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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

NZD/USD slides after Fed rate cut, NZ GDP next

The New Zealand dollar has ended a five-day losing streak on Wednesday. In the European session, NZD/USD is trading at 0.5887, up 0.9% on the day. RBNZ chops rates by 50 basis points The Reserve Bank of New Zealand lowered its cash rate by 50 basis points today in a widely-expected decision.

27-11-2024 04:25 GMT by Kenneth Fisher

Trading GBP/USD: Key Levels to Watch Ahead of US Data

GBP/USD is stuck in a tight range, reflecting market indecision. Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the range. The US Dollar Index's performance will heavily influence GBP/USD's movements. Most Read: S&P 500 Eyes Fresh All-Time Highs Despite Trump Tariff Threats. 6500 by Year End? Cable has continued to consolidate in a 100 pip range this week with yesterday a prime example of the indecision at play.

27-11-2024 03:42 GMT by Zain Vawda

New Zealand dollar eyes RBNZ rate announcement

The New Zealand dollar is in positive territory on Tuesday, after a four-day losing streak. In the European session, NZD/USD is trading at 0.5850, up 0.09% on the day.

26-11-2024 09:00 GMT by Kenneth Fisher

Australian dollar under pressure, CPI next

The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day.

26-11-2024 08:14 GMT by Kenneth Fisher

Yen edges higher after mixed inflation data

The Japanese yen has been relatively quiet for over a week and the trend has continued on Tuesday. In the European session, USD/JPY is trading at 153.79, down 0.25% on the day. BoJ Core CPI dips, services inflation ticks higher Japan release mixed inflation numbers on Tuesday.

26-11-2024 06:18 GMT by Kenneth Fisher

AUD/JPY Technical: Trump trade tariffs tantrum may spark a sell-off yen cross pairs

US President-elect Trump used his Truth Social network to announce his latest tariff threats. Trump vowed to impose 10% additional tariffs on China exports to the US and 25% tariffs on all products from Mexico and Canada. The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements.

26-11-2024 06:11 GMT by Kelvin Wong

Brent Crude - Oil Eyes Recovery as OPEC + Deliberate Oil Cut Rollover

Oil prices rose in early European trade following a drop on Monday. OPEC+ is set to meet on December 1st to discuss a potential oil cut rollover into 2025. Technically, Brent Crude has been in a tight range, with key support and resistance levels identified. Most Read: Gold’s (XAU/USD) Sharp Drop: Ceasefire Optimism and Bessent’s Impact on Markets

26-11-2024 05:22 GMT by Zain Vawda

USD/JPY eyes BoJ Core CPI

The Japanese yen has started the new trading week with slight gains. In the North American session, USD/JPY is trading at 154.33, down 0.24% on the day. BoJ Core CPI expected to rise to 1.8% The Bank of Japan releases the Bank of Japan Core CPI, a preferred inflation indicator of the central bank.

25-11-2024 11:54 GMT by Kenneth Fisher

New Zealand dollar edges lower as retail sales slide

The New Zealand dollar has posted gains on Monday, ending a three-day skid. In the North American session, NZD/USD is trading at 0.5856, up 0.35% on the day.

25-11-2024 10:42 GMT by Kenneth Fisher

Canadian dollar shrugs as retail sales jump

The Canadian dollar has started the week with small gains. In the European session, USD/CAD is trading at 1.3958 at the time of writing, down 0.15% on the day.

25-11-2024 06:44 GMT by Kenneth Fisher

Markets Weekly Outlook - Inflation Data & Geopolitics to Dominate

Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty. Upcoming PCE inflation data will influence Fed policy and market sentiment. Read More: Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement? Week in Review: DXY Continues Advance, as EU and UK Growth Struggles Continue Europe and the UK are the biggest losers t

22-11-2024 12:24 GMT by Zain Vawda

USD/CAD flirting with 140, retail sales next

The Canadian dollar is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day.

22-11-2024 05:43 GMT by Kenneth Fisher

British retail sales decline, pound extends losses

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK retail sales disappointed in October, with a sharp decline of 0.7% m/m.

22-11-2024 04:22 GMT by Kenneth Fisher

British pound falls to 6-month low, retail sales next

The British pound has lost ground on Thursday. In the North American session, GBP/USD is trading at 1.2506, down 0.44% on the day.

21-11-2024 16:03 GMT by Kenneth Fisher

Yen jumps as BoJ’s Ueda hints at rate hike

The Japanese yen has posted strong gains on Thursday. In the European session, USD/JPY is trading at 154.34, down 0.70% on the day. Ueda says rate decision will depend on data Bank of Japan Governor Ueda’s remarks are always closely monitored and often move the financial markets.

21-11-2024 08:18 GMT by Kenneth Fisher

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