THe USDCHF felll sharply after yesterday’s US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving average and up to
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Japan’s Finance Minister Katsunobu Kato reiterated on Friday that it’s “up to the Bank of Japan (BoJ) to decide on monetary policy..” He further noted that he “expects the BoJ to conduct monetary policy appropriately to achieve the 2% inflation target.” Market reaction USD/JPY is maintaining the bounce to trade near 155.30 following these above
Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year. FUNDAMENTALS * Spot gold was flat at $2,715.21 per ounce as of 0047 GMT, hovering near a more than one-month peak hit on
Activity in the forex markets has turned relatively subdued today, with no clear trend emerging as traders shift into a cautious stance. With no top-tier economic data scheduled for the rest of the week, attention is turning to the impending inauguration of US President-elect Donald Trump next Monday. The spotlight is squarely on his anticipated
Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025. Mario Anzuoni | Reuters Climate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday. In a voluminous study covering 2018-22 and including some data beyond that, the department found
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: $1.70 a share, according to LSEG Revenue: $15.03
TradeCompass: Nasdaq 100 E-mini Futures Analysis – 13 January 2025 Financial Instrument: Nasdaq 100 E-mini Futures (NQ Futures) Price at the Time of Analysis: 20885 Key Levels and Trade Scenarios for Nasdaq 100 Futures Today Bullish Above: 20986 Why Bullish Above:If Nasdaq 100 futures surpass 20986, the price would trade above today’s VWAP, the developing
People’s Bank of China (PBOC) Governor Pan Gongsheng said on Monday that “interest rate and RRR tools will be utilized to maintain ample liquidity.” Additional comments Reaffirms China plans to increase the fiscal deficit. China will remain a driving force for the global economy. Policy focus should shift towards investment and consumption. Challenges persist in
Gold prices dipped to $2664 following the release of the US nonfarm payroll report as the US yields and the Dollar Index surged on robust job data. However, the metal recovered quickly as the US yields and the Dollar Index eased slightly from their respective day’s highs. The metal traded between $2614 (January 6) and
The US markets last week were shaped by two dominant themes: uncertainty surrounding trade policies of the incoming US administration and the impact of robust US economic data. Initial market confusion, driven by ambiguous signals regarding tariffs, created significant volatility. However, this indecisiveness gave way to clarity as strong US data reaffirmed the resilience of
The EURGBP has seen a run higher despite a sharp rise in the UK 10 year yield which saw the yield move to the highest level since 2008. The yield reached 4.821% today rising above the 2023 high of 4.755% in the process. The yield is currently at 4.813%. Although higher yield can be supportive
The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the third consecutive
Gold February futures contracts at MCX opened flat with a negative bias today at Rs 77,440 per 10 gram, which is down by 0.12% or Rs 91 while silver March futures contracts were trading at Rs 90,840/kg, down by 0.04% or Rs 33. Gold prices have broadly traded flat in this week so far, having
Volatility soared across markets today as reports of emergency trade measures by President-elect Donald Trump overshadowed the day’s economic data. According to CNN, which cited four unnamed sources, Trump is weighing the option of declaring a national economic emergency to justify widespread tariffs on all trade partners, including allies and adversaries. The plan would rely
Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks. For the trading week, the indices are closing lower. A snapshot of the closing levels
The latest poll in Canadian from Angus Reid has the governing Liberals at 16%, in a result that could leave them with as few as 5 seats in parliament. There have been a series of reports on various regional caucus revolts in the past few days and seems as though Prime Minister Justin Trudeau has
GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400 handle. UK macroeconomic and consumer credit data broadly missed the mark early on Friday, but the low-tier figures barely registered on the needle. On the US side, US business activity
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