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PBOC sets USD/CNY reference rate at 7.0796 vs. 7.0826 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0796 compared to the previous day's fix of 7.0826 and 7.0825 Reuters estimate.
New Zealand RBNZ Interest Rate Decision in line with forecasts (2.25%)
New Zealand RBNZ Interest Rate Decision in line with forecasts (2.25%)
Australia’s CPI inflation rises to 3.8% YoY in October
Australia’s Consumer Price Index (CPI) climbed by 3.8% year-over-year (YoY) in October, following a 3.5% increase reported in the previous reading, the latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.
AUD/JPY rises to near 101.30 as Australian CPI grows faster than expected by 3.8%
The AUD/JPY pair jumps to near 101.30 after the release of the Australian Consumer Price Index (CPI) data for October.
Australia Construction Work Done below forecasts (0.5%) in 3Q: Actual (-0.7%)
Australia Construction Work Done below forecasts (0.5%) in 3Q: Actual (-0.7%)
Australia Construction Work Done below expectations (0.5%) in 3Q: Actual (-3.8%)
Australia Construction Work Done below expectations (0.5%) in 3Q: Actual (-3.8%)
Australia Construction Work Done registered at -0.7%, below expectations (0.5%) in 3Q
Australia Construction Work Done registered at -0.7%, below expectations (0.5%) in 3Q
Japan Corporate Service Price Index (YoY) down to 2.7% in October from previous 3%
Japan Corporate Service Price Index (YoY) down to 2.7% in October from previous 3%
SPX — Bounce and ready to climb (slowly)?
SPX is back at a familiar spot — the lower end of its channel — and this time, it looks like buyers have shown up again. The price action bounced cleanly off support after a brief flush, reclaiming both the channel line and the 4h trend level.
Wall Street trades the Über-dove Fed trial balloon as AI enters its TPU age
US stocks didn’t simply rise on Tuesday — they traded as if someone quietly reached under the market’s chassis and flipped every switch that matters: the Fed chair succession, a fresh volley of AI-supply-chain tremors, and a data deluge that leaned dovish from every angle.
GBP/JPY Price Forecast: Consolidates below 205.50 amid Yen gains
GBP/JPY consolidates during Tuesday’s session as the Japanese Yen (JPY) appreciates on threats of possible intervention of the BoJ in the FX markets, and also as Pound Sterling traders wait for the release of UK’s fiscal budget. At the time of writing, the cross trades at 205.44, losing 0.08%.
United States API Weekly Crude Oil Stock down to -1.9M in November 21 from previous 4.4M
United States API Weekly Crude Oil Stock down to -1.9M in November 21 from previous 4.4M
USD/JPY Price Forecast: Tumbles below 156.00 as US economy slows down
USD/JPY makes a U-turn and tumbles over 0.54% on Tuesday as investors grew confident that the Federal Reserve will cut rates at the December meeting, following a soft US inflation report, along with weaker than expected Retail Sales.
South Korea BOK Manufacturing BSI: 70 (December) vs 68
South Korea BOK Manufacturing BSI: 70 (December) vs 68
Euro strengthens on softer US figures, dovish repricing intensifies
EUR/USD registers solid gains of over 0.51% on Tuesday, boosted by a weaker US Dollar, as data reinforced traders’ speculation that the Federal Reserve might reduce rates at the December meeting. At the time of writing, the pair trades at 1.1579, getting close to the 1.1600 figure.
Dow Jones Industrial Average climbs 680 points fueled by December rate cut bets
The Dow Jones Industrial Average (DJIA) gained a volatile 550-plus points on Tuesday, rallying out of an early volatility spat as investors rolled with the punches on conflicting headlines.
SP500 Elliott Wave update: Is the correction over?
We have been monitoring the SP500 (SPX) to reach approximately 7120 in an Elliott Wave (EW) Principle impulse (five-wave) move upward from the early April lows for a more significant top for some time, and in our previous update from November 10, we were tracking a correction:
Gold climbs as stalling inflation and weak spending fuel December Fed cut bets
Gold (XAU/USD) climbs over 0.14% on Tuesday after US economic data augmented speculation of a rate cut by the Federal Reserve (Fed) at the December 9-10 meeting. Also, falling US Treasury yields and a weaker US Dollar keep XAU/USD trading at $4,141 after hitting a daily low of $4,109.
FX Today: Australian inflation and more US data come to the fore
The US Dollar (USD) extended its intense pullback as investors assessed the softer US data releases and increasing bets for further interest rate cuts by the Federal Reserve.
WTI Crude Oil falls as US-brokered Russia-Ukraine peace talks raise supply fears
West Texas Intermediate (WTI) Crude Oil retreats on Tuesday, giving back the modest gains recorded in the previous session as traders react to reports of progress on a United States (US) brokered Russia and Ukraine peace framework.
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