Aussie edges up 0.33%, consolidating around 0.6200. Markets digest US PCE data for policy cues. Fed is seen holding rates steady in early 2025. The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal … [Continue reading]
United Kingdom CFTC GBP NC Net Positions dipped from previous £27.1K to £21.6K
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]
United States CFTC S&P 500 NC Net Positions up to $-39.9K from previous $-83.3K
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]
United States CFTC Oil NC Net Positions climbed from previous 190.1K to 230K
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]
US Dollar eases amid profit-taking and year-end positioning
DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), … [Continue reading]
Crude Oil slides for a fifth day this week on Fed rate concerns
Oil prices set for a weekly loss in this final normal trading week of 2024. The hawkish message from the Fed on rate cuts for 2025 has scared investors away from commodities. The US Dollar Index did hit a two-year high for a third day … [Continue reading]
Pound Sterling faces pressure on moderate UK Retail Sales growth
The Pound Sterling faces pressure as gorowth in the UK Retail Sales data for November came in lower than anticipated. A higher number of BoE officials voted for an interest rate cut on Thursday, boosting dovish bets for 2025. Investors await the … [Continue reading]
EUR/USD struggles near 1.3060 area, just above two-year low ahead of US PCE data
EUR/USD consolidates in a range just above a two-year low touched earlier this month. The ECB’s dovish outlook is seen undermining the shared currency amid a bullish USD. Traders await the US PCE data – the Fed’s preferred inflation gauge – for … [Continue reading]
Mexican Peso retraces as Banxico eyes further easing in 2025
Mexican Peso advances as Banco de Mexico reduces rates in line with forecasts. Banxico reduced the main reference rate to 10%, highlighting Q3 economic growth and inflation to reach the target in Q3 2026. USD/MXN set for uncertainty as Fed's hawkish … [Continue reading]
Cardano Price Prediction: Bearish signal emerges as ADA eyes rebound to $1.20
Cardano price tumbled below $1 on Thursday as prospects of fewer Fed rate cuts in 2025 triggered a sharp market-wide sell-off. Large transaction volumes have declined by $13 billion between December 2 and December 18, signaling disinterest among … [Continue reading]