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]
AUD/USD: To retest the 0.6400 level before stabilization – UOB Group
The weakness in the Australian Dollar (AUD) could retest the 0.6400 level before stabilization is likely. In the longer run, risk for AUD has shifted to the downside; the 0.6380 level is expected to provide significant support, UOB Group’s FX … [Continue reading]
Gold price remains depressed below $2,650 amid expectations for a less dovish Fed
Gold price ticks lower on Thursday amid a modest rebound in the US bond yields. Geopolitical risks and trade war fears could help limit losses for the XAU/USD. The USD bulls remain on the sidelines ahead of the key US NFP report on … [Continue reading]
Australia’s Trade Surplus increases to 5,953M MoM in October vs. 4,500M expected
Australia’s trade surplus increased to 5,953M MoM in October versus 4,500M expected and 4,609M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.Further details … [Continue reading]
Dow Jones Industrial Average roils on hectic Wednesday
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]