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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 | 538 일 전
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 | 538 일 전
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 | 538 일 전
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 | 539 일 전
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 | 539 일 전
Focus on central bank remarks

Focus on central bank remarks

Asian markets mixed, Japan down, China up. US Treasury steady. UK retail inflation at 17-month low (4.3%). BoE's Ramsden warns of persistent inflation. UK eyes Autumn Statement impact. Fed's Waller's outlook speech awaited. ECB speakers include Nagel, Lane, and Lagarde. Economic data: Eurozone M3 negative, US consumer confidence expected to fall. UK gilt yields retreat, pound above 1.26.
Moneta Markets | 539 일 전
DXY Extends Drop, CAD Outperforms; AUD, NZD, EMFX Edge Up

DXY Extends Drop, CAD Outperforms; AUD, NZD, EMFX Edge Up

The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of 6 major currencies, extended its drop to 103.40 (103.75) in thin holiday trade. The Canadian Loonie outperformed. The USD/CAD pair slid 0.7% to 1.3615, just over one-month lows from 1.3640 in the previous session.
ACY Securities | 539 일 전
Eurozone PMIs (Nov)

Eurozone PMIs (Nov)

The eurozone PMIs bounced back a bit in November but still signalled contraction. The composite employment index dipped below 50 for the first time since the pandemic. While there was a re-acceleration in both input and output price inflation, reflecting wage pressure in the service sector.
ACY Securities | 539 일 전
November Has Been a Bad Month for the USD

November Has Been a Bad Month for the USD

At the commencement of this week, the US dollar has displayed continued weakening, particularly evident in its depreciation against the yen overnight. This sets the dollar index on a trajectory to register its initial monthly decline since July, poised to be the most significant in percentage terms since November of the previous year when it sharply decreased by -5.0%.
ACY Securities | 539 일 전
Dollar Weakens as the Treasury Yield Slumps

Dollar Weakens as the Treasury Yield Slumps

U.S. long-term treasury yields have retraced to recent lows, adding sparking discussions about the possibility of the Federal Reserve cutting rates next year; this has added downside pressure on the U.S. dollar, with the dollar index reaching its lowest level since August
PU Prime | 539 일 전
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 | 540 일 전