Fundamental Overview The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US data
AUD/USD daily chart From earlier: Australia GDP Q3 0.3% versus 0.4% estimate After the report was released, the aussie dropped and eventually took a run under the key short-term support region of 0.6433-50. There was a slight bounce after as we began European trading but now we’re seeing price run back to the downside. If
Gold prices remained largely unchanged on Wednesday as markets awaited the US jobs data and comments from Federal Reserve Chair Jerome Powell for further clues on the US interest rate cut path. As of 10:10 am, February gold futures were trading at Rs 76,871 per 10 grams on the MCX, down by Rs 32 or
Australian Dollar faced broad declines in Asian trading following Q3 GDP data that fell short of expectations, marking a continued slowdown in the economy. Despite the weakness, the data isn’t severe enough to prompt an immediate policy response from RBA, either this month or in February. The central bank’s decision-making remains anchored on progress in
Andrew Bailey, governor of the Bank of England, at the central bank’s headquarters in the City of London, U.K., on Nov. 29, 2024. Hollie Adams | Bloomberg | Getty Images Bank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts over the next year,
Shares of Salesforce surged in extended trading Tuesday after the enterprise software giant reported better-than-expected quarterly revenue and issued a solid forecast for the current period. But most importantly, the company showed that Agentforce, its new AI platform, may kickstart revenue growth in the future. Revenue in the fiscal 2025 third quarter increased 8% year
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
Fundamental Overview The US Dollar continues to consolidate around the highs as the market reached the peak in the repricing of interest rates expectations and it will need stronger reasons to price out the remaining rate cuts for 2025. This was signalled by the lack of US Dollar strength after lots of strong US data
Trump’s recent comments and trade policies reveal contradictions regarding his stance on the USD. While protectionist policies could suggest a preference for a weaker USD to reduce trade deficits and boost competitiveness, fiscal spending and borrowing needs may lean toward a stable or strong USD to sustain debt financing and avoid inflationary pressures. Key Points:
The stock has given a breakout with a strong candle, marking a 6% move in a single day, after continuously facing rejections from the resistance zone of Rs 4,693-4,785 for the last 10 days. The potential target for the stock will be Rs 5,526 as T1, with a stop loss at the Rs 4,480 price
Swiss Franc strengthened broadly after inflation data for November indicated a modest uptick, stabilizing after months of decline. Although the annual CPI reading missed market expectations, the stabilization reduces immediate pressure on SNB to implement a significant 50bps rate cut at its upcoming policy meeting this month. However, uncertainty still lingers as SNB faces the
Available jobs rose in October while hiring fell during a month in which payrolls growth hit its lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday. Job openings totaled 7.74 million on the month, up 372,000 from September and more than the Dow Jones estimate for 7.5 million, the BLS said
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
The NZDUSD sellers pushed the pair lower on Monday but reached a swing area from the daily chart near 0.5848 and 0.5859. The low came in near 0.5862 and the price bounced higher. IN the trading today, the price has once again moved lower and for the 2nd day in a row stretched toward the
USD/JPY daily chart We’re seeing price nudge back up just above 150.00 for now but it comes after a more sluggish showing yesterday to start the new week/month. That despite the dollar seeing broader gains against the rest of the major currencies. The recent bid in bonds is still continuing to keep some downside pressure
Gold prices edged higher on Tuesday ahead of upcoming US economic data that could offer clues about the Federal Reserve’s interest rate decisions. The February gold futures were trading at Rs 76,846 per 10 grams on the MCX at 10.09 am and were up by Rs 159 or 0.21% from the previous session’s closing price.
Dollar’s rally extended its rally, bolstered by stronger-than-expected ISM manufacturing data. The notable jump in new orders and easing prices suggest an improving outlook for the US manufacturing sector. In the background, the greenback had a head start for the week after US President-elect Donald Trump adopted a firm stance on maintaining the Dollar’s dominance,
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on
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