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
All news & analysis
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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