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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.

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AUD/USD steady after US inflation drops to 2.5%
The Australian dollar dipped lower earlier but has recovered. In the North American session, AUD/USD is trading at 0.6655, up 0.04%. Smaller Fed cut more likely after drop in CPI The eagerly-anticipated US inflation report came in as expected and didn’t have much impact on the movement of the US dollar.
11-09-2024 12:45 GMT by Kenneth Fisher
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Gold Technical: Poised for a potential bullish breakout as US CPI looms
In the past four weeks, Gold (XAU/USD) has traded in a tight range environment below US$2,532 key intermediate range resistance. Positive momentum reading and a major bearish breakdown seen in the 10-year US Treasury real yield may trigger a bullish breakout in Gold (XAU/USD). Watch the key medium-term support at US$2,435 for Gold (XAU/USD).
11-09-2024 07:41 GMT by Kelvin Wong
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Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout?
Gold prices are inching higher as the market awaits the US CPI release. Market reaction to the CPI data will depend on whether rate cut expectations are already priced in. From a technical analysis perspective, the gold chart may be forming a double top pattern ahead of the CPI release. Most Read: Brent Crude – Oil Slides Below $70 a Barrel, First Time Since December 2021 Gold prices inched higher in Asian trade as market participants brace for the US CPI release.
11-09-2024 06:17 GMT by Zain Vawda
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Japanese yen gains ground, US inflation looms
The Japanese yen is in positive territory on Tuesday. In the North American session, USD/JPY is trading at 142.63 at the time of writing, down 0.37% on the day. Will BoJ stay on the sidelines until 2025? Bank of Japan meetings used to be sleeper events but that has changed now that the central bank has exited its negative rate policy and is likely to continue tightening.
10-09-2024 11:29 GMT by Kenneth Fisher
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GBP/USD steady as UK wage growth eases, GDP next
The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3055, down 0.14% on the day. UK wage growth drops to 2-year low UK wage growth eased in the three months to July, an encouraging sign for the Bank of England as it looks to continue lowering rates. Average earnings excluding bonuses climbed 5.1% y/y, down from 5.4% in the previous period and in line with the market estimate.
10-09-2024 10:43 GMT by Kenneth Fisher
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AUD/USD shrugs after weak confidence data
The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6671 in the European session, up 0.17% today at the time of writing. With the Australian economy sputtering, it should come as no surprise that today’s confidence indicators pointed downward.
10-09-2024 07:37 GMT by Kenneth Fisher
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GBP/USD Rises on Robust Labor Data - Challenges Ahead for the BoE
UK labor data beats expectations, with regular pay rising by 5.1% and employment increasing by 265k. BoE faces challenges in balancing strong employment figures with moderating wage growth and rate cut hopes. US CPI and PPI, and BoE Deputy Governor Sarah Breeden's comments, could impact GBP/USD's trajectory. Most Read: Is EUR/USD Vulnerable Ahead of ECB Meeting…? DXY to Play a Major Role The GBP benefitted following a positive UK labor data release this morning.
10-09-2024 05:45 GMT by Zain Vawda
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Is EUR/USD Vulnerable Ahead of ECB Meeting…? DXY to Play a Major Role
The US Dollar Index (DXY) has rebounded since Friday's jobs data release, driven by altered rate cut expectations. EUR/USD is particularly affected by the DXY recovery, with the Euro's recent strength potentially waning due to poor German data and shifting rate cut expectations. The DXY's technical analysis suggests further upside potential, with immediate resistance at 102.16 and 102.60.
09-09-2024 11:56 GMT by Zain Vawda
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S&P 500, Nasdaq 100 - ‘Soft Landing’ Optimism Leads to Early Week Gains
Major Wall Street indices started the week with gains, fueled by optimism for a "soft landing". Concerns remain about the divergence between full and part-time workers, a potential recession indicator. Technical analysis suggests potential for further upside in the S&P 500 and Nasdaq 100, but historical trends and upcoming events warrant caution.
09-09-2024 10:56 GMT by Zain Vawda
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EUR/CHF: Another potential downleg may intensify after weak China inflation
EUR/CHF has continued to exhibit a high direct correlation with France CAC and Germany DAX. China’s core inflation and producer prices for August have indicated a persistent trend of lackluster internal demand. Sluggish China’s consumer demand may hurt the profits of key European makers of luxury goods, cars, and machinery. Watch the key intermediate support of 0.9255 on the EUR/CHF. This is a follow-up analysis of our prior report, “EUR/CHF: Medium-term global risk-off kickstarts (Part 2)” pu
09-09-2024 07:12 GMT by Kelvin Wong
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Markets Weekly Outlook - ECB Rates, China and US Presidential Debate in Focus
US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Read More: Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue Week in Review: Jobs Data Fails to Provide Clarity as Underlying Data Flashes Warning Signs
06-09-2024 13:14 GMT by Zain Vawda
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EUR/USD dips after US payrolls misses estimate
The euro has edged lower on Friday. EUR/USD is trading at 1.1088 in the North American session at the time of writing, down 0.20%. US nonfarm payrolls improves but misses estimate Today’s US nonfarm payrolls wasn’t a disaster but certainly nothing to smile about.
06-09-2024 10:36 GMT by Kenneth Fisher
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BoC cuts rates, Nvidia plunges, nonfarm payrolls loom
OANDA Market Analyst Kenny Fisher joins Jonny Hart to discuss this week’s key economic data and events as well as the impact on global markets. Pivotal week peppered with major events; Bank of Canada cuts rates for third straight time; US nonfarm payrolls could determine extent of Federal Reserve rate cut later this month; and Nvidia plunges by almost 10%
05-09-2024 14:12 GMT by Kenneth Fisher
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Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue
Bitcoin's price faces downward pressure amid global recession fears and ETF outflows. Short-term Bitcoin holders are feeling the pain, while long-term investors remain profitable. A deeper pullback is possible, with Bitcoin currently 22% below its all-time high. Most Read: US Dollar Index (DXY) Slips as JOLTS Dips Below 8 Million, Yen Strengthens Bitcoin prices have struggled to gain momentum of late with the fear and greed index remaining in fear territory.
05-09-2024 12:54 GMT by Zain Vawda
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