Yesterday's US inflation figures provided little new information, with all figures coming in as expected: The headline rate rose by 0.2% and the core rate by 0.3% month-on-month, Commerzbank’s FX analysts Michael Pfister notes. USD honeymoon … [Continue reading]
Japanese Yen remains on the back foot against USD; lifts USD/JPY beyond 156.00 mark
The Japanese Yen continues losing ground amid the BoJ rate-hike uncertainty. The bullish USD contributes to the USD/JPY pair’s move-up to a multi-month top. The JPY bears shrug off the possibility of an intervention by Japanese authorities. The … [Continue reading]
Breaking: Australia’s Unemployment Rate remains steady at 4.1% in October vs. 4.1% expected
Australia’s Unemployment Rate came in at 4.1% in October, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure was stable compared with the previous month's figure and … [Continue reading]
Mexican Peso recovers after US CPI, despite buoyant US Dollar
Mexican Peso finds its foot after US inflation data announced ahead of Banxico decision. US inflation report meets forecasts, raising chances of a Fed rate cut in December to 82%. Banxico expected to reduce rates to 10.25%, potentially narrowing the … [Continue reading]
Metaplanet gains $28m in Bitcoin, yet shares dip
Metaplanet's Bitcoin holdings exceeded 1,000 BTC, gaining a valuation of $28 million, making it a leading corporate Bitcoin holder in Asia. The firm implemented a MicroStrategy-style acquisition strategy, raising capital via stock issuances, bond … [Continue reading]
EUR/CAD finds interim support near 1.4800, downside bias stays afloat
EUR/CAD gauges a temporary cushion near 1.4800, however, more downside looks likely. The ECB is expected to reach a neutral rate by the first half of 2025. Investors expect the BoC to cut interest rates by 50 bps in December. The EUR/CAD pair … [Continue reading]
Australian Dollar remains tepid as US Dollar appreciates ahead of US CPI
The Australian Dollar depreciates as US Dollar continues to strengthen amid optimism around the Trump trades. Australia's Wage Price Index increased by 3.5% YoY in Q3, down from a 4.1% rise in Q2. The US Consumer Price Index data release will be … [Continue reading]
USD/INR strengthens on persistent outflows, firmer US Dollar
The Indian Rupee softens in Wednesday’s Asian session. Strong USD demand and considerable foreign institutional outflows weigh on the INR. Traders await the US October CPI inflation data on Wednesday for fresh impetus. The Indian … [Continue reading]
NZD/USD Price Analysis: Pair resumed downfall, nearing oversold levels
NZD/USD fell 0.68% to 0.5925 on Tuesday. Pair resumed its downfall, hitting the lowest low since August 5. The near-oversold levels of the RSi might trigger an upwards correction. The NZD/USD pair extended its decline on Tuesday, falling by 0.68% to … [Continue reading]
Dow Jones Industrial Average trims gains on Tuesday
The Dow Jones is taking a breather as bids hold just above 44,000. Post-election rally pauses, but with little retracement on the cards. US CPI inflation data due Wednesday to drive momentum. The Dow Jones Industrial Average shed a scant 200 points … [Continue reading]