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China's November trade data missed expectations, with slower exports, lower imports, but a surprise rise in the trade surplus. The government promises more stimulus measures to boost growth.
CME 'FedWatch' shows an 85.8% chance of a 25bps rate cut by the Fed in December and a 22% chance of a 50bps cut in January. Morgan Stanley economists predict rate cuts in both months.
Driven by fund adjustments and global dynamics, corn hit a 6-month high, while soybeans dipped due to South America's expected bumper harvest. The market awaits the USDA's supply and demand report.
The sudden change in Syria's political situation has intensified regional uncertainty, driving an oil price rebound. However, the market remains focused on the strengthening of the dollar and changes in Federal Reserve policy.
U.S. consumers anticipate rising inflation, but remain optimistic about their personal financial outlook, revealing future challenges alongside confidence according to a New York Fed report.
Morgan Stanley analysts have indicated that the dollar has absorbed most of the positive news, and investors should consider selling it. They suggest shorting the dollar through GBP/USD or AUD/USD.