Dollar strength faded mildly after the stronger-than-expected U.S. non-farm payroll report, as traders showed little appetite to extend the post-data rally. The muted reaction reflects a market that had already repriced aggressively after yesterday’s hawkish FOMC minutes, which pushed expectations for a December rate cut sharply lower. In that sense, much of the adjustment had […]
Improved H1 sets positive foundation Kingfisher approaches its 25 November third-quarter (Q3) trading update with investors watching closely for signs that the operational improvements seen in the first half of the year are beginning to translate into more consistent sales momentum. The group’s half-year results to 31 July 2025 – published in late September –
Gold eventually erased all the gains from last week’s short-squeeze and it’s now trading near key levels ahead of the US September NFP and the US Jobless Claims data. Strong data should keep weighing on gold as it would keep the market speculating on rate cuts pause, while weak data is likely to support the
The Danish economy expanded at an accelerated pace in the third quarter, largely on the back of the pharmaceutical industry, preliminary data from Statistics Denmark showed on Thursday. Gross domestic product advanced 2.3 percent sequentially in the third quarter, following a 1.2 percent rebound in the second quarter. Further, this was the quickest growth since the fourth
Oil prices have ticked up from Wednesday’s lows at $58.65, reaching session highs above $59.60 at the time of writing. A new set of US sanctions on Russia takes effect on November 21, which is expected to restrict exports of Russian oil and provide some support for the commodity. Data released on Wednesday by the
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
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Investor sentiment turned decisively positive in Asian markets today, even as traders continued dialing back expectations for a December Fed rate cut following the hawkish tone in FOMC minutes released overnight. The shift in rate expectations would normally pressure risk assets, but momentum instead swung in the other direction thanks to a powerful catalyst out
Like many dealers, NatWest has for years had a tool that automatically trades in the underlying spot or forwards markets to replicate and hedge its foreign exchange options sensitivities. Recently, though, the bank has given clients access to this tool – not to hedge their options but to replicate them in spot for those such
China is considering a fresh round of property-market support measures as the sector’s downturn continues to threaten financial stability, according to people familiar with internal discussions. Policymakers, including the housing ministry, are reviewing proposals such as nationwide mortgage subsidies for first-time buyers, larger income-tax rebates for mortgage holders, and lower transaction costs for home purchases.
Bank of Japan (BoJ) board member Toyoaki Koeda said on Thursday that Japan’s underlying inflation is now around 2%, supported by broadly solid economic indicators, tight labour-market conditions and demand–supply balances that have largely normalised. Key quotes Japan’s recent economic indicators have been solid overall. Prices in Japan have, on the whole, been relatively strong recently.
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U.S. President Donald Trump is weighing an executive order that would put Washington on a collision course with states over how artificial intelligence is regulated, according to a draft seen by Reuters. We had the heads up to this yesterday: Under the proposal, Trump would direct Attorney General Pam Bondi to set up an “AI
Hong Kong will on Thursday release October figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In September, consumer prices were up 0.1 percent on month and 1.1 percent on year. Indonesia will provide Q3 numbers for its current account; in the three months prior, the current account deficit was IDR6.7 billion.
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
Loan applications for house purchase in the U.S. decreased in the week ended November 14 as mortgage rates continued to increase, survey data from the Mortgage Bankers Association showed on Wednesday. The market composite index, which measures the house purchase mortgage loan application volume, decreased a seasonally adjusted 5.2 percent in the week ended November
The US Dollar (USD) added to the ongoing recovery, hitting new multi-day highs and surpassing its critical 200-day SMA despite declining US Treasury yields and amid rising caution prior to the release of Thursday’s Nonfarm Payrolls (NFP). Here’s what to watch on Thursday, November 20: The US Dollar Index (DXY) clocked its fourth consecutive day
