Australian Gross Domestic Product is foreseen to be up by 1.1% in Q3 compared with the same quarter a year earlier. The Reserve Bank of Australia will likely maintain the OCR on hold until later in 2025. The Australian Dollar advances against … [Continue reading]
Dow Jones Industrial Average cools off as record rally takes a pause
The Dow Jones eased down around 200 points on Tuesday. Despite an upbeat JOLTS print, equities have eased off their recent rally. A packed data docket awaits investors in the runup to Friday’s NFP. The Dow Jones Industrial Average (DJIA) pared back … [Continue reading]
EUR/USD: French markets steady ahead of confidence vote – Scotiabank
The Euro (EUR) has picked up a little ground as market concerns about the impending French government no confidence vote (likely Wednesday) appear to have eased, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR nudges higher “French assets … [Continue reading]
Gold price surrenders intraday gains to $2,650; looks to US JOLTS data for fresh impetus
Gold price gains some positive traction on Tuesday, albeit the upside remains limited. Trade war fears, geopolitical risks and depressed US bond yields offer some support. Bets for a less dovish Fed underpin the USD and cap the upside for the … [Continue reading]
USD/INR holds firm as Trump tariff threats boost the US Dollar
The Indian Rupee extends its downside in Tuesday's Asian session. Trump's tariff threat, foreign fund outflows, and a stronger USD weigh on the INR. The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) … [Continue reading]
USD/CAD flat lines near 1.4050 amid firmer US Dollar, upbeat US data
USD/CAD holds steady around 1.4045 in Tuesday’s early Asian session. US ISM Manufacturing PMI rose to 48.4 in November vs. 46.5 prior. Canadian Manufacturing PMI climbed to a 21-month high in November. The USD/CAD pair trades flat near … [Continue reading]
US Dollar gains as Trump threatens tariffs against BRICS, boosting the Greenback
The US Dollar Index soars above 106.50 on Monday. DXY surges higher driven by Trump's warnings on tariffs against BRICS nations Strong November ISM manufacturing PMI helps the USD. The US Dollar Index (DXY), which measures the value of the USD … [Continue reading]
Pound Sterling weakens against US Dollar after Trump threatens to tariff BRICS
The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback. Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own … [Continue reading]
United Kingdom S&P Global/CIPS Manufacturing PMI below expectations (48.6) in November: Actual (48)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/INR edges higher as Trump’s tariff threats to BRICS boost the US Dollar
The Indian Rupee weakens in Monday’s early European session. The Indian November HSBC Manufacturing PMI came in at 56.5 vs. 57.5 prior, weaker than expected. Persistent portfolio outflows and weak domestic macroeconomic data undermine … [Continue reading]