The November New York Fed survey of consumer expectations showed:November three-year-ahead expected inflation rate unchanged at 3%November five-year-ahead expected inflation rate unchanged at 3%U.S. households’ year-ahead expected inflation rate unchanged at 3.2% in NovemberHouseholds more pessimistic on current and future financial situations in NovemberNovember year-ahead expected rise in medical costs highest since January 2014November home price rise expectation steady at 3%Labor market expectations improved in November This article was written by Greg Michalowski at investinglive.com.

According to a filing, the Ellison family (PSKY) and RedBird committed to backstop 100% of the USD 40.7bn equity capital required for the deal.The structure with Ellison family eliminates any potential CFIUS (foreign investment) review risk for the proposed WBD transaction.If the proposed deal is terminated under certain circumstances, Paramount (PSKY) would pay WBD a USD 5bn termination fee.If the deal is terminated under other circumstances, WBD would pay a termination fee of approximately USD 2.9bn.Tencent (0700 HK) will no longer participate as a financing partner in the transaction.New debt financing agreements were entered into with Bank of America (BAC), Citi (C), and Apollo (APO) for up to USD 54bn in principal.Jared Kushner is said to be involved in helping finance the bid for Warner Brothers Discovery (WBD), according to Axios citing a regulatory filing.This follows Paramount Skydance’s (PSKY) all-cash tender offer to acquire WBD for USD 30/shr, valuing the transaction at USD 108.4bn.Pres. Donald Trump has expressed significant reservations about the proposed Netflix–Warner Bros. Discovery deal, saying it “could be a problem” due to the size and market share the combined company would command. While he praised Netflix co-CEO Ted Sarandos as a “fantastic man” and called Netflix a great company, Trump emphasized that the scale of the merger raises real antitrust concerns. He also stated that he intends to be personally involved in the regulatory vetting process, signaling that the deal will face unusually high executive-level scrutiny. Despite his positive comments about the companies themselves, Trump made clear that there is no guarantee the transaction will move forward, underscoring uncertainty around whether such a large consolidation could win approval under his administration. The news that his son-in-law Jared Kushner is involved on the Paramount Skydance deal, of course raises an eyebrow. This article was written by Greg Michalowski at investinglive.com.

The USDJPY has moved higher after the 7.6 magnitude earthquake struck the East Coast of Aomori Prefecture. Tsunami warnings and advisories are currently in effect (red and yellow areas on the map below). The USDJPY has pushed higher on the news, helped by rising U.S. yields, with the 10-year up roughly 4 basis points. On the hourly chart, the pair has now broken above its 200-hour moving average at 155.643, a level that capped upside earlier in the day. It has also moved above the top of the swing area at 155.754, with today’s high extending toward 155.91.On the topside, the next key target comes in at 156.17 — last week’s high. A break above that level would open the door toward the November 26 high at 156.736.For traders who bought the breakout (or entered earlier), the key risk now is a move back below the 200-hour moving average, currently near 155.64. Falling below that level would weaken the bullish momentum in the short term. Beneath that, the 100-hour moving average at 155.29 becomes the next important downside target. A break below the 100-hour MA would tilt the bias firmly back in favor of the sellers and hand them greater control. It's This article was written by Greg Michalowski at investinglive.com.

In the video above, I take a closer look at the USDCHF, which is stretching higher and testing a key resistance swing area between 0.8066 and 0.8076. A break above that zone — and more importantly, a sustained move above it — would open the door for additional upside momentum.From a broader perspective, the pair’s year-to-date high was set near 0.9200 in early January, while the low at 0.7828 was reached in September. With the price now trading near 0.8075, USDCHF remains close to the lower end of its 2024 range and is still hovering near levels not seen since 2011.If buyers can wrestle back control and push above 0.8076, the next major upside target becomes the 38.2% retracement of the year’s trading range, which comes in near 0.8353 — a level that also aligns with multi-year swing lows. That gives the market ample “room to roam” if upside momentum builds.The video walks through these technical zones and lays out a clear roadmap for both buyers and sellers. For now, buyers are making an attempt, but they must break and hold above 0.8076 to ignite a new leg higher. This article was written by Greg Michalowski at investinglive.com.

