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USD/CAD Price Analysis: US Data Backs a Slow Fed Easing Cycle
US job openings unexpectedly rose to 8.10 million in November. The US ISM services PMI increased to 54.1, above forecasts of 53.5. Canada’s Prime Minister Justin Trudeau announced plans to resign. The USD/CAD price analysis shows further support for a gradual Fed easing cycle. The US released upbeat data on Tuesday, which boosted the dollar
Hang Seng Index: Transforming into a medium-term bearish trend despite improving Services PMI from China
Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan since November has added to more woes to the Hang Seng Index. Watch the 19,700/20,130 key medium-term resistance on the Hang Seng Index. This is
German Retail Sales climb 2.5% YoY in November vs. 1.9% expected
Germany’s Retail Sales fell 0.6% MoM in November after declining 1.5% in October, the official data released by Destatis showed on Wednesday. Annually, Retail Sales in the Eurozone’s top economy rose by 2.5% in November versus 1.9% expected and 1.0% in October. EUR/USD reaction to the German data Mixed German data serves negative for the Euro, driving EUR/USD slightly lower at
Australian Dollar holds steady as US Dollar remains firm ahead of FOMC Minutes
The Australian Dollar depreciated as Australia’s trimmed mean fell to an annual 3.2% from 3.5%. Australia’s monthly Consumer Price Index increased by 2.3% YoY in November, the highest level recorded since August. The US Dollar appreciated as the 10-year yield on US Treasury bonds rose by over 1% on Tuesday. The Australian Dollar (AUD) faced challenges
Gold price in India: Rates on January 8
Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,303.81 Indian Rupees (INR) per gram, down compared with the INR 7,313.69 it cost on Tuesday. The price for Gold decreased to INR 85,189.29 per tola from INR 85,305.47 per tola a day earlier. Unit measure
WTI rises above $74.00 on larger drop in US crude oil inventories, hopes for China’s demand
WTI price gains traction to near $74.15 in Wednesday’s Asian session. US crude oil inventories fell by 4.022 million barrels last week, according to the API. Oil traders brace for the FOMC Minutes on Wednesday ahead of the US December NFP report. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.15
NZD/USD softens below 0.5650 on stronger US economic data
NZD/USD softens to around 0.5635 in Wednesday’s early Asian session. The stronger US data suggested the Fed is likely to slow the easing cycle. Investors will monitor how aggressive Trump’s tariff plans could be when he takes office. The NZD/USD pair trades with mild losses near 0.5635 during the early Asian session on Wednesday. The upbeat
Gold surge stalls after JOLTs data, FOMC minutes awaited
Gold climbs to $2,664 but faces pressure from a strong US labor market and Trump’s assertive tariff plans. Trump’s unexpected remarks on reclaiming the Panama Canal and imposing tariffs on neighbors bolster the US Dollar. People’s Bank of China boosts gold reserves, signaling increased demand as global economic uncertainties persist. Gold price advanced late in
SPX & Nasdaq 100 React to Strong US Data: Rate Cut Outlook Shifts
Stronger-than-expected US economic data (JOLTs job openings and ISM Services Index) weigh on US Indices. Markets exhibited sensitivity to monetary policy expectations and potential volatility, with sector performance varying. Technical analysis of the S&P 500 suggests a range-bound market with key support and resistance levels identified. Upcoming non-farm payrolls and Fed meeting minutes releases are
Pair remains under 20-day SMA, retreated towars 1.0370
EUR/USD inches lower to 1.0370 on Tuesday after repeated rejections at the 20-day SMA. The RSI rises to 45, suggesting improving momentum but still hinting at a cautious outlook. MACD shows flat green bars, indicating easing bearish pressure yet no clear bullish shift. EUR/USD managed to climb towards the 1.0370-1.0390 area at the begging of the
USD/JPY Price Analysis: Yen Recovers as Intervention Fears Rise
Japan’s Finance Minister, Katsunobu Kato, warned traders against selling the yen. The USD/JPY pair is quickly approaching the pivotal 160.00 level. This week, the US will release its crucial nonfarm payrolls report. The USD/JPY price analysis shows some relief for the yen amid renewed warnings against excessive declines. Japan’s top officials are becoming increasingly concerned
Gold price, WTI crude price and natural gas price higher in …
Commodity prices have risen in early trading, as gold and natural gas continue their recovery and WTI renews its upward move. Source link
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