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USD/JPY Extends Correction To Near 152.00 On Japan’s Intervention Alert

USD/JPY Extends Correction To Near 152.00 On Japan’s Intervention Alert

The USD/JPY pair falls further to near 152.00 in European trading hours on Friday. The asset weakens despite some recovery in the US Dollar (USD), suggesting a sheer strength in the Japanese Yen (JPY). The Yen gains after Finance Minister Katsunobu Kato alerted that the administration would take “appropriate action” to address excessive foreign exchange fluctuations.“Will closely monitor the […]
XAUUSD & Brent Decline After Fed Cut And Trump Win

XAUUSD & Brent Decline After Fed Cut And Trump Win

XAUUSD is below at $2,700 after Fed rate cut Brent crude oil dip below $75, still up weekly Rate cut aims to sustain economic growth, support oil New administration’s policies may boost US oil production XAUUSD and Brent experienced fluctuations on Friday, influenced by the Federal Reserve’s decision to lower interest rates and the impending impact of the new presidential administration.The […]
Everything According To Plan

Everything According To Plan

There were no major surprises, at least from our side from Thursday’s central bank event risk. We warned the BOE could deliver a hawkish cut, and we expected the Fed to cut rates 25 basis points and leave the door open for another cut in December.Video Length: 00:00:58 More By This Author:US Election In The Spotlight […]
Unaffordable Housing And Homeless Encampments: How Did It Get This Bad?

Unaffordable Housing And Homeless Encampments: How Did It Get This Bad?

Image Source: Unsplash  The post-election hope that festering problems can now be solved doesn’t seem to extend to unaffordable housing and homeless encampments, two blights on the socio-economic landscape. Perhaps this reflects a sense that these blights aren’t readily fixable, or an unsure grasp of the causes of these blights.Let’s focus on the primary cause that led […]
EUR/USD Stabilises, Considers Trump’s Impact

EUR/USD Stabilises, Considers Trump’s Impact

EUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce.Trump’s protectionist stance could stir inflationary pressures, prompting the Federal Reserve to maintain higher interest rates than anticipated. This potential for […]
Green Thumb Q3 Results Show 58% Decline In Net Income And 5% Decline In EBITDA

Green Thumb Q3 Results Show 58% Decline In Net Income And 5% Decline In EBITDA

Image Source: Pexels  Green Thumb Industries Inc. (CSE: GTII|OTCQX: GTBIF) reported its financial results today for the third quarter (Q3) that ended September 30th, 2024. Financial results are reported in U.S. dollars and are in comparison to those reported in Q2.  Q3 Financial Highlights Revenue: UP 2.4% to $286.9M Gross Profit: DOWN 1.9% to $147.6M as a % of revenue: DOWN  to 51.4% […]
Analytical Overview Of The Main Currency Pairs On – Friday, November 8

Analytical Overview Of The Main Currency Pairs On – Friday, November 8

The EUR/USD currency pairTechnical indicators of the currency pair: Prev. Open: 1.0728 Prev. Close: 1.0807 % chg. over the last day: +0.73 % The Fed lowered the target range for the federal funds rate by 25 basis points to 4.5–4.75% at its November 2024 meeting after a sharp 50 basis point cut in September, which […]
XRP Price Gains Fade Once Again: Will Support Hold?

XRP Price Gains Fade Once Again: Will Support Hold?

XRP price gained pace for a move above the $0.5500 support zone. The price rallied toward $0.5780 resistance and then quickly faded most gains. XRP price is losing pace above the $0.5500 zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with […]
Daily Market Outlook – Friday, Nov. 8

Daily Market Outlook – Friday, Nov. 8

Image Source: Pexels  Asian markets ex Japan sink as Chinese official once again fail to deliver on stimulus hopes, however, a miscommunication on wire reports regarding the scale of local debt reduction offers some minor relief as local markets recover from lows, the local hidden debt will be reduced from 14.3 trillion yuan to 2.3 trillion […]
EUR/USD Drops As Trump Victory Keeps US Dollar Upbeat Outlook Intact

EUR/USD Drops As Trump Victory Keeps US Dollar Upbeat Outlook Intact

EUR/USD faces selling pressure near the key resistance of 1.0800 in European trading hours on Friday. The major currency pair fails to extend Thursday’s recovery as the US Dollar (USD) resumes its upside journey after a sharp correction. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, bounces back to nearly 104.65. […]