The Euro (EUR/USD) tumbled 0.8% lower to 1.0887 (1.0975) weighed by a soft Eurozone Inflation report. The Dollar Index (DXY), which measures the value of the Greenback against a basket of 6 major currencies rebounded to 103.55 from 102.80.
ACY Securities | il y a 1
Pound down 0.5% vs. Dollar; MACD signals positive. Bitcoin slips 0.1%; Williams Percent Range negative. Oil drops 2.6%; MACD suggests upside. Aussie Dollar dips 0.2%; MACD remains positive. UK urges crypto tax disclosure. Euro inflation down to 2.4%. US crude production at record high. Today's economic events include Austria GDP, US ISM PMI, and more.
Moneta Markets | il y a 1
Despite OPEC+ announces production cuts, oil traders remain skeptical, resulting in a nearly 3% overnight plunge in oil prices. The voluntary nature of these cuts, coupled with Angola's rejection, raises questions about their effectiveness.
PU Prime | il y a 1
Tumbling inflation erodes euro’s gains as dollar perks up despite rate cut bets. Wall Street loses some steam but stocks still set for best month of the year. Oil prices climb cautiously as OPEC+ output decision awaited
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 | il y a 2
Hey Traders, Nathan Bray here from ACY Securities with some significant news. Peter Schiff has emerged victorious in a defamation action against our very own Australian 60 Minutes and reporter Nick McKenzie. It's a momentous win after witnessing the distressing accusations hurled at Schiff and his bank in a televised interview.
Let's dive straight into the recent market movements that have been causing quite a stir. The massive drop in US 2-year bond yields has been an absolute game-changer, significantly impacting the US dollar's trajectory. But let's unpack the core of this before anything else.
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).
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.
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market: another pullback within the framework of growth
FxPro | il y a 2
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 | il y a 2
A lot's been happening in the markets lately, and I've been itching to discuss it with you. We're witnessing a hint of weakness in the US dollar, a trend that's driven it down against various currencies. Last week was surprisingly quiet, not much activity or significant news shaking things up.
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%.
In the current market scenario, equities exhibit a mixed performance, characterized by narrow ranges, while the foreign exchange (FX) market experiences a temporary stall as participants eagerly await additional data.