Author: FX

Walmart shares are up 3.6% in the pre-market following today’s earnings report. I think this report is probably the best reading on the consumer that we will get before the next Federal Reserve meeting.The verdict? Pretty good but with some caveats.Comp sales were up 4.5% in the US and the company raises its outlook for sales growth for the year to 4.8-5.1% (from 3.75-4.75%). The comp sales consensus estimate was 3.8%. That’s all good but the conference call touched on some familiar themes. Company officials said lower income families have been under additional pressure ‘of late’ and that higher income…

USD/CHF advances for the fifth consecutive day on Thursday, with the pair drawing strong support from broad US Dollar (USD) strength as markets position cautiously ahead of the delayed September Nonfarm Payrolls (NFP) report due at 13:30 GMT. At the time of writing, USD/CHF is trading around 0.8073, its highest level in nearly two weeks, as the Swiss Franc (CHF) remains on the defensive.The Greenback’s upward momentum is being driven by a reassessment of the Federal Reserve’s (Fed) near-term monetary policy outlook. Markets are now less confident about a December rate cut, with the CME FedWatch Tool showing only a…

Eurostoxx +0.47%Germany DAX +0.97%France CAC 40 +0.03%UK FTSE +0.25%Spain IBEX +0.83%The risk sentiment improved following the strong Nvidia Q3 earnings here. The attention will now switch to the US data with the December cut probabilities now down to roughly 30% following the BLS announcement that the November NFP will be released after the December FOMC meeting. Today we have the September NFP report and the US Jobless Claims. The market will want to see soft figures to increase the probabilities for a December cut and keep the positive risk sentiment going. This article was written by Giuseppe Dellamotta at investinglive.com.…

The USD/CAD pair holds steady near 1.4060 during the early European session on Thursday. Traders brace for the upcoming US Nonfarm Payrolls (NFP) data to provide clues about the potential for an interest-rate cut next month. Meanwhile, lower crude oil prices could weigh on the commodity-linked Canadian Dollar (CAD) against the Greenback. The US Bureau of Labor Statistics (BLS) will release the September employment report on Thursday, which was delayed by the 43-day government shutdown. Economists expect to see 50,000 jobs added in the US economy in September, while the Unemployment Rate is projected to stay unchanged at 4.3%. A weaker-than-expected jobs…

Yen slumps, dollar jumps as US rate cut bets recede Source link

The Australian dollar is right back at a key inflection point that acted as solid support at least three times in the past few weeks. Will the bulls step in to defend this level again? Check out AUD/USD’s 4-hour chart! AUD/USD 4-hour Forex Chart by TradingView China-Japan relations jitters, shaky gold prices, and fading hopes for quick Fed rate cuts have taken some of the shine off market risk appetite, and that has kept demand for the Australian dollar on the quiet side in recent sessions. The U.S. dollar has enjoyed the opposite treatment, getting a lift from calmer Fed…

It’s time for a fresh batch of flash PMI readings from the Euro Area! Will the November business surveys knock European Central Bank (ECB) members from their cautious monetary policy stance? Here are points you need to know if you’re trading Friday’s release: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link

U.K. consumer price inflation fell to 3.6% year-on-year in October, down from 3.8% in September, marking the first decline since March. The cooling inflation print came as energy price increases moderated significantly compared to last year, though persistent food price pressures and stubborn services inflation suggested the disinflation process remains uneven across sectors. For traders, the numbers mostly reinforced expectations that the Bank of England (BOE) will deliver a pre-Christmas rate cut. Key Takeaways Headline CPI dropped to 3.6% in October from 3.8% in September, matching both economist forecasts and BOE’s expectations Core inflation (excluding food, energy, alcohol, and tobacco)…

Koeda joined the Bank of Japan nine-member board on March 26 this year. At each of the five policy-setting meetings she has attended so far she voted for leaving the policy rate at 0.5%.She seems to have become more hawkish in her speech today:BOJ’s Koeda signals need for further tightening as inflation holds near 2%USD/JPY is shrugging it off, rising to a fresh high above 157.40. JGB yields have continued higher too, as Japan’s latest fiscal package promises to balloon debt even further. This article was written by Eamonn Sheridan at investinglive.com. Source link

The Federal Reserve released minutes from its October 28-29 FOMC meeting, revealing significant divisions among policymakers about the appropriate path for interest rates and widespread concern that inflation remains stubbornly above the 2% target despite recent rate cuts. While the committee ultimately delivered a 25 basis point cut to bring rates to 3.75-4.00%, the internal debate was far more contentious than the final vote suggests. Key Takeaways Many participants suggested it would likely be appropriate to keep rates unchanged for the rest of the year, signaling potential pause in December despite the committee’s 25 basis point cut in October Several…