US Open – 23 November 2023 (Video)
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
The economy of a nation is the engine that drives prosperity and creates wealth for that country and its citizens. A nation's utilization of its available resources and manpower has a great influence upon its overall economic prowess. Factors such as governmental structure, access to valuable commodities, size and sophistication of the labor force, and relations with trade partners are all key components of achieving economic stability. Governmental politics play a crucial role in the resolution of many issues facing a nation. The potential impact upon international markets of U.S. President-elect Trump's economic policies, tensions between Russia and NATO, and…
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
Watch today’s US Open for insights on the latest around the OpenAI leadership change and the impact in the tech sector, the incoming results from AI enabler Nvidia, the USD/JPY slide and more
Watch today’s US Open for insights on the UK inflation cool down, the strong labor data from Australia, Burberry’s poor results and more
Wednesday’s CPI report showed further progress on inflation, which grew by the slowest pace in two years and the data will be welcomed by the central bank, which has stayed on the sidelines for the last two meetings
Watch today’s US Open for insights on the US Inflation deceleration, which boosts Wall Street, the rebound in oil prices and more
Watch today’s US Open for insights on the encouraging results by entertainment giant Disney, Samsung’s generative AI step up, China’s deflationary pressures and more
Watch today’s US Open for insights on the RBA’s dovish hike and the impact on AUD/USD, Nasdaq’s longest profitable streak of the year, key incoming earnings and more
Australia’s central bank raised rates to a 22-year high after four straight holds and raised its inflation forecasts, but also softened its language around the possibility of further moves
The jobs data on Friday has affected the real yield and this, in turn, has filtered through to other instruments. The non-farm employment change printed at 150K, which was lower than the 178K expected. Moreover, the previous print was revised lower to 297K. Average hourly earnings m/m were also lower than anticipated at 0.2% (0.3%), whilst the unemployment rate crept up to 3.9% from 3.8%.
Watch today’s US Open for insights the two consecutive rate holds by the Bank of England and the US Fed, AMD’s return to revenue growth, key incoming events and more
Yesterday, the Federal Reserve kept interest rates on hold for a second consecutive meeting. Chair Powell recognised that inflation is slowing as opposed to emphasising how strong growth has been. Whilst keeping the door open for further hikes, there is a strong possibility that this rate hiking cycle has peaked. As such, the real yield dropped yesterday by 7.5% to close at 2.32%. It has dropped further today and is…
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