Aggregate rate of inflation likely to rise further in the next few monthsChances are that it will comfortably exceed 5% in AprilGood reason to think that goods inflation will likely fade before a policy decision could do muchTightening of labour market is likely to be a more persistent source of inf

There aren’t any significant expiries to take note of for the day, leaving the risk mood as the key driver of trading sentiment. Looking ahead to the rest of the week, there isn’t any one expiry level that stands out but we’ll see how things develop in the days ahead.For more information on

It is shaping up to be a risk-on run to start the new week, as risk sentiment in general is faring better.
Equities are higher and Treasury yields are surging as well, helping with the mood. This in turn is keeping the likes of the aussie and loonie in particular buoyed as we get things going on the

The cryptocurrency market experienced a shock shakeout on Saturday morning. Low trading activity and the relatively narrow previous trading range created a situation where stop orders were placed close to the market price. Outside forces, such as the stock market pressure on Friday, triggered a s

Prior 18.3

Euro area investor morale fell in December to its lowest since April as virus fears are being reignited across the region. The surge in the number of cases adding to the omicron variant isn’t comforting as investors fear renewed restrictions amid a fourth virus wave. Sentix notes t

Forex news for North American trading on December 3, 2020
It will be an early close for Forexlive this weekend as our technology staff takes over with some changes.  

German Dax -0.9%. France’s CAC -0.5%
For the week:

… And first rate hike in June 2022
Going also expects the Fed to start to tighten in June 2022.  

Swing lows come in at 0.6991 to 0.7005
The AUD is the weakest currencies on the day, and the pair is pushing to a new 2021 low and moves toward the swing lows from October in September 2020.  Those levels come in between 0.6991 and 0.7005. The low price just reached 0.7013. A move below that floor area would increase the bearish bias

NASDAQ down over 2%. S&P down over 1%