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Wednesday, November 27, 2024

American Market Recap: RBNZ Asst Gov Silk: Manufacturing, retail, construction will start to see recovery in 2025

RBNZ Asst Gov Silk: Manufacturing, retail, construction will start to see recovery in 2025

Comments from RBNZ Asst Governor Silk Residential investment, manufacturing, retail trade, construction in New Zealand will start to see more recovery in early 2025. Geopolitical risks pose uncertaint... 

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Atlanta Fed GDPNow growth estimate for Q4 rises to 2.7% from 2.6% on November 19

The Atlanta Fed GDPNow growth estimate for Q4 rose to 2.7%. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.7 per... 

Crude oil futures settles at $68.72

Crude oil futures is settling at $68.72. That's down five cents or -0.07%. The high price today reached $69.33. The low price was at $68.18. Technically, the high price today extended briefly above it... 

EURUSD backs off to the 38.2% retracement. Can the buyers stall the fall?

The EUR/USD began the U.S. session with a break above the 200-hour moving average at 1.05203, signaling bullish momentum. The rally pushed the price through the 38.2% retracement level at 1.05628, but... 

Assuming Trump actually puts the tariffs on Canada and Mexico

Few people think Trump will actually follow through with 25% across-the-board tariffs on Canada and Mexico, at least not for any length of time. But with Trump you need to prepare for anything and tha... 

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FX option expiries for 27 November 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first ones are for EUR/USD, layered at the 1.0415, 1.0475, and 1.0500 levels. Similar to yesterday, the expiries in particul... 

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