US October Challenger layoffs 22.8k vs 17.9k prior 0 (0)

Latest data released by Challenger, Gray, and Christmas Inc
– 17.9k
US-based employers announced 22,822 job cuts last month, a roughly 28% rise from September – marking the highest monthly total since May. That said, October’s total was roughly 72% lower than the same month last year.

Go to Forexlive

Dollar keeps more bid in European morning trade 0 (0)

Dollar holds at the highs for the day, gradually extending gains
Meanwhile, the pound is also looking soggy with cable down 0.5% to 1.3617:
Sellers are keeping near-term control on a push back below its 100-hour moving average (red line) earlier today with some minor support seen @ 1.3600-05 next.

Go to Forexlive

ECB’s de Cos: Inflation surge is transitory but could be more persistent than initially estimated 0 (0)

Remarks by ECB policymaker, Pablo Hernandez de Cos
Pretty much sticking to the tagline while acknowledging upside risks on the matter. But again, it’s all relative to what ‚transitory‘ actually means in their book. Three months? Six months? A year? Seems like it’s just for as long as they can get away with it.

Go to Forexlive

US MBA mortgage applications w.e. 29 October -3.3% vs +0.3% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 29 October 2021
–  +0.3%
– Market index 623.8 vs 645.1 prior
– Purchase index 271.1 vs 275.6 prior
The drop in mortgage applications in the past week comes as both purchases and refinancing activity fall, with the latter in particular seeing a rather steep drop to its

Go to Forexlive