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Gold reclaims $4,300 on Fed rate cut tailwinds – Commerzbank
Gold rose above $4,300 per ounce as the Fed delivered a widely expected 25bps rate cut, with Chairman Powell signaling that labor market weakness and tariffs may prompt further easing.
GBP holds weekly gains despite modest pullback – Scotiabank
The Pound Sterling (GBP) trades slightly lower but retains most of its weekly gains as UK data show mixed industrial performance and a wider trade deficit.
Cheaper European Gas diverts Qatari LNG toward India – Commerzbank
Lower European Gas prices (TTF) are having an impact: according to an analysis of ship tracking data by Bloomberg, LNG shipments from Qatar have recently been diverted away from Europe to India, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
EUR holds gains ahead of ECB meeting – Scotiabank
The Euro (EUR) trades defensively after modest weekly gains versus the US Dollar (USD), with short-term rates and ECB messaging offering fundamental support.
Nasdaq (NQ_F) Elliott Wave: Buying the dips in a blue box
In this technical article, we are going to talk about another Elliott Wave trading setup we got in E-mini Nasdaq-100 Futures. Recently NQ_F made a clear three-wave correction. The pull back completed as Elliott Wave Double Three pattern and made a decent rally.
Russian seaborne Oil exports hit highest level since early 2022 – Commerzbank
Russian seaborne Crude exports have surged to multi-year highs, but a growing share appears unsold and stored afloat.
CAD hits strongest level since September – Scotiabank
The Canadian Dollar (CAD) is extending its steady outperformance, backed by supportive rate differentials and a weakening US Dollar (USD) trend.
You have to be long this
S&P 500 attempted one more flush right after the opening bell (led of course by Nasdaq), and I insisted to clients such a panicky selling was a gift to be bought, in ES of course as tech was and still is about to lag – it‘s not so much about ORCL poor earnings (reception), or great AVGO (reality of
IEA forecasts considerable but slightly smaller oversupply – Commerzbank
The IEA now expects a smaller—but still hefty—Oil surplus in 2025, as softer OPEC+ output and firmer demand narrow the gap.
USD consolidates as markets await NFP – Scotiabank
The US Dollar (USD) is broadly consolidating despite soft sentiment, with the Dollar Index (DXY) heading for a third straight weekly decline and mirroring its 2016–17 trajectory.
Fed’s Hammack: Committed to achieving Fed's 2% inflation target
Federal Reserve (Fed) President of the Bank of Cleveland, Elizabeth Hammack, said on Friday that the lack of data during the shutdown made it harder to read inflation. She also said that she is very grateful that the government data was returned.
GBP/JPY stays firm near multi-year highs as focus shifts to BoE and BoJ decisions
The British Pound (GBP) trades on the front foot against the Japanese Yen (JPY) on Friday, as the Yen struggles to gain traction despite growing expectations of a Bank of Japan rate hike next week.
Oil: US Crude production hits record high – Commerzbank
The EIA projects US Crude production to peak at 13.87 million b/d in October before easing in 2026, while a global supply surplus of 2 million b/d is expected to push Brent prices down to $55.
Gold nears record highs as dovish Fed outlook underpins demand
Gold (XAU/USD) extends its advance on Friday as expectations build for further monetary policy easing by the Federal Reserve (Fed) after this week’s interest rate cut. At the time of writing, XAU/USD is trading around $4,340, just shy of its all-time high near $4,381, marked on October 20.
Fed’s Paulson: Job market is bending, but not breaking
Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said on Friday that the rate cuts have "taken out some insurance" against job market risks.
USD/CAD remains under pressure as markets digest BoC pause, Fed rate cut
The Canadian Dollar (CAD) remains bid against the US Dollar (USD) on Friday, as markets continue to digest this week’s monetary policy decisions from the Bank of Canada (BoC) and the Federal Reserve (Fed).
Germany Current Account n.s.a. dipped from previous €18.6B to €14.8B in October
Germany Current Account n.s.a. dipped from previous €18.6B to €14.8B in October
Canada Wholesale Sales (MoM) registered at 0.1% above expectations (-0.1%) in October
Canada Wholesale Sales (MoM) registered at 0.1% above expectations (-0.1%) in October
Canada Building Permits (MoM) above forecasts (-1.2%) in October: Actual (14.9%)
Canada Building Permits (MoM) above forecasts (-1.2%) in October: Actual (14.9%)
China M2 Money Supply (YoY) fell from previous 8.2% to 8% in November
China M2 Money Supply (YoY) fell from previous 8.2% to 8% in November
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