FX

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EUR/USD edges higher on Friday, settling at 1.0495 as it approaches the 20-day SMA. RSI rises sharply to 44 but remains in negative territory, indicating improving momentum within a bearish context. The EUR/USD pair managed a modest rebound on Friday, rising by 0.2% to 1.0495 after testing fresh lows earlier in the week. The pair

USD/CAD rises to a fresh four-year high near 1.4200 ahead of BoC monetary policy announcement and the US inflation. US core CPI is estimated to have grown steadily by 3.3% in November. Investors expect the BoC to cut interest rates by 50 bps on Wednesday. The USD/CAD pair posts a fresh four-year high near the

EUR/USD rises to near 1.0580 as investors await US CPI data for November and the ECB policy meeting. Investors expect the ECB to cut interest rates by 25 bps for the third time in a row. Fed Goolsbee forecasts the central bank to reach the neutral rate by the end of 2025. EUR/USD gains to near 1.0580 in

The increasing uncertainty in the Middle East and China’s purchases support Gold’s recovery. The US Dollar hesitates as strong US labour data did not curb hopes of further Fed interest-rate cuts next week. XAU/USD extends gains beyond the critical $2,665 price zone, needs to confirm channel breakout. Gold price (XAU/USD) nudges higher on Monday’s early European session, favoured

Amazon stock closes 2.94% higher at new all-time high. November NFP hits well above expectations on Friday. Amazon is still seeing positive vibes from its new AI chip. Amazon shares have risen in eight of last nine sessions. Amazon (AMZN) stock is up for the sixth consecutive session on Friday, a streak that began on

NZD/JPY fell to 87.48 on Friday, extending its weekly losses. Indicators are dangerously close to oversold conditions, signaling a potential correction. Bearish momentum remains intact, with risks of further downside. The NZD/JPY pair extended its decline on Friday, falling to 87.48 as selling pressure intensified. This marks a continuation of the bearish trend that began

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted that while she believes it may be time for the Fed to begin slowing the pace of rate cuts, the Cleveland Fed head gave a nod to investors who are anticipating at least one more rate cut between now and the end of January. Hammack

Gold price bounces back and moves higher ahead of the US NFP data for November, which will influence market expectations for the Fed’s interest-rate path. Traders lean toward the Fed reducing interest rates by 25 basis points on December 18. The violation of truce terms between Israel and Hezbollah has reignited tensions in the Middle

US Dollar (USD) is expected to trade in a 7.2550/7.2800 range. In the longer run, current price movements are likely part of range trading, probably between 7.2400 and 7.2900, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. USD to probably trade between 7.2400 and 7.2900 24-HOUR VIEW: “Following USD sharp pullback

Gold price ticks lower on Thursday amid a modest rebound in the US bond yields.  Geopolitical risks and trade war fears limit losses for the safe-haven XAU/USD. The USD bulls remain on the sidelines ahead of the key US NFP report on Friday.  Gold price (XAU/USD) sticks to its modest intraday losses during the early

The Pound Sterling experiences a whipsaw move after BoE Governor Bailey predicted four interest-rate cuts in 2025 as he expects the disinflation process is embedded. Traders expect the BoE to keep interest rates steady at 4.75% at this month’s meeting. Investors await a slew of US economic data and Fed Powell’s speech. The Pound Sterling (GBP) faces selling

The Dow Jones eased down around 200 points on Tuesday. Despite an upbeat JOLTS print, equities have eased off their recent rally. A packed data docket awaits investors in the runup to Friday’s NFP. The Dow Jones Industrial Average (DJIA) pared back recent gains again on Tuesday, declining 200 points at its lowest despite a

EUR/USD trades in negative territory for the second consecutive day near 1.0490 in Tuesday’s early European session.  Growing concerns about a possible government collapse in France undermine the Euro.  US Manufacturing PMI came in stronger than expected in November.  The EUR/USD pair loses ground to around 1.0490 during the early European session on Tuesday. The

The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback.  Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency.  Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction. 

Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso’s outlook. President Sheinbaum optimistic about averting Trump’s proposed 25% tariffs, bolstering MXN stability. The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended

Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold’s safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects. Gold’s price advanced late during the North American session on Friday,

GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside