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AUD/USD has formed an interim trough near 0.6440 last week and has staged an initial bounce, BBH analyst note. Recent pivot high at 0.6630/0.6685 is key resistance zone “Daily MACD is attempting cross above its trigger line denoting receding downward momentum. Ongoing bounce could persist towards upper band of a steep descending channel at 0.6590.” “The

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

Silver prices have appreciated following Ukraine’s launch of British Storm Shadow cruise missiles into Russia. Moscow has warned that using Western weapons to strike Russian territory far from the border would significantly escalate the conflict. Silver prices could face challenges due to a bleak outlook for the metal’s industrial use. Silver price (XAG/USD) retraces its

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 erases previous gains on global geopolitical developments and dovish comments from Banxico’s Governor. Victoria Rodríguez Ceja’s dovish stance on continued rate cuts reflects efforts to manage inflation amidst economic challenges. Geopolitical risks remain heightened as military actions in Ukraine influence USD/MXN’s volatility. The Mexican Peso erased some of Tuesday’s gains versus the Greenback

Headlines: Markets: USD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields up 5.1 bps to 4.429% Gold down 0.1% to $2,628.43 WTI crude up 0.5% to $69.76 Bitcoin up 1.4% to $93,583 The dollar is starting to perk up again in trading today, following a bit

The Mexican Peso trades mixed in its key pairs as markets absorb heightened geopolitical tensions and idiosyncratic factors. The Peso has completed five up days in a row on a more optimistic outlook and the expectation of interest rates remaining elevated in Mexico.  USD/MXN trades sideways within a larger rising channel, falling closer to support

UK core CPI year-on-year (%) The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which will be today and the

The USD/JPY pair extends the overnight turnaround from over a one-week low.  Fading safe-haven demand, along with the BoJ uncertainty, undermines the JPY.  Bets for a less aggressive Fed easing lend some support to the USD and the pair. The Japanese Yen (JPY) witnessed good two-way price moves on Tuesday and ended the day nearly

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

The US Dollar Index trades with mild gains around 106.20. DXY is favored by a combination of factors, including Putin’s threat on nuclear weapons usage. Fed officials have cooled on aggressive easing with Powell downplaying the need to be hasty. The US Dollar Index (DXY), which measures the value of the USD against a basket

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

Bank of England (BoE) policymaker Catherine Mann testifies on the November Monetary Policy Report (MPR) before the UK Parliament’s Treasury Select Committee (TSC) on Tuesday.  Key quotes Forward-looking price and wage indicators have been flat and above target for 4 months, raising the risk of inflation persistence. Financial markets’ inflation expectations suggest boe will not

The dollar is lightly changed but sitting a little more mixed as we look towards European morning trade today. USD/JPY is once again the notable mover as it slides back down towards the 154.00 level in Asia. The pair is holding lower as Treasury yields are also seen pulling back a little to start the

An official at the National Development and Reform Commission (NDRC), China’s state planner, said on Tuesday that “China has ample policy room and tools to support economic recovery.” The NDRC official said he “expects China’s economy to sustain recovery momentum in November and December.” Market reaction At the time of writing, AUD/USD is trading modestly

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

MicroStrategy announced that it had acquired 51,780 Bitcoin for $4.6 billion. The company purchased the tokens at an average price of $88,627 per BTC. MicroStrategy now holds 331,200 Bitcoin tokens. Business intelligence firm MicroStrategy announced on Monday that it has purchased an additional 51,780 Bitcoin worth $4.6 billion, at an average price of $88,627 per

Headlines: Markets: JPY lags on the day European equities slightly lower; S&P 500 futures flat US 10-year yields up 3.2 bps to 4.473% Gold up 1.1% to $2,591.13 WTI crude up 0.5% to $67.33 Bitcoin up 0.5% to $90,295 It was a quiet session with few headlines and meaningful data to get markets excited to

USD/CAD is seen consolidating its recent strong move up to the highest level since May 2020. An uptick in Oil prices underpins the Loonie and caps the pair amid a modest USD weakness. The fundamental backdrop supports prospects for a further appreciating move for the major. The USD/CAD pair enters a bullish consolidation phase at

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

European Central Bank (ECB) board member Piero Cipollone said on Friday that central bank should cut interest rates further to support the recovery in the Eurozone and also in the face of potential new trade tariffs in the US, per Reuters. Key quotes The pace and extent of reduction will depend on data. Developments remain

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

UPCOMING EVENTS: Monday: US NAHB Housing Market Index. Tuesday: RBA Meeting Minutes, Canada CPI, US Housing Starts and Building Permits. Wednesday: PBoC LPR, UK CPI, Eurozone Wage Growth. Thursday: Canada PPI, US Jobless Claims. Friday: Australia/Japan/EU/UK/US Flash PMIs, Japan CPI, UK Retail Sales, Canada Retail Sales. Tuesday The Canadia CPI Y/Y is expected at 1.9%

Credit Agricole argues that despite similarities, 2025 will not be a redux of the USD’s 2018 rally driven by Trump-era policies. Differences in economic conditions, monetary policy, and the USD’s current strength suggest that the dynamics underpinning the dollar’s movement will differ significantly from 2018. Key Points: Divergent Economic and Monetary Conditions: In 2018, strong

VanEck’s Mathew Sigel suggests that the odds of a Solana ETF approval are very high. BlackRock’s Robert Mitchnick stated that the firm is not interested in crypto products other than Bitcoin and Ethereum. The new SEC administration will play a key role in driving support for newer crypto ETFs. Solana (SOL) made the rounds across

Cardano price today: $0.6830 ADA’s rally could be due to rumors of the federal government leveraging Cardano to build a blockchain-based election voting system. ADA’s exchange flows, and open interest shows increased appetite among bullish investors. ADA could rally to $0.8104 after bouncing off the 14-day EMA. Cardano (ADA) is up 18% on Friday following

Markets: Gold down $4 to $2562 US 10-year yeilds up 2 bps to 4.44% WTI crude oil down $1.71 to $66.99 S&P 500 down 1.3% JPY leads, GBP lags There wasn’t a tidy narrative on Friday as trading started out with a ‘sell everything’ mode before bonds made something of a comeback. Still, it was

The shine of the election has run into uncertainty about tariffs and elevated P/Es. Pretty much all the gains after the open on post-election morning are now gone and the S&P 500 is now threatening the opening gap while the Nasdaq has already taken a decent bite. Trump’s cabinet picks are leaning heavily on “promises

NZD/USD pair traded volatile during Friday’s session, clearing all of its daily gains. Pair initially soared to a high around 0.5970 near the 20-day SMA before erasing all the gains towards 0.5850. The RSI signaled that buying pressure recovered as it neared the oversold area with a rise in slope. The NZD/USD saw a volatile

Silver struggles to maintain momentum, hovering near the 100-day SMA at $30.34 with a downward bias. Potential further decline could see silver test key supports at $30.00 and the 200-day SMA at $28.63. A rebound above $31.00 could challenge higher resistances, targeting the 50-day SMA at $31.51 and beyond. Silver’s price fell over 0.70% beneath