Gold Technicals: Spot gold is higher on the day, but selling came in against a... The price of gold is trading higher by roughly $40 today, extending the rebound that began after yesterday’s dip to around $3,886. Earlier in the session, the precious metal reached a high of $4,030 before easing back toward the $4,000 ...
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USDCHF Technicals: The USDCHF is trending to the upside, but can traders trust the move? The USDCHF has spent much of the past week locked in choppy, back-and-forth trading, with sharp intraday swings offering little directional conviction. That pattern changed today as the pair showed more of a trending bias to the upside.During the Asian-Pacific ...
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Bank of Canada Gov Macklem: If the outlook changes materially, we're prepared to respond We are now at the lower end of our range of neutral, so we're providing some stimulusThis isn't just a cyclical downturn, part of it is structuralThe US has swerved to protectionism, it's harder to do business in the US, ...
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Crude oil inventory -6.858M versus -0.211 million estimate Prior week -0.961 millionCrude oil inventory drawdown of -6.858 million versus expectations at -0.211 million. Distillates inventories drawdown of -3.362M versus -1.735M estimateGasoline drawdown of -5.941M vs estimated -1.903MThe price of crude oil has moved higher after the larger than ...
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Canadian budget to allow accelerated expensing The National Post reports that the November 4 Canadian budget -- Carney's first -- will include provisions that "allow companies to write off their new machinery and other capital costs more aggressively."This is similar to what the US unveiled in ...
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The USDCAD has moved below the 200 day MA after rate cut The USDCAD has moved lower (higher CAD) after the cut rates by 25 basis points and said that the "current policy rate at about the right level to keep inflation close to 2% while helping the economy through this period ...
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US September pending home sales 0.0% vs +1.0% expected Prior was 4.0% (revised to 4.2%)The pending home sales index remained unchanged in September despite falling mortgage rates, according to NAR. However the August reading was revised slightly higher. Commentary in the report cited rising angst about the labor market. ...
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The full statement from the Bank of Canada. BOC cuts rates by 25 basis points... FOR IMMEDIATE RELEASEOctober 29, 2025The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.With the effects of US trade actions ...
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Bank of Canada rate decision: Cut by 25 basis points, as expected Ahead of the decision, the market was pricing in a 92% chance of a cut and a 72% chance of a further cut by March. This brings the overnight rate to 2.25% from 2.50%.Highlights:Statement says current policy rate is "about ...
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What's priced in for the Bank of Canada ahead of today's decision The Bank of Canada decision is at 9:45 am ET and the latest commentary from Governor Macklem is that they would be putting more emphasis on risk and trying to be forward looking.How does the OIS market see it:92% chance ...
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AUDUSD Technicals: The AUDUSD continued the move higher today, but backs off a bit The AUDUSD has been trending higher over the past week, supported by renewed optimism over improved U.S.–China relations. Hints that China may resume buying U.S. soybeans have helped lift risk sentiment, though expectations suggest those purchases will be smaller in ...
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Trump will meet Xi at 11 am Thursday local time (10 pm Wed New York... The White House reports that Trump will meet with Xi at 11 am Thursday local time in South Korea.That's 12-and-a-half hours from now so it's 10 pm New York time. Expect a long meeting with headlines leaking out early in ...
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Quotable: Key comments during Trump's trip to Asia Trump is set meet with Chinese President Xi on Thursday in Busan in their first face-to-face meeting this term.Some notable quotes today: Trump said the expected trade deal would be good for both countries and “something very exciting for everybody.. ...
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Big day for markets with the Fed, Bank of Canada and earnings The US government shutdown continues but we macroeconomic nerds get some real market-moving news to digest. The Bank of Canada decision at 9:45 am kicks it off, followed by a press conference 45 minutes later. I wrote a preview here.There ...
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The USD is higher as the market awaits the FOMC rate cut later today. BOC... The USD is higher vs the major currency pair - the EURUSD, USDJPY and the GBPUSD. The move vs the GBP is the greatest with the GBPUSD down -0.41% and trades below the 100 day MA for the first time ...
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investingLive European markets wrap: Dollar steady, gold rebounds ahead of the Fed Central banks:Fed preview: what's priced in and what could surprise the market?The ADP data released yesterday could hurt Fed's conviction for a December cutFed poised to cut rates again today but will there be hints about a move in December?BoC ...
