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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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Canadian dollar muted as BoC holds rates
Bank of Canada holds rates for third consecutive time US releases nonfarm employment on Friday The Canadian dollar is almost unchanged on Thursday. In the European session, USD/CAD is trading at 1.3596, up 0.03%. BoC pauses as expected There were no surprises from the Bank of Canada, which maintained the cash rate at 5.0% on Wednesday.
07-12-2023 07:47 GMT by Kenneth Fisher
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What's Next for Gold Price - XAU/USD Technical Analysis
Talking Points: Why did gold prices decline sharply? Daily Chart Analysis 4-Hour Chart Analysis What's next for Gold Prices? Why did gold prices decline sharply? Gold Price fell significantly last week after reaching an all-time high of $2150/Oz, the price fell to $2020/Oz within a day which left many traders stunned and unable to comprehend what has happened, and the more difficult question remains unanswered, what's next for Gold Prices? Over the past few weeks/months, inflation has been
07-12-2023 06:47 GMT by Moheb Hanna
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Nasdaq 100 Technical: Impending corrective decline within major uptrend
Medium-term breadth condition (% of Nasdaq 100 stocks above 50-day MA) has reached an overbought condition that led to significant corrective declines in past occasions on 16 August 2022, 1 December 2022, and 19 July 2023. Broke below the 20-day moving average. Watch the 15,690 near-term support as a potential downside trigger. This is a follow-up analysis of our prior report, “Nasdaq 100 Technical: Relentless bullish move” published on 21 November 2023. Click here for a recap. The price actio
07-12-2023 04:29 GMT by Kelvin Wong
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Hang Seng Index Technical: Entrenched in a downward spiral
China’s negative import growth in November suggests a sticky weak domestic demand environment. China and Hong Kong stock markets have failed to reignite bullish animal spirits despite the weakening trend seen in the US 10-year Treasury yield in the past month. Hang Seng Index now faces a potential major bearish breakdown that may retest the 12,200 October 2008 GFC swing low area in Q1 2024. This is a follow-up analysis of our prior report, “Deflationary spiral is still a recurring risk in China
07-12-2023 00:53 GMT by Kelvin Wong
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British pound shrugs as Construction PMI misses estimate
UK Construction PMI remains in decline BoE's Bailey warns of 'higher for longer' rate policy The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2582 in the North American session, down 0.10%. UK Construction PMI barely moves The UK Construction PMI ticked lower to 45.5 in November, compared to 45.6 in October and shy of the consensus estimate of 46.3.
06-12-2023 12:24 GMT by Kenneth Fisher
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USD/CAD - BoC Holds, positive US economic figures ahead of Friday's jobs report
First BoC rate cut priced in for as early as March US ADP employment increases 103k in November (131k expected, 106k previously) USDCAD bounces off key moving average BoC remains committed to hiking if necessary, markets price in March cut The Bank of Canada continued to insist it remains prepared to raise rates again if needed despite acknowledging that inflationary pressures have eased and higher rates are weighing on the economy and demand. Markets continue to focus on the latter, pricing in
06-12-2023 12:16 GMT by Craig Erlam
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USD/CAD eyes Bank of Canada rate decision
Bank of Canada expected to hold rates at 5.0% The Canadian dollar is steady ahead of today's Bank of Canada rate decision. Early in the North American session, USD/CAD is trading at 1.3526, down 0.22%. BoC expected to pause The Bank of Canada has held the cash rate at 5.0% for two straight times and another pause is widely expected at today's meeting.
06-12-2023 08:52 GMT by Kenneth Fisher
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Germany 30 Technical: New intraday record high, short-term bullish trend intact
Cleared above 16,300 major range resistance in place since November 2021. Watch the 16,440 key short-term support. This is a follow-up analysis of our prior report, “Germany 30 Technical: Bullish momentum remains intact” published on 24 November 2023. Click here for a recap. The price actions of the Germany 30 Index (a proxy for the DAX futures) have continued to surge upward since our last analysis and cleared above the 16,200 short-term resistance as highlighted in our prior report. Yesterd
06-12-2023 04:37 GMT by Kelvin Wong
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Australian dollar rebounds despite soft GDP
Australian GDP falls to 0.2% AUD/USD rebounds after two-day losing streak The Australian dollar has bounced back on Wednesday and snapped a two-day losing streak. In the European session, AUD/USD is trading at 0.6574, up 0.34%. Australian GDP eases to 0.2% Australia's GDP rose 0.2% q/q in the third quarter, below the consensus estimate of 0.4% and the second quarter print of 0.4%.
06-12-2023 04:34 GMT by Kenneth Fisher
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USD/JPY: Bearish momentum remains intact despite softer Tokyo CPI
Tokyo’s CPI for November slowed down further due to a recent drop in oil prices. Tokyo’s services prices accelerated to 3% y/y in November, its fastest pace since 1994. Japan’s latest consumer sentiment data for November also improved to its highest level since August 2023. A boost in consumer sentiment coupled with services inflation on the uptick indicates signs of a potential demand-driven increase in prices has emerged in Japan.
06-12-2023 01:30 GMT by Kelvin Wong
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Nasdaq - How sustainable is the stock market rally? PMIs a positive surprise
Are interest rate expectations too optimistic? PMI revisions positive but the outlook is broadly unchanged NAS100 nears all-time highs Equity markets in Europe and the US continued to edge higher on Tuesday despite many now questioning whether investors are getting too carried away. The rally appears to be based on the view that central banks from the Fed to the ECB and BoC will start cutting interest rates in March and then do so another three times over the rest of 2024. That's quite the diff
05-12-2023 15:01 GMT by Craig Erlam
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Japanese yen steady, Tokyo CPI falls
Tokyo Core CPI eases to 2.3% US to release ISM Services PMI later today The Japanese yen has edged lower on Tuesday. In the European session, USD/JPY is trading at 147.08, down 0.10%. Tokyo Core CPI softer than expected Tokyo Core CPI, a leading indicator for nationwide inflation, climbed 2.3% y/y in November.
05-12-2023 04:36 GMT by Kenneth Fisher
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AUD/USD: Challenging key 200-day moving average post RBA
RBA left its policy cash rate unchanged at 4.35% in line with expectations. A slight dovish tonality in the monetary policy statement has reduced the expectations of a “hawkish pause”. Technical analysis suggests that the medium-term uptrend phase of the AUD/USD from its 26 October 2023 low remains intact. Watch the 0.6570 pivotal support. This is a follow-up analysis of our prior report, “AUD/USD: Bullish breakout ahead of monthly AU CPI data” published on 28 November 2023.
04-12-2023 23:53 GMT by Kelvin Wong
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US jobs data eyed ahead of next week's Fed rate decision
US jobs report the next major event Powell hints at less hawkish Fed view JOLTS, ISM and jobless claims eyed The next couple of weeks could be massive for financial markets going into 2024, with a range of data from the US in the coming days setting us up nicely for the Fed meeting on the 13th. The standout event is the jobs report on Friday, with the Fed still seemingly of the view that getting inflation back sustainably to target will require some more slack in the labor market.
04-12-2023 19:07 GMT by Craig Erlam
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