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Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement?

The bullish rally in gold is fueled by concerns over the Russia-Ukraine conflict stirring safe haven demand. Market sentiment is torn between the prospect of fewer Fed rate cuts in 2025 and rising geopolitical risks Goldman Sachs analysts predict gold will set new records by the end of 2025, further bolstering bullish sentiment.

19-11-2024 05:16 GMT by Zain Vawda

Japanese yen declines on BoJ’s Ueda cautious remarks

The Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 155.08, up 0.51% on the day. Ueda says 'maybe' to rate hike Bank of Japan Governor Ueda sent mixed signals about a rate hike in December, leaving investors unclear and sending the yen lower against the US dollar.

18-11-2024 11:58 GMT by Kenneth Fisher

Will the Fed-ECB Policy Gap Sink the Euro? EUR/USD Analysis

EUR/USD faces pressure due to a strong US Dollar and concerns about the ECB's policy direction. The US election and potential trade war concerns are weighing on the Euro. The interest rate differential between the Fed and ECB is a key factor to watch. Most Read: Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum The US Dollar bulls continue to hold firm at the start of the week following signs that some weakness may materialize.

18-11-2024 08:08 GMT by Zain Vawda

New Zealand dollar slips to one-year low on weak Services PSI

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

Markets Weekly Outlook - PMI Data, UK Inflation and the Soft Landing Conundrum

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

Aussie stabilizes, China retail sales rise

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

UK economy contracts in September, pound shrugs

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

Japan GDP beats forecast, yen ends skid

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

Trading USD/CHF: What to Expect After the US Dollar's Multi-Month Highs

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

USD/JPY hit 15-week high, Japan GDP next

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

Stock Market Today: Earnings Drive Disney Up, Cisco Down; S&P 500, Nasdaq Await Fed Signals

Wall Street experiences choppy trading as investors await Fed Chair Powell's speech. Nasdaq 100 and S&P 500 react to mixed earnings reports, with Disney surging and Cisco declining. US PPI data shows a slight uptick, raising concerns about potential inflationary pressures.

14-11-2024 08:59 GMT by Zain Vawda

Australian dollar falls after jobs report

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

Gold Technical: Medium-term uptrend damaged, spooked by rapid rise in 10-year US Treasury yield

Trump Trade of a stronger US dollar and rapidly rising longer-term US Treasury yields have triggered a negative feedback loop into Gold (XAU/USD) The longer-term positive aspect of Gold as a hedge and safe haven asset play to counter a potential wider US federal budget deficit will now take a backseat. Watch the US$2,484/US$415 support on Gold (XAU/USD)

14-11-2024 06:53 GMT by Kelvin Wong

GBP/USD extends losses as US inflation rises

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 Outlook: 1.4000 Remains Elusive as US CPI Fails to Inspire Breakout

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

Euro under pressure, US inflation next

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

Australian dollar eyes employment data

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

Brent Oil Prices Steady Despite OPEC Demand Forecast Cut. Where to Next?

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

Bank of Japan undecided on rate hike, yen lower

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

EUR/USD slips to 7-month low on weak eurozone confidence data

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

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