Day: November 12, 2024

📉 UK unemployment rises to 4.3% The UK’s ILO unemployment rate rose to 4.3% in the three months ending September.

📉 UK unemployment rises to 4.3% The UK’s ILO unemployment rate rose to 4.3% in the three months ending September. This increase was compared to the August level, which was 4.0%. The data was published by the Office for National Statistics (ONS) on Tuesday. Although the market expected the figure to remain at 4.1% for the reporting period, the actual result was higher. submitted by /u/Yuriy_UK [link] [comments]

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🇪🇺💵🛸EURUSD continues its decline and globally follows the down trendline.

👉🇪🇺🇻🇦🛸👈EURUSD continues its decline and globally follows the down trendline. 📉Currently, the price breaches below the 1.0650 support and the 161.8 Fibonacci, while the MFI and RSI show oversold conditions with the potential to retest the resistance. Smash 👍 if you trade EURUSD today! 📲 Start Trading with FBS @fbsanalytics submitted by /u/Yuriy_UK [link] [comments]

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$SNAP

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28% of credit card users in the US are still paying off LAST YEAR’S holiday shopping.

Average credit card balances are now 6.9% higher than last year and more than 20% higher than 2 years ago. 83% of Americans are expected to purchase gifts during the holiday season this year, spending $925 on average. That’s more than 217 million Americans spending over $201 billion, compared to $184 billion in 2023. Also, 49% of Americans plan to spend money on flights and hotels for the holiday season, spending $2,330 on average. That’s more than 128 million Americans spending nearly $300 billion on these travel costs. Credit card debt is set to skyrocket again. submitted by /u/XGramatik [link] [comments]

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Buying oil today is a gamble

https://preview.redd.it/kjefpkqo4g0e1.png?width=1024&format=png&auto=webp&s=5986cc3ecc7d45639bc38ce960528e1610c88199 Trump in the White House? Sure, that might mean “deregulate, drill, and pump” vibes for U.S. oil. But more U.S. production could flood the market, driving prices down. Good news for drivers, but maybe not so much for CEOs. It gets tricky: Trump’s also pushing for sanctions on Iran and Venezuela, potentially slashing global supply by 2.5-3M barrels a day (~3% of global oil). Even a small disruption like this has caused price spikes before (think Libyan Civil War, Iran sanctions in 2018). So, how does this balance out? Extra U.S. supply could offset some of those drops, but not all. And don’t forget – China might ignore U.S. sanctions, and Trump’s promise to end the Russia-Ukraine war could free up more Russian oil too. In the end? Lots of questions. Few answers. submitted by /u/FXgram_ [link] [comments]

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📉 DXY: Bilateral risks remain – OCBC The US dollar (USD) posted a late recovery by Friday’s New York close amid disappointment in China’s stimulus.

📉 DXY: Bilateral risks remain – OCBC The US dollar (USD) posted a late recovery by Friday’s New York close amid disappointment in China’s stimulus. The threat of tariffs from Donald Trump continues to be one of the biggest risks troubling markets. However, it is unclear how long it will take for the policy to take effect, as the new president will not be inaugurated until January 20. submitted by /u/Yuriy_UK [link] [comments]

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