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BoC preview: a rate cut is expected but the focus will centre on forward guidance The BoC is expected to cut interest rates by 25
bps bringing their policy rate to 2.25% which is the lower bound of
their estimated neutral range (2-25%-3.25%). The market still sees decent chances for the BoC to end the ...
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Fed poised to cut rates again today but will there be hints about a move... As things stand, traders are more or less pricing in two more rate cuts by the Fed by year-end. The first one will be today before another in December. That all seems simple enough but the major issue in the ...
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US MBA mortgage applications w.e. 24 October +7.1% vs -0.3% prior Market index 338.7 vs 316.2 priorPurchase index 164.3 vs 157.3 priorRefinance index 1327.8 vs 1214.7 prior30-year mortgage rate 6.30% vs 6.37% priorThis is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates.
...
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Fed preview: what's priced in and what could surprise the market? The Fed is widely expected to cut interest rates by 25 bps bringing the policy rate to 3.75-4.00%. The central bank is also expected to announce an end to QT. We won't
get the SEP at this meeting, so the ...
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Trump says meeting with Xi tomorrow will be around three to four hours Things will work out very well with Xi tomorrowThe two are expected to meet at mid-morning on Thursday, so that can be any time from 0000 GMT to 0300 GMT. So, be sure to keep a watchful eye on the ...
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UK September mortgage approvals 65.94k vs 64.00k expected Prior 64.68k; revised to 64.96kNet consumer credit £1.49 billion vs £1.50 billion expectedPrior £1.69 billion; revised to £1.75 billionNet borrowing of mortgage debt by individuals rose by £1.2 billion to £5.5 billion in September. That's the highest figure since March ...
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Switzerland October UBS investor sentiment -7.7 vs -46.4 prior Prior -46.4That's a sharp jump in investor confidence with UBS noting that: "This marks one of the largest increases in the history of the indicator, second only to surges observed in the aftermath of the great financial crisis and during ...
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The ADP data released yesterday could hurt Fed's conviction for a December cut The ADP yesterday released the preliminary U.S. estimate of an average increase of 14,250 jobs per week in the four weeks ending on October 11, 2025.
That would put it around 57,000 jobs added in that four week period. The Dallas ...
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Gold creeps back up above $4,000 as dip buyers move quick to make themselves heard You can't keep a good gold down. But even with the nudge higher today, it doesn't mean that dip buyers are back in control when it comes to gold price action. The near-term chart shows that while they stepped in ...
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Spain Q3 preliminary GDP +0.6% vs +0.6% q/q expected Prior +0.8%Spain's economic growth slowed down in the third quarter of the year but still posted a modest showing as a whole. On a year-on-year basis, the Spanish economy is seen growing 2.8% and that just misses estimates of 3.0% ...
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What are the main events for today? In the European session, the only highlight is the Spanish Flash Q3 GDP. The data won't change anything for the ECB. We will also get a couple of low tier releases like the Spanish Retail Sales data and the Italian ...
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China says Trump-Xi meeting to inject new momentum in development of US-China relations The meeting will talk about issues of strategic and long-term interestChina stands ready to work with US for positive outcomesChina's position on fentanyl is consistent and clear, expresses sympathy for US fentanyl crisisOpen to continuing cooperation with the US on ...
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Gold set to peak in the first half of next year - HSBC Gold may have come under pressure early this week but HSBC sees that as just being a brief setback for the precious metal. The firm sees the rally in gold carrying over to the new year, with prices set to ...
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Trump: I think it will be a great deal for both the US and China China president Xi is coming tomorrowI think we are going to have itI think it will be a great deal for both the US and ChinaThe signs are definitely looking optimistic but what exactly does any deal here accomplish? It ...
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China shows a small gesture of goodwill ahead of Trump-Xi meeting China's COFCO Group is reported to have purchased three US soybean cargoes totaling 180,000 tons in what looks to be a small gesture of goodwill ahead of the Trump-Xi meeting tomorrow. So, how is this significant? Well, this is a ...
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Trump: We will not have the Fed raising interest rates Expects 4% GDP growth in the next quarterFactories are booming in the USSemiconductor manufacturing is rapidly returning to the USWe've secured commitments of over $18 trillion in new investmentsProbably $21 or $22 trillion of investments will be coming to the ...
