In the European session, the highlights will be the inflation data from the major Eurozone economies. We have in order France, Spain, Italy and Germany. The data shouldn’t change anything for the ECB at the moment, but big deviations could still be market-moving. In the American session, we just have the Canadian GDP. The BoC has ended its easing…
Gold (XAU/USD) struggles to capitalize on the Asian session positive move to a two-week top and remains below the $4,200 mark amid mixed fundamental cues. The increasing likelihood of another interest rate cut by the US Federal Reserve (Fed) in December turns out to be a key factor that continues to benefit the non-yielding yellow metal. The intraday move…
EUR/GBP has pulled back down to a MAJOR area of interest! Are we looking at the best place to jump into EUR/GBP’s longer-term uptrend? We’re checkin’ out the 4-hour time frame: EUR/GBP 4-hour Forex Chart by TradingView Improved risk sentiment and a bit of profit-taking after the anticipated U.K. Autumn Budget release pushed traders back into the British pound…
Westpac sees Australia’s Q3 GDP accelerating, led by strongest domestic demand since 2012 A stronger domestic-demand profile and improving productivity could modestly lift AUD sentiment and trim near-term RBA easing expectations further investingLive Exclusive 18m ago
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 American counterpart. Investors remain worried about Japan’s deteriorating fiscal condition on the back of the government’s massive economic package, which had been a key factor behind the recent spike in…
EUR/CHF just broke above its descending trend line and appears to be climbing above its double bottom neckline, too! How high can it go from here? Take a look at these potential upside targets on the 4-hour time frame. EUR/CHF 4-hour Forex Chart by TradingView This euro pair appears to be bracing for a major reversal after breaking above…
This data release is from the Reserve Bank of Australia: Housing credit strong, as usual, but business credit rising more strongly. Inflation data from Australia will keep the RBA on hold for a good while. The prospect of a rate rise being the next change cannot be ruled out. NAB’s Auld: RBA may need to hike rates by early…
South Korea Industrial Output (YoY) declined to -8.1% in October from previous 11.6%
S&P Global Ratings has cautioned that the UK’s public finances remain under considerable strain, despite the revenue-raising steps outlined in the Autumn 2025 Budget. The agency said structural spending pressures and muted growth mean fiscal stress is likely to persist through the medium term. S&P described the UK’s fiscal position as “vulnerable,” calling it one of the key constraints…
Ethereum has hit a major scaling milestone after validators reached a consensus to push the mainnet’s block gas limit to 60 million. Without needing any hardfork (or a major network upgrade), the new gas limit became the default automatically on Tuesday, after over 50% of validators favoured the increase, according to data from GasLimit.Pics.
