Browning

RBA has shifted to a less hawkish monetary policy stance. The interest rate swaps market has started to price in a higher chance of the first RBA interest rate cut to come in February 2025. The 2-year and 10-year yield spreads between Australian government sovereign bonds and US Treasuries continued

The Euro bounces up from two-year lows with the GBP tumbling after weak UK data. UK GDP contracted for the second consecutive month in November. The diverging forward guidance of the ECB and the BoE has kept the Euro vulnerable. The Euro is rallying for the second consecutive day on Friday and appro

WTI oscillates in a narrow trading band and is influenced by a combination of diverging factors. Concerns about slowing fuel demand and increasing supply act as a headwind for the commodity. Geopolitical risks remain in play and hold back bears from placing bets around the black liquid. West Texas I

Australian Dollar recovery has met resistance at 0.6435, and a steady USD is weighing on Aussie's upside attempts. Strong Australian employment figures accelerated AUD's recovery earlier today. US PPI and Jobless claims data is expected to reiterate the US economic exceptionalism and support the Dol

Euro (EUR) is unlikely to weaken much further; it is more likely to trade in a 1.0475/1.0535 range. In the longer run, current price movements are likely part of a range trading phase, expected to be between 1.0465 and 1.0610, UOB Group’s FX analyst Quek Ser Leang and Lee Sue Ann note. EUR expected

The Travelers Companies, Inc., TRV, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Weekly TRV Chart July 2024 In July, we saw a rally as expecte

EUR/USD drops to near 1.0530 as investors await key events including US inflation and the ECB policy meeting. The ECB is widely anticipated to cut its Deposit Facility Rate by 25 bps to 3% on Thursday. Economists expect US annual core CPI to have grown steadily by 3.3% in November. EUR/USD slides to

Sentiment in Chinese equities reversed suddenly to a significantly more bullish state after the Politburo – which is the highest-decision making bodies within the Communist Party – pledged to embrace a ‘moderately loose’ monetary policy in 2025. This is a meaningful dovish shift from the ‘prudent’ s

The US Dollar (USD) got a little softer against most currencies on Monday after Chinese policymakers said they would boost consumption ‘forcefully’, ING’s FX analyst Chris Turner notes. DXY to face support at 105.40/60 “USD was a little softer against most currencies on Monday after Chinese policyma

South Korea’s finance ministry, Choi Sang-mok, said on Tuesday that the recent volatility in the country's financial and foreign exchange markets is "excessive" given the nation's strong economic fundamentals. "Although volatility in the financial and foreign exchange markets has increased, it appea

Short Term Elliott Wave in American Airlines (AAL) suggests that rally from 11.6.2024 low is in progress as an impulse. Up from 11.5.2024 low, wave ((i)) ended at 15.13 as the 1 hour chart below shows. Pullback in wave ((ii)) unfolded as a double three Elliott Wave structure. Down from wave ((i

EUR/USD EURUSD is consolidating under new one-week high, posted after Thursday’s 0.8% jump. Fresh advance broke again above Fibo resistance at 1.0563 (38.2% of 1.0936/1.0332), after last week’s recovery stalled at this zone, despite registering a weekly close above 1.0563. Signals on daily chart are

NZD/USD plunges below 0.5850 amid dismal risk tone and firm RBNZ dovish bets. The US Dollar edges higher ahead of the US NFP data for November. Economists estimate the US jobless rate to have accelerated to 4.2%. The NZD/USD pair plummets below the key support of 0.5850 in European trading hours on

Important News for the day Fri, 06th, 14:30 CET US Nonfarm Payrolls. Fri, 06th, 14:30 CET CA Unemployment rate. Nonfarm payrolls The Dollar is heading with negative sentiment into the NFP- news today. A further slide in the Greenback might be expected, should the figure be weaker than expected. The