<ul><li>Prior was -1.2% (revised to -1.1%)</li><li>Prelim productivity +3.2% vs +2.5% expected</li><li>Prior productivity +4.7% (revised to +4.9%)</li></ul><p>Productivity and unit labor costs are notoriously hard to measure so these are rarely market moving.</p> This article was written b
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Trade ideas thread – Friday, 2 February, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Ex-RBA board member says the Australian cash rate may stay around 4.5% for a long time
<p>Warwick McKibbin is a former member of the board of the Reserve Bank of Australia. He served from July 2001 until the end of his term at the end of July 2011.</p><p>Via Twitter:</p><p>I guess the question is what is 'soon'? I've seen forecasts of an RBA cut in September from a number of analysts. I [&
NZDUSD reverses higher after weak US data, Eyes 100 bar MA test
<p>The NZDUSD moved lower (higher USD) like most pairs today in the early US session, but after the US data came out weaker, yields started to move lower helped by regional banking concerns, the trend lower reversed and the price reversed higher.</p><p>Technically, the low for the day did see the price move below its 200-day [&hel
ICYMI – BoC Gov Macklem warns CAD budget fiscal spend could slow reaching inflation target
<p>Bank of Canada Governor Macklem appeared in parliament on Thursday, addressing questions from a House of Commons committe</p><p>Macklem was blunt with the big spenders (pps. this is not a political criticism, all parliamentarians are the same):</p><ul><li>said government should avoid major spending increases i
Preview: December non-farm payrolls by the numbers
<p>What's expected:</p><ul><li>Consensus estimate +180K (range +120 to +290K)</li><li>Private +155K vs +164K prior</li><li><a href="https://www.forexlive.com/news/us-november-non-farm-payrolls-216k-vs-170k-expected-20240105/" target="_blank" rel="follow">Novemb
New Zealand December building consents +3.7% m/m (prior -10.6%)
<p>For the y/y down 25%</p><p>Stats NZ on the y/y drop, not a good result at all:</p><ul><li>“The number of homes consented in 2023 was down from 49,538 in 2022, which was the highest number in a calendar year since records began”</li></ul><p>Longer term view:</p><p>NZD/USD is nudgin
Crude oil settles at $73.82
<p>Crude oil is settling at $73.82. That is down $-2.03 or -2.68%. The low price today reached the $73.70. The high price extended to $76.95. The big catalyst headline from Al Jezeera that Israel agreed to a cease-fire proposal. After some confusion and denials from Israeli and up-and-down price action, the traders resumed the selling. [&hell
Forexlive Americas FX news wrap 1 Feb: Dollar moves lower with yields on jobs slowdown
<ul><li><a href="https://www.forexlive.com/news/preview-december-non-farm-payrolls-by-the-numbers-20240201/">Preview: December non-farm payrolls by the numbers</a></li><li><a href="https://www.forexlive.com/news/crude-oil-settles-at-7382-20240201/">Crude oil settles at $73.82</a>&l
AUDUSD has rebounded and in the process is back up testing 50% and 200 day MA. What next?
<p>The AUDUSD at the start of the new trading day, moved lower and in the process fell below a dual technical level defined by the 100-day MA and a key swing floor near 0.6526. The price low reached down to 0.6507, but the momentum faded, and the price started to trade above and below the […]