The Dow Jones rattled on Tuesday and continued to battle the 45,000 handle. ADP jobs report says the number of new worker positions grew less than expected. Despite firm gains in key stocks and sectors, the Dow Jones looked downward. The Dow Jones … [Continue reading]
United States EIA Crude Oil Stocks Change below expectations (-1M) in November 29: Actual (-5.073M)
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]
AUD/USD plunges to near 0.6400 as weak Aussie GDP boosts RBA dovish bets
AUD/USD plummets to near 0.6400 as the Australian Dollar weakens after slower-than-expected Australian Q3 GDP growth. Soft Aussie Q3 GDP data has boosted expectations for RBA interest rate cuts in April 2025. The US Dollar gains higher ahead of Fed … [Continue reading]
USD/INR flat lines as Indian Services PMI shows strong growth in November
The Indian Rupee steadies in Wednesday’s early European session. The Indian HSBC Services PMI came in at 58.4 in November vs. 58.5 prior, weaker than expected. India's disappointing GDP data, foreign fund outflows and strengthening of the USD weigh … [Continue reading]
RBNZ Orr: Changes to capital rules will not increase competition among banks
Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said early Wednesday that “changes to capital rules will not increase competition among banks.” He did not comment on monetary policy or economic outlook. Market reaction As of writing, NZD/USD … [Continue reading]
Australia’s Gross Domestic Product growth expected to tick up slightly in Q3
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]