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Dollar pulls back ahead of PMIs

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 | il y a 626
Is gold forming a double top pattern?

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 | il y a 626
Daily Global Market Update

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 | il y a 626
VIX at Record Low, Sparks Equity Market

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 | il y a 626
UK gilts yields rise as expected date for an interest rate cut is pushed out

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 | il y a 628
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 | il y a 628
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 | il y a 628
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 | il y a 628
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 | il y a 629
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 | il y a 629
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 | il y a 629
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 | il y a 629
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 | il y a 629
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 | il y a 630