Pound Sterling falls as annual UK factory data underperform
The Pound Sterling (GBP) faces a correction...
AUD/USD: Aussie likely to remain supported by the global inflation gap – Commerzbank
The fact that the Australian inflation...
The window for a USD rebound remains open over the next few weeks – Scotiabank
USD gains broadly in quiet trade....
AUD/USD trades with mild negative bias above 0.6700, eyes on Australian Retail Sales data
The AUD/USD pair trades on a softer note above the 0.6700 mark during the early Asian session on Monday. The recovery of the US Dollar (USD) from its late December low drags the AUD/USD lower. Investors await the US Consumer Price Index (CPI) this week for fresh impetus. This figure could trigger the volatility of the pair in the near term. The pair currently trades near 0.6712, down 0.03% on the day.
USD/JPY churns near 145.00 in post-NFP turbulence, set to end Friday where it started
The USD/JPY spiked to a near-term high at the 146.00 handle early Friday in the broad-market run-up to the US Nonfarm Payrolls release, which surged above market forecasts and sent the US Dollar (USD) back down against the Japanese Yen (JPY) as markets weighed odds of Federal Reserve (Fed) rate cuts in the face of a still-firm US labor market.
Gold price flat-lines amid pre-NFP subdued trading action, bearish bias remains
Gold price (XAU/USD) extends its sideways consolidative price move for the second successive day and oscillates below the $2,050 level through the early European session on Friday. Traders now seem reluctant to place aggressive directional bets and prefer to wait for the release of the official US monthly employment details.
Why Is Mexico Putting Tariffs on Chinese Imports?
In 2023, Mexico became the United States’ top trading partner, surpassing China. Just as the Mexican and American economies integrate, though, so have the Mexican and Chinese economies, with China now the former’s fastest-growing foreign investor.
European stocks open higher on year’s first trade day
LONDON: Europe’s main stock markets rose at the open Tuesday, the first trading day of the year with investors predicting several cuts to global interest rates in 2024 as inflation cools.
Day trading guide for stock market today: Six stocks to buy or sell on Monday — 1st January
Day trading guide for today: Key benchmark indices of the Indian stock market gave up its five days winning streak and ended the last trade session of 2023 on a flattish note amid profit booking in select heavyweights. Nifty 50 index remained in negative territory throughout the session and closed with minor loss of 22 points at 21,731 levels. BSE Sensex finished 0.23 per cent lowe at 72,240 levels whereas Nifty Bank index lost 0.45 per cent and ended at 48,292 levels. However, broader market outperformed with Nifty Mid-cap 100 and Nifty Small-cap 100 up 0.8 per cent and 0.6 per cent respectively.
USD/JPY ticks higher on a light trading season and approaches 142.00
The US Dollar is attempting to extend its rebound from Thursday´s lows, yet with the pair still capped below previous support at 141.90, which leaves the 140.00 level on the bear´s focus.