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Malaysia clarifies that it still maintains ban on raw rare earths export despite US deal The agreement between the two sides is that Malaysia would refrain from banning or imposing quotas on critical minerals or rare earth elements in exports to the US, ensuring no restrictions whatsoever in that flow chain. For some context: Trump's ...
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RBNZ governor Hawkesby: It is crucial that central bank has full operational independence It is crucial that the central bank has, and is perceived to have, full operational independenceDo not have to look far to see that central bank independence is under attack around the worldHis speech is centering around the topic of ...
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Federal Reserve FOMC preview - Powell seen cutting rates but holding guidance steady Standard Chartered expects the Federal Reserve to deliver a 25-basis-point rate cut at today's policy meeting, with Chair Jerome Powell likely to tread carefully in his remarks as the ongoing U.S. government shutdown continues to distort the flow of economic ...
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Australia's CBA sees no more rate cuts from RBA, cash rate at 3.6% for an... Australia's CBA sees no more rate cuts from RBA, cash rate at 3.6% for an extended time to come. Earlier:Australian Q3 Core inflation (trimmed mean) +1.0% q/q (expected 0.8%, RBA forecast 0.6%)Australian dollar jumped after very strong CPI data, November ...
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investingLive Asia-Pacific FX news wrap: Bessent boosts yen, AUD jumps on accelerating CPI Goldman Sachs expects a 25bp rate cut from the Bank of England in NovemberUS Treasury/BoT says FX intervention is to fight excess volatility, disorderly movementsBofA sees BoJ hiking rates in January after hawkish October holdJapan Chief Cabinet Secretary Kihara says ...
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Goldman Sachs expects a 25bp rate cut from the Bank of England in November Goldman Sachs expects BoE to deliver 25 BP interest rate cut in November this year vs prior forecast of no rate cut-BoE meet next week, Thursday 6 November-Earlier:The Tuesday UK inflation data still reverberating through markets - BoE rate cut ...
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BofA sees BoJ hiking rates in January after hawkish October hold BofA sees BoJ hiking in January, USD/JPY supported by U.S.-Japan summitBank of America expects the Bank of Japan to maintain its cautious policy stance at the October meeting but deliver its next interest rate hike in January, as policymakers balance ...
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Japan Chief Cabinet Secretary Kihara says has no comment on Bessent's remarks Japan Chief Cabinet Secretary Kihara:No comment on Bessent’s X postMonetary policy falls under jurisdiction of BOJGovernment will continue to closely coordinate with BoJExpect BOJ to conduct monetary policy to appropriately achieve inflation targetBessent earlier, his remarks boosted the JPY:Bessent says ...
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Coming up - Fed expected to cut rates by 25 bps, Powell seen offering limited... Fed poised to cut rates, but Powell expected to stay cautiousThe Federal Reserve is widely expected to deliver a quarter-point rate cut this week, while Chair Jerome Powell is likely to offer little in the way of new policy guidance ...
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Trump says expects to lower fentanyl linked tariffs on China Trump statement on something the Wall Street Journal had floated Tuesday US time.WSJ: Trump looking to lower tariffs on FentanylTrump now:expects to lower fentanyl linked tariffs on Chinawill discuss farmers, fentanyl with Chinanot sure will speak about Taiwan with XiMay ...
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Toyota executive Ueda: Japanese govmt positive view on reverse imports from US Toyota executive Ueda:
We are still discussing internally about reverse imports from United States
Japanese government is taking positive view on issue of reverse imports from US
Camry one option for reverse importsWe didn’t specifically say that we will invest $10 billion in ...
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PBOC sets USD/ CNY central rate at 7.0843 (vs. estimate at 7.0962) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the ...
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South Korea’s President Lee says protectionism and nationalism are rising South Korea’s Lee:Protectionism and nationalism are risingTrade environment very different now from 20 years agoProved shared trust is key to shared prosperity during crisesSupply chain cooperation is keyBusiness leaders in Asia Pacific region have helped achieve shared prosperity through cooperation
Hopes ...
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Australian dollar jumped after very strong CPI data, November RBA rate cut off the table The Australian Q3 2025 inflation data is here:Australian Q3 Core inflation (trimmed mean) +1.0% q/q (expected 0.8%, RBA forecast 0.6%)The result takes a November Reserve Bank of Australia rate cut off the table. And December too. Reserve Bank of Australia ...
