Analysis

GBPJPY recedes from new highs

GBPJPY recedes from new highs

GBPJPY starts a new brief bearish cycle after fresh highs. Support at 185.60, but sellers need to drive deeper to change outlook.
XM Group | 592 days ago
EUROPE CPI - ANALYSTS EXPECT IT TO COME LOWER AS LAGARDE MENTIONED

EUROPE CPI - ANALYSTS EXPECT IT TO COME LOWER AS LAGARDE MENTIONED

We're at the end of yet another week filled with impactful data, especially from the US. Throughout this week, we've delved into the US CPI and the retail sales. I almost forgot to mention the positive data that came from Australia yesterday. Employment figures rose, but the charts didn't reflect that positively for the Australian Dollar.
ACY Securities | 595 days ago
Oil prices drop to 4-month low

Oil prices drop to 4-month low

Oil prices registered a notable 5% decline yesterday as concerns over crude oil demand persisted despite the onset of the winter season. Eyes are now on the upcoming OPEC meeting in December.
PU Prime | 595 days ago
Daily Global Market Update

Daily Global Market Update

GBP/USD moved sideways; Bitcoin dropped 4.2%, oversold; Oil/USD fell 4.3%, oversold; AUD/USD down 0.6%, CCI negative. Solana surges 177%; Europe's index drops. Oil prices down on US supply and China demand. Upcoming: UK Retail Sales, US Housing Starts, and more.
Moneta Markets | 595 days ago
US Existing Home Sales May Experience Further Declines

US Existing Home Sales May Experience Further Declines

US existing home sales declined to 3.96 million, hindered by limited inventory and housing affordability. Core durable goods orders held at 0.5%, indicating manufacturing sector stability amid rising rates and high inflation. Germany's GDP dipped to -0.1%, raising recession concerns.
PU Prime | 595 days ago
Dollar gains on upbeat retail sales

Dollar gains on upbeat retail sales

The Dollar index plummeted over 1.5% in the wake of the U.S. CPI release indicating a softening of inflationary pressures. Market reassesses the likelihood of further interest rate hikes in the U.S.
PU Prime | 596 days ago
Weak CPI Prompts Larger Than Expected Drop on USD

Weak CPI Prompts Larger Than Expected Drop on USD

The deviation from consensus in the US CPI data for October was minimal, with a mere 0.1ppt difference for both the headline and the core. However, it triggered the most significant sell-off of the US dollar since, coincidentally, the October CPI report in November 2022.
ACY Securities | 596 days ago
Dollar tumbles on cooler-than-expected US inflation

Dollar tumbles on cooler-than-expected US inflation

Slowing US inflation confirms view that Fed is done with hikes - Aussie and kiwi gain the most on bolstering risk sentiment - Pound pulls slightly back on lower-than-expected UK inflation - Wall Street rallies as investors cheer US inflation data
XM Group | 596 days ago
Daily Global Market Update

Daily Global Market Update

Euro slightly down (-0.2%), Dollar up vs. Yen (+0.55%), Gold dipped (-0.1%). NIO stock surged (+3.6%). Dollar gains on strong US retail sales, global stocks rise on lower US inflation. EU growth forecast downgraded. Key economic events today.
Moneta Markets | 596 days ago