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United States Baker Hughes US Oil Rig Count down to 406 from previous 414
United States Baker Hughes US Oil Rig Count down to 406 from previous 414
Pound Sterling Price News: Drifts lower as UK data disappoints and Fed cautious tone caps upside
The GBP/USD pair hovers around familiar levels, yet it has dropped below the 1.3400 mark on Friday after Retail Sales in the UK missed estimates and Federal Reserve (Fed) speakers crossed the wires. At the time of writing, the pair trades at around 1.3370, virtually unchanged. Read More...
Nasdaq March futures: Structure holds as the market searches for resolution
Price behaviour remains centred on the mid-structure pivot as the market searches for a resolution.
Hedera (HBAR) tests make-or-break support after brutal decline
Hedera's HBAR token has been through the wringer. After spiking to nearly $0.39 earlier this year, the cryptocurrency has shed over 70% of its value, grinding lower in what's become a textbook downtrend.
Gold consolidates near $4,350 amid firm US Dollar
Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near $4,309.
USD/CAD remains range-bound amid mixed US data and softer Canadian Retail Sales
The Canadian Dollar (CAD) trades little changed against the US Dollar (USD) on Friday, as a rebound in the Greenback keeps USD/CAD confined within its week-old range. At the time of writing, the pair is trading around 1.3784, recovering slightly after dipping to an intraday low near 1.3755.
GBP/USD drifts lower as UK data disappoints and Fed cautious tone caps upside
The GBP/USD pair hovers around familiar levels, yet it has dropped below the 1.3400 mark on Friday after Retail Sales in the UK missed estimates and Federal Reserve (Fed) speakers crossed the wires. At the time of writing, the pair trades at around 1.3370, virtually unchanged.
JPY: BoJ hike fails to lift the Yen – Scotiabank
The Bank of Japan’s (BoJ) 25bp rate hike to a 30-year high of 0.75% failed to support the yen, as cautious guidance from Governor Ueda undercut confidence.
GBP rally above 1.34 quickly fades – Scotiabank
Pound Sterling’s (GBP) post-BoE push through 1.34 has reversed alongside a broader US Dollar (USD) rebound, leaving GBP/USD back near the middle of its recent range.
EUR surrenders post-ECB gains despite hawkish undertone – Scotiabank
The Euro (EUR) failed to sustain gains following the European Central Bank (ECB) decision, even as unchanged rates and upgraded growth projections reinforced the view that the easing cycle has ended, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD softens as broad USD strength caps upside – Scotiabank
The Canadian Dollar (CAD) is edging lower in tandem with its peers as the US Dollar (USD) firms into the end of the week, though downside pressure remains contained.
USD ends week firmer – Scotiabank
The US Dollar (USD) is closing the week on a stronger footing, rising against all major currencies, with the Japanese Yen (JPY) the clear laggard despite the Bank of Japan’s rate hike to 0.75%.
Eurozone Consumer Confidence below forecasts (-14) in December: Actual (-14.6)
Eurozone Consumer Confidence below forecasts (-14) in December: Actual (-14.6)
United States UoM 1-year Consumer Inflation Expectations came in at 4.2%, above forecasts (4.1%) in December
United States UoM 1-year Consumer Inflation Expectations came in at 4.2%, above forecasts (4.1%) in December
Catching up with Santa
S&P 500 and Nasdaq ran into and after CPI, but that three times the buyers ran out of steam – the 6,850s area proved a tough nut to crack. The premarket push higher provided a fine shorting opportunity, and all clients were in the picture why as well.
United States Michigan Consumer Expectations Index registered at 54.6, below expectations (55) in December
United States Michigan Consumer Expectations Index registered at 54.6, below expectations (55) in December
United States UoM 5-year Consumer Inflation Expectation in line with forecasts (3.2%) in December
United States UoM 5-year Consumer Inflation Expectation in line with forecasts (3.2%) in December
United States Existing Home Sales (MoM) below forecasts (4.2M) in November: Actual (4.13M)
United States Existing Home Sales (MoM) below forecasts (4.2M) in November: Actual (4.13M)
United States Michigan Consumer Sentiment Index came in at 52.9, below expectations (53.4) in December
United States Michigan Consumer Sentiment Index came in at 52.9, below expectations (53.4) in December
United States Existing Home Sales Change (MoM) dipped from previous 1.2% to 0.5% in November
United States Existing Home Sales Change (MoM) dipped from previous 1.2% to 0.5% in November
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