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Forex
Japanese Yen struggles for firm near-term direction; stuck in a range against USD
The Japanese Yen edges higher in reaction to an upward revision of Japan’s Q3 GDP.
The recent decline in the US bond yields undermines the USD and also…
EUR/USD weakens to near 1.0550 on ECB rate cut bets
EUR/USD loses traction to around 1.0550 in Monday’s Asian session.
Markets see a potential December rate cut by the Fed.
The ECB is anticipated to cut …
China’s CPI inflation eases to 0.2% YoY in November vs. 0.5% expected
China’s Consumer Price Index (CPI) rose at an annual pace of 0.2% in November after reporting a 0.3% growth in October. The market consensus was for a 0.5%…
AUD/USD holds positive ground near 0.6400 as traders await RBA rate decision
AUD/USD trades in positive territory near 0.6400 in Monday’s early Asian session.
US Nonfarm Payrolls was stronger than expected in November, rising by…
Australian Dollar plunges and approaches August lows
On Friday, AUD/USD dropped near its August lows at 0.6350, following the release of the US NFP report for November.
The US jobs report showed a much…
Fed’s Daly: We are ready to raise rates if inflation breaks out again.
Federal Reserve (Fed) Bank of San Francisco President Mary Daly cautioned markets on Friday, warning that despite data still leaning toward the Fed achieving…
NZD/USD Price Analysis: Pair plunges to 0.5830 after rejection at 20-day SMA
NZD/USD drops sharply on Friday, settling around 0.5830.
Pair faces strong resistance at the 20-day SMA, which remains unbroken.
Indicators show weakening…
Dow Jones Industrial Average declines further on Friday
The Dow Jones shed another third of a percent to wrap up the trading week.
US NFP jobs figures came in above expectations, but the US Unemployment Rate also…
Amazon stock notches sixth straight gain on Friday
Amazon stock closes 2.94% higher at new all-time high.
November NFP hits well above expectations on Friday.
Amazon is still seeing positive vibes from its…
NZD/JPY Price Analysis: Pair retreats to 87.50 as losses resume
NZD/JPY fell to 87.48 on Friday, extending its weekly losses.
Indicators are dangerously close to oversold conditions, signaling a potential correction.…