Wer weniger als vertraglich vereinbart arbeitet, sammelt Minusstunden. Wie werden diese bei einer Kündigung behandelt? Dürfen sie mit Urlaub verrechnet werden? Ein Überblick.●The current interest rate is unsustainable for
Canadians, and it seems evident that the Bank of Canada will keep the overnight
key rate.
●The BoC decision on the interest rate is likely to
weaken the national currency—the nearest target for USDCAD is 1.3650–1.3700.
The
Bank of Canada (BoC) is set to release its final interest rate report on 6
December, marking the eighth interest rate announcement this year. The rate is
expected to remain at the current level.
In
the previous October
meeting, Canada’s central bank kept
its key interest rate at 5%. It was the third consecutive rate hold of the
year. In Canada, there is growing evidence that past interest rate hikes have
dampened economic activity and eased price pressures. Consumption has declined,
with lower demand for housing, durable goods, and many services. Lower demand
and higher borrowing costs are putting pressure on business investment.
‘The current interest rate is unsustainable for Canadians, and it seems
obvious that the Bank of Canada will keep the overnight key rate,’ said Kar
Yong Ang, Octa’s financial market analyst. ‘The expectation of a pause and a
possible potential rate cut is causing the currency to weaken,’ he added.
The
bank’s preferred measures of core inflation show downward momentum, with CPI
inflation falling to 4.0% in August, 3.8% in September and 3.1% in October.
Higher interest rates are moderating inflation in many goods that people buy on
credit, and this is spreading to services. Considering the more apparent signs
of easing price pressure, it is likely that the Governing Council will hold the
policy rate at 5%. Such a decision will weaken the national currency: the
near-term target for USDCAD is 1.3650–1.3700.
About Octa
Octa is an international broker that has been providing
online trading services worldwide since 2011. It offers commission-free access
to financial markets and various services already utilised by clients from 180
countries with more than 42 million trading accounts. Free educational
webinars, articles, and analytical tools they provide help clients reach their
investment goals.
The company is involved in a comprehensive network of
charitable and humanitarian initiatives, including the improvement of
educational infrastructure and short-notice relief projects supporting local
communities.
Octa has also won over 60 awards since its foundation,
including the ‚Best Educational Broker 2023‘ award from Global Forex Awards and
the ‚Best Global Broker Asia 2022‘ award from International Business Magazine.
This article was written by FL Contributors at www.forexlive.com.
UF AWARDS MEA 2024 represent the financial
service industry’s most sought-after titles. These awards recognise B2C and B2B
brand leaders for their pioneering achievements, innovation, and significant
contributions in the online trading and fintech space.
Such accolades not only honour excellence but
help instil brand visibility and solidify one’s market authority. It should
come as no surprise that these awards also help provide traders and businesses
with an industry benchmark of the best companies to trade and do business
within the Middle East and Africa (MEA). Does your brand have what it takes to
take home this year’s biggest honours?
Time is
Running Out to Nominate Your Brand for the UF AWARDS MEA 2024
With the biggest titles on the line, nominations
for the UF AWARDS MEA 2024 have been met with both excitement and enthusiasm.
Are you unsure of how to cast your nomination? Thankfully, nominating your
brand is easier than ever – users can simply register on the UF AWARDS MEA 2024
website and fill in the nomination form.
Of note, only registered users can
nominate a brand, so sign up today and make your voice heard!
Nominations will remain open until December 15,
building on a record participation and interest that has already corresponded
with the awards. This period will be directly followed by a subsequent voting
round that will last from December 20 until January 10. During this round,
registered users will have a chance to cast their votes from a short list of
B2C and B2B brands that are currently being nominated.
With less than two weeks remaining before the
nomination window closes, this is a crucial opportunity for both industry
leaders and enthusiasts alike to nominate not just their own brand, but their
favourites too. Whether you are a fintech trailblazer, a visionary in the
brokerage sector, or an enthusiast passionate about recognising game-changing
brands, now is the time to act. Don’t miss this unique chance to nominate and
celebrate the brands that have redefined excellence in the B2B fintech and
brokerage space across the MEA region.
