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Forex
25,405 pivot breaks, 24,774 support tested
Price is leaning on the 25,051–24,774 support band; a reclaim of this level may reset the structure, while acceptance below 24,774 risks a deeper lower-structure rotation.Nasdaq…
Bank of Korea to manage volatility – Commerzbank
The Korean Won is under pressure despite a benign macro backdrop, with recent GDP data showing contraction. The Bank of Korea is expected to maintain its policy rate amid rising…
Canadian Dollar holds steady after US ADP data disappoints
The Canadian Dollar (CAD) held steady against the US Dollar (USD) on Wednesday, trading just below 1.3700 as markets adjusted to the end of the partial US government shutdown and…
Gold dips 1% as US Dollar firms, mixed US data and calm geopolitics weigh
Gold price retreats during the North American session on Wednesday, down more than 1% after reaching a three-day high of $5,091. A mixed market mood and modest US Dollar strength…
Fiscal concerns may be overplayed – TD Securities
In their latest report, TD Securities analysts Prashant Newnaha and Alex Loo argue that fears surrounding Japan's fiscal outlook are exaggerated. They highlight that Japan's Gross…
Inflation undershoots ahead of ECB meeting – ABN AMRO
The preliminary estimate for January Eurozone HICP inflation eased to 1.7% y/y, down from 1.9% in December, aligning with expectations. Core inflation also fell to 2.2% y/y. The…
SAP SE tests its line in the sand after 43% plunge
SAP SE (SAP), the German enterprise software giant powering business operations for companies worldwide, finds itself at a defining technical moment. After peaking near $285 in…
S&P 500 trouble, but Nasdaq
S&P 500 found trouble not too long after the opening bell – retail rug pull a la Thursday came. So did the rebound off the proximity of Thursday‘s lows, which were exactly…
Outlook remains cautious – TD Securities
TD Securities analysts anticipate that the Bank of England's Monetary Policy Committee will maintain the Bank Rate at 3.75% with a 6-3 vote. The report highlights that the…
Employment data expected to miss – TD Securities
TD Securities' Global Strategy Team provides insights on upcoming US employment data, predicting below-consensus estimates for both ADP employment and ISM services. The report…