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OPEC+ Meeting in Focus: Will Oil Production Cuts Continue Through March 2025?

Oil prices are currently stable, but OPEC+ is likely to extend oil output cuts into Q1 2025 due to weaker global demand. China's oil demand may have peaked due to a decline in transport fuel demand and the rise of electric vehicles. Upcoming API and EIA oil inventory data releases will provide insights into U.S. crude supply levels and influence oil prices. Most Read: DXY’s (US Dollar Index) Rise Amidst Trump’s BRICS Warning and French Uncertainty Oil prices are holding steady near the $72.35 s

03-12-2024 08:02 GMT by Zain Vawda

Swiss CPI declines in November

The Swiss franc has edged upwards on Tuesday. In the European session, USD/CHF is trading at 0.8846, down 0.21% on the day. Is Switzerland facing deflation?

03-12-2024 07:20 GMT by Kenneth Fisher

EUR/CHF: French’s political fiasco may trigger a major bearish breakdown

A no-confidence vote to remove French PM Barnier pushed out by the far-right National Rally party may topple the French government this week. A current political fiasco in France has triggered an increase in the credit risk premium on longer-term French sovereign bonds. A further uptick in French sovereign bonds’ credit risk premium may lead to a major bearish breakdown on the more risk-sensitive EUR/CHF cross pair. This is a follow-up analysis of our prior report, “EUR/CHF: Another potential d

03-12-2024 03:03 GMT by Kelvin Wong

Euro slides on soft Eurozone Mfg. PMIs

The euro has started the trading week with sharp losses. In the European session, EUR/USD is trading at 1.0466, down 1%. Eurozone manufacturing depression deepens The eurozone manufacturing sector continues to decline and is slowing down the eurozone recovery.

02-12-2024 11:05 GMT by Kenneth Fisher

DXY's (US Dollar Index) Rise Amidst Trump's BRICS Warning and French Uncertainty

The US Dollar rose this morning as President Elect Trump took aim at BRICS over de-dollarization efforts. The Euro weakens further due to concerns over a potential French government collapse. The Dollar Index shows potential for both upside and downside moves, with key resistance at 107.00 and support at 105.00.

02-12-2024 10:41 GMT by Zain Vawda

BOJ’s Ueda hints at rate hike, yen dips

The Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 150.03, up 0.26% on the day. Ueda says rate hike is “nearing” Bank of Japan Governor Ueda has been hinting about a rate hike and gave what was perhaps his strongest hint on Friday.

02-12-2024 08:12 GMT by Kenneth Fisher

Australian retail sales jump but Aussie dips

The Australian dollar is in negative territory on Monday. In the European session, AUD/USD is trading at 0.6491, down 0.26% on the day. Australia’s retail sales rise to 0.6% Australian events started the week on a strong note, as retail sales were higher than expected.

02-12-2024 06:14 GMT by Kenneth Fisher

Russell 2000: On sight for a potential fresh all-time high

Russell 2000 outperformance against S&P 500 and Nasdaq continued to persist since Q3 2024. The recent monthly Russell 2000 stellar performance of 10.8% in November has been reinforced by the incoming Trump administration’s “America First” policy. Watch the 2,288 key medium-term support on the Russell 2000. This is a follow-up analysis of our prior report, “Russell 2000: Soft to no-landing is supporting another bullish upleg” dated 7 October 2024. Click here for a recap. Since our last publicat

02-12-2024 05:11 GMT by Kelvin Wong

Markets Weekly Outlook - US Dollar's Fate Hinges on NFP as Fed Rate Cut Looms

US equities finished strong, driven by tech and retail stocks, with the S&P 500 reaching record highs. The US dollar weakened due to increased expectations of a December rate cut by the Federal Reserve. The upcoming week's focus is on US jobs data, which could impact the Fed's decision and the US dollar's performance.

29-11-2024 13:35 GMT by Zain Vawda

Euro shrugs after eurozone inflation rises

The euro is showing little movement on Friday. In the European session, EUR/USD is trading at 1.0564, up 0.09%.

29-11-2024 07:03 GMT by Kenneth Fisher

Canadian dollar calm ahead of GDP

The Canadian dollar has been quiet over the past two trading days but that could change today with the release of Canada’s GDP report. In the European session, USD/CAD is trading at 1.4005, down 0.27%.

29-11-2024 06:06 GMT by Kenneth Fisher

USD/JPY Technical: Potential start of a medium-term corrective decline

Yen strength continued to persist reinforced by an uptick seen in the leading Tokyo’s core-core inflation rate as it rose to 1.9% y/y in November. Japan’s overnight swap rates have indicated an increase in odds that BoJ may hike its short-term policy interest rate again in the upcoming 18-19 December meeting. Watch the 149.30 intermediate support (potential downside trigger) on the USD/JPY. Earlier this week, we published two reports that highlighted the potential looming yen strength against o

29-11-2024 04:45 GMT by Kelvin Wong

Yen soars as Japan’s core inflation jumps

The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day.

29-11-2024 03:39 GMT by Kenneth Fisher

Swiss central bank eyes GDP

The Swiss franc has posted slight gains on Thursday. In the North American session, USD/CHF is currently trading at 0.8829, up 0.12% on the day.

28-11-2024 12:39 GMT by Kenneth Fisher

Euro steady as German CPI rises to 2.2%

The euro has lost ground on Thursday. In the North American session, EUR/USD is down 0.11%, trading at 1.0554 at the time of writing.

28-11-2024 10:46 GMT by Kenneth Fisher

Yen rally fizzles, Tokyo Core CPI expected to rise

The Japanese yen is lower on Thursday, after climbing 2.4% over the past two trading sessions. In the European session, USD/JPY is trading at 151.83, up 0.57% on the day.

28-11-2024 05:09 GMT by Kenneth Fisher

British pound jumps, US PCE inflation meets expectations

The British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at .1.2669, up 0.81% on the day. There are no UK releases today, but in the US it’s a busy data calendar.

27-11-2024 11:42 GMT by Kenneth Fisher

USD/JPY Price Outlook - Yen Extends Gains as Key Confluence Level Approaches

The Yen strengthens against the US Dollar amid growing expectations of a December rate hike by the Bank of Japan (BoJ). Market sentiment is shifting towards a BoJ policy normalization, with a 61% probability priced in for a 25 bps hike. US economic data has added to USD weakness today aiding Yen gains. USD/JPY approaches a key confluence support area between 150.80 and 150.00. Most Read: Trading GBP/USD: Key Levels to Watch Ahead of US Data USD/JPY has continued its decline today as US Dollar w

27-11-2024 10:07 GMT by Zain Vawda

Australian dollar steady after Australia’s CPI dips

The Australian dollar is showing little movement after Australia released the October inflation report. In the European session, AUD/USD is trading at 0.6478, up 0.06% on the day. Australia’s inflation rate lower than expected at 2.1% The Australian consumer price index rose 2.1% y/y in October, unchanged from September.

27-11-2024 08:19 GMT by Kenneth Fisher

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CAD/JPY Technical: Another falling domino yen cross rattled by Trump’s tariffs threat

A higher beta CAD/JPY cross pair can be considered as a macro theme play in line with a potential risk-averse environment triggered by Trump’s trade tariffs. Technical analysis suggests a potential new medium-term downtrend phase for CAD/JPY. Watch the 111.45 key medium-term resistance on the CAD/JPY.

27-11-2024 04:46 GMT by Kelvin Wong

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