FX

The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for

WTI may find support as traders assess reports that Israel and Hezbollah exchanged accusations of breaching the ceasefire agreement. Russian President Putin warned of a possible nuclear-capable ballistic missile strike on Ukraine. Traders seek clarity on the production strategy of the OPEC+ at the rescheduled meeting on December 5. West Texas Intermediate (WTI) Oil price

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The US Dollar Index plunged toward 106.00 on Wednesday. The US Dollar ticked lower, but its losses may be limited as markets are pricing in a more hawkish Fed. PCE data from October met expectations for inflation. In Wednesday’s session, the US Dollar Index (DXY), which measures the value of the USD against a basket

USD/CAD softens to near 1.4055 in Wednesday’s early Asian session.  Trump’s tariff threat exerts some selling pressure on the Canadian Dollar.  FOMC minutes showed officials backed the gradual pace of rate cuts.  The USD/CAD pair trades with mild losses around 1.4055 during the early Asian session on Wednesday. The Canadian Dollar (CAD) recovers some lost

Silver prices fell by nearly 3% on Monday following reports that Israel and Hezbollah are reaching a ceasefire agreement. President-elect Donald Trump plans to impose tariffs on imports from Mexico, Canada and China. The non-yielding Silver struggled due to bond market optimism following the selection of Scott Bessent as the US Treasury Secretary. Silver price

Gold declines over $50 on Monday after Axios news reports that Israel and Hezbollah have reached a ceasefire agreement. Gold had already fallen after Donald Trump chose Scott Bessent to be his US Secretary of the Treasury.  Bessent is a seasoned Wall Street professional and is viewed as a safe pick by markets, reducing haven flows to

The Japanese Yen jumps back closer to last week’s swing high against its American counterpart.  Retreating US bond yields prompts some USD profit-taking and benefits the lower-yielding JPY. The BoJ uncertainty and the risk-on mood might cap any further gains for the safe-haven JPY. The Japanese Yen (JPY) strengthens against its American counterpart at the

Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including

Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic data shows mixed signals; Services and Composite PMIs outperform while Manufacturing PMI remains in contraction. Gold price rallies to a

GBP/USD sinks further following poor performances in key UK economic indicators and rising geopolitical concerns. Technical analysis highlights potential for the pair to test significant supports at 1.2445 and possibly the year-to-date low of 1.2299. RSI indicates oversold conditions, suggesting a heavy bearish pressure but not yet at extreme levels. The Pound Sterling extends its

The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday

US S&P Global Composite PMI rose to 55.3 in November’s flash estimate from 54.1 in October, showing that the business activity in the US’ private sector continued to expand at an accelerating pace.  S&P Global Manufacturing PMI improved to 48.8 from 48.5, highlighting an ongoing contraction, while the Services PMI rose to 57 from 55. Assessing the survey’s

The Australian Dollar remains solid as the PMI indicates a mixed economic picture. Judo Bank Australian manufacturing activity improved in November but remained in contraction, while services activity slipped into negative territory. The US Dollar Index reached its fresh yearly high of 107.15 after the US Initial Jobless Claims released on Thursday. The Australian Dollar

EUR/CHF declines to new lows after breaking out of a Triangle pattern.  It is likely to continue lower according to technical analysis theory.  EUR/CHF falls lower after breaking out of a Triangle pattern. It will probably continue to decline until it reaches the next downside target, which has been revised up to 0.9145 – 0.9150.

The Japanese Yen strengthens against the USD, though it lacks bullish conviction amid BoJ uncertainty. The upbeat market mood and elevated US bond yield might contribute to capping the lower-yielding JPY. Traders look at Thursday’s US macro data and the Fed speaks ahead of Japan’s National CPI on Friday. The Japanese Yen (JPY) edges higher

How much further can the bounce in Gold prices run? Any way you slice it, this is not the same set-up for flows as a few short months ago, TDS’ Senior Commodity Strategist Daniel Ghali notes. Gold price may continue its downward movement “Pent-up selling activity unleashed by the US elections, resulting in a massive shift from

The Australian Dollar appreciated as the RBA Meeting Minutes emphasized the importance of maintaining a restrictive monetary policy. The PBoC’s Monetary Policy Committee (MPC) decided to maintain the current interest rate at 3.1% for November. The US Dollar steadies as investors anticipate pro-inflationary policies from the incoming Trump administration. The Australian Dollar (AUD) attempts to