Nichol
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Japan's Tankan was uninspiring and UK disappoints with contracting economy in October
Overview: The US dollar is mixed against the G10 and emerging market currencies to finish out the week. Among the G10, sterling and the yen are the heaviest. Japan's Tankan survey was unimpressive and does nothing to reanimate speculation of a BOJ rate hike next week. Sterling has been dragged down
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GBP/USD outlook: Cable dips further after weak UK data, consolidation may precede fresh push lower
GBP/USD GBPUSD fell further on Friday, holding in red for the third consecutive day, driven by stronger dollar and additionally pressured by unexpectedly weak UK Oct GDP numbers. Fresh weakness tested support at 1.2618 (last week’s low / 100WMA) and pressure nearby Fibo support at 1.2610 (61.8% retr
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Gold price nears $2,700 as rate cut expectations fuel rally
Gold prices surge toward $2,700, supported by strong market anticipation of a Fed rate cut this December. US small business optimism rises, yet traders await crucial US CPI and PPI data later this week. Speculation about China's central bank Gold purchases and political changes in Syria also influen
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Markets today brace for the November Payrolls report
Markets Rassemblement National’s Le Pen in interview with Bloomberg caused a sigh of relief across markets. After supporting the motion of no confidence that brought down the Barnier government, she’s opened up to any new Prime Minister as long as he/she presents a budget that pencils in a “reasonab
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Gold shows consolidation patterns ahead of US Nonfarm Payrolls
Gold market remains uncertain as the US dollar and Treasury bond yields recover. This follows Fed Chair Jerome Powell’s optimistic comments at the DealBook Summit. Powell said the economy is growing faster than expected, with slightly higher inflation. His remarks boosted Wall Street hopes for a "so
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Think ahead: Huddle – We need to talk about the fifth quarter
James Smith reckons American football offers the perfect analogy for central banks. Only problem? He hasn’t the foggiest idea how the sport works. Take a time out, grab yourself a corndog and read on as he and the rest of the team look ahead to another important week for financial markets. Think ahe
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AUD/JPY rebounds above 98.00 on positive risk tone
AUD/JPY holds positive ground around 98.30 in Thursday’s early European session. Japan’s foreign stock investments fell by ¥446B, weighing on the Japanese Yen. The hawkish expectations of the RBA provide some support to the Aussie. The AUD/JPY cross recovers some lost ground to near 98.30, snapping
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GBP/USD: BoE DG reiterates caution on policy outlook – Scotiabank
The Pound Sterling (GBP) is modestly higher on the session, tracking its G10 peers for the most part. BoE DG Lombardelli reiterated her caution on the policy outlook in an interview with the FT, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP gains modestly “The latest comments go a little
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US stocks rocketed to new all-time highs
Markets US stocks have rocketed to new all-time highs, fuelled by easing geopolitical tensions and a robust 5-year Treasury auction that attracted the highest level of direct bidding in a decade. This surge comes as US investors deftly navigate the tremors of recent tariff announcements. Moreover, t
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