace. So, there’s that to consider and balance out in the medium-term.

All in all, there’s going to be plenty of moving parts here and we can only digest and make sense of it all after the fact. So, keep your eyes and ears peeled for the main event tomorrow.

This article was written by Justin Low at investinglive.com.

Tickmill’s newly appointed Regional Manager for Latin America (LATAM), Brunno Huertas, will be a guest speaker at Finance Magnates London Summit, on November 26 (FMLS:25). Huertas has overseen Tickmill’s expansion strategy across Spanish- and Portuguese-speaking markets. With over 15 years of experience in Forex and derivatives, he has localised expertise developing strong client relationships and Introducing Broker (IB) networks throughout Latin America.

At FMLS:25, Huertas will join the panel discussion ‘Educators, IBs and Regional Growth Drivers’, providing insights into building long-term, resilient relationships based on trust and transparency. He will also share learnings from Tickmill’s expansion and strategic efforts in Latin America.

Bruno Huertas, Regional Manager (LATAM), commented:

“Latin America is a market with unique challenges and enormous potential. Building success here requires strong IB networks, genuine relationships with clients, and a trusted brand presence. Education supports these efforts, but partnerships and client engagement remain the true growth drivers.”

Tickmill’s LATAM expansion

Tickmill is building greater awareness in Latin America and has recently strengthened its footprint with a growing client base. Huertas played a key role in driving visibility and trust, particularly through partnerships and IB relationships, before stepping into his broader role overseeing all activity in the region this year.

LATAM remains a strategic focus for the group, with Huertas leading efforts to scale presence in markets including Argentina, Mexico, Colombia, and Chile

The Finance Magnates London Summit 2025 will bring together senior executives, brokers, fintech leaders, and educators to discuss market trends, technology, regulation, and regional growth opportunities. Participation in FMLS:25 reinforces Tickmill’s commitment to knowledge sharing and fostering dialogue on the future of trading industry.

About Brunno Huertas

Huertas, with more than 15 years in the global brokerage sector, holds an MBA in Banking and Financial Institutions from FGV-SP. He brings deep expertise in client engagement, community building, and business growth, having supported several international brokers. At Tickmill, he successfully expanded operations in the Portuguese-speaking market and now oversees the company’s strategic development across Latin America.

About Tickmill

Tickmill has established itself as a leading provider of online trading services on a global scale since its inception in 2014. With regulation from leading regulatory authorities, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in Seychelles, and recognition from the Dubai Financial Services Authority (DFSA) as a Representative Office, Tickmill prioritises the safety of client funds while upholding the highest standards of transparency and integrity.

Composed of seasoned traders with decades of collective experience dating back to the 1980s, the Tickmill team brings a wealth of expertise to the table, having navigated various major financial markets from Asia to North America.

For more information about Tickmill and its services, visit www.tickmill.com.

This article was written by IL Contributors at investinglive.com.

Fundamental
Overview

The USD regained some
ground in the past days but the momentum stalled as December rate cut odds
jumped following Fed’s Williams
dovish comments.

As of now, the December
rate cut odds stand around 70% but we won’t get much data before the FOMC
meeting, so the focus will likely be mainly on jobless claims and ADP data.
Weak data should keep weighing on the greenback, while strong data could
provide some short-term support.

On the NZD side, the RBNZ is
expected to cut by 25 bps bringing the OCR to 2.25%. This will lower interest
rates below the central bank’s estimated neutral range (2.5%-3.5%) and
therefore is expected to be stimulative.

The market is pricing good
chances of another cut in 2026 but if the RBNZ signals the end of the easing
cycle, it could be taken as more hawkish and therefore support the New Zealand
dollar, especially considering how much it has weakened in the past months.

NZDUSD
Technical Analysis – Daily Timeframe

On the daily chart, we can
see that the NZDUSD has been on a strong downtrend for a couple of months. We
have a major trendline defining this downward momentum. If we get a pullback,
we can expect the sellers to lean on the trendline with a defined risk above it
to position for a drop into the April lows. The buyers, on the other hand, will
want to see the price breaking higher to increase the bullish bets into the
0.5850 level next.

NZDUSD Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can
see that we have a key resistance around the 0.5635 level. If the price gets
there, we can expect the sellers to step in with a defined risk above the
resistance to position for a drop into new lows. The buyers, on the other hand,
will look for a break higher to extend the rally into the trendline.

NZDUSD Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can
see that we have a minor upward trendline defining the recent pullback. We can
expect the buyers to step in around the trendline to keep pushing into new
highs, while the sellers will look for a break lower to increase the bearish
bets into new lows. The red lines define the average daily range for today.

Upcoming Catalysts

Today we get the weekly ADP jobs data and the US Consumer Confidence report.
We will also get the September US PPI and Retail Sales reports. Tomorrow, we have
the RBNZ rate decision and will also get the most recent US Jobless Claims
figures. On Thursday, we have the US Thanksgiving holiday which is likely to
make the final part of the week more rangebound.

This article was written by Giuseppe Dellamotta at investinglive.com.