Author: FX
Anthropic shows off newest AI model, Claude Opus 4.5 Source link
The US Dollar (USD) added to Friday’s small pullback and flirted with the area of three-day lows as investors continued to pencil in further interest rate cuts by the Federal Reserve.Here’s what to watch on Tuesday, November 25:The US Dollar Index (DXY) remained offered, coming under pressure and challenging its key support around 100.00 on the back of mixed US Treasury yields, at the time when investors seem to have resumed their expectations for further rate cuts by the Fed. An interesting US docket will feature the usual ADP Employment Change Weekly, seconded by Retail Sales, Producer Prices, the Conference…
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GBP/USD flat with tension rising before UK budget and US data surgeThe GBP/USD remains subdued during the North American session, trading unchanged at around 1.3088 as traders wait for the release of the UK’s budget amid a shortened week due to the Thanksgiving holiday in the US. Read More…GBP/USD Price Forecast: Looks to build on move beyond 1.3100; not out of the woods yetThe GBP/USD pair reverses a modest Asian session dip and climbs back above the 1.3100 mark in the last hour amid a modest US Dollar (USD) downtick on Monday. However, the uncertainty surrounding the upcoming UK budget and…
Movado (MOV) is scheduled to announce Q3 earnings results on Tuesday, November 25th, before market open. The consensus EPS Estimate is $0.57 (+54.1% Y/Y) and the consensus Revenue Estimate is $185.89M (+1.7% Y/Y). Over the last 2 years, MOV has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time. Source link
Venezuela rejects 'ridiculous' US plan to designate Cartel de los Soles as terrorist organization Source link
The USD is mixed with the greenback moving lower vs the EUR and the GBP (both are higher) but still higher vs the JPY. The USD is moving lower to kickstart the North American session as Fed’s Waller (dove) says he favors a cut in rates at the December meeting. Recall Waller was an initial dissenter along with Bowman and Miran early on. In the video above, I take a look at the 3 major currency pairs from a technical perspective. What are the key levels in play and why?President Trump “Truth Social-ed” this morning arguing that U.S. tariffs are…
Fed Chair Jay Powell had already indicated in the last meeting: The Federal Open Market Committee (FOMC) is currently deeply divided in terms of the timing of further rate cuts. This has become more than clear through the recent statements of various members. A significant number of central bankers have positioned themselves clearly regarding a rate cut in December, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. DXY resistance at 100.25–100.35 may hold”For one, there is New York Fed President John Williams, who has openly expressed his support for a rate cut in December. Williams is not…
From heavyweights to underdogs: Meet the main players in the Missouri sports betting race Source link
Fundamental OverviewGold continues to consolidate near key levels as the uncertainty around the December rate cut remains high. Fundamentally, nothing has changed as the only US official data we will get before the FOMC meeting is from September, which is old news by now. Nonetheless, we have the US jobless claims as the timeliest indicator of the labour market conditions, and it’s been pointing to the same gradual cooling we’ve been seeing throughout the year with low hiring and low firing. One important development we got recently is Fed’s Williams delivering dovish comments on Friday where he suggested that he…