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Australian Q3 Core inflation (trimmed mean) +1.0% q/q (expected 0.8%, RBA forecast 0.6%) Q3 and September month inflation data for Australia - it's the quarterly data that is of most focusAustralia Q3 CPI data:Trimmed mean CPI +1% q/q (expected +0.8%, prior +0.6%)CPI (all groups) +1.3% q/q (expected +1.1%, prior 0.7%) Weighted median CPI ...
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PBOC is expected to set the USD/CNY reference rate at 7.0962 – Reuters modelled estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a ...
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Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility US Treasury Secretary Bessent in X post: Govt’s willingness to allow BoJ policy space will be key to anchoring inflation expectations, avoiding excess FX volatility encouraged by Japan FinMin’s deep understanding of how Abenomics has moved away from purely ...
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SoftBank and Hitachi among investors in $550 billion U.S. plan Japan’s major firms line up for $550 billion U.S. investment driveJapan’s biggest corporate names are positioning themselves to play key roles in a massive $550 billion investment package pledged by Tokyo as part of a U.S.–Japan trade agreement signed earlier ...
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RBNZ official says interest rates falling, credit conditions becoming more favourable Reserve Bank of New Zealand Financial markets director Richardson:
Transmission of recent OCR cuts to domestic financial conditions playing out largely as expected
Financial conditions in New Zealand have loosened with interest rates falling and credit conditions becoming more favourable
We have the ...
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The Tuesday UK inflation data still reverberating through markets - BoE rate cut prospects I had the data and its implications posted up yesterday as it hit:UK shop prices fell in October for the first time in seven months, driven by the biggest decline in food prices since 2020The Bank of England, which closely ...
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Economic calendar in Asia Wednesday, October 29, 2025 - Critical Australian inflation data Reserve Bank of Australia Governor Bullock spoke earlier this week, with a hawkish twist that came as a bit of a surprise to markets, Giuseppe had the mic drop moment:Bullock's comments lean on the hawkish side and it looks like ...
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EURUSD Technicals: The EURUSD fell hard and it raced as fast to the upside. The EURUSD saw a sharp decline earlier today after an attempted break above the key 100-day moving average at 1.1663 failed to hold. The rejection at that level triggered a strong move lower, taking the pair down through the 200-hour ...
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Preview: Bank of Canada to cut rates Wednesday, then what? The Bank of Canada will decide on interest rates at 9:45 am ET on Wednesday with a press conference to follow 45 minutes later. The implied odds of a rate cut are at 92% and that would bring the overnight ...
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Gold fights to get back above $4000 If I'm putting on my gold technical analysis cap, then this chart is probably the right way to look at it.We had a near--parabolic run through all-time highs and now we're in a retracement phase. Yesterday, we bounced from the ...
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AUDUSD Technicals. Buyers in the AUDUSD based at a key corrective target and pushed higher The AUDUSD rallied strongly yesterday, lifted by renewed optimism surrounding a potential US-China trade resolution. That momentum initially carried over into today’s Asian session, with the pair extending modestly higher before stalling and turning lower ahead of the European open.The ...
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GBPUSD Technicals: The GBPUSD tests the low from October target and finds buyers The GBPUSD continued its slide in the US session, extending the losses that began earlier in European trading. The move lower has now carried the pair to retest the October 4 low at 1.32476, with today’s trough printing just below ...
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USDCAD Technicals:The USDCAD bounced off key support target yesterday.There is work to do. The USDCAD spent much of yesterday consolidating within a familiar swing area between 1.3968 and 1.3975 — a zone that has proven technically significant in recent weeks. This area had served as a ceiling in early October, before the pair ...
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USDCHF Technicals:USDCHF runs higher in early NY trading & looks to increase bullish bias The USDCHF started the new trading day on a soft note, moving lower during the Asian session and, in the process, breaking below its 200-hour moving average, which currently sits near 0.79457. That break initially tilted the short-term bias back ...
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The USDJPY is the biggest mover as Trump and Takaichi meet.What are the technicals saying? The JPY is higher vs the USD by 0.54% as Pres. Trump and new PM Takaichi announced a number of trade measures to promote cooperation. The EUR is also higher (+0.11%) vs the USD but the GBP is ...
