Japanese GDP Strained by Rising Inflation and BoJ Spurs Hawkish Bets
Business and consumer spending suffered in Q3 as rising inflation weighs on real wages. BoJ officials provided more detail on what future policy may look like, lifting JPY
AUD Forecast: Australian Households Managing Tough Financial Conditions, RBA’s Brischetto
AUD prices held onto yesterday’s gains after the RBA’s Brischetto praised the ability of Australian households to meet financial obligations in difficult circumstances.
US Jobs Report Preview: What’s Next for Gold, US Dollar, Yields & Nasdaq 100?
Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the November U.S. nonfarm payrolls report, as the employment data can have a direct impact on the market’s assessment of the Federal Reserve’s monetary policy path.
Euro Price Action Setups: EUR/USD, EUR/GBP Post GDP Revision
The Euro enjoyed a productive day despite poor fundamental data. Can the gains continue heading into next week’s ECB meeting?
Oil Price Forecast: $70 a Barrel Holds Firm as China Adds to Demand Concerns
Oil prices continue to slide on Chinese demand and import concerns. Is the YTD low at risk of a retest?
Gold Prices on Edge ahead of Key US Jobs Data, Trade Setups on XAU/USD
This article focuses on the technical and fundamental outlook for gold, analyzing important price levels that should be on every trader’s radar ahead of the November U.S. nonfarm payrolls report.
ZAR Price Update: Rand Capitalizes on Weaker USD
Rand prices attempt to claw back recent losses against the US dollar today as markets prepare for tomorrow’s NFP report.
Dow Edges Lower, while Nasdaq 100 and CAC40 Mixed
While the Dow is holding on to its recent gains, the Nasdaq 100 is unable to establish a clear direction. The CAC40 has tested trendline resistance from the April highs.
EU Breaking News: EU GDP Revised Lower, Confirming Stagnant Growth
Europe’s growth prospects were pessimistic ahead of the third estimate for the GDP – a statistic that has edged even lower to confirm stagnant GDP growth from a year ago
Japanese Yen Latest – USD/JPY Posts a Fresh Three-Month Low on BoJ Talk
Mixed messages from the Bank of Japan this week over the future course of monetary policy is boosting the Japanese Yen against a range of currencies