FX

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 awaits investors in the runup to Friday’s NFP. The Dow Jones Industrial Average (DJIA) pared back recent gains again on Tuesday, declining 200 points at its lowest despite a

EUR/USD trades in negative territory for the second consecutive day near 1.0490 in Tuesday’s early European session.  Growing concerns about a possible government collapse in France undermine the Euro.  US Manufacturing PMI came in stronger than expected in November.  The EUR/USD pair loses ground to around 1.0490 during the early European session on Tuesday. The

Cyber Monday has begun as American shoppers peruse Amazon.com for holiday deals. Adobe Analytics estimates that holiday online sales will rise more than 8% compared to 2023. Dow Jones sinks despite gains from AMZN and Boeing on Monday. Amazon founder Jeff Bezos made an investment in an Nvidia AI chip competitor. Amazon (AMZN) stock has gained

FX option expiries for Dec 2 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.0550 828m 1.0600 847m 1.0625 2.3b 1.0700 1.5b GBP/USD: GBP amounts      1.3000 790m USD/JPY: USD amounts                      150.00 705m 152.00 590m 152.50 490m AUD/USD: AUD amounts 0.6500 404m

Silver posts a 1.33% gain on Friday, yet records a weekly loss of 2.30%. Technical outlook neutral with a potential bullish pivot if Silver clears $31.00 resistance. Downward risk persists if Silver falls below $30.35, targeting next support at $30.00. Silver price advanced on Friday and finished the session with gains of over 1.33%, yet

Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso’s outlook. President Sheinbaum optimistic about averting Trump’s proposed 25% tariffs, bolstering MXN stability. The Mexican Peso appreciated against the US Dollar during the North American session as the Greenback extended

Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold’s safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects. Gold’s price advanced late during the North American session on Friday,

GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside

The US Dollar off the lows for this Friday with markets nervous on France’s budget talks possibly toppling the government. Monday’s opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for

The Indian Rupee weakens near a record low in Friday’s early European session.  A negative trend in domestic equities and rising USD demand from importers weigh on the INR.  India’s Federal Fiscal Deficit for October and GDP growth data for Q2 FY25 will be released later on Friday.  The Indian Rupee (INR) extends its decline

GBP/USD Price Forecast: Consolidates near weekly highs on Thanksgiving The GBP/USD consolidates at around weekly highs, posting modest losses of 0.05% at around 1.2670 due to thin liquidity conditions as US markets remain closed for Thanksgiving. Read More… Pound Sterling falls against USD with thin trading volume on Thanksgiving Day The Pound Sterling (GBP) dropsto near 1.2660

USD/CAD struggles to gain any meaningful traction, though the downside remains limited. Rebounding US bond yields help revive USD demand and act as a tailwind for the major.   Weaker Oil prices undermine the Loonie and also lend support amid Trump’s tariff threats. The USD/CAD pair remains on the defensive for the second straight day

GBP/USD Price Forecast: Surges to four-day peak, above 1.2600 The Pound Sterling rallied to a four-day peak against the US Dollar at 1.2667 as market participants shrugged off Trump’s tariffs threats, which sparked a flight to safety on Tuesday. At the time of writing, the GBP/USD trades at 1.2646, above its opening price by 0.64%. Read

The Australian Dollar gains ground as the US Dollar remains subdued amid bond market optimism. Australia’s Monthly Consumer Price Index remained consistent at a 2.1% rise YoY in October, against an expected 2.3% increase. November’s FOMC Meeting Minutes indicated that policymakers are adopting a cautious stance on rate cuts. The Australian Dollar (AUD) halts its

GBP/USD Price Forecast: Recovers after diving to 1.2500 on Trump’s remarks The Pound Sterling recovered some ground following remarks of US President-Elect Donald Trump late on Monday afternoon, in which he said that once he takes office on January 20, he would impose 25% tariffs on Canada and Mexico and 10% on all Chinese products. This

Silver prices fell by nearly 3% on Monday following reports that Israel and Hezbollah are reaching a ceasefire agreement. President-elect Donald Trump plans to impose tariffs on imports from Mexico, Canada and China. The non-yielding Silver struggled due to bond market optimism following the selection of Scott Bessent as the US Treasury Secretary. Silver price

Gold declines over $50 on Monday after Axios news reports that Israel and Hezbollah have reached a ceasefire agreement. Gold had already fallen after Donald Trump chose Scott Bessent to be his US Secretary of the Treasury.  Bessent is a seasoned Wall Street professional and is viewed as a safe pick by markets, reducing haven flows to

USD/CAD weakens to near 1.3945 in Monday’s Asian session.  Scott Bessent’s nomination as US Treasury Secretary weighs on the USD.  Canada’s Retail Sales rose 0.4% MoM in September, as expected.  The USD/CAD pair drifts lower to around 1.3945 during the Asian session on Monday. The weakening of the US Dollar and lower US Treasury bond