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Forex
Japanese Yen struggles as fiscal concerns overshadow Tokyo CPI
The Japanese Yen (JPY) ticks lower during the Asian session on Friday, despite mostly upbeat domestic data, and retreats further from the vicinity of a one-week top against its…
PBOC sets USD/CNY reference rate at 7.0789 vs. 7.0779 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0789 compared to the previous day's fix of 7.0779 and 7.0769 Reuters…
EUR/USD steady around 1.1600 as Fed cut bets weigh on Dollar
EUR/USD is flat on Thursday amid thin trading liquidity conditions as US markets are closed for Thanksgiving. Still expectations that the Federal Reserve might reduce borrowing…
GBP/USD steady at 1.3230 as UK budget offsets DXY pressure
GBP/USD steady at 1.3230 as UK budget offsets US Dollar pressureThe GBP/USD pair remains steady at around 1.3230 on Thursday as market participants digest the UK’s Autumn Budget…
Silver consolidates amid USD rebound, Fed rate cut anticipation
Silver (XAG/USD) drifts slightly lower on Thursday, trading around $53.25, down 0.15% on the day at the time of writing. The white metal remains range-bound amid thin liquidity…
Momentum improves as AUDUSD tests the 50- and 100-day SMA cluster
The Australian Dollar (AUD) remains on the front foot against the US Dollar (USD) on Thursday, as traders lean into expectations that the Reserve Bank of Australia (RBA) will keep…
Gold firms in muted trading amid rising conviction of Fed cut
Gold (XAU/USD) remains firm during the North American session on Thursday amid a low-volume trading session as US markets remain closed in observance of the Thanksgiving holidays.…
Focus shifts to inflation data in Japan and Germany
The US Dollar (USD) navigated an inconclusive range near recent lows, as volatility remained scarce and trade conditions thin in light of the Thanksgiving Day holiday on Thursday.…
USD/CHF steady amid Fed rate-cut bets, Swiss data anticipation
USD/CHF trades around 0.8050 on Thursday at the time of writing, virtually inchandeg for the day. The pair nevertheless remains under pressure as the US Dollar (USD) weakens…
Inflation outturns are feeding into expectations
External Bank of England (BoE) MPC Member Megan Greene spoke at the Goodbody Annual Equity Conference in Dublin on Thursday. She said that although inflation has stabilized, her…