Sector OverviewToday's stock market heatmap reveals a buoyant performance in the technology sector, with standout gains driven by companies like Oracle (ORCL) and Broadcom (AVGO). ORCL has surged by an impressive 2.00%, reflecting positive investor sentiment and likely fueled by strong earnings forecasts or strategic announcements. AVGO outshines with a remarkable increase of 3.23%, indicating robust semiconductor performance and possibly benefiting from recent industry trends or innovations.Meanwhile, the semiconductor segment itself showcases a healthy rise with notable gains in Nvidia (NVDA) up 0.93%, Advanced Micro Devices (AMD) climbing 1.19%, and Micron Technology (MU) enjoying a 3.06% uptick. This bullish movement might be attributed to increased demand in tech infrastructure and emerging AI applications.Market Mood and TrendsThe overall market mood is mixed, with clear sector-specific winners and losers. The consumer cyclical sector, despite Amazon's (AMZN) slight drop of 0.15%, holds potential as investor focus aligns with post-pandemic consumer spending patterns. However, Tesla (TSLA) has seen a decline of 1.91%, suggesting caution or potential reevaluation by investors in the auto manufacturing sphere.Communication services face a slight downturn, with Google (GOOGL) and Meta Platforms (META) down by 0.50% and 0.54% respectively, potentially reflecting concerns over advertising revenues or regulatory challenges.Strategic RecommendationsConsidering the current market dynamics, investors and traders should consider capitalizing on the bullish momentum in the technology and semiconductor sectors. Companies like Oracle and Broadcom may offer attractive opportunities given their current trajectories.Monitor tech stock performance closely, especially in software infrastructure and semiconductor domains where growth is anticipated.Practice caution with auto manufacturers and communication services stocks as they navigate potential headwinds.Diversification remains key. Spreading investments across thriving sectors while staying vigilant to sector-specific risks can safeguard against volatility. Visit InvestingLive.com for the latest news and strategic advice to navigate these market waters effectively. ?? This article was written by Itai Levitan at investinglive.com.

A 7.2 magnitude earthquake is reported off of northern Japan. More specifically off of the coast of Aomori Prefecture.There are Tsunami warnings for parts of northern Japan with maximum 3 m high tsunami expected after the earthquake UPDATE. There is no abnormalities at Tohoku Electric nuclear plant in Aomori after earthquake.The JPY has weakened on the news. For the USDJPY, the price has moved above the 200 hour MA at 155.64 and the high of a swing area up to 155.75. The high price has reached 155.91. Staying above 155.64 to 155.75 would be more bullish. This article was written by Greg Michalowski at investinglive.com.

The Paramount Skydance (PSKY) launched an all-cash tender offer to acquire Warner Bros Discovery (WBD) for $30 per share.The proposed deal values WBD at $108.4 billion.The offer covers 100% of WBD, including its global networks segment.Paramount has taken the offer directly to WBD shareholders.Equity financing will be backstopped by the Ellison Family and RedBird Capital, with additional debt fully committed by Bank of America, Citi, and Apollo.Paramount argues the Netflix transaction provides WBD shareholders with inferior and uncertain value.The offer is not subject to any financing conditions.Paramount will submit a premerger notification filing today under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.David Ellison (CEO of Paramount Skydance) is on CNBC touting his offer in relation to Netflix saying that the all-cash is a game changer. Says that he believes Pres. Trump is in favor of competitivenessif this deal is aloowed to pass it is anticompetitive and horrible for HollywoodWe believe that what we offer is better for Hollywood and better for the customersAbsolutely it would be beneficial for Hollywood. We will bring 30 movies per year to the big screen.This deal if it moves forward would be the death of movies in theaters.Our deal is a faster and superior path to close.Reiterates that the proposals is backstopped by Ellison family, Redbird capital.New deal addresses all the issues that Warner Bros. asked for.We believe there has been an inherent bias in the decision at Warner Bros. Says we did not hear back from Warner Bros. Looking at the respective stocks in premarket trading :Warner Bros. discovery shares are up 6.21% and $27.70Netflix shares are near unchanged at $100.27. Paramount Skydance shares are currently up 5.09% at $14.05.This story will one day be a movie. Will it be released on Netflix presumingly online, or Paramount Skydance in theaters? This article was written by Greg Michalowski at investinglive.com.

