AUD/USD trades around 0.6535 on Friday at the time of writing, virtually unchanged on the day. Despite several attempts to extend its recent rebound, the Australian Dollar (AUD) struggles to maintain upward momentum, even as stronger-than-expected inflation continues to delay expectations of Reserve Bank of Australia (RBA) easing and revives the risk of another rate hike. The AUD benefited…
Professional trading isn’t just a quick morning routine. It involves hours of analysing charts, managing positions, and staying mentally sharp in a fast-moving environment. And while beginners often focus exclusively on a strategy, seasoned traders know that your workspace directly influences how well you think, react, and stay disciplined. Recent studies underline this more clearly than ever. A 2024…
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as traders respond to Canada’s Q3 Gross Domestic Product (GDP) rebound. At the time of writing, USD/CAD is trading around 1.3984, extending losses for a fourth consecutive day as broad Greenback weakness keeps the pair under sustained downside pressure. Statistics Canada reported that the economy expanded modestly…
Fundamental Overview Gold continues to slowly push upwards amid the higher December Fed rate cut odds. The recent US labour market data came in on the softer side, which should keep the upward momentum intact into the FOMC meeting. Looking ahead, everything will depend on the Fed’s forward guidance and the following NFP/CPI reports. A more dovish Fed guidance…
S&P 500 continued rising also through the Wednesday‘s regular session, much to clients‘ satisfaction – so lasting are the consequences of refusal to decline on poor retail sales and PPI Tuesday, that not even three white soldiers on ES daily stood a chance. Check out Wednesday‘s super extensive analysis feat. 8 charts in its full version, unlocking premium insights…
Considering the timing and circumstance, I wouldn’t read too much into the moves we’re seeing today. Not only is it month-end but also liquidity conditions are more sapped amid the Thanksgiving holiday break. Sure, US markets are open for a half-day today but it doesn’t take away from the fact that most flows will have already been settled before…
Bitcoin, Ethereum and Ripple are struggling to sustain their recovery on Friday, reflecting a sticky bearish sentiment. Since the October 10 flash crash, which liquidated over $19 billion in crypto assets in a single day, retail interest in crypto assets has been significantly suppressed.
Headlines: Markets: JPY leads, NZD lags on the day European equities slightly higher US 10-year yields down 0.6 bps to 3.992% Gold up 0.4% to $4,174.74 WTI crude oil up 0.7% to $59.08 Bitcoin up 0.1% to $91,519 You wouldn’t blame anyone for not wanting to stay at their desks today, not least with the Thanksgiving holiday still running…
EUR/CAD trades around 1.6180 on Friday at the time of writing, down 0.50%, as macroeconomic developments strengthen the Canadian Dollar (CAD) while leaving the Euro (EUR) lacking momentum. The European currency reacts to mixed data, whereas the Canadian economy showed a stronger-than-expected recovery in the third quarter. In the Eurozone, Friday’s releases paint a contradictory picture. In France, the…
Prior +2.3% HICP +2.6% vs +2.4% y/y expected Prior +2.3% Core CPI Y/Y 2.7% vs 2.8% prior The headline figure is unchanged from the prior month which is what was expected after the unchanged state readings released earlier in the session. The ECB targets the HICP, which jumped to 2.6% from 2.3% in the prior month. The Core CPI…
