Dollar heads lower ahead of payrolls data

The greenback has faced consistent outflows in the period of the last 4 weeks and despite the downward pressures, the dollar index seeks to form a base near the 98 mark, near 2-month lows. Investors are now bracing for the release of the November non-farm payrolls data, to update their forecasts for future rate cuts. […]

EUR/USD tests mid-term highs ahead of US employment, consumption data

EUR/USD tests mid-term highs ahead of US employment, consumption data

EUR/USD is testing two-and-a-half-month highs, at the 1.1765, ahead of Tuesday’s US session opening. The pair has shrugged off the negative impact of weaker-than-expected preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs) and resumed its broader bullish trend ahead of key US

Gold’s Weekly: US November employment data could shake gold’s price

Gold’s price has renewed its bullish tendencies since our last update. In the current update we are to have a look at the US financial releases that could shake gold’s price, the validity of the negative correlation of gold with the USD and latest developments that could affect the course of gold’s price. We are […]

AUD/USD trades lower around 0.6650 amid unexpectedly weak China data

AUD/USD trades lower around 0.6650 amid unexpectedly weak China data

The AUD/USD pair trades 0.10% lower to near 0.6645 during the Asian trading session on Monday. The Aussie pair is under pressure as the National Bureau of Statistics of China has reported unexpectedly weak Chinese Retail Sales and Industrial Production data for November.

AUD/USD trades lower around 0.6650 amid unexpectedly weak China data

AUD/USD trades lower around 0.6650 amid unexpectedly weak China data

The AUD/USD pair trades 0.10% lower to near 0.6645 during the Asian trading session on Monday. The Aussie pair is under pressure as the National Bureau of Statistics of China has reported unexpectedly weak Chinese Retail Sales and Industrial Production data for November.

Disney becomes OpenAI’s newest partner

The streaming giant Disney has announced earlier this week a $1bn equity investment in the AI prodigy OpenAI, becoming the latest colossus to jump on the artificial intelligence bandwagon. OpenAI’s video generation engine, Sora, raised eyebrows since its launch in December of 2024 and has amassed a large audience, not only from end-users, but also […]

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