The key technical levels in play for the major currency pairs for October 24, 2024

The USD is correcting lower today as the North Amercan traders enter for the day. US yields are lower. The broader stock indices are higher. What are the key levels in the Forex today? EURUSD: The EURUSD extended the decline below the next…

UK October CBI developments complete orders -27 vs -28 anticipated

Prior -35UK manufacturing unit order guide steadiness holds in destructive territory in October, maintaining not a lot modified to the month earlier than. The quantity of recent orders, measured quarterly, declined to -11 from +1 beforehand…

German wages persevering with to develop regardless of financial headwinds - Bundesbank

Collective wage agreements in Germany have been up 6.2% y/y between January and AugustThese findings don't basically name into query the anticipated disinflation course ofHowever labour market state of affairs is of nice significance for…

UK October flash providers PMI 51.eight vs 52.four anticipated

Providers PMI 51.eight vs 52.four anticipated and 52.four prior.Manufacturing PMI 50.three vs 51.four anticipated and 51.5 prior.Composite PMI 51.7 vs 52.6 anticipated and 52.6 prior.Key Findings:Flash UK PMI Composite Output Index(1) at…

Eurozone October flash providers PMI 51.2 vs 51.5 anticipated

Prior 51.fourManufacturing PMI 45.9 vs 45.three anticipatedPrior 45.zeroComposite PMI 49.7 vs 49.eight anticipatedPrior 49.6The manufacturing sector within the area continues to maintain in contraction territory whereas providers exercise…

What's priced in for the ECB ahead of the PMI data later?

€STR futures are showing odds of a 50 bps rate cut to be ~20% currently. But as per money market pricing yesterday, those odds went up to as high as 40% following this report here. I'd say traders are pricing in something somewhere in between…

ECB's Holzmann says will reduce charges if circumstances, inflation enable for it

A 25 bps price reduce in December isn't dominated outHowever it isn't totally determined simply butI reckon it's just about a given except there are upside surprises to each financial and inflation information within the weeks forward. In…

ECB's Holzmann: A 25 bps rate cut is probable in December

As a reminder, it was also "probable" that the ECB would've paused in October. And look at how things played out instead.It's all about the data at this stage and we'll get a first test of the ECB's resolve from the PMI figures later today.…

Placing Boeing staff reject 35% pay rise provide

The agency's provide included a 35% pay rise over 4 years.IAM union members voted to reject the deal and keep on strike. Information comes through BBC, ungated. Try that hyperlink for extra. The strike has implications for work at suppliers.…

USD/JPY has (eventually) fallen following some verbal intervention from Japanese officials

The remarks from Japan were nearly an hour ago, beginning with Deputy Chief Cabinet Secretary Kazuhiko Aoki:Japan official says watching for speculative FX movesFollowed by more forthright comments from Kato:Japan finance minister Kato says…