Month: November 2024

Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or
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The broader indices are trading to new session lows: S&P index is down -93 points or -1.60% at 5720.40 NASDAQ index is down -473 points or -2.55% at 18132.97. Looking at the NASDAQ index, it is trading above and below key support near 18146.61. The price is just below the level now and if the
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Why it’s important? In the Asian session, Eamonn published the range of estimates for today’s US NFP report. These ranges are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market’s reaction is the distribution of forecasts. In fact, although
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