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USD/JPY retreats amid US Dollar weakness, BoJ decision and Japan CPI in focus
The Japanese Yen (JPY) regains some ground against the US Dollar (USD) on Thursday, with USD/JPY edging lower amid broad weakness in the Greenback. At the time of writing, the pair is trading around 158.30, retreating from one-week highs touched earlier in the European session.
Gold hits record above $4,900 as rally extends despite risk-on mood
Gold (XAU/USD) surges for the fourth consecutive trading day on Thursday, hitting a fresh record high of $4,906, even as risk appetite improved and tensions between the US and Europe eased, following an agreement over Greenland. At the time of writing, XAU/USD trades at $4,903, up 1.60% in the day.
Bull trap or bear trap: Unraveling Nifty & Bank Nifty's crash via Elliott Wave [Video]
In the latest episode, we dissect a dramatic session in the Indian markets. Both Nifty and Bank Nifty opened with substantial gap-ups, only to rally briefly before sharply reversing and filling those gaps almost entirely.
United States EIA Crude Oil Stocks Change above expectations (1.1M) in January 16: Actual (3.602M)
United States EIA Crude Oil Stocks Change above expectations (1.1M) in January 16: Actual (3.602M)
EUR/USD edges higher as weaker US Dollar offsets solid US data
The Euro (EUR) edges higher against the US Dollar (USD) on Thursday, supported by a broadly weaker Greenback as traders shrug off solid US economic data. At the time of writing, EUR/USD is trading around 1.1742, reversing the previous day’s losses.
United States 4-Week Bill Auction climbed from previous 3.595% to 3.63%
United States 4-Week Bill Auction climbed from previous 3.595% to 3.63%
Pound Sterling Price News and Forecast: Rallies as US–EU trade de-escalation lifts risk appetit
GBP/USD rises during the North American session on Thursday amid an improvement in risk appetite, following a de-escalation of the trade-war between the US and Europe.
United States Kansas Fed Manufacturing Activity climbed from previous -3 to -2 in January
United States Kansas Fed Manufacturing Activity climbed from previous -3 to -2 in January
Gold nears record high as traders weigh US data and geopolitics
Gold (XAU/USD) trims earlier losses on Thursday as traders digest a heavy slate of US economic data. At the time of writing, XAU/USD trades around $4,870, up nearly 0.80% after a short-lived dip below the $4,800 psychological level.
United States EIA Natural Gas Storage Change below expectations (-90B) in January 16: Actual (-120B)
United States EIA Natural Gas Storage Change below expectations (-90B) in January 16: Actual (-120B)
GBP/USD rallies as US–EU trade de-escalation lifts risk appetite
GBP/USD rises during the North American session on Thursday amid an improvement in risk appetite, following a de-escalation of the trade-war between the US and Europe.
Silver Price Forecast: XAG/USD consolidates near record highs on easing US-EU tensions
Silver (XAG/USD) regains some ground on Thursday but lacks follow-through, consolidating near record highs as a modest improvement in risk sentiment tempers safe-haven flows. At the time of writing, XAG/USD is trading around $93.90, holding below the all-time high near $95.89 set on Tuesday.
US core PCE inflation rises to 2.8% in November as expected
Annual inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.8% in November from 2.7% in October, the US Bureau of Economic Analysis reported on Thursday. On a monthly basis, the PCE Price Index rose by 0.2%.
United States Personal Income (MoM) declined to 0.1% in October from previous 0.4%
United States Personal Income (MoM) declined to 0.1% in October from previous 0.4%
United States Personal Income (MoM) came in at 0.3%, below expectations (0.4%) in November
United States Personal Income (MoM) came in at 0.3%, below expectations (0.4%) in November
Trend is back?
S&P 500 rebounded off the opening bell, retraced almost all the upside, based, and surged on the Greenland framework announcement. Does it turn ES or NDX trending? Did market breadth improve enough? Is the dollar still conducive? Can Russell 2000 start leading again?
Yen softens as trade data disappoints – Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% vs. the US Dollar (USD) and an underperformer against all of the G10 currencies as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
United States Personal Consumption Expenditures - Price Index (YoY) fell from previous 2.8% to 2.7% in October
United States Personal Consumption Expenditures - Price Index (YoY) fell from previous 2.8% to 2.7% in October
United States Personal Consumption Expenditures - Price Index (MoM) dipped from previous 0.3% to 0.2% in October
United States Personal Consumption Expenditures - Price Index (MoM) dipped from previous 0.3% to 0.2% in October
United States Core Personal Consumption Expenditures - Price Index (YoY) dipped from previous 2.8% to 2.7% in October
United States Core Personal Consumption Expenditures - Price Index (YoY) dipped from previous 2.8% to 2.7% in October
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