NZD/USD drops sharply on Friday, settling around 0.5830. Pair faces strong resistance at the 20-day SMA, which remains unbroken. Indicators show weakening buying traction, reinforcing the bearish outlook. The NZD/USD pair extended its decline on … [Continue reading]
United States Consumer Credit Change came in at $19.24B, above forecasts ($10B) in October
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]
Fed’s Daly: We are ready to raise rates if inflation breaks out again.
Federal Reserve (Fed) Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving its infaltion goals, the US central bank will still step in with additional rate hikes if … [Continue reading]
AUD/USD plummets to fresh four-month lows below 0.6400
The US Dollar strengthened ahead of the weekly close on the back of mixed data. The Reserve Bank of Australia will announce its decision on monetary policy next week. AUD/USD fell to its lowest since August, maintaining the bearish pressure. The US … [Continue reading]
US Nonfarm Payrolls set to show hiring bounced back in November after October’s blip
US Nonfarm Payrolls are set to jump by 200K in November after rising by just 12K in October. The United States Bureau of Labor Statistics will publish the labor data on Friday at 13:30 GMT. US jobs data is critical to gauging future Fed rate cuts and … [Continue reading]
Live Coverage: Nonfarm Payrolls to shape Fed decision, shake Gold, Stocks, US Dollar
Nonfarm Payrolls are always critical – and it comes into sharper focus ahead of the last Fed decision of the year, which includes forecasts for 2025. Will they disappoint once again? Join XStreet Premium and ask analysts questions live and Gold … [Continue reading]
USD/INR flat lines, all eyes on RBI rate decision
The Indian Rupee trades on a flat note in Friday’s Asian session. Recovery in domestic markets and lower crude oil prices may lift the INR, but renewed USD demand could limit gains. The RBI interest rate decision will be in the spotlight … [Continue reading]
Gamestop, GME meme coin surge following Roaring Kitty return
Keith Gill, popularly known as Roaring Kitty, stirred excitement in the crypto market after posting a Times Magazine picture on X. Gamestop stock rose 13% before being halted following the post. Meme coins inspired by Gamestop also rallied over 40% … [Continue reading]
US Dollar softens with November’s NFP report on the horizon
The US Dollar index plunged below its 20-day SMA, trading below 106.00. Soft labor market data seems to be pushing the buck lower. If economic data continue coming in soft, markets might continue to bet on a more dovish Fed. The US Dollar (USD) is … [Continue reading]
Pound Sterling outperforms US Dollar as US Jobless Claims surge
The Pound Sterling rises as BoE Governor Andrew Bailey sticks to follow a gradual policy-easing approach. Financial market participants expect the BoE to keep interest rates steady in the policy meeting on December 19. Fed Powell expects that the … [Continue reading]