US markets were closed due to the Thanksgiving holiday. Markets will work shortened hours on Friday, and muted trading is expected to continue. Economic DataANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, …

ANZ-Roy Morgan Consumer Confidence was up 1.4pts to 107.4 on the second weekend of November. Consumer Confidence is below the 2021 weekly average of 108.2. However, Consumer Confidence is now 2.9 points higher than the same week a year ago, November 21/22, 2020 (104.5).Consumer Confidence this week was up in …

US markets were closed due to the Thanksgiving holiday. Markets will work shortened hours on Friday, and muted trading is expected to continue. The bullish dollar’s momentum took a breather, but it was able to maintain its leadership. The EUR/USD pair surged to 1.1229, ending the day just above the …

EU economy expected to raise inflation forecast again. Central bank policymakers have said that the outlook for price growth in 2023 and 2024 remains unsure The ECB has underestimated how fast Eurozone inflation would rise this year.European Central Bank policymakers expect the central bank to raise its short-term inflation forecasts …

The US dollar’s current slight retreat comes as a result of a corrective movement in the bearish direction after several sessions of surging trend.The US Dollar Index (DXY) heads into the Thanksgiving holiday on track for a third consecutive strong weekly gain. The US economy’s Q4 is shaping up as …

Turkish companies tap foreign reserves as market access weakens. The Turkish currency was trading around 12 lira to a dollar on Thursday.Turks abandoned their local currency savings for US dollars and other foreign currency deposits over concerns about the country’s faltering economy, propelling the Turkish lira to its worst slide …

GBP/USD has hesitantly bounced from annual lows at 1.3300 ahead of a short market closure for Thanksgiving as markets eye Brexit developments, with French fishermen blockades now expected Friday.While the pair has been under heavy selling pressure recently, it isn’t yet in oversold territory. Ahead of a five-hour market closure …

Bank of England Governor Andrew Bailey said on Thursday that the supply chain problems causing inflation should be temporary.“The risk is that inflation expectations become embedded and we have a very tight labour market in the UK. Policy guidance is more hazardous to give in times of elevated uncertainty”, he …

The November US employment report will be released on the first Friday of December. At the moment, analysts at Wells Fargo expect an increase in jobs of around 600.000. Total nonfarm payrolls increased by 531K during October, a gain that was well ahead of expectations. The net revisions to the …

Vice president of Bundesbank, Claudia Buch, said that almost 90% of German households expect property prices to keep increasing.Buch added that her team at the Bundesbank has come up with estimates of about 10% to 30% for price deviations from their fundamentals. Germany’s central bank warned Thursday about skewed valuations …