The USDCAD moved sharply lower on Friday after stronger jobs report. Recall,Unemployment rate 6.5% vs 7.0% expectedParticipation rate 65.1% vs 65.3% priorFull time -9.4% vs -18.5K priorPart time +63.0K vs 85.1K priorAverage hourly wages for permanent employees 4.00% vs 4.00% priorAs a reminder, there were a pair of weak reports in July/August followed by a pair of strong ones in Sept/Oct, leaving everyone guessing what the real trajectory of hiring in Canada is. This report provides an emphatic answer. It's another big jobs gain and a tumble in the unemployment rate. The fall in joblessness is flattered by declining participation but it still runs in the opposite direction of what markets were expecting.The Bank of Canada had already indicated a shift to the sidelines but now it might be time to start talking about when it's time to hike rates. Technically, the price fell below both the 100 day moving average at 1.3901 and the 200 day moving average at 1.38863 on Friday. That shift is significant. The price also moved below the 50% midpoint of the move up from the meat June low to the November high. That level comes in at 1.3839 and is the close risk level now for sellers looking for more downside.On the downside, the 61.8% retracement and swing level level going back to mid September both come in at 1.3768. That is the next key target. The price is currently trading between the 50% and the 61.8% retracement levels near the 1.3800.In the video, I look at the technicals and explain the key levels in play. This article was written by Greg Michalowski at investinglive.com.

MoneyGram Haas F1 Team today announced a major new multi-year partnership with IC, one of the world’s leading online trading brands. IC joins the team as the Official FX Trading Partner, with branding debuting on the nose, front wing, halo, and cockpit headrests of the Haas car at this weekend’s Abu Dhabi Grand Prix. As one of the world’s largest and most trusted trading brands, IC Markets has long been synonymous with cutting-edge technology, speed, and transparency. The visual identity change to IC represents the move towards a cleaner, more unified brand expression that supports IC’s future global growth plans for 2026. The collaboration with the MoneyGram Haas F1 Team represents IC’s largest global motorsport partnership to date, aligning the brand with one of Formula 1’s most dynamic teams at a pivotal moment for the sport’s global growth. “Formula 1 is the perfect expression of precision, discipline, and performance under pressure, qualities that resonate deeply with IC and with the traders we serve around the world,” said Tony Philip, Chief Marketing Officer at IC. “This partnership marks an important milestone in our global growth strategy. Alongside it, we are also rolling out a timely refresh of our logo and visual identity, a small but meaningful step as we embark on the next chapter of the IC journey.” Ayao Komatsu, Team Principal of MoneyGram Haas F1 Team, added “We’re excited to welcome IC to the team. Their focus on technology, efficiency, and continual improvement aligns closely with our ethos in Formula 1. We look forward to building a high-performing partnership together.” Jason Hughes, General Manager of IC MENA, commented “The UAE is shaping the future of global finance, making Abu Dhabi the perfect stage for this partnership. Our presence here reflects our long-term commitment to the region and our ambition to continue delivering world-class trading experiences and products.” About IC MarketsIC Markets is one of the world’s largest online trading providers, offering access to a wide range of trading instruments across Forex, Indices, Commodities, Stocks, Bonds, and Cryptocurrencies. Known for its deep liquidity, ultra-low spreads, and advanced trading technology, IC Markets is trusted by traders in over 200 countries. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading may not be suitable for all investors. Please ensure you read and understand the legal documents available on our website and seek independent advice if necessary. Availability of instruments varies by jurisdiction. This article was written by IL Contributors at investinglive.com.

