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The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks. Signs of lingering inflation pressure in the US gives the USD traction. There weren’t any major economic data highlights in Friday’s session. The US Dollar Index (DX

The Fed is going to cut rates next week and that hangs some weight on the tail of the dollar. We are not out of the woods yet, with the signals mixed for the majors—sterling and the euro. The key driver is the 10-year yield which has now recovered, with the stock market looking increasingly like a b

The Pound Sterling (GBP) is softer, in line with its major currency peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP is trading softer on the day “There were no UK data reports to shape trade this morning and, like the EUR, GBP trading largely reflects the broader tone in the USD ahe

GBP/USD maintains its position as the BoE is widely expected to keep rates unchanged in December. UK headline inflation has risen again after briefly dipping below the BoE’s 2% target. Traders adopt caution ahead of US Consumer Price Index data scheduled to be released on Wednesday. GBP/USD extends

In the third quarter, the annual GDP growth rate reached 2.7%, driven by inventory buildup rather than household consumption, which is against our baseline for 2024. Despite this, there is optimism for a better end to the year due to recent slightly more positive industrial and retail data. The grow

Asia market update: Asian equities mostly lower amid geopolitical volatility in SY/KR + CN deflation concerns; RBA rate decision tomorrow. General trend - Asian stocks mostly lower after continued South Korea political uncertainty and China’s Nov CPI deflation m/m (-0.6%, worst since Mar). Kospi [-2

Summary Consumers grew a bit more optimistic on current conditions around the start of the allimportant holiday sales season, but expectations around the future remain grim. There is a divergence in optimism related to households' political views, most notably around coming inflation, which the Fed

Currencies & metals see early selling and then nothing else on Monday. China will retaliate... mark my words. Good Day... And a Tom Terrific Tuesday to you! Well, it snowed again yesterday, another inch, not much, but still... I was attempting to get my care detailed but had to cancel.... Alex a

EUR/USD started Friday with hopeful gains, but slumped back into the low side. European inflation figures showed contraction on the near end of the curve. Core monthly HICP inflation dipped to its lowest level since February. EUR/USD kicked Friday off with a mild rally into the 1.0600 handle as broa