FX

Share: The GBP/JPY catches a soft bid to challenge 182.00 after a week of stubborn losses. The Yen surged on the week, bolstered by a hawkish BoJ. The Guppy heads into next week’s central bank showdown on the low side. The GBP/JPY eked out a small gain on Friday, finishing the day up a slim

Share: Mullen said its new spoofing complaint will replace its short-selling litigation announced in August. Law firm says spoofing litigation could amounts to “billions” in compensation. MULN trades lower for fourth consecutive session on Friday. Traders wait for December 15 shareholder vote on reverse split.   Mullen Automotive (MULN) stock lost ground for the fourth

Share: The Canadian Dollar follows a broad-market risk bid to higher ground on Friday. Economic data from Canada is thin on Friday, as well as all next week. Crude Oil takes a little off the top, paring back recent losses and helping to prop up the CAD. The Canadian Dollar (CAD) gained ground across the FX

Share: The US Dollar (Index) jumps over 0.50%, above 104  in the  aftermath of NFP numbers and Michigan Sentiment print. Traders see Unemployment rate fall to 3.7%, below 3.9% estimate. The US Dollar Index pops back up towards 104. The US Dollar (USD) is brushing off the Japanese crisis it had on Thursday. At one

Share: Indian Rupee edges lower amid the cautious mood. The Reserve Bank of India (RBI) is expected to maintain the status quo on the benchmark policy rate. RBI interest rate decision and the US Nonfarm Payrolls (NFP) report will be the highlights on Friday. Indian Rupee (INR) trades on a softer note on Friday as

Share: Natural Gas faces downside as demand remains subdued while supply builds bigger by the day. Natural Gas prices could sinks to $2. The US Dollar snaps its three-day-winning streak after BoJ surprise comments.  Natural Gas (XNG/USD) is facing more downturn as the economic balance is shifting towards a supply surplus. All pipes are open and

Share: Indian Rupee loses traction on the renewed US Dollar buying. The markets anticipate the Reserve Bank of India (RBI) to maintain the status quo on the repo rate, leaving it unchanged at 6.5%. Investors await the US weekly Jobless Claims on Thursday ahead of the RBI rate decision and US Nonfarm Payrolls. Indian Rupee

Share: The Bank of Canada (BoC) opted to maintain its key interest rate at 5% on Wednesday, for the third consecutive decision, as widely expected. According to the BoC the latest data “suggest the economy is no longer in excess demand”. The tone of the statement hints at no rate hikes ahead.  The BoC said

Share: NZD/USD is rebounding above 0.6150 early Wednesday. Renewed US Dollar weakness is supporting the Kiwi amid a mixed mood. Focus shifts to US ADP Employment Change data for fresh impetus. NZD/USD is staging a solid comeback. Heading toward 0.6200 in the Asian session on Wednesday. The pair is witnessing a relief rally after two

Share: NIO grew deliveries by leaps and bounds in the third quarter on rising SUV sales. Job openings declined in October, while the November ISM Services PMI showed expansion. Nio bests consensus on earnings but misses revenue expectations for Q3.  Chinese EV maker guides for deliveries between 47K and 49K in Q4.   Nio (NIO)

Share: Interest rate in Australia is likely to stay on hold at 4.35% in December after November’s hike. Reserve Bank of Australia Governor Michele Bullock could leave the door ajar for more tightening. The Australian Dollar is set to rock on any surprise in the language of the RBA’s policy statement. The Reserve Bank of

Share: The Euro loses further ground against the US Dollar. European stocks trade with decent gains across the board. US Factory Orders surprised to the downside in October. The Euro (EUR) loses further grip against the US Dollar (USD), dragging EUR/USD to retreat to three-week lows around the 1.0820 region at the beginning of the

Share: The Japanese Yen kicks off the new week on a stronger note and touches a three-month high against the USD. A combination of factors tempers investors’ appetite for riskier assets and boosts demand for the safe-haven JPY. Dovish Fed expectations, falling US bond yields undermine the USD and exert downward pressure on USD/JPY. The

Share: EUR/GBP was seen at 0.856 with a downside movement of 0.70%, it lowest since early September. In the daily and 4-hour chart, indicators hit oversold conditions after a seven-day losing streak. The cross will also close a 1.40% weekly loss. In Friday’s session, the EUR/GBP pair was seen at 0.8560 after a downward rally

Share: The DXY Index is seen with losses around 103.15, after reaching a high of 103.70, above the 200-day SMA. Fed Chair Powell warned that the bank will hike again if needed, keeping its data-dependency approach. The US ISM Manufacturing PMI declined in November, as expected. Next week, the US will release November’s Nonfarm Payrolls

Share: Mexican Peso finished November with gains of more than 3.60% and began December in a positive tone. Mexico and US interest rate differential favors the Peso, as Fed officials have shifted dovish. Fed Chairman Powell acknowledges a decrease in inflation but stresses the need for more evidence to achieve the 2% target. Mexican Peso

Share: The NZD/USD gains three-quarters of a percent on Friday to etch in a seventh straight gain. The Kiwi is up 2% against the US Dollar heading into the tail end of Friday’s trading session. Thin Kiwi data next week gives way to another bout of US NFP data next Friday. The NZD/USD is continuing

Share: Unemployment Rate increases to 3.8% in Canada in November, the highest since January 2022.  Canadian economy adds 24,900 jobs, surpassing expectations of 15,000.  Canadian Dollar rises modestly after the report, USD/CAD holds near two-month lows.  The Unemployment Rate in Canada rose from 5.7% in October to 5.8% in November, as expected, Statistics Canada reported