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Analysis
Fed cut bets continue to weigh on dollar
Dollar extends slide as first 25bps Fed cut seen by June - Fed officials speak ahead of PCE inflation data later this week - Yen gains on reports the BoJ is considering exiting negative rates - Aussie and kiwi stretch rally, RBNZ decision awaited
XM Group
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584 days ago
Gold posts new 6-month high
Gold prices are extending their bullish rally towards a fresh six-month high of 2,018, holding well above the simple moving averages (SMAs) in the daily timeframe.
XM Group
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584 days ago
Weakness in Housing Is No Reason to Be Happy in Equities
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weakness in Housing Is No Reason to Be Happy in Equities
FxPro
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584 days ago
Focus on central bank remarks
Asian markets mixed, Japan down, China up. US Treasury steady. UK retail inflation at 17-month low (4.3%). BoE's Ramsden warns of persistent inflation. UK eyes Autumn Statement impact. Fed's Waller's outlook speech awaited. ECB speakers include Nagel, Lane, and Lagarde. Economic data: Eurozone M3 negative, US consumer confidence expected to fall. UK gilt yields retreat, pound above 1.26.
Moneta Markets
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584 days ago
DXY Extends Drop, CAD Outperforms; AUD, NZD, EMFX Edge Up
The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of 6 major currencies, extended its drop to 103.40 (103.75) in thin holiday trade. The Canadian Loonie outperformed. The USD/CAD pair slid 0.7% to 1.3615, just over one-month lows from 1.3640 in the previous session.
ACY Securities
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584 days ago
Private Consumption Weakening Is Starting to Act as a Major Drag on Prices
The Bank of Japan (BoJ) continues to adhere to its stance that private consumption has exhibited a steadfast, moderate pace of growth, even in the face of challenges posed by ascending price levels. The BoJ anticipates that while there may be an impact on private consumption due to these price increases.
ACY Securities
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584 days ago
Eurozone PMIs (Nov)
The eurozone PMIs bounced back a bit in November but still signalled contraction. The composite employment index dipped below 50 for the first time since the pandemic. While there was a re-acceleration in both input and output price inflation, reflecting wage pressure in the service sector.
ACY Securities
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584 days ago
November Has Been a Bad Month for the USD
At the commencement of this week, the US dollar has displayed continued weakening, particularly evident in its depreciation against the yen overnight. This sets the dollar index on a trajectory to register its initial monthly decline since July, poised to be the most significant in percentage terms since November of the previous year when it sharply decreased by -5.0%.
ACY Securities
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584 days ago
The crypto deepens correction
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto deepens correction
FxPro
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584 days ago
Dollar and oil extend slide ahead of busy week
Major pairs and gold climb to new highs as dollar sags. Inflation data and Fed speakers awaited for direction. Oil drifts lower ahead of OPEC+ decision
XM Group
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584 days ago
Weekly Technical Outlook – WTI, USDJPY, EURUSD
OPEC+ meeting expected to cut production; WTI crude oil remains in the red; US Core PCE index to soften; USDJPY fails to climb higher
XM Group
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584 days ago
Dollar Weakens as the Treasury Yield Slumps
U.S. long-term treasury yields have retraced to recent lows, adding sparking discussions about the possibility of the Federal Reserve cutting rates next year; this has added downside pressure on the U.S. dollar, with the dollar index reaching its lowest level since August
PU Prime
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584 days ago
The USD Experiences a Downturn as EUR/USD Rises
The EUR/USD currency pair saw an uptick, reaching 1.0944 at the onset of the final week of November. This movement indicates a weakening of the US dollar against the Euro.
RoboForex
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584 days ago
Cryptocurrency traders pause after growth
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Cryptocurrency traders pause after growth
FxPro
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585 days ago
Dollar pulls back ahead of PMIs
Dollar pulls back on Thanksgiving as Fed cut bets weigh - Focus today turns to the preliminary S&P Global PMIs - Japan’s CPIs accelerate, corroborating a BoJ policy exit next year - Gold gains, oil loses more ground on OPEC delay
XM Group
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585 days ago
Is gold forming a double top pattern?
Gold gets rejected a tad below its recent 5-month peak - A failure to claim that level could validate a double top structure - While momentum indicators remain tilted to the upside
XM Group
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585 days ago
Daily Global Market Update
Oil dropped 1.55%, Aussie dollar steady, euro stable, dollar-yen sideways. Bank of England's digital pound proposal mixed, Tesla investing $2 billion in India, Zar Intelligence doubled revenue. Upcoming: US New Home Sales, Dallas Fed Index, Finland's Confidence, and CFTC Net Positions.
Moneta Markets
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585 days ago
VIX at Record Low, Sparks Equity Market
The U.S. equity market is set to return to normal trading hours after the Thanksgiving holiday; meanwhile, with the VIX index reaching its lowest level since January 2020. This suggests a heightened risk-on sentiment, potentially supporting bullish trends in the equity market while putting continued pressure on the U.S. dollar.
PU Prime
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585 days ago
Ethereum took $2100, heading towards $2500
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Ethereum took $2100, heading towards $2500
FxPro
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588 days ago
UK gilts yields rise as expected date for an interest rate cut is pushed out
Asia-Pacific markets down, US partial trading day after Thanksgiving. Japanese CPI up to 3.3%. Bank of England warns of high price pressures. UK consumer confidence improves to -24. German IFO survey expected to show weak activity. US PMIs and interest rate expectations in focus. UK bond yields rise post-Autumn Statement and strong PMI data.
Moneta Markets
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588 days ago