The frontrunner for the nomination for the next Fed Chair, Kevin Hassett is speaking on CNBC and says:Powell has done a good job at herding the cats. We should continue to get the rate down someWe need to watch the data. We have a lot of missing dataThe president has a guaranteed good choice for the Fed Chair roleThe way the problem gets fixed is real wages go higher, so the real standard of living goes upPositive supply shocks should help economyInflation hurts everybody in the economy.Plenty of room for the 10 year to go down.There is a lot of positive news the Pres. will be announcing in the economyThere are 30 new factories opening in the USWe did take a look at consumer sentiment and it tends to crater during a government shutdown.On ACA subsidies, there is room for negotiationHassett is the runaway favorite on Polymarket to be the next Fed Chair nominee. This article was written by Greg Michalowski at investinglive.com.

The USD is modestly changed vs the major currencies to start the US session and the new trading week. In the video, I take a look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD - from a technical perspective. This week the expectations is for a 25 basis point cut from the Fed on Wednesday, with many thinking it will be a hawkish cut as the Fed moves toward neutral. The Fed cut 100 basis points in 2024 and have cut 50 - soon to be 75 basis points in 2025. Inflation remains above the 2% target but has seemed to have steadied. The employment data is somewhat mixed with ADP showing weakness while the initial jobless claims showing strength or at least a "no hire/no fire" economy. In other markets, US stocks are trading marginally higher after gains last week: Dow industrial average is up 10.01 pointsS&P index is up 9.85 pointsNASDAQ index is up 77.20 pointsin the US debt market, yields are higher: 2-year yield 3.579%, +1.5 basis points5 year yield 3.730%, +1.6 basis points10 year yield 4.150%, +1.2 basis points30 year yield 4.801%, +1.0 basis points This article was written by Greg Michalowski at investinglive.com.

