Análisis

Pre-Christmas RBA rate decision will likely be on hold

Pre-Christmas RBA rate decision will likely be on hold

The November rate hike decision was a pointed way to impact consumer inflation, which rose 5.6% in September, up from 5.2% and 4.9% in August and July, respectively. Current price rises and general economic conditions in Australia give the RBA a reason to resume its pause in interest rate hikes.
OctaFX | hace 623
NZD Hawkish RBNZ Adds to USD Selling

NZD Hawkish RBNZ Adds to USD Selling

In the unfolding narrative of today's Asian trading session, the US dollar found itself grappling with yet another catalyst for a downturn, this time spurred by an unexpectedly hawkish monetary policy pronouncement from the Reserve Bank of New Zealand (RBNZ).
ACY Securities | hace 624
USD 2-Year Yield Drops Sharply but on What Exactly?

USD 2-Year Yield Drops Sharply but on What Exactly?

The value of the United States dollar has experienced a significant decline, with the DXY index nearing a 4% drop on a month-to-date basis. If this trend persists, it could mark the most substantial monthly decrease in the dollar's performance since November of the previous year.
ACY Securities | hace 624
Daily Global Market Update

Daily Global Market Update

Euro-Dollar corrected down 0.2%, Stochastic positive. Dollar-Yen stable, oversold per Williams. Gold unchanged, Stochastic RSI overbought. Tesla stock dropped 2%, CCI overbought. Dollar rebounded on US Q3 growth, global markets uptick. Economic events today: US jobless claims, personal income, Eurozone CPI, Germany and Japan unemployment rates, Japan housing starts.
Moneta Markets | hace 624
Fed’s Waller talks rate cuts and hurts the dollar

Fed’s Waller talks rate cuts and hurts the dollar

Dollar extends tumble as Waller raises prospect of lower rates - Yen, kiwi, and aussie the main winners once again - RBNZ holds rates steady, but lifts OCR projections - Gold stretches rally, oil rebounds ahead of OPEC+ decision
XM Group | hace 624
All Eyes on OPEC+ Meeting

All Eyes on OPEC+ Meeting

Market attention is currently focused on the OPEC+ meeting scheduled for today, with widespread expectations that further oil production cuts will be on the agenda, potentially fueling a surge in oil prices
PU Prime | hace 624
Dollar Index Slumps, Kiwi Up Ahead of RBNZ, Yen Rallies

Dollar Index Slumps, Kiwi Up Ahead of RBNZ, Yen Rallies

The Dollar Index slumped while gold and silver prices soared on hopes that the Fed may start easing policy sooner than expected. Meantime the Kiwi (NZD/USD) found its wings, soaring 0.55% against the Dollar ahead of today’s RBNZ rate decision. New Zealand’s Reserve Bank is expected to keep its Official Cash Rate at 5.5%.
ACY Securities | hace 625
AUD & NZD in Focus at Start of the Week

AUD & NZD in Focus at Start of the Week

The overnight trading session unfolded with a notable lack of volatility. Noteworthy shifts were observed among G10 currencies, with particular attention drawn to the Australian dollar and the yen, as the US dollar remained in a weakened position.
ACY Securities | hace 625
Daily Global Market Update

Daily Global Market Update

Bitcoin and Apple rise, Aussie Dollar gains, Gold climbs (overbought). Gold hits 6-month high on USD weakness. Chang Pang resigns amid $4.3B settlement. Upcoming: Australia's Construction, US GDP, Japan's Retail Sales, France's Payrolls.
Moneta Markets | hace 625
OPEC is likely to extend the production cuts into 2024, as crude prices have fallen by almost 20% since late September.

OPEC is likely to extend the production cuts into 2024, as crude prices have fallen by almost 20% since late September.

Crude oil price has declined noticeably over the past two months due to slowing global economy and weaker-than-expected demand. Speculation has grown as to whether OPEC+ will step in and balance the market, propping the prices higher. OPEC+ is set to meet on 30 November and may announce supply cuts. The meeting was previously postponed due to disagreements inside the group.
OctaFX | hace 625
Fed cut bets continue to weigh on dollar

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 | hace 626
Gold posts new 6-month high

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 | hace 626