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
US Nonfarm Payrolls set to confirm continued labor market cooling as Fed rate cut hangs in balance
The United States (US) Bureau of Labor Statistics (BLS) releases the delayed Nonfarm Payrolls (NFP) data for September on Thursday at 13:30 GMT.
NVDIA earnings to update the trajectory of AI frenzy
Even though, detached-from-reality valuations and worries for a pop-up of the so-called AI bubble continue to permeate across equity markets, the AI powered rally is considered to be, amidst a mild, self-corrective cool-down phase by many investors currently. The bombastic AI innovation project is, and is expected to be, cap-ex intensive for the frontrunners in […]
South Africa Consumer Price Index (MoM) fell from previous 0.2% to 0.1% in October
South Africa Consumer Price Index (MoM) fell from previous 0.2% to 0.1% in October
South Africa Consumer Price Index (YoY) climbed from previous 3.4% to 3.6% in October
South Africa Consumer Price Index (YoY) climbed from previous 3.4% to 3.6% in October
US Dollar Index hovers around 99.50 as Fed rate cut odds diminish
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after a three-day winning streak and trading around 99.60 during the European hours on Wednesday.
Indonesia Bank Indonesia Rate in line with expectations (4.75%)
Indonesia Bank Indonesia Rate in line with expectations (4.75%)
Forex Today: Eyes on FOMC Minutes, Nvidia earnings
Here is what you need to know on Wednesday, November 19:
Gold’s shine dampens after rate cut odds dwindle
Gold futures are currently experiencing four consecutive days of declines, as prospects for rate cuts from the world’s largest economy continue to face a watershed moment. Conviction for additional policy easing has drastically dwindled since the last Fed meeting, with half of polled economists altering their views and sidelining with a cautious, “wait and see” […]
Gold’s Weekly Update: Gold’s bullish tendencies cancelled for now
Since last week’s update, gold’s price rose but corrected lower again, surrendering the majority of the gains made. In today’s report we are to examine the validity of the negative correlation of the USD with gold’s price, have a look at how US bond yields have behaved and also make a comment about the Fed’s […]
India Trade Deficit Government registered at $41.68B above expectations ($29.4B) in October
India Trade Deficit Government registered at $41.68B above expectations ($29.4B) in October
Gold Price Forecast: XAU/USD is looking for direction right below $4,100
Gold’s (XAU/USD) reversal from monthly highs near $4,250 hit last week has been contained above $4,040, but the precious metal is trading sideways on Monday with upside attempts capped below the $4,100 so far.
EUR/JPY consolidates as Yen benefits from GDP data, Euro aided by growth revision
EUR/JPY trades around 179.60 on Monday at the time of writing, virtually unchanged on the day after pulling back from last week’s multi-year high near 180.00.
EUR/USD: Likely to trade between 1.1595 and 1.1645 – UOB Group
The current price movements are likely part of a range-trading phase between 1.1595 and 1.1645.
GBP: Wild ride on the day – ING
It has been quite easy to lose track of the UK government’s messaging regarding November’s budget, ING’s FX analyst Chris Turner notes.