AUD/USD Bounces After Australian Trimmed Mean CPI Data, Fed Rate-Cut Bets
AUD/USD sees a brief uplift following higher trimmed mean CPI out of Australia in October. Figures showed headline CPI at multi-year lows but this was put down to lower energy and fuel prices. Further gains result from a slight increase in bets the Federal Reserve will cut rates in December. AUD/USD bounces within a prolonged […]
RBNZ Cuts Rates By 50 Bps, Signals New Cut In February
The Reserve Bank of New Zealand (RBNZ) cut its benchmark interest rate by 50 basis points, a move that was anticipated by most economists.In other news, Deutsche Bank analysts suggested that if Donald Trump’s tariffs were fully implemented, US core PCE inflation could increase from 2.6% to 3.7% in 2025. RBNZ Interest Rate DecisionRBNZ cut […]
Big Day Of US Data Ahead Of Holiday
Image Source: Pixabay The market has absorbed the news around the Trump tariffs on China, Mexico, and Canada and is starting to move past it, while feeling better about an easing in geopolitical tensions. This has translated to some Dollar selling into Wednesday along with an ongoing bid in US equities.Video Length: 00:01:03More By This Author:Canadian […]
Yen Jumps On Rate Hike Speculation
Image Source: Pexels Overview: The US dollar has a softer profile today. All the G10 currencies are higher, led by 1%+ surge in the yen amid heightened speculation of a rate hike next month, while the US 10-year yield is near 4.25% today, the lowest since the election. Although the Reserve Bank of New Zealand allows for […]
As Expected, The RBNZ Cut The Rate By 0.5%
Image Source: Pexels At the end of Tuesday, the Dow Jones Index (US30) added 0.28%. The S&P 500 Index (US500) was up 0.57%. The Nasdaq Technology Index (US100) increased by 0.57%.Federal Reserve officials expressed optimism that inflation is falling and the labor market remains robust, supporting the possibility of further interest rate cuts, albeit at a […]
Two Trades To Watch: EUR/USD, USD/JPY Forecast – Wednesday, Nov. 27
EUR/USD rises cautiously ahead of German GFK data & post-Fed minutes German GFK consumer confidence is expected to fall to -18.6 Fed December rate cut expectations rise post-Fed minutes EUR/USD rises above 1.0450 – 1.05 zone EUR/USD is rising after modest losses yesterday as investors await German GFK consumer confidence and a US data dump […]
Crude Oil Ticks Up Rumors Picking Up On OPEC+ Discussions
Crude Oil ticks up on Wednesday, flirting with a 1% gain on the day. The move comes with several Organization of the Petroleum Exporting Countries and its allies (OPEC+) delegates confirming talks are underway for another delay of plans for its production normalization. The postponement could take months, with even talks of a pushback to the second […]
Does The Market Say No To The Nasdaq For The Start Of December?
Over the last 10 years the Nasdaq has returned an average of -0.90% over the first 2 days of December. The so called ‘turn on the month effect’ does tend to be positive for stocks, but the Nasdaq bucks this trend around the turn of December showing a 70% losing bias over the last 10 […]
XRP Price Stabilizes At $1.30: Can Momentum Build?
XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term. XRP price is struggling to gain pace for a move above the $1.50 level. The price is now trading below $1.450 and the 100-hourly Simple Moving Average. There is a […]
Daily Market Outlook – Wednesday, Nov. 27
Image Source: Pixabay Asian stock markets displayed a mixed performance on Wednesday, mirroring the generally optimistic signals from Wall Street overnight. Investors are exercising caution in anticipation of a key U.S. inflation report, the upcoming Thanksgiving holiday in the U.S., and the ongoing uncertainty regarding Trump’s tariff proposals. The announcement of a U.S.-brokered ceasefire agreement between […]
