The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day.
19-11-2024 12:48 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 Canadian dollar is higher on Tuesday. In the North American session, USD/CAD is trading at 1.3975 at the time of writing, down 0.29% on the day.
Canadian inflation hits 2%, higher than expected
Canada’s inflation rate rose to 2% y/y in October, higher than the 1.6% gain in September, which was a three-year low.
19-11-2024 11:03 GMT
by Kenneth Fisher
The Australian dollar is showing limited movement on Tuesday. In the European session, AUD/USD is trading at 0.6501, down 0.14% on the day.
19-11-2024 07:50 GMT
by Kenneth Fisher
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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