First Impressions: Australian Q3 Capex
Q3 capex spend down 0.2%, led by equipment, -3.5%. Capex plans for 20119/20 downgraded – weakness in services. September quarter Capex spending edged lower in Q3, -0.2%, broadly as anticipated (market median flat & Westpac -0.5%). Equipment spending declined, albeit...
Copper Futures Resume Positive Outlook; Buyers Unable to Breach 2.7015 Resistance
Copper futures are attempting to push back up to retest the 2.7015 resistance from the high of September 16, which halted gains from the bounce off the 200-period simple moving average (SMA). Aiding the positive view are the 50- and...
US Data Dump
The US has front loaded all the month end data to today because of the upcoming Thanksgiving holiday and the half day session for equities on Friday. The most important data released today was US GDP (Preliminary) for Q2, Chicago...
Dollar Lifted Mildly by Solid Durables, Euro and Swiss Soft
Dollar trades generally higher today as supported by better than expected economic data, in particular, durable goods orders. Though, Sterling is so far even stronger, as consolidations extend. On the other hand, Euro is the worst performing one, followed by...
A top JP Morgan banker says CEOs tell him they are worried about 2020 despite stocks’ record highs
Traders work on the floor of the New York Stock Exchange, November 26, 2019. Lucas Jackson | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next...
US durable goods orders rebound in October, rising 0.6%
Household appliances for sale at a Home Depot in Chicago. Getty Images Orders to U.S. factories for big-ticket manufactured goods rebounded last month on a surge in demand for military aircraft. The Commerce Department says orders for durable goods —...
US weekly jobless claims fall, though numbers show some softening in the labor market
A representative, left, hands a list of employment descriptions to a job seeker during the Choice Career Fair in San Antonio, Texas. Matthew Busch | Bloomberg | Getty Images The number of Americans filing applications for unemployment benefits fell last...
US economy grew at a moderate 2.1% annual rate in the third quarter
The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in...
USD/JPY Outlook: The Pair Consolidating Gains Above 109.00
The US Dollar remained in a positive zone above the 108.50 area against the Japanese Yen. The USD/JPY pair gained traction after it broke the 108.80 resistance area. Moreover, there was a close above the 108.80 resistance and the 50...
Ahead Of The UK Election
When is it? The widely anticipated and pivotal UK election is due take place on December 12, 2019, less than a month away. The election is considered a Brexit proxy vote of sorts given Brexit has become the most important...
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