ECB’s Villeroy: Wise thing is to maintain interest rates at current level
European Central Bank (ECB) policymaker and French central bank governor, Francois Villeroy, said during European trading hours on Wednesday that the wise thing is to hold interest rates steady at their current level.
Japanese Yen bulls seem hesitant as fiscal concerns offset BoJ rate hike bets, ahead of Fed
The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) through the early European session on Wednesday, though it lacks bullish conviction.
RBA stands still, keeps cash rate at 3.6%
The Australian dollar found support earlier today and rose near the $0.663 area against the greenback, following the Reserve Bank of Australia’s policy decision, as the bank chose to prolong its pause at the 3.6% level. The central bank, as widely expected, opted to keep its cash rate unchanged for the third consecutive meeting, since […]
Gold Outlook: Fed Rate Cut Risk, Geopolitics & Key Levels
Gold’s price has remained relatively stable since our last update. In today’s report, we are to discuss the Fed’s interest rate decision next week, which in turn could prove to be a market mover for gold’s price, validity of the negative correlation of the USD with Gold and how various geopolitical issues are progressing. Also […]
Chinese exports reaccelerate after October’s short-lived contraction
Weak domestic demand and export overcapacity continues to be the prevalent theme at play in China, keeping market sentiment somewhat subdued, as investors need further evidence of resurgence of ailing domestic consumption, before fully committing capital into the Red Dragon. The latest trade data report for the month of November showcased the expansion of the […]
Fed’s favourite gauge of inflation gets an update
Without a shadow of a doubt, the main attraction of the day and possibly the week, is the Federal Reserve’s preferred measure of assessing inflationary pressures, the Core PCE index, for the month of September. The expected impact from President Trump’s harsh tariffs has not yet materialized, with inflationary pressures remaining somewhat stagnant round and […]
Money markets bake-in rate cut after weak jobs data
The absence of concrete labour market data from the Bureau of Labor Statistics has forced market participants to shift their attention on “second-tier” data from the private sector, in order to form an accurate enough picture and update their forecasting models. The fact that October’s Nonfarm payrolls data may never get released, since government workers […]
Productive talks held, yet peace plan remains elusive
US special envoy to Ukraine, Steve Witkoff, travelled to Russia yesterday and spoke with Russian delegation in efforts of finding a comprehensively “fair” peace deal for the war in Ukraine. Albeit the talks being described as “constructive” by both parties, no deal has yet been reached, extending therefore the conflict until a future date. The […]
Absence of NFP data forces traders to focus on JOLTS, ADP prints
Given that the Non-Farm Payrolls data for October will almost certainly, never see the light of day, market participants are being forced to look elsewhere for clues about the health of the US labour market and best calibrate their financial models accordingly. The once severely overlooked, JOLTS and ADP non-farm employment prints, have now turned […]
Gold’s Weekly Update: Gold’s price renews its bullish tendencies
Since last week’s update, gold’s price has edged higher, signaling a possible renewal of the bullish tendencies for the precious metal. In today’s report, we are to discuss the validity of the negative correlation of the USD with Gold, the market’s expectations for the Fed as well as geopolitical issues that could affect gold’s price. […]
Copper futures rise on supply crunch
Ongoing shortages, looser monetary policy expectations, the potentiality for being included into President Trump’s tariff agenda and robust speculative positioning, has given a bullish undertone for the base metal in recent weeks, pushing its price higher, lifting it to 4-month highs. The most prominent reasons behind the recent rally have been the prolongment, but also […]
Is inflation on the rise in Europe?
The latest inflation expectations data from Eurozone edged slightly higher in October according to the latest survey, rising from September’s 2.7% reading to 2.8% , but failed to provide support for the Euro earlier today. At its October decision, the ECB opted for a pause scenario and kept its rates unchanged at the 2.15% level, […]
Oil Weekly Update: Traders zero in on Ukraine peace talks
Technical Analysis of Oil WTI Chart – Crude futures remain rangebound above the $58 per barrel area. Crude futures remained confined between the $61.50 (R1) and $58.00 (S1) levels for another week, as neither the bulls nor the bears took hold of the initiative. We maintain our sideways bias for the commodity given the lack […]
Silver set to challenge ATH peak
Silver futures climbed near record highs once again, as money market participants drastically increased the odds for a December rate cut, after softer economic data, dovish Fed speak, labour market weakness and speculations that a Trump loyalist will most likely head the Federal Reserve, once Powell’s term comes to an end in 2026. Weak retail […]
GBP: Sterling gains on UK budget relief – ING
The UK budget lifted Pound Sterling (GBP) modestly as fiscal pressures eased, but back-loaded tax measures and upcoming BoE rate cuts could keep the currency’s upside limited, ING’s FX analyst Chris Turner notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $53.41 per troy ounce, up 0.12% from the $53.35 it cost on Wednesday.
Day of reckoning for Reeve’s budget
The main attraction for the day is the upcoming unveiling of the infamous, Autumn Budget from UK Chancellor of Exchequer Rachel Reeves, which could potentially cause a destabilisation in bond and FX markets. The Chancellor has, time and time again, reiterated her “iron clad commitment” at saving the UK from its fiscal troubles, underscoring her […]
RBNZ’s one-and-done?
Coming up early in tomorrow’s early Asian session is the Reserve Bank of New Zealand’s rate decision for the last meeting of 2025 and Kiwi traders will be glued to their seats awaiting to see the central bank’s forward projections in regards their policy agenda. Currently RBNZ’s official cash rate stands at 2.5% around levels […]
Gold’s Weekly Update: Gold’s price remains stable for now
Since last week’s update, gold’s price remained relatively stable, maintaining a possibly wait-and-see position. In today’s update we are to have a look at the market’s expectations for the Fed’s intentions, geopolitics that could affect gold’s price and whether gold’s negative correlation with the USD is active or not. We are to conclude the report […]
Strong payrolls number wrangles December rate cut bets
Stock markets abruptly reversed course and plunged deep in the reds yesterday, after the delayed NFP print for the month of September showcased that the US economy’s labour market remains resilient amidst the Federal Reserve’s restrictive policy campaign. The US economy managed to add 119k new jobs in September, dispelling calls that saw a mere […]