Investing.com — The surged to multi-year highs on Friday, hitting a level that an expert said would mark the pricing in of the ‘Trump Trade,’ leaving little room for further upside and creating an opportunity to turn bearish on the greenback. The jumped 0.5% to to 109.67, and had earlier hit 109.91 — its highest level since November 2022. “Start selling

Strong US Jobs Report Impacts Fed Expectations with some analysts now predicting no cuts at all.  The S&P 500 experienced a sell-off, breaking below key support levels and raising concerns about further potential downside. US inflation and retail sales data will be crucial in shaping market expectations for future monetary policy. In addition to US

2025.01.10 2025.01.10 XAU/USD: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 2728.40 with a target of 2500.00 – 2418.82. A sell signal: the price holds below 2728.40. Stop Loss: above 2735.00,

The yen is slightly higher on Friday. In the European session, USD/JPY is trading at 157.89, down 0.12% on the day. Japan’s household spending continues to decline Japanese consumers are holding tight on the purse strings and that could spell tr0uble for Japan’s fragile economy. Annually, household spending declined by 0.4% in November, following a

The British pound has continued to move lower this week, diverging from the trajectory of UK yields. Deutsche Bank (ETR:) recommends selling the pound based on a broad, trade-weighted basis. The bank noted that the pound has been the worst-performing currency since the beginning of the year, marking a sharp decline similar to the one

The Canadian dollar started the week with strong gains but has shown little movement since then. In the European session, USD/CAD is trading at 1.4411, up 0.12% at the time of writing. We could see stronger movement from the Canadian dollar in the North American session, with the release of Canadian and US employment reports.

Investing.com– Most Asian currencies weakened on Friday, while the dollar sat near its strongest level in over two years as traders braced for a potentially strong nonfarm payrolls reading due later in the day.  Regional sentiment was also undermined by weak inflation data from China, while traders speculated over a potential interest rate hike by

USD/CHF has been in a strong uptrend since September 2024, largely mirroring the US Dollar Index (DXY). A potential double top pattern is forming around the 0.9137 resistance level. Key support levels to watch are 0.9087, 0.9040, and the psychological 0.9000 handle. A break above the 0.9137 resistance could lead to further gains. Most Read:

The yen is trading quietly on Thursday. In the North American session, USD/JPY is trading at 157.98, down 0.21% on the day. Japan’s base salaries rise but real wages decline Japan’s wage growth for November was a mixed bag, with both good and bad news. On the positive side, base salaries rose 2.7% y/y, the

Investing.com — The yield on United Kingdom (TADAWUL:) government debt, also known as gilts, reached its highest levels since 1998 on Thursday, while the British pound weakened against the dollar. This comes as investors express concerns about the escalating levels of government borrowing and a generally underperforming economy. The yield on the 30-year gilt hit

The Australian dollar has edged lower on Thursday. In the North American session, AUD/USD is trading at 0.6198, down 0.28% on the day. Australian retail sales point to cautious consumers Australian retail sales rose 0.8% m/m in November 2024, higher than the downwardly revised 0.5% gain in October but shy of the market estimate of

By Ankur Banerjee and Greta Rosen Fondahn (Reuters) -The U.S. dollar drew strength from rising Treasury yields on Thursday, adding pressure to the pound and euro, while the yen edged up from recent lows, and the market waited for clarity on possible Trump tariffs. The focus for markets in 2025 has been on U.S. President-elect

The British pound is on a nasty slide and has lost 1.8% since Monday. In the European session, GBP/USD is currently trading at 1.2294, down 0.53%. Earlier, the pound fell as low as 1.2237 (1%), it lowest level since Nov. 2023. BRC shop inflation hits 3.5 year low The latest setback for the pound was

Investing.com – The US dollar steadied Thursday, underpinned by rising Treasury yields after hawkish comments from the Federal Reserve and strong economic data furthered bets on a slower pace of rate cuts. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at

By Himanshi Akhand (Reuters) – Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand, while the threat of potential U.S. tariffs undermined the appeal of risky Asian assets, a Reuters poll showed on Thursday. Short bets on the Chinese