Yen jumps as BoJ’s Ueda hints at rate hike The Japanese yen has posted strong gains on Thursday. In the European session, USD/JPY is trading at 154.34, down 0.70% on the day. Ueda says rate decision will depend on data Bank of Japan Governor Ueda’s remarks are always closely ...
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Tech Stocks in Focus: Will Nvidia’s Q3 Earnings Propel or Sink the Market? Wall Street indexes are experiencing volatility due to geopolitical tensions and anticipation of Nvidia’s Q3 earnings report. The release of Nvidia’s Blackwell chip is a major highlight, with potential implications for the AI and computing sectors. The performance of Nvidia’s ...
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Euro slides after ECB financial stability review The euro is down sharply on Wednesday. In the North American session, EUR/USD is trading at 1.0510, down 0.80% on the day at the time of writing. ECB Financial Stability Review warns of debt crisis Financial stability reviews seldom make ...
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UK inflation jumps to 2.3% in October The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2653, down 0.21% at the time of writing. UK inflation higher-than-expected UK inflation rose to 2.3% year-on-year in October, compared to 1.7% in ...
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GBP/USD, GBP/JPY Price Action Ideas Post UK Inflation Release UK Inflation rises to a 6-month high of 2.3% in October, driven by services inflation. GBP/USD faces downside pressure but could rally if the daily candle closes above 1.2680. GBP/JPY shows mixed technical signals with a potential for upside in ...
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UK inflation expected to jump to 2.2% 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. On Monday, the pound ended a six-day slide, during which the currency lost 2.8%. ...
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USD/CAD lower after Cad. CPI rises to 2% 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% ...
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Aussie shrugs after RBA says no rush to ease 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. The Aussie flew out of the gates on Monday, climbing 0.75%. RBA minutes: No rush to cut ...
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Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement? 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 ...
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Japanese yen declines on BoJ’s Ueda cautious remarks 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 ...
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Will the Fed-ECB Policy Gap Sink the Euro? EUR/USD Analysis 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 ...
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New Zealand dollar slips to one-year low on weak Services PSI 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. This is the New Zealand dollar’s lowest level since November 2023. New Zealand Services PMI ...
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Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum 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 ...
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Aussie stabilizes, China retail sales rise 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 ...
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UK economy contracts in September, pound shrugs 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%. It has been a miserable week for the pound, which is down 1.9%. The pound fell as ...
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Japan GDP beats forecast, yen ends skid 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 ...
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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 ...
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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 ...
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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 ...
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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. The Australian dollar has been a dreadful slide and has plunged 6.4% since Oct. 1. ...
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