FX

The Dow Jones marked out familiar territory near 44,500. Equity traders were pushed into a cautious stance after a policy pivot from China. Investors will get a breather from high impact data until midweek CPI inflation figures. The Dow Jones Industrial Average (DJIA) churned near 44,600 as equities kick off the new trading week on

The Pound Sterling trades broadly stable against the US Dollar amid increasing bets that the Fed will cut interest rates by 25 bps on December 18. Fed Governor Michelle Bowman vowed to be cautious on interest rate cuts as price pressures are still elevated. Higher contributions by UK employers to the National Insurance norm in

The Dow Jones shed another third of a percent to wrap up the trading week. US NFP jobs figures came in above expectations, but the US Unemployment Rate also rose. Steep losses in key stocks are dragging the Dow Jones lower. The Dow Jones Industrial Average (DJIA) turned lower on Friday, shedding another 140 points

Amazon stock closes 2.94% higher at new all-time high. November NFP hits well above expectations on Friday. Amazon is still seeing positive vibes from its new AI chip. Amazon shares have risen in eight of last nine sessions. Amazon (AMZN) stock is up for the sixth consecutive session on Friday, a streak that began on

NZD/JPY fell to 87.48 on Friday, extending its weekly losses. Indicators are dangerously close to oversold conditions, signaling a potential correction. Bearish momentum remains intact, with risks of further downside. The NZD/JPY pair extended its decline on Friday, falling to 87.48 as selling pressure intensified. This marks a continuation of the bearish trend that began

The Canadian Dollar tumbled nearly nine-tenths of a percent on Friday. Canada added more jobs than expected, but the Unemployment Rate lurched higher. US NFP numbers also beat the street, but sticky wages keep inflation concerns elevated. The Canadian Dollar (CAD) tumbled into recent lows on Friday, getting pummeled back into the bottom end after

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted that while she believes it may be time for the Fed to begin slowing the pace of rate cuts, the Cleveland Fed head gave a nod to investors who are anticipating at least one more rate cut between now and the end of January. Hammack

The Japanese Yen is seen oscillating in a narrow trading band against the US Dollar on Friday. A softer risk tone, trade war fears, and geopolitical risks underpin benefit the safe-haven JPY.  The USD/JPY bears seem reluctant to place aggressive bets ahead of the key US NFP report. The Japanese Yen (JPY) struggles to capitalize

The US Dollar index plunged below its 20-day SMA, trading below 106.00. Soft labor market data seems to be pushing the buck lower. If economic data continue coming in soft, markets might continue to bet on a more dovish Fed. The US Dollar (USD) is under significant selling pressure on Thursday as markets gear up

Gold price ticks lower on Thursday amid a modest rebound in the US bond yields.  Geopolitical risks and trade war fears limit losses for the safe-haven XAU/USD. The USD bulls remain on the sidelines ahead of the key US NFP report on Friday.  Gold price (XAU/USD) sticks to its modest intraday losses during the early

The US Dollar whipsaws on Wednesday and turns red after both S&P and ISM Services release. Federal Reserve Bank of St. Louis President Alberto Musalem delivers hawkish comment.  Fed Chairman Powell is set to speak during the American session, likely adding volatility to the US Dollar Dollar Index.  The US Dollar (USD) is turning red

GBP/USD churns near 1.2700 GBP/USD churned chart paper just south of the 1.2700 handle on Tuesday, roiling bids as Pound Sterling traders grapple with a significant lull in meaningful UK-centric economic data and broader markets gear up for a fresh pass of US Nonfarm Payrolls (NFP) data due at the end of the week.  Bank

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