USD/JPY Outlook: Rising Bets For Rate Hike Boost Yen
The USD/JPY outlook shows a stronger yen amid increasing bets for a December rate hike by the Bank of Japan. However, the pair fluctuated on Friday after mixed economic data from Japan. Meanwhile, the dollar remained strong after data in the previous session revealed a still-tight US labor market.Japan released mixed reports on Friday, which […]
The Price-Inflation Paradox: How Tariffs Really Affect The Economy
Anticipation of incoming president Trump’s tariffs has caused confusion regarding high prices and high inflation. They are not really the same. The effect of tariffs is to push prices up, but not to sustain higher inflation.Inflation goes higher. Dr. Bill ConerlyThe nearby chart shows an economy with five percent inflation for a few years, followed […]
USD/CAD Turns Upside Down On Steady Canadian Retail Sales Growth, US Dollar Retraces
Photo by Michelle Spollen on Unsplash USD/CAD ticks down after the Canadian Retail Sales data came in line with expectations and the prior release. Steady Canadian Retail Sales growth would weigh on BoC’s large rate-cut bets. Investors await the flash US S&P Global PMI data for November. The USD/CAD pair surrenders its entire intraday gains and ticks […]
Bitcoin Breakout At $93,257 Barrier Fuels Bullish Optimism
Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally?As optimism steadily […]
After SPY Bottoming, This Comes
S&P 500 was off to a rocky opening yesterday, but we made it both swing and intraday – and the market breadth that I cautioned clients about, did improve as befits such an up day. Yesterday had rather risk-on than risk-off characteristics, even though we had to deal with an opening flush, as was the case for […]
Eurozone PMI Sounds The Alarm About Growth Once More
Image source: Pixabay The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s […]
EUR/JPY Price Prediction: November Bear Trend Unfolds
EUR/JPY is declining in a short-term downtrend which started in November. The pair is likely to continue lower given technical analysis theory. EUR/JPY staircases down from its Halloween peak as it unfolds in a short-term downtrend during November. The odds favor an extension lower given the technical analysis theory that “the trend is your friend”. EUR/JPY Daily […]
GBP/USD Price Analysis: Hits 6-Month Low As UK Sales Slump
The GBP/USD price analysis shows weaker consumer spending in the UK, which has pushed the pound to a six-month low. On the other hand, the US labor market remains resilient, reducing Fed rate cut expectations.Data on Friday revealed that retail sales in the UK fell by 0.7% in October, compared to estimates of a 0.3% […]
Euro Sinks To Fresh 2024 Low
Image Source: Pixabay We come into Friday with the US Dollar having extended its run of yearly gains against the Euro and New Zealand Dollar, and multi-week gains against the Pound. Overall, the US Dollar remains well in demand across the board.Video Length: 00:01:08More By This Author:About The Dollar, Euro And Bitcoin Three Stories Driving Markets […]
Brent Prices Surge Amid Geopolitical Tensions
Brent crude trades above $74 a barrel Heightened risk premium amid geopolitical escalation OPEC+ meeting on December 1 to reassess production Sluggish demand from China complicates outlook Technical indicators show mixed short and long-term trends Global oil prices rose to a two-month high on Friday, with Brent crude trading above $74 a barrel, as escalating tensions between Russia and Ukraine fueled market […]
