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Aussie Jumps on Hawkish Bullock, Dollar Index Eases

Aussie Jumps on Hawkish Bullock, Dollar Index Eases

New York markets closed early in preparation for the long US Thanksgiving weekend. The Australian Dollar (AUD/USD) jumped to 0.6562 (0.6542) after RBA Governor Michelle Bullock mentioned that policy tightening was the appropriate response to demand driven inflation.
ACY Securities | vor 542 Tagen
UK Data Wrap-up

UK Data Wrap-up

The UK PMIs recovered a little in November, which chimes with recent rises in payrolls and house prices. But some of the price indices showed a small rebound in inflation too. Meanwhile, net inward migration in the year to June was 672k, with 82% of arrivals accounted for by non-EU nationals.
ACY Securities | vor 542 Tagen
USD Oil Price Volatility & European Political Risk in Focus

USD Oil Price Volatility & European Political Risk in Focus

In the wake of recent market developments, my attention has been drawn to the overnight weakening of the US dollar, a phenomenon that precipitated a decline in the dollar index, finding support just above 103.60 from the 200-day moving average. This retracement unfolded as the dollar faltered in its attempt to sustain the advance witnessed in the previous session.
ACY Securities | vor 542 Tagen
Market Remains Muted While Celebrating Thanksgiving

Market Remains Muted While Celebrating Thanksgiving

Amidst the Thanksgiving holiday, with the U.S. equity market closed, market observers anticipate subdued trading in the Dollar Index (DXY) and gold prices throughout the festive season. Concurrently, the trajectory of oil prices remains uncertain, as the rescheduled OPEC+ meeting casts a shadow on decisions related to production cuts, introducing an element of ambiguity in the oil market.
PU Prime | vor 543 Tagen
Mastering Market Analysis: Building Your Own COT with Luca Santos

Mastering Market Analysis: Building Your Own COT with Luca Santos

Join Luca Santos, a seasoned Technical Market Analyst at ACY Securities, in this educational video as he unravels the secrets of constructing your Custom Commitments of Traders (COT) report. With an emphasis on empowering traders, Luca delves into the essential steps and insights required to craft a personalized COT analysis framework.
ACY Securities | vor 543 Tagen
Euro’s Journey, Global Dynamics, and the Unfolding Impact of Geopolitics

Euro’s Journey, Global Dynamics, and the Unfolding Impact of Geopolitics

The EUR/USD witnessed a rollercoaster ride between 1.0825 and 1.0965 over the past week. Amidst this volatility, notable events unfolded, including the impact of US consumer price data, legal developments in Germany concerning the supplementary budget, and the nuanced response to the Federal Reserve's assertive interest rate strategy.
ACY Securities | vor 543 Tagen
Canadian CPI (October) Measured Progress in Core Measures

Canadian CPI (October) Measured Progress in Core Measures

In the month of October, Canada witnessed a further moderation in annual inflation, with the pace standing at 3.1%, aligning with consensus expectations. This marked a significant deceleration from the previous month's 3.8%, primarily attributed to a decline in gasoline prices.
ACY Securities | vor 543 Tagen
Daily Global Market Update

Daily Global Market Update

Euro dips 0.2%, CCI signals negative. Dollar rises 0.9% vs. Yen, RSI negative. Gold down 0.4%, Stochastic RSI positive. Amazon gains 1.2%, overbought. Global banks predict 2024 economic slowdown due to high rates and energy costs. Upcoming economic highlights include French Business Climate, Japan's CPI, and more.
Moneta Markets | vor 543 Tagen
Fed minutes halt dollar’s drop

Fed minutes halt dollar’s drop

Dollar breathes as Fed minutes confirm ‘higher for longer’ view - BoE’s Bailey pushes sterling higher, Autumn Statement on tap - Wall Street traders find opportunity for profit taking - Gold continues to march north, moves above $2,000
XM Group | vor 544 Tagen
Oil Prices Declines on OPEC Delay Meeting

Oil Prices Declines on OPEC Delay Meeting

In an unexpected turn of events, the scheduled OPEC meeting slated for the upcoming weekend has been deferred to November 30th, resulting in a nearly 1% dip in oil prices. This surprise decision primarily stems from discord among African nations regarding oil output limit quota. Concurrently, the prolonged stagnation of U.S. long-term treasuries yield is contributing to a weakened dollar
PU Prime | vor 544 Tagen
Daily Global Market Update

Daily Global Market Update

Bitcoin down 1.6%, Nike up 0.4%, Aussie Dollar stable, Gold rose 0.8%. Global: Gold tops $2,000 on Fed caution, Binance settles $4.3B fine. Upcoming: US Durable Goods, Jobless Claims, European Consumer Confidence.
Moneta Markets | vor 544 Tagen
Dollar Strength, Yen Weakness Continues

Dollar Strength, Yen Weakness Continues

The week commenced with the USD/JPY opening at 151.47. Early in the Tokyo session on November 13, the yen saw selling activity without any significant news catalyst. Despite appearing somewhat top-heavy above the end-October high of 151.74, the USD/JPY climbed to 151.92 as overseas traders entered the market in response to increased UST yields and dollar appreciation.
ACY Securities | vor 544 Tagen