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Stay up-to-date with the latest market developments. Discover breaking news, in-depth analysis, expert commentary, and market insights that affects all asset classes, from forex and commodities to stocks and indices. MarketPulse news will help you stay ahead so you can make informed trading decisions.

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AUD/USD: Surviving at the 0.6360 key support (for now) but the long-term trend remains bearish
RBA has shifted to a less hawkish monetary policy stance. The interest rate swaps market has started to price in a higher chance of the first RBA interest rate cut to come in February 2025. The 2-year and 10-year yield spreads between Australian government sovereign bonds and US Treasuries continued to narrow. Growing risk for AUD/USD to stage a major bearish breakdown below 0.6360. This is a follow-up analysis of our prior report “AUD/USD: “Trump Trade” overshadowed a cautiously hawkish RBA, a
13-12-2024 03:51 GMT by Kelvin Wong
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EUR/USD, GBP/USD Technical Outlook: Price Action Setups to Watch
The ECB implemented a 25bps rate cut, with some policymakers favoring a larger 50bps cut, and signaled potential for further cuts in the upcoming meetings. The BoE is expected to hold rates at its next meeting, and market participants are watching for indications of fewer rate cuts in 2025. EUR/USD is struggling to maintain levels above 1.0500, and GBP/USD faces potential downside below 1.2654. Most Read: Brent Crude – Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024 EUR/USD and Cable
12-12-2024 15:55 GMT by Zain Vawda
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Swiss National Bank cuts by half-point, Swissy dips
The Swiss franc is down on Thursday following the Swiss National Bank rate announcement. In the North American session, USD/CHF is trading at 0.8880, up 0.43% 80on the day at the time of writing. Swiss National Bank chops by 50 basis points Today's Swiss National Bank meeting was live, with the market uncertain as whether the SNB would cut rates by 25 or 50 basis points.
12-12-2024 10:23 GMT by Kenneth Fisher
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Brent Crude - Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024
Oil prices rose despite OPEC downgrading its 2024 and 2025 global oil demand growth forecasts. The downgrade is attributed to China's slower demand and the rise of electric vehicles. The EU and US are considering further sanctions on Russia's oil trade, underpinning prices. Most Read: USD/CHF edges up ahead of SNB rate decision Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing.
11-12-2024 12:27 GMT by Zain Vawda
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USD/CHF edges up ahead of SNB rate decision
The Swiss franc is slightly lower on Wednesday. In the European session, USD/CHF is trading at 0.8845, up 0.19% on the day. Swiss National Bank cut looms, but how much? 'Tis the season of central bank decisions, with four major central banks making rate announcements this week.
11-12-2024 11:49 GMT by Kenneth Fisher
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USD/CAD steady ahead of BoC rate decision
The Canadian dollar is drifting on Wednesday, ahead of the Bank of Canada rate decision later today.  In the European session, USD/CAD is trading at 1.4181, up 0.10% at the time of writing. BoC expected to slash rates by 50 basis points The Bank of Canada is widely expected to end the year on a bang with a dramatic 50-bp cut at today's rate meeting. The markets have priced in a 50-bp cut at 90%, so it would be a massive surprise if the BoC opts for a modest cut of 25 basis points.
11-12-2024 07:27 GMT by Kenneth Fisher
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US Inflation and the Dollar Index (DXY) : A Pre-CPI Analysis
The upcoming US CPI data release on December 11th is a key event for markets, as it could influence the Fed's decision on interest rates at its December 18th meeting. While a rate cut is widely expected, a higher-than-forecast CPI print could raise questions about the Fed's path forward. The US Dollar has strengthened recently, partly due to positive economic data and a risk-off sentiment in markets. Can the Dollar continue its rise? Most Read: Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms,
11-12-2024 03:54 GMT by Zain Vawda
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German inflation rises, euro edges higher
The euro is slightly higher on Tuesday. In the European session, EUR/USD is trading at 1.0528, down 0.23% at the time of writing. German inflation climbs to 2.2% Germany, the largest economy in the eurozone, remains a shadow of what was once the undisputed locomotive of Europe.
