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.
ACY Securities | 9 ชม. 24 นาทีที่ผ่านมา
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 | 9 ชม. 26 นาทีที่ผ่านมา
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.
ACY Securities | 9 ชม. 30 นาทีที่ผ่านมา
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 | 9 ชม. 33 นาทีที่ผ่านมา
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 | 9 ชม. 43 นาทีที่ผ่านมา
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 | 11 ชม. 19 นาทีที่ผ่านมา
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
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weakness in Housing Is No Reason to Be Happy in Equities
FxPro | 1 วันที่ผ่านมา
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 | 1 วันที่ผ่านมา
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.
The Bank of Japan (BoJ) continues to adhere to its stance that private consumption has exhibited a steadfast, moderate pace of growth, even in the face of challenges posed by ascending price levels. The BoJ anticipates that while there may be an impact on private consumption due to these price increases.
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.
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%.
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 | 1 วันที่ผ่านมา