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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

Aussie extends losses, wage inflation next

The Australian dollar has posted sharp losses on Tuesday. In the European session, AUD/USD is trading at 0.6544, down 0.44% on the day. Australian consumer, business sentiment accelerates Australian businesses and consumers are showing improved confidence.

12-11-2024 07:04 GMT by Kenneth Fisher

GBP/USD slips to 3-month low as unemployment rate jumps

The British pound is down for a third straight trading day on Tuesday. In the European session, GBP/USD is trading at 1.2822, down 0.36% on the day.

12-11-2024 05:03 GMT by Kenneth Fisher

Hang Seng Index: Medium-term bullish trend in jeopardy after China stimulus disappoints

Lack of concrete fiscal stimulus measures ex-post China NPC Standing Committee meeting. Deflationary and liquidity trap risks are now back in the forefront that may trigger a medium-term negative feedback loop into the Hong Kong & China stocks. Watch the 19,700 key support on the Hang Seng Index. Since hitting a 52-week high of 23,242 on 7 October, the Hang Seng Index has failed to revive its prior bullish momentum that took shape in September on the backdrop of anticipated “more forceful” fisc

12-11-2024 04:59 GMT by Kelvin Wong

GBP/USD falls ahead of UK employment report

The British pound is lower on Monday. In the North American session, GBP/USD is trading at 1.2870, down 0.33% on the day.

11-11-2024 11:59 GMT by Kenneth Fisher

Gold (XAU/USD) Prices Slide as US Dollar (DXY) Rally Continues

Gold prices retreat as US Dollar strengthens as hopes of aggressive rate cuts fade. China's economic slowdown concerns and potential sanctions impact iron ore and gold prices. Technical analysis indicates gold's vulnerability to further downside, with key levels identified. Most Read: Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus Gold prices have started the week on the back foot as the US Dollar continues to advance.

11-11-2024 07:37 GMT by Zain Vawda

New Zealand dollar shrugs as inflation expectations remain near 2%

The New Zealand dollar is showing limited movement on Monday. In the European session, NZD/USD is trading at 0.5967, up 0.07% on the day.

11-11-2024 05:55 GMT by Kenneth Fisher

Markets Weekly Outlook - Attention Shifts Back to Data, US CPI in Focus

Trump's clean sweep saw a significant rise in the US Dollar and Yields. Can it continue? Data in focus next week, US CPI data is due with potential implications for Federal Reserve policy and interest rate decisions. US Dollar Index (DXY) breaks above key level of 105.00.

08-11-2024 14:31 GMT by Zain Vawda

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