ASX 200 higher by 0.1% in early trade | Forexlive

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Mexican Peso climbs despite Banxico’s rate cut

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Mexican Peso on the offensive, boosted by Banxico’s decision. Banxico reduces its key rate to 10.25%, citing progress in the disinflation process despite higher inflation risks. US inflation data hints at halted disinflation, potentially influencing Fed’s future decisions. The Mexican Peso appreciates against the US Dollar on Thursday after the Bank of Mexico (Banxico) decided […]

Barclays: ‘We envisage sustained dollar resilience with bullish momentum into 2025.’ | Forexlive

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‘Barclays expects the USD to maintain its resilience and bullish momentum through 2025, driven by strong US economic momentum and market adjustments in the Fed’s rate expectations. President-elect Trump’s proposed trade and fiscal policies add further support, outweighing modest Chinese economic stimulus efforts. Key Points: US Economic Momentum and Fed Rate Expectations: Economic strength in […]

United States EIA Crude Oil Stocks Change registered at 2.089M above expectations (1.85M) in November 8

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Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]

UBS raises USD/JPY forecast, says another jump to 160 is possible By Investing.com

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Investing.com — UBS has raised its forecast for the in a note Thursday, expecting significant fluctuations in the exchange rate over the coming year. The bank now projects the currency pair to reach 155 by December 2024, followed by 152 in March 2025, 150 in June, and 147 in September. By year-end 2025, UBS targets 145, […]

Sterling squashed by dollar steamroller, traders watch out for Reeves’ speech By Reuters

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LONDON (Reuters) – The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency’s relentless rise following Donald Trump’s U.S. election victory. Those developments are swamping British news for investors, although they will be keeping an eye on finance minister Rachel Reeves’ first Mansion House speech […]

NZDUSD Technical Analysis – We are testing a key support zone | Forexlive

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Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically […]

INR: A further uptick in inflation – Commerzbank

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Headline inflation in October climbed to 6.2% yoy vs 5.5% in September. This was the first time inflation rose above the upper end of RBI’s 2-6% target range since August 2023. Food and beverage prices, 46% of the weight in the CPI index, were once again the main driver, mainly due to higher vegetable prices, […]

Dollar climbs to one-year peak; Powell’s speech in focus By Investing.com

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Investing.com – The U.S. dollar pushed further higher Thursday, climbing to a one-year peak after consumer inflation data raised doubts over the extent of Fed interest rate cuts, while Donald Trump started filling the key positions in his new administration.  At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket […]

Why is the euro falling and could it hit $1? By Reuters

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LONDON (Reuters) -The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike in tariffs that could deal a fresh blow to the euro zone economy. At around $1.05, the euro has slumped 6% from more than one-year highs […]

Bears pounce on Asian currencies on Trump tariff concerns: Reuters poll By Reuters

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By John Biju and Sameer Manekar (Reuters) – Investors sharply ramped up their short bets on Asian currencies and turned bearish on the Singapore dollar for the first time since early July on rising concerns that the U.S. President-elect Donald Trump’s policies would erode the attractiveness of risk-sensitive emerging market assets. Short bets emerged on […]