The New Zealand dollar has started the trading week with losses. In the European session, NZD/USD is trading at 0.5837, down 0.50% on the day.
18-11-2024 07:14 GMT
by Kenneth Fisher
Forex: all news & analysis
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US Dollar Index rally continues and the impact of a strong US dollar on global markets.
Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential market implications.
Assessing the likelihood of further rate cuts by the Federal Reserve and the Bank of England.
Providing insights on market trends and potential volatility in the coming week.
15-11-2024 12:44 GMT
by Zain Vawda
The Australian dollar is steady after a five-day slide, which saw the currency fall by 3.5% during that period. In the European session, AUD/USD is trading at 0.6471, up 0.28% on the day.
China retail sales beats expectations
China retail sales, a key indicator of domestic consumption, jumped 4.8% y/y in October, up sharply from 3.2% in September and above the market estimate of 3.8%.
15-11-2024 06:03 GMT
by Kenneth Fisher
The British pound has stabilized on Friday after four straight losing sessions. In the European session, GBP is trading at 1.2666, up 0.02%.
15-11-2024 04:39 GMT
by Kenneth Fisher
The Japanese yen is in positive territory today, putting the brakes on a four-day skid. In the European session, USD/JPY is trading at 155.54 down 0.45% on the day.
Japan GDP climbs 0.9%
Japan’s economy expanded by 0.9% in the third quarter, below the revised 2.2% gain in Q2 but above the market estimate of 0.7%.
15-11-2024 03:50 GMT
by Kenneth Fisher
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA.
The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback.
The Swiss Franc's recent weakness will be welcomed by Swiss exporters and eases pressure on the Swiss National Bank (SNB).
Most Read: Stock Market Today: Earnings Drive Disney Up, Cisco Down; S&P 500, Nasdaq Await Fed Signals
USD/CHF has run into resistance around the 0.8900 handle having broken above th
14-11-2024 13:52 GMT
by Zain Vawda
The Japanese yen is lower for a fourth straight trading day and has declined 2.1% during that time. In the North American session, USD/JPY is trading at 155.85 up 0.25% on the day.
Japan GDP expected to decelerate in Q3
The markets are braced for a sharp slowdown in third-quarter GDP, which will be released early Friday.
14-11-2024 12:01 GMT
by Kenneth Fisher
The Australian dollar is lower for a fifth straight trading day. In the European session, AUD/USD is trading at 0.6467, down 0.27% on the day.
14-11-2024 08:18 GMT
by Kenneth Fisher
The British pound continues to lose ground and is down for a fourth straight trading day. In the North American session, GBP/USD is trading at 1.2709, down 0.18% on the day.
13-11-2024 12:55 GMT
by Kenneth Fisher
USD/CAD surges as oil prices decline and US Dollar rises.
Market anticipates less rate cuts in 2025 due to Trump's return, impacting interest rate differentials.
Potential US tariffs add headwinds for the Canadian Dollar.
Most Read: Brent Oil Prices Steady Despite OPEC Demand Forecast Cut. Where to Next?
USD/CAD has been on a tear since the back end of September, rising some 550 pips over the past 6 weeks.
13-11-2024 09:22 GMT
by Zain Vawda
The euro is lower for a fourth straight trading day and has deUS clined 0.10% on the day, trading at 1.0612 at the time of writing. Earlier today, the euro dropped below the 1.06 line for the first time since November 2023.
US CPI expected to rise to 2.6%
The US releases the October inflation report later today.
13-11-2024 07:28 GMT
by Kenneth Fisher
The Australian dollar is steady on Wednesday. In the European session, AUD/USD is trading at 0.6525, down 0.12% on the day.
Australia’s wage inflation within expectations
Wage inflation in Australia eased to 3.5% y/y in the third quarter, down from 4.1% in Q2 and just shy of the market estimate of 3.6%.
13-11-2024 05:39 GMT
by Kenneth Fisher
OPEC cuts oil demand growth forecasts for 2024 and 2025, citing concerns about the Chinese economy.
China's stimulus measures have failed to impress, and the country's economic outlook remains a concern.
Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35.
Most Read: Gold (XAU/USD) Prices Slide as US Dollar (DXY) Rally Continues
Oil prices are holding firm today following a 5% decline over the previous two trading days. A stronger U
12-11-2024 10:38 GMT
by Zain Vawda
The Japanese yen is in negative territory on Tuesday. In the North American session, USD/JPY is trading at 154.44 up 0.46% on the day.
No clarity from BoJ summary of opinions
The Bank of Japan summary of opinions indicated a lack of clear direction regarding the timing of a rate hike.
12-11-2024 09:22 GMT
by Kenneth Fisher
The euro can’t seem to find its footing. EUR/USD is down for a third straight trading day and has declined 0.38% on Tuesday, trading at 1.0608 at the time of writing.
12-11-2024 08:40 GMT
by Kenneth Fisher
The Australian dollar has posted sharp losses on Tuesday. In the European session, AUD/USD is trading at 0.6544, down 0.44% on the day.
Australian consumer, business sentiment accelerates
Australian businesses and consumers are showing improved confidence.
12-11-2024 07:04 GMT
by Kenneth Fisher
The British pound is down for a third straight trading day on Tuesday. In the European session, GBP/USD is trading at 1.2822, down 0.36% on the day.
12-11-2024 05:03 GMT
by Kenneth Fisher
The British pound is lower on Monday. In the North American session, GBP/USD is trading at 1.2870, down 0.33% on the day.
11-11-2024 11:59 GMT
by Kenneth Fisher
Gold prices retreat as US Dollar strengthens as hopes of aggressive rate cuts fade.
China's economic slowdown concerns and potential sanctions impact iron ore and gold prices.
Technical analysis indicates gold's vulnerability to further downside, with key levels identified.
Most Read: Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus
Gold prices have started the week on the back foot as the US Dollar continues to advance.
11-11-2024 07:37 GMT
by Zain Vawda
The New Zealand dollar is showing limited movement on Monday. In the European session, NZD/USD is trading at 0.5967, up 0.07% on the day.
11-11-2024 05:55 GMT
by Kenneth Fisher