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 […]
Week Ahead run through
Following last week’s carnage in US equity markets, the unveiling of September’s delayed NFP print, the repositioning of money market participants for the Fed’s upcoming decision, Nvidia’s blowout earnings report and preliminary Russia-Ukraine peace negotiations, investors look ahead and brace for a relatively quiet week of financial and economic releases, in hopes of calibrating their […]
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 […]
Yen slumps to 10-month lows on extra dovish fiscal outlook
The Yen’s devaluation phase against the dollar got extended earlier today, after details for a stimulus package made rounds in the markets and made investors weary about the Japan’s fiscal health onwards. Under the helm of its new Prime Minister Sanae Takaichi, an ultra-dove in the eyes of the market, the Japanese government announced its […]
GBP/USD: Unlikely to break below 1.3000 – UOB Group
Pound Sterling (GBP) could decline further; deeply oversold conditions suggest it is unlikely to break below 1.3000. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
JPY: Under political pressure – Commerzbank
The Japanese Yen (JPY) continued to depreciate steadily over the last few days, reaching its weakest level against the US dollar since the beginning of the year, with USD/JPY even rising above 157.
European Gas retreats – ING
European natural Gas prices fell nearly 2.4% on Wednesday, pressured by reports of U.S.–Russia peace discussions despite colder weather accelerating storage withdrawals, ING’s commodity experts Ewa Manthey and Warren Patterson note.
Dow Jones futures climb as Nvidia boosts AI trade, US NFP awaited
Dow Jones futures advance 0.62% to trade near 46,500 during European hours on Thursday, ahead of the United States (US) market open. The S&P 500 futures and Nasdaq 100 futures are also higher, rising 1.29% and 1.78% to around 6,750 and 25,150, respectively, at the time of writing.
EUR/USD: Major support at 1.1470 is unlikely to come under threat – UOB Group
Euro (EUR) could test 1.1500 before rebounding; the major support at 1.1470 is unlikely to come under threat. In the longer run, the bias for EUR has shifted to the downside; it is too early to tell if it can reach 1.1470, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Oil: Russia-Ukraine peace talk noise – ING
Oil prices came under pressure yesterday, with ICE Brent settling about 2.1% lower, ING’s commodity experts Ewa Manthey and Warren Patterson note.
USD: Just volatility today, no new direction – Commerzbank
Today, markets will finally see US labor market data again. The foreign exchange market will certainly be looking very closely at the figures and all the details to find clues about the state of the US labor market and the implications for the Fed, Commerzbank’s FX analyst Volkmar Baur notes.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Silver Price Forecast: XAG/USD hesitates around $51.00 with US NFP eyed
Silver (XAG/USD) retreated from weekly highs near $52.00 on Wednesday, as the US Dollar jumped following the release of hawkishly leaning FOMC minutes.
EUR/JPY Price Forecast: Eyes 182.00 after hitting record highs
EUR/JPY extends its winning streak for the fourth successive session, reached fresh all-time high of 181.73 and currently trading around 181.40 during the early European hours on Thursday. The currency cross moves upwards within the ascending channel pattern, suggesting a persistent bullish bias.
NZD/USD Price Forecast: Sticks to modest recovery gains above 0.5600 ahead of US NFP
The NZD/USD pair gains some positive traction on Thursday and recovers a part of the previous day’s heavy losses to the lowest level since April 9.
Forex Today: US Dollar rises on easing Fed rate cut bets, focus shifts to NFP
Here is what you need to know on Thursday, November 20:
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $59.34 per barrel, up from Wednesday’s close at $59.28.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $63.21.
Switzerland Imports (MoM) climbed from previous 19899M to 21032M in October
Switzerland Imports (MoM) climbed from previous 19899M to 21032M in October
Switzerland Exports (MoM) climbed from previous 23972M to 25351M in October
Switzerland Exports (MoM) climbed from previous 23972M to 25351M in October