Bank of America forecasts for US yield curve in 2024

• 10-year Treasury yield expected to reach 4.25% by the end of the year

Eamonn Sheridan

Wednesday, 29/11/2023 | 22:20 GMT-0

29/11/2023 | 22:20 GMT-0

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Barclays forecasts bullish US equities growth in 2024 despite near-term cautions

• Aggregate equity exposure remains slightly below neutral

Eamonn Sheridan

Wednesday, 29/11/2023 | 21:49 GMT-0

29/11/2023 | 21:49 GMT-0

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New Zealand data: October building permits +8.7% m/m (prior -4.7)

Eamonn Sheridan

Wednesday, 29/11/2023 | 21:45 GMT-0

29/11/2023 | 21:45 GMT-0

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Forexlive Americas FX news wrap: US GDP revised higher, dovish Fed talk continues

• Forex news for North American trading on Nov 29, 2023

Adam Button

Wednesday, 29/11/2023 | 21:30 GMT-0

29/11/2023 | 21:30 GMT-0

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Stock market sees mixed results as NASDAQ and S&P decline, Dow holds steady

• Major US stock indices end with mixed results as NASDAQ and S&P close lower, while Dow holds small gains. For the trading week, indices are little changed.

Greg Michalowski

Wednesday, 29/11/2023 | 21:25 GMT-0

29/11/2023 | 21:25 GMT-0

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Asian Economic Calendar: Key Events and Consensus Expectations for 30 November 2023

• The significant economic events in Asia on November 30, ForexLive economic data calendar.

Eamonn Sheridan

Wednesday, 29/11/2023 | 21:05 GMT-0

29/11/2023 | 21:05 GMT-0

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A heavy Bitcoin as a warning before the FOMC?

• The dynamics of Bitcoin are pulling the crypto market down faster than other assets.

Trade ideas thread - Thursday, 30 November, insightful charts, technical analysis, ideas

• Join the discussion and stay ahead in the forex market.

Eamonn Sheridan

Wednesday, 29/11/2023 | 21:05 GMT-0

29/11/2023 | 21:05 GMT-0

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Crude oil futures surge to settle at $77.86, supported by Saudi production cut hopes

• Crude oil futures settle at $77.86, up $1.45 or 1.9%, amid reports of potential deeper OPEC+ cuts driven by Saudi Arabia seeking up to 1 million BPD reduction. HOwever, there is a lot of opposition.

Greg Michalowski

Wednesday, 29/11/2023 | 21:01 GMT-0

29/11/2023 | 21:01 GMT-0

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Bank of America sees bonds, bullion and breadth as the three winners in the year ahead

• A shift in market dynamics predicted by BofA investment strategist Michael Hartnett

Adam Button

Wednesday, 29/11/2023 | 20:29 GMT-0

29/11/2023 | 20:29 GMT-0

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What Moved the Markets?

• Let us delve deeper into the reasons for recent optimism.

FL Contributors

Wednesday, 29/11/2023 | 20:11 GMT-0

29/11/2023 | 20:11 GMT-0

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US dollar falls further after the Beige Book and Mester, then rebounds

• The dovish stars are aligning

Adam Button

Wednesday, 29/11/2023 | 19:49 GMT-0

29/11/2023 | 19:49 GMT-0

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AUDUSD breaks above key resistance at 0.6656, but fails to sustain bullish momentum

• The AUDUSD has surpassed its 200-day moving average and swing area, establishing them as support levels. However, the pair struggles to close above the 61.8% retracement, which now acts as resistance.

Greg Michalowski

Wednesday, 29/11/2023 | 19:41 GMT-0

29/11/2023 | 19:41 GMT-0

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Fear in crypto versus extreme greed in stocks

• Bitcoin is struggling for a third day to hold above $26K.

Fed's Beige Book: On balance, economic activity slowed since the previous report

• Highlights from the Fed's anecdotal report on the economy

Adam Button

Wednesday, 29/11/2023 | 19:01 GMT-0

29/11/2023 | 19:01 GMT-0

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The OPEC cut talk starts up again

• The WSJ's Summer Said reports that a cut of 1 million bpd could come

Adam Button

Wednesday, 29/11/2023 | 18:51 GMT-0

29/11/2023 | 18:51 GMT-0

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Fed's Mester: Monetary policy is 'in a good place'

• A shift to neutral?

Adam Button

Wednesday, 29/11/2023 | 18:46 GMT-0

29/11/2023 | 18:46 GMT-0

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More Fed talk coming up next with Mester and the Beige Book

• Only two more days until the Fed blackout

Adam Button

Wednesday, 29/11/2023 | 18:39 GMT-0

29/11/2023 | 18:39 GMT-0

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Reserve Bank of New Zealand hints at possible tightening to control inflation. NZDUSD up.

• Reserve Bank of New Zealand leaves rates unchanged but suggests potential future tightening to tackle inflation, pushing NZDUSD higher. Buyers and sellers battle for control as market awaits the next move.

Greg Michalowski

Wednesday, 29/11/2023 | 17:40 GMT-0

29/11/2023 | 17:40 GMT-0

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USDCHF test support and bounces back, boosting the dip buying traders confidence

• USDCHF falls to support target area near 0.8728 – 0.8743 but rebounds, giving dip buyers confidence. What next?

Greg Michalowski

Wednesday, 29/11/2023 | 16:54 GMT-0

29/11/2023 | 16:54 GMT-0

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Bitcoin remains in a downtrend

• Bitcoin once again briefly acted as a safe haven, temporarily enjoying an influx of buyers.

European equity close: DAX rises to the highest since August 1

• Closing changes for European equities

Adam Button

Wednesday, 29/11/2023 | 16:31 GMT-0

29/11/2023 | 16:31 GMT-0

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GBPUSD reverses a key retracement level, potential for further downside

• The GBPUSD reached the 61.8% retracement level but failed to sustain above it, leading to a reversal. Traders cautious for a correction lower would want the price to stay below this level at 1.27189.

Greg Michalowski

Wednesday, 29/11/2023 | 16:10 GMT-0

29/11/2023 | 16:10 GMT-0

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The market prices in even more Fed easing next year

• The Fed funds futures market now priced in 115 bps in easing next year

Adam Button

Wednesday, 29/11/2023 | 15:54 GMT-0

29/11/2023 | 15:54 GMT-0

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Weekly EIA inventories crude oil +1609K versus -933K expected

• Weekly US oil inventory data

Adam Button

Wednesday, 29/11/2023 | 15:30 GMT-0

29/11/2023 | 15:30 GMT-0

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