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Forex
Fed’s Goolsbee: Rates need to come down a fair amount over next year
Chicago Federal Reserve President Austan Goolsbee said on Tuesday said he sees interest rates needing to come down a "fair amount" over the next year as rates…
Japanese Yen struggles to gain ground ahead of Jibun Bank Services PMI data
The Japanese Yen loses ground amid the stronger USD in Wednesday’s early Asian session.
Growing expectations of the BoJ rate hike in December and…
Australia Gross Domestic Product growth expected to tick up as markets rule out rate cuts until 2025
Australian Gross Domestic Product is foreseen to be up by 1.1% in Q3 compared with the same quarter a year earlier.
The Reserve Bank of Australia will…
Gold surges, overcomes US yield jump post JOLTs data
Gold is up 0.28%, boosted by soft US Dollar and shrugging off positive US job data.
Friday's Nonfarm Payrolls data could influence the Fed's rate decision.…
The SP500 is almost at $6060. What’s next?
Using the Elliott Wave (EW) for the SP500 (SPX), we found three weeks ago that
“if the index can stay at least above SPX5880, and especially last week’s low…
Mexican Peso rises on weak US Dollar, ignores strong US data
Mexican Peso gains 0.25%, buoyed by strong employment figures and general USD weakness.
Despite positive US JOLTs data, Banxico's willingness for bigger…
Pound Sterling Price News and Forecast: GBP/USD stalls below 1.2700 amid dismal UK retail sales
The Pound Sterling climbed modestly against the US Dollar on Tuesday, yet it failed to decisively clear the 1.2700 figure for the third consecutive trading…
EUR/USD Price Analysis: Pair stabilizes around 1.0500
The EUR/USD found support around 1.0500 after falling by more than 1% to open the week.
Buyers should focus on recovering the 20-day SMA.
The are still no…
Dow Jones Industrial Average cools off as record rally takes a pause
The Dow Jones eased down around 200 points on Tuesday.
Despite an upbeat JOLTS print, equities have eased off their recent rally.
A packed data docket…
Gold declines after release of higher-than-expected US JOLTS Job Openings
Gold falls after the release of higher-than-expected job openings data from the US
The precious metal had been rising after Fed speakers indicated they…