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Fed to cut rates again this week, then take a more risk management approach after... Much like everyone else, BofA does expect the Fed to deliver another 25 bps rate cut this week. On the decision itself, the firm highlights possible dissents with Miran likely to stick with a 50 bps rate cut call and ...
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What are the technicals telling traders in the EURUSD, USDJPY and AUDUSD at the end... EURUSD: The buyers are more in control in the EURUSD. In the video below, I show why and what is needed to keep them in control. USDJPY: The USDJPY has a strong ceiling at 153.27 with highs from early ...
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AUDUSD Technicals: AUDUSD gets a boost from US/China trade framework The AUDUSD is the strongest performer against the USD today, benefiting from improved U.S.–China relations over the weekend. The pair opened with an upside gap from Friday’s close and quickly climbed above the 100-day moving average at 0.6534. Although price ...
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USDCHF Technicals: USDCHF buyers and sellers are unsure of the next move. The USDCHF continues to chop sideways, mirroring the indecisive trading seen through most of last week. Price action has been oscillating above and below the 100-hour moving average (0.7959) and the 200-hour moving average (0.7949), with each directional break failing ...
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USDCAD Technicals: USDCAD moves lower but into support and buyers stall the fall The USDCAD moved lower today despite renewed trade tensions between the U.S. and Canada, after campaign ads aired in the U.S. showing former President Reagan criticizing tariffs — comments that President Trump dismissed as “cheating.” Trump followed up by announcing ...
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The USD is lower to start the new trading week on hopes for a China/US... The US is lower after successful talks between the US and China. Treasury Secretary Scott Bessent said weekend negotiations produced a “very successful framework” for President Trump and Xi Jinping to finalize when they meet Thursday. China’s foreign ministry ...
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EURUSD technicals: The EURUSD is trading between 100/200 hour MA going into the weekend The EURUSD traded both lower and higher today, extending to the upside after the weaker U.S. CPI data. However, sellers leaned against a swing area between 1.1645 and 1.1659, capping the move and sending the pair back down. The price ...
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GBPUSD Technicals: The GBPUSD falls to new lows after 200 hour MA capped the rally The GBPUSD moved higher after the weaker-than-expected U.S. CPI report, but the rally quickly lost steam once price reached the 100-hour moving average. Buyers turned to sellers, capping the move and sending the pair back lower.The decline pushed the pair ...
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USDCAD Technicals:Trade news and CPI send the USDCAD higher and lower.Price action settles The USDCAD popped higher earlier after Pres. Trump announced he was terminating trade talks with Canada, blaming Ontario ads that painted former Pres. Reagan as anti-tariff. The headline lit a quick rally, but sellers leaned against the 200-hour MA, halting ...
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US stocks jumped at the open as CPI is cooler than expectations The major US stock indices are trading higher helped by cooler CPI data and better earnings from Intel. Chips stocks are higher with Nvidia up 1.46%, Broadcom up 2.3%, AMD up 5.62%, and Micron up 3.17%.A snapshot of the ...
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The USD is higher ahead of the CPI data at 8:30 AM ET. What are... The USD is higher to start the North American session and ahead of the September US CPI data which is scheduled to be released at 8:30 AM ET. The expectation for the CPI is for 0.4% rise for the ...
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AUDUSD Technicals: AUDUSD switches the bias from bearish earlier today, but bullish The AUDUSD shifted from a bearish tone earlier in the day to a more bullish bias in the U.S. session, as buyers pushed the pair above both the 100- and 200-hour moving averages near 0.6495–0.6497. That move turned the near-term ...
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EURUSD Technicals: The EURUSD is trading to a new high after support held on the... The EURUSD moved lower during the Asian-Pacific and early European sessions, with the decline taking the pair back toward a familiar swing area between 1.15816 and 1.15976. Yesterday, the pair also dipped briefly below this zone before rebounding, and today ...
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USDCHF Technicals: Sellers making a play in the USDCHF. Price dips back below 200 hour... The USDCHF is trading lower, slipping back below its 200-hour moving average at 0.79659, after briefly breaking above it earlier in the session. That earlier move saw the pair test and reject the 200-hour MA before pushing to the session ...
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