10-12-2024 08:15 GMT by Kenneth Fisher
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AUD/USD rises after RBA holds rates
The Australian dollar continues to show strong movement and is down sharply on Tuesday. In the European session, AUD/USD is trading at 0.6400, down 0.61% at the time of writing. RBA maintains cash rate There was no surprise as the Reserve Bank of Australia stayed on the sidelines and maintained the cash rate at 4.35%.
10-12-2024 05:44 GMT by Kenneth Fisher
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Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms, Geopolitics in Focus
Gold prices are being supported by a shift in Chinese monetary policy, and geopolitical developments. China has resumed gold purchases after a six-month pause. From a technical perspective, gold is currently caught between support at $2650 and resistance at $2700. A break above $2700 could signal further upside potential.
10-12-2024 05:39 GMT by Zain Vawda
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Japanese GDP revised upwards, US NFPs jump
The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 150.42, up 0.26% on the day. Japan's GDP revised upwards in Q3 Japan's economy expanded in the third quarter by 0.3% q/q, according to the final estimate.
09-12-2024 06:25 GMT by Kenneth Fisher
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Markets Weekly Outlook - Central Bank Focus as US Inflation Looms
US Jobs report all but confirms a December rate cut, with markets pricing in an 80% probability. Nasdaq nears 22,000 as US equities continue their strong performance, with the S&P 500 also hitting record highs. Global markets await US CPI and ECB decisions, with expectations of a 25 bps rate cut from the ECB. Focus for the week ahead includes US CPI, ECB decision, and Chinese inflation data. Read More: EUR/USD: Additional accommodative monetary policy guidance from the ECB may be forthcoming We
06-12-2024 15:00 GMT by Zain Vawda
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USD/CAD steady ahead of Can. job growth, US NFP
The Canadian dollar is showing small gains on Friday.  In the European session, USD/CAD is trading at 1.4041, up 0.12% at the time of writing. Canada's job growth expected to climb Canada releases job growth for November later today. The market estimate stands at 25 thousand, compared to 14.5 thousand in October. The modest growth in job creation has not kept pace with the labor force, which has rapidly expanded as a result of high immigration to Canada.
06-12-2024 07:11 GMT by Kenneth Fisher
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Euro rally ends, Eurozone GDP expected to accelerate
The euro is steady on Friday after jumping 0.7%  a day earlier. In the European session, EUR/USD is trading at 1.0581, down 0.06% at the time of writing. The eurozone wraps up the week with the GDP and job growth reports and the market is expecting an improvement.  Third-quarter GDP is expected to improve to 0.4% q/q from o.2% in the second quarter.
06-12-2024 05:51 GMT by Kenneth Fisher
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EUR/USD: Additional accommodative monetary policy guidance from the ECB may be forthcoming
Pronounced weakness in manufacturing activities in Germany may spread to the broader Eurozone. ECB may be forced to remove its “restrictive monetary policy” forward guidance next Thursday and evolve into a “recession fighting” move. The medium-term downtrend of EUR/USD remains intact but a mean reversion corrective rebound may occur first below 1.0770 key medium-term resistance.
06-12-2024 04:17 GMT by Kelvin Wong
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US Jobs Report Preview: Implications for DXY and Gold (XAU/USD)
US jobs report (NFP) is highly anticipated, with market expectations for a 200k payroll figure. The unemployment rate is also a key focus, with a potential slight uptick to 4.2%. A print in line with expectations could lead to short-lived US Dollar reactions. Gold prices are currently range-bound between $2600-$2660, with the 2655-2660 zone being a key resistance area. Goldman analyst forecasts and impacts of the NFP report.
06-12-2024 01:05 GMT by Zain Vawda
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British pound rises as UK Construction PMI jumps
The British pound has extended its gains for a third straight trading day. In the North American session, GBP/USD is trading at 1.2757, up 0.45% on the day. British UK Construction PMI accelerates in November The UK Construction sector rose to 55.2 in November, up from 54.3 in October and above the market estimate of 53.4.
05-12-2024 12:20 GMT by Kenneth Fisher
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