A busy week lies ahead with several key economic events on the calendar, but Monday begins quietly, with no significant releases. On Tuesday, the main focus will be the RBA’s monetary policy announcement and the ADP employment change and JOLTS job openings data in the U.S. BoJ Governor Ueda will take part in a moderated discussion on inflation, interest rates, financial stability and the yen’s external value at the Financial Times Global Boardroom Conference in London. Wednesday will bring the BoC’s monetary policy announcement, followed by the highly anticipated FOMC meeting in the U.S. On Thursday, Australia will release its employment change and unemployment rate, Switzerland will announce its SNB monetary policy decision, and the U.S. will publish its weekly unemployment claims. Closing the week on Friday, the U.K. will release its GDP m/m figures. At this week’s meeting, the RBA is expected to keep rates unchanged. Recent data suggests the economy is beginning to gain momentum, as reflected in the Q3 National Accounts. While the monthly CPI came in above expectations, Westpac analysts note that the strongest price increases were concentrated in sectors heavily influenced by government policy rather than market forces, highlighting ongoing structural drivers of inflation. For now, the Bank will continue monitoring incoming data before determining the next steps for monetary policy. Expectations are that inflationary pressures will moderate next year, opening the door for the RBA to deliver two 25 bps rate cuts. This week brings the JOLTS data for both September and October, which should shed more light on the softening U.S. labor market. The consensus for the October release is 7.14M job openings. Markets will be focused on key indicators such as the job-openings-to-unemployment ratio and the quit rate. Wells Fargo analysts note that the openings-to-unemployed ratio fell below 1.0 in August, and a further decline would signal a growing imbalance between labor demand and supply. Meanwhile, the quit rate has held steady at 1.9% throughout the year, but a meaningful drop would suggest workers are becoming more cautious in response to a weakening labor environment. At this week’s meeting, the BoC is expected to keep rates on hold after delivering two consecutive cuts in September and October. Since then, Canadian economic data has pointed to a recovery. GDP has exceeded expectations, and the labor market has stabilized, with employment rising by 54,000 in November and the unemployment rate falling from 7.1% to 6.5%. The recent rate cuts have also supported household spending. Inflation, however, remains above the Bank's 2% target, and there could be some upward pressure next year due to both consumer and government spending. Even so, markets do not expect further rate cuts in 2026. At this week’s FOMC meeting, a 25 bps rate cut is likely, though given the recent divisions within the Fed, it could be a close call. Inflation remains a concern in the U.S., particularly due to tariff-related price increases. However, signs of softening in the labor market tilt the odds toward a rate cut, an outlook echoed by several influential policymakers. The Fed will also release its updated economic forecasts. Some analysts expect the projections to show just one additional rate cut in 2026, while market pricing currently anticipates two to three rate cuts next year. Markets are also closely watching the possibility of a new Fed chair nomination in 2026. If the White House selects a widely expected candidate such as Kevin Hassett, investor focus could shift from worrying that the Fed is being too slow to cut rates to fearing that it might ease policy too aggressively. This would introduce an additional layer of uncertainty to early-year monetary policy expectations. In Australia, the consensus for employment change is 20.3K, down from 42.2K previously, and the unemployment rate is expected to edge up from 4.3% to 4.4%. Although October’s employment data exceeded expectations, Westpac analysts note that the three-month trend in job creation has slowed to roughly 1.5% annualized, which is about half a percentage point weaker than earlier in the year. The Q3 Labour Account also highlights a shift beneath the surface: Industries that expanded rapidly during the care-sector hiring boom are now normalizing, while market-oriented sectors are gradually regaining momentum. Labour demand strengthened while labour supply held steady, with the participation rate unchanged at 67.0%. The unemployment rate fell last month from 4.5% to 4.3%, but signs suggest it is still drifting gradually higher. Much of the recent month-to-month volatility is coming from younger workers, whose unemployment rate has swung sharply and has tended to lead the gradual rise now becoming visible in the broader adult workforce. For this week’s meeting, the SNB is expected to keep rates unchanged. Inflation in Switzerland has fallen more than expected, but for now it is unlikely that the Bank will respond by easing policy. Inflation is expected to hover around zero for some time, and the SNB could cut rates by 25 bps to –0.25% in March next year, returning to negative interest rates as inflation dynamics become a growing concern. However, such a move would require a higher threshold and will come only if other options have been exhausted.In the U.K. manufacturing output decreased in September on the heels of the major cyberattack that caused Jaguar Land Rover to halt production for several weeks. This has since been resolved and October GDP is expected to show a modest improvement of 0.1% compared to -0.1% the previous month. This article was written by Gina Constantin at investinglive.com.

Eurostoxx -0.03%Germany DAX -0.11%France CAC 40 -0.07%UK FTSE +0.17%Spain IBEX -0.28%Italy FTSE MIB -0.03These are very small changes and they are already getting pared. Earlier in the session, we got a Bloomberg article on ECB's Schnabel recent remarks in which she said that she was comfortable with bets that the next move could be a rate hike. That might have weighed a bit on the sentiment, but in the end they will decide based on the data. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior -37This is not a market moving release. This index has been deeply in the negative since 2022, although it rebounded from the trough made in October 2023 at -52.5. The SNB meanwhile is not expected to do anything in terms of monetary policy. This article was written by Giuseppe Dellamotta at investinglive.com.

Prior +1.3%Industrial production Y/Y +0.8% vs -1.0% priorThis is not a market-moving release but it's a nice beat on estimates and another confirmation of a pick up in economic activity. Industrial production has been recovering from the May 2024 trough at -7.7% and it's now back into positive territory.ECB's Schnabel has been mentioning the possibility of a rate hike in 2026. If things keep improving and inflationary pressures intensify, we might indeed see a rate hike in 2026, and potentially from other central banks too. This article was written by Giuseppe Dellamotta at investinglive.com.

