The USD/CHF pair trades in negative territory near 0.8045 during the early European session on Tuesday. The prospect of a US interest rate cut in December weighs on the US Dollar (USD) against the Swiss Franc (CHF). Traders brace for the Swiss Consumer Price Index (CPI) inflation report on Wednesday, along with the US ADP […]
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Silver price (XAG/USD) falls to around $56.70 during the Asian trading hours on Tuesday. The white metal faces some profit-taking after reaching a record high in the previous session. However, expectations that the US central bank will cut interest rates further this month and persistent concerns over global supply tightness might cap its downside. Silver
American Black Friday sales numbers were released from the usual suspects earlier on Monday. Mastercard SpendingPulse estimated that Black Friday retail sales ex-autos were +4.1% y/y, accelerating from the prior year’s +3.4% y/y growth. Adobe sees sales through Cyber Monday up 6.3% on a year-over-year basis Salesforce said Canadian online sales for the weekend were
New Zealand Terms of Trade Index below forecasts (0.3%) in 3Q: Actual (-2.1%) Source link
At the onset of December, U.S. stocks experienced modest declines. The S&P 500 and Nasdaq each dipped approximately 0.4%, while the Dow decreased by about 0.7%. These indices managed to recover from more substantial losses seen earlier in the trading session amidst ongoing market volatility. Investor caution was evident as anticipation grew around significant economic
Catalysts for movements in the US Dollar have been confusing all types of Market Participants. Reaching new cycle highs during the longest ever US Government shutdown (43 days), the Greenback consequently fell as the government reopened, driven by dovish hopes for the December 10 FOMC meeting. Current yo-yos in the dollar are leaving traders in
ECB’s Kocher: ECB should keep enough powder dry to be able to react quickly if necessary Slight deviations above or below the 2% target should not trigger any need for action on rates now. I believe inflation rates within the euro zone will converge in the coming year, which is a good thing. This article
AUD/USD trades around 0.6550 at the time of writing on Monday, virtually unchanged on the day, as the market digests a batch of mixed US data and awaits key Australian releases. The pair remains confined in a phase of indecision, reflecting the relative weakness of both the Australian Dollar (AUD) and the US Dollar (USD).
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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Dollar fell broadly today, though the move lacked a clear single trigger. Fed expectations barely shifted, with December cut bets ticking up only marginally to 87%, not meaningfully different from last week. US yields were also steady to firmer, with 10-year Treasury yields recovering back above the 4% mark, offering no obvious impetus for a
(Partial video transcript) This week’s trading opportunity Axel Rudolph: Hello everyone and welcome to “Trade of the week” on Monday the 1st of December. And what I would like to do today is to go long EUR/GBP because I believe that the last few days has given analysts I should say enough time to analyse the UK
I’ve just achieved – or endured? – the milestone of 10 years on an institutional FX trading desk. Either way, it feels like the right moment for a little reflection. Let’s start with an assumption: this morning I tapped in with my contactless card for the Elizabeth line, sipped canned matcha, scrolled TikTok and started
Headlines: Markets: JPY leads, USD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields up 2.7 bps to 4.046% Gold up 0.5% to $4,251.61 WTI crude oil up 1.1% to $59.11 Bitcoin down 5.4% to $85,456 It’s always nice when the first day of the new month falls on
European stocks fell on Monday, losing ground after a strong month in November. Investors became more cautious, leading to a wave of “risk aversion” across the markets. The main European index, the STOXX 600, dropped 0.4%. Key national markets in Germany and France saw similar declines of 0.5%. Following a solid run in November, which
