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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

These are the main takeaways of the CFTC Positioning Report for the week ending November 5. – Speculators remained net sellers of the Japanese Yen for the second consecutive week, increasing their net shorts to approximately 44.1K contracts. At the same time, non-commercial traders added to the previous week’s net longs, reaching around 47.3K contracts,

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: BoJ Summary of Opinions. (US Holiday) Tuesday: UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, Fed’s SLOOS. Wednesday: Japan PPI, Australia Wage Price Index, US CPI. Thursday: Australia Labour Market report, UK GDP, Eurozone Employment Change and Industrial Production, US PPI, US Jobless Claims, Fed Chair Powell. Friday:

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 SEC delayed its verdict on the NYSE’s proposal for options trading on Ethereum ETFs. The delay is due to the SEC examining whether the NYSE’s proposal meets Exchange Act requirements. BlackRock’s iShares Bitcoin Trust recorded $1.1 billion in the largest-ever BTC ETF inflow. In a filing on Friday, the Securities & Exchange Commission (SEC)

Markets: S&P 500 up 0.4% WTI crude oil down $1.88 to $70.48 Gold down $24 to $2683 US 10-year yields down 4 bps to 4.30% JPY leads, AUD lags China set the table for US markets on Friday as the stimulus announcements disappointed, leading to a 5.5% decline in US-listed China ETFs and a slump

The NZD/USD got rejected by the 20-day SMA by the fourth time this week. Technical indicators point to increasing selling pressure and decreasing buying pressure. A breakout from the 0.5940-0.6030 range will confirm a bearish outlook. In Friday’s session, the NZD/USD declined by 1.05% to 0.5960, continuing its downward trend as the pair got rejected by

John Paulson An earlier report highlighted John Paulson and Scott Bessent as possible candidates for Treasury Secretary and now Reuters sources say those are the leading candidates. I wrote about Paulson earlier in the week and emphasized that he’s a major gold bull. Now, I don’t know that he’s going to advocate adding to US

Bitcoin price hit a new all-time high of $76,825 on Thursday, November 7, and continued to consolidate above the $76,000 level on Friday. On-chain data trends show unusually high demand for BTC among US-based traders on Coinbase over the past two weeks.  With the US Fed’s 25-basis-point rate cut further fuelling bullish momentum, is  BTC

The Canadian Dollar shed 0.4% against the Greenback on Friday. Canada saw a worse-than-expected print in net new jobs additions in October. Average Canadian wages also rose, maintaining upward pressure on inflation expectations. The Canadian Dollar flubbed a near-term technical recovery on Friday, slumping back into familiar lows against the Greenback. The Loonie remains under

When Trump autographed a stock chart Closing changes on the day: S&P 500 +0.4% – record close Nasdaq Comp +0.1% DJIA +0.6% Russell 2000 +0.7% Toronto TSX Comp -0.4% Closing changes on the week: S&P 500 +4.7% Nasdaq Comp +5.7% Russell 2000 +8.6% Toronto TSX Comp +2.1% Congratulations to everyone who held stocks through the

Dow Jones tapped 44,000 for the first time ever on Friday. Equities are extending a near-term bullish push to wrap up the trading week. UoM sentiment survey results came in much better than expected. The Dow Jones Industrial Average (DJIA) rose into fresh all-time highs on Friday, clipping into 44,000 as stocks lean firmly bullish

MUFG anticipates a resumption of USD appreciation over the coming months, following a brief pullback post-election. President-elect Trump’s strong mandate and planned policies on trade tariffs, tax cuts, and increased fiscal spending are expected to support higher yields and drive USD strength, particularly over the next 3-6 months. Key Points: Trump Policy Impact: Trump’s policies—tariffs,

Lighthizer US President-elect Trump has asked Robert Lighthizer to run trade policy once again, according to the FT. The report says Lighthizer had been asked to return to the top trade role even though he had lobbied for a different position, including commerce secretary and Treasury secretary. It’s not clear if he’s accepted the offer

Silver price retreats from $32.30 as investors expect Trump’s protectionist policies could force the Fed to turn hawkish on interest rates. Fed Powell doesn’t see any near-term impact of Trump’s policies on the interest rate path. China’s economic package failed to impress market participants. Silver price (XAG/USD) resumes its downside move after its recovery move

Once again, Beijing is finding out that they have a rather tough crowd to please. After the conclusion of the NPC meeting today, officials announced a ¥6 trillion plan to refinance local government debt (added context) as seen here. The figure there is as expected, matching the split of the supposed ¥10 trillion stimulus package

The Indian Rupee trends lower in Friday’s early European session.  The Indian equity selloff and the rise in crude oil prices continue to undermine the INR.  The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday. The local currency depreciated

Yuichiro Tamaki is a Japanese politician and the leader of the Democratic Party For the People Comment from him on the wires: Trump policies can intensify inflation in the US, push up the USD vs. the yen *** So can Tamaki’s comments by the look of it 😉 Tamaki’s comment fits with the expectations that

The Greenback came under pressure as investors cashed out part of Wednesday’s “Trump trade” robust gains, while the Fed delivered a largely telegraphed 25 bps rate cut and Chief Jerome noted that inflation keeps heading towards the 2% target. Here is what you need to know on Friday, November 8: Following Wednesday’s climb to multi-month

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

EUR/USD Current price: 1.0773 The Federal Reserve will announce its decision on monetary policy later in the day. The outcome of the US presidential election keeps affecting financial boards. The EUR/USD pair trimmed part of its recent losses, bullish potential remains limited. The EUR/USD pair managed to trim part of the US election-inspired losses and

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

GBP/JPY seesaws between tepid gains/minor losses as traders keenly await the BoE policy decision. Fears of a possible government intervention offer support to the JPY and caps the upside for the cross. The BoJ rate-hike uncertainty, along with the risk-on environment, keeps a lid on the safe-haven JPY. The GBP/JPY cross retreats a few pips

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 Dow Jones reached a new record high after Trump looks set to beat Harris into the White House. A decisive election result is tipping stocks into a frenzy on hopes for deregulation. The Dow Jones is up 3.6% for the week with banking stocks charging to the top. The Dow Jones Industrial Average (DJIA)

Mitch McConnell was asked about Trump tax cuts and said “I’m sure virtually all of us would like to see most of that extended”. McConnell also called for increasing defense spending. It all adds up to some big deficits. It’s not clear who will be the new Senate majority leader but three names that have

Bitcoin price today:$73,200 Bitcoin soars to a new all-time high of $75,407 on Wednesday as Trump wins the US presidential election. The technical outlook suggests that BTC’s next target could be the 141.40% Fibonacci extension level above $78,000. Reports show the so-called Trump trade – long positions in the US Dollar, crypto, and higher Treasury

Construction PMI 54.3 vs 55.5 expected and 57.2 prior. Key findings: Civil engineering remains best-performing category, followed by commercial work. Renewed decline in house building. Business optimism slips to ten-month low. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The construction sector signalled another month of solid output growth in October, despite

Gold price ticks lower on Wednesday as the USD surges to a four-month high. The Trump trade is back in play following the initial US election exit poll results.  Expectations for a spike in volatility lend support to the safe-haven XAU/USD. Gold price (XAU/USD) continues with its struggle to break through the $2,748-2,750 hurdle and