Comfortable with bets that next move will be a rate hikeBarring shocks, interest rates are at appropriate levelsThe economy has been much more resilient than could have been expectedECB can tolerate moderate deviations from the targetWhat matters is the overall macroeconomic narrativeInflation is in good place Services inflation remains the most important challengeWe have to monitor whether our policy becomes more accomodative over time, and potentially too accomodativeBloomber with the report. Schnabel generally leans on the hawkish side and she was one of the first members saying that rate hikes could come earlier than people expected.Schnabel notes that "the decline in core inflation has stalled at a time when the economy is recovering, the output gap is closing and fiscal policy is expanding, all of which would tend to be inflationary". This article was written by Giuseppe Dellamotta at investinglive.com.

EUR/USD1.1800 (EUR 1.99 bn)1.1650 (EUR 976.48 mn)1.1575 (EUR 892.51 mn)USD/JPY156.00 (US$ 1.67 bn)155.00 (US$ 1.73 bn)153.00 (US$ 778.82 mn)GBP/USD1.3500 (GBP 500.00 mn)1.3050 (GBP 740.00 mn)USD/CHF0.8020 (US$ 180.00 mn)0.7975 (US$ 100.00 mn)USD/CAD1.3940 (US$ 1.12 bn)AUD/USD0.6665 (AUD 301.57 mn)0.6595 (AUD 400.22 mn)0.6475 (AUD 864.67 mn)NZD/USD0.5730 (NZD 926.14 mn)EUR/GBP0.8845 (EUR 200.11 mn)0.8590 (EUR 175.00 mn)Justin prepared a weekly overview before leaving for the holidays here. For more information on how to use this data, you may refer to this post here. This article was written by Giuseppe Dellamotta at investinglive.com.

Concerned about FX movesImportant for currencies to move in stable manner reflecting fundamentalsWill take appropriate action on FX if necessaryThe market got used to these kind of comments by now. I guess the lack of meaningful JPY strength despite an upcoming BoJ rate hike is making them even more concerned. This article was written by Giuseppe Dellamotta at investinglive.com.

In the European session, we just have a couple of low tier releases like the German industrial production and the Swiss consumer confidence. None of the data is going to change anything for the respective central banks. In the American session, we only get the US consumer inflation expectations data from the NY Fed. After the upward spike seen in April, inflation expectations have been rolling over across all the major surveys (UMich, Conference Board and NY Fed). Central bank speakers:15:00 GMT/10:00 ET - ECB's Cipollone (neutral - voter)15:30 GMT/10:30 ET - BoE's Taylor (dovish - voter)17:00 GMT/12:00 ET - ECB's Villeroy (dovish - voter)18:30 GMT/13:00 ET - BoE's Lombardelli (hawkish - voter) This article was written by Giuseppe Dellamotta at investinglive.com.

Japan Q3 GDP revised -2.3% annualized vs -2.0% expectedWhat's the big contrarian trade for 2026? Commodities according to BofAChina posts another massive trade surplusIBM nears deal to buy Confluent at below the IPO priceMacron threatens tariffs on China "in the coming months" due to trade surplusesJapan October current account +2833b vs +3109B expectedTrump on restarting trade talks with Canada: We'll work it outJapan October labor cash earnings +2.6% vs +2.2% priorMarkets:Gold up $13 to $4209US 10-year yields flat at 4.13%WTI crude oil up 12-cents to $60.20S&P 500 futures up 0.2%JPY leads, CAD lagsThe US dollar was generally softer to start the week after Friday's strength. The yen was stronger despite the softer GDP data as the market begins to zero in on a BOJ hike next week. The moves overall for far are soft.The headline on Macron and China probably didn't get as much attention as it deserves, maybe because the market sees it as a hollow threat given the internal politics of the EU. Trump was fairly positive on Canada but there was little movement in CAD, similarly to when he broke off talks.Gold is sold to begin the week while bitcoin has traded in a wide range already from $89-92K. It's rebounded towards the top of that range after some selling as Asian markets opened. This article was written by Adam Button at investinglive.com.