NZD/USD extends the decline below 0.5700 on downbeat Chinese PMI data, Fed’s hawkish remarks
The NZD/USD pair attracts some sellers to around 0.5695 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as the latest data showed the Chinese manufacturing sector weakening last month.
Japan Jibun Bank Manufacturing PMI came in at 48.2, below expectations (48.3) in October
Japan Jibun Bank Manufacturing PMI came in at 48.2, below expectations (48.3) in October
Gold Price Forecast: XAU/USD holds below $4,000 as Fed’s hawkish remarks lift US Dollar
Gold price (XAU/USD) declines to around $4,000 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back bets for further Federal Reserve (Fed) rate cuts. The Fed’s Michelle Bowman is scheduled to speak later in the day.
Gold’s Weekly Update: Gold stabilises after correcting lower
Since our last report, Gold’s price tended to stabilise after correcting lower and market worries are as to where gold’s price is heading to. In the current report we are to review fundamentals which tend to tantalise the gold market at the current stage. For a rounder view we are also to provide a technical […]
Aussie traders await RBA’s next move
In tomorrow’s early Asian session, Aussie traders will fixate upon the Reserve Bank of Australia’s rate decision for their November meeting to gauge the direction of the Australian Dollar but also the Australian equity market, in the foreseeable future. Money markets project with a 95% certainty that RBA policymakers will go for a pause at […]
Amazon shares shoot up after blockbuster quarter
The world’s largest online retailer, Amazon, positively surprised Wall Street with its third quarter performance, driving its share price up by over 12% in the aftermarket hours and into uncharted all time high territory once again. Robust revenue growth across its core businesses, retail and cloud, toppled analysts’ lofty expectations and have also contributed positively […]
ECB seen standing still for the foreseeable future
Unlike the Federal Reserve yesterday, which extended its easing campaign by slashing another 25bps off its federal funds rate, the European Central Bank is widely expected to stand pat and hold rates steady for a third consecutive meeting. Fore reference, the main refinancing rate is set to remain at 2.15%, while the deposit facility rate […]
Fed to deliver policy decision without updated data
The main attraction of the week is bound to be the monetary policy decision from the Federal Reserve later on today, which will steer the direction of rates amidst a period of scarce economic data due to an ongoing US government shutdown. Policymakers have been flying blind over the past month or so, as the […]
Gold’s Weekly Update: Gold’s price stabilises for now
Gold’s price corrected considerably lower last week and seems to stabilise at the current stage. Yet fundamentals are evolving and could substantially affect gold’s price. In today’s update we are to have a look at the trade negotiations currently taking place between the US and China and the upcoming interest rate decision of the Fed. […]
Policy decisions, Mag 7 earnings and crucial econ data ahead
Given the lack of economic news releases today Monday, we decided to outline the most important and crucial events scattered across this week on the economic, policy and earnings fronts: Tuesday: We begin with the BoJ Core CPI print in the early Asian session and the CB consumer confidence indicator for the month of October […]
Focus returns on economic data after blackout period
Even though the US government shutdown is still underway, marking 22 consecutive days without the passage of legislative funding for financing the federal government, market participants rejoice as they will apprehend the first crucial piece of economic data and draw their best conclusions, as to how the Federal Reserve will proceed in its upcoming policy […]
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday’s close at $61.60.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.04 after its previous daily close at $65.29.
United Kingdom Retail Sales ex-Fuel (MoM) declined to 0.6% in September from previous 0.8%
United Kingdom Retail Sales ex-Fuel (MoM) declined to 0.6% in September from previous 0.8%
United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.3%, above expectations (0.7%) in September
United Kingdom Retail Sales ex-Fuel (YoY) came in at 2.3%, above expectations (0.7%) in September
BREAKING: UK Retail Sales rise 0.5% MoM in September vs. -0.2% expected
The United Kingdom (UK) Retail Sales climbed 0.5% month-over-month (MoM) in September after advancing 0.6% in August (revised from 0.5%), according to the latest data published by the Office for National Statistics (ONS) on Friday.
WTI (Oil) rebounds from 5-month lows after renewed US sanctions
Technical Analysis of Oil WTI Chart – Crude futures up 9% since the start of the week, seek to break the monthslong dry spell Crude futures swiftly reverse course earlier this week, bottoming out near the $56 per barrel area, gained momentum and are currently attempting to break above the $61.50 (R1) resistance ceiling and […]
The West’s united pressure-measures against Russian energy giants
Crude oil futures are on track to sustain the headway made in the prior two sessions and rebound further from 4- month lows, as the United States ramped up efforts to restrict flows of cheap Russian oil in energy markets. Washington’s renewed sanctions package now includes Lukoil and Rosneft, two of Russia’s largest energy players […]
Earnings miss drags Netflix lower
Shares of Netflix slipped by over 6% in the aftermarket hours yesterday, as the company missed Wall Street analysts’ earnings estimates by a wide margin in the third quarter of 2025, but has, broadly speaking, achieved another strong quarter of growth. More specifically the online streamer reported an adjusted EPS of $5.87, missing the $6.96 […]
Indonesia Bank Indonesia Rate came in at 4.75%, above expectations (4.5%)
Indonesia Bank Indonesia Rate came in at 4.75%, above expectations (4.5%)
GBP/JPY tumbles to near 202.00 on slower-than-expected UK inflation growth
The GBP/JPY pair is down 0.5% to near 202.00 during the European trading session on Wednesday.