Step Into
the Spotlight with the UF AWARDS MEA 2024
The UF AWARDS MEA 2024 constitute a robust slate
of categories up for grabs across the financial services sphere. Access the following link to
discover your brand’s perfect match and explore each exciting category that is
available for nomination. This includes some of this year’s most coveted
titles:
Benefits
of Winning
Winning one or more UF AWARDS MEA 2024 provides
immense value to any company. For brands looking to make a splash in the New
Year, these awards simply have no equal and certainly live up to the hype. As
any market leader can attest, being elite starts with brand awareness – an
accomplishment made easy by racking up such prestigious industry titles.
Previous awards winners have garnered extensive
brand exposure to targeted audiences, as well as validation and recognition for
their achievements. This also includes fostering an enhanced brand image,
unrivalled publicity on a global stage, and the ability to stand out among
industry peers or competitors.
As a quick reminder, only subscribed users will
be able to cast their nomination or vote. The official UF AWARDS MEA 2024
Ceremony will be held on January 17, concluding the first day of the iFX EXPO
Dubai 2024 at the Dubai World Trade Centre.
iFX EXPO is the world’s leading online trading
event. For over a decade, this landmark exhibition has brought together
professionals in online trading, fintech, and financial services across Europe,
Asia, and the Middle East.
Only the most trusted and reputable brands can
lay claim to the UF AWARDS MEA 2024 this January. Will this include yours?
This article was written by FL Contributors at www.forexlive.com.
It’s not only central banks and bond yields in focus this week but US data is once again another key point of contention for markets. And even if inflation data has been the main draw in recent months, it would be careless to disregard the US labour market report at any point in time. And we’ll have a couple of key releases in the run up to that on Friday, starting with the JOLTS data today.
This particular release may not be too impactful at times but in October, it certainly was as seen here. Now, we’re in a rather sensitive period in markets – especially after the extremely aggressive amount of rate cuts priced in for next year. So, any data that challenges said narrative might go some ways in disrupting the balance of things. And even more so if it is backed up by less optimistic inflation developments.
We’ll only get to the inflation stuff next week but for this week, the jobs data will have to do. The JOLTS data today will be the first touch point before we get to the ADP employment roulette change tomorrow and lastly, the non-farm payrolls on Friday. So, buckle up. It’s going to be a bumpy few days potentially; not least as markets also have to consider key central bank decisions going into next week.
This article was written by Justin Low at www.forexlive.com.
Nasdaq Composite Technical
Analysis – Daily Timeframe
On the daily chart, we can see that the Nasdaq Composite
pulled back to the red 21 moving average where we
got a bounce yesterday. Looking at how things have been going recently, this
might even be ironically the “biggest” pullback we will see before another
rally. There will be important levels to watch out for on lower timeframes
which might or might not increase the chances for the rally.
Nasdaq Composite Technical
Analysis – 4 hour Timeframe
On the 4 hour chart, we can see that the price has
been diverging with the
MACD into the
cycle high. This is generally a sign of weakening momentum often followed by
pullbacks or reversals. We indeed got a pullback with the buyers already piling
in near the most recent swing low. This move lower though gave us an early
lower low with the moving averages crossing over.
Nasdaq Composite Technical
Analysis – 1 hour Timeframe
On the 1 hour chart, we can see that we
got the drop into the support zone
around the 14050 level yesterday. The buyers immediately stepped in, and we
could see a rally back into the minor downward trendline where
we will likely find the sellers waiting to enter the market and target a break
below the 14050 level. A break below the support should trigger a selloff into
the next key support around the 13700 level where we will also find the 38.2% Fibonacci
retracement level of this entire November rally.
Upcoming
Events
This week we will see lots of US labour
market data culminating with the NFP release on Friday. Today, we have the ISM
Services PMI and the US Job Openings reports. Tomorrow, we will get the US ADP
data. On Thursday, it will be the time for the US Jobless Claims figures, while
on Friday we conclude the week with the NFP report.
This article was written by FL Contributors at www.forexlive.com.