Author: FX
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Friday, with USD/JPY snapping a four-day winning streak after fresh verbal intervention warnings from Tokyo prompted mild profit-taking. At the time of writing, the pair is trading around 156.54, easing modestly from Thursday’s near ten-month high around 157.89, though it remains on track to secure a second consecutive weekly advance.Japan’s Ministry of Finance reiterated that authorities are ready to act against excessive currency moves, signalling rising discomfort with the pace of Yen depreciation. The warnings come as the Yen hovers near levels where Tokyo intervened in the past. At…
The GBPUSD is waking up and trying to take more control with a push to the upside, but there is work to be done.Looking at the hourly chart of the GBPUSD, the pair has been battling back and forth, trying to find a direction. We established a nice double bottom floor at the 1.3038 level—holding yesterday and testing it again today before rotating higher. That level is now the definitive line in the sand for the sellers; as long as we stay above that, the wash-out remains on hold.For the last several sessions, the price has been capped by a…
We have been down this road before, but Russian Pres. Putin is saying:He received the US plan for Ukraine.Think they can be a basis for final resolution. Text was not discussed with Russia.Says that Ukraine is against the plan.Russia is ready for a peaceful resolution but the details of the plan need to be discussed. Earlier, Ukraine Zelenskyy said to his country:The country is facing “one of the most difficult moments in our history” as its strongest ally pressures it into accepting a deal with the nation that has spent eleven years trying to destroy it.“Now the pressure on Ukraine…
Gold (XAU/USD) remains steady during the North American session on Friday as a Federal Reserve (Fed) officials opened the door for a cut at the December meeting. At the time of writing, XAU/USD trades at $4,096, up by 0.53%, after hitting a daily high of $4,101.XAU/USD edges higher despite mixed US data, sharply shifting rate cut expectationsBullion has remained fluctuating during the last three days, as traders seem undecided on XAU’s next move. Speeches by Fed officials and the resumption of US economic data hint that the economy is solid, with a resilient labor market but elevated prices.Comments from New…
The Atlanta Fed GDPNow growth estimate for Q4 remained at 4.2%. That is still at the highs for the quarter. In their own wordsThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 4.2 percent on November 21, unchanged from November 19 after rounding. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the National Association of Realtors, a slight decrease in the nowcast of third-quarter real personal consumption expenditures growth was offset by an increase in the nowcast of third-quarter real gross private domestic…
BOJ’s Masu to Nikkei says:BOJ is close to decision to raise ratesSays it’s not good for real interest rates to be deeply negativerelationship with the neutral rate of interest rate. Japan’s policy rate is lower than the neutral rate. He says that most countries rates are higher than the neutral interest rate citing the US as an example.The JPY has been weakening as a result of the lower rates in Japan relative to other countries. The EURJPY has moved to new all-time highs (lower JPY). The USDJPY traded to the highest level since January.Today, the price has moved lower and…
West Texas Intermediate (WTI) US Oil trades around $57.60 on Friday at the time of writing, down 1.90% on the day. The Crude Oil extends its three-day losing streak, slipping below the $58.00 level as investors reassess geopolitical risks in Eastern Europe amid signs that a potential peace agreement in Ukraine may be taking shape.According to multiple media reports, Ukrainian President Volodymyr Zelensky has agreed to work on a US-backed proposal that includes territorial concessions to Russia and a reduction of Ukraine’s armed forces. These points, considered unacceptable just months ago, fuel expectations that a compromise could emerge faster than…
The major European indices are mostly closing lower. The UK FTSE 100 rose by +0.05%. France’s CAC fell by -0.03%.A look at the closing levels shows:German DAX, -0.78%France’s CAC, -0.03%UK’s FTSE 100 +0.05%Spain’s Ibex, -0.99%Italy’s FTSE MIB -0.51%.For the trading week all the major indices fell by 2% or more: German DAX, -3.27%. The decline was the same as the decline from July 28 trading week and the largest fall since March 31. France’s CAC fell by -2.34%, it supports the trading week since August 25UK’s FTSE 100 fell -1.71% for its trip 4 is trading week since March 31Spain’s…
NVIDIA just crushed its earnings expectations earlier this week, posting a massive 62% revenue jump to $57 BILLION from a year ago in Q3 2025…but its stock still fell 3.2% the next day. What’s up with that?! Welcome to the paradox keeping traders up at night: when even spectacular earnings can’t overcome deeper market fears. The Numbers Were Dream-Worthy NVIDIA’s Q3 2025 results were objectively spectacular: Revenue hit $57 billion, crushing the $54.9 billion estimate Earnings of $1.30 per share beat forecasts The company projected $65 billion for the current quarter, well above the $62 billion consensus CEO Jensen Huang…
alexsl Raymond James upgraded Doximity (DOCS) to strong buy from outperform, saying that the digital platform for doctors with a “current risk/reward at 25x [free cash flow] looking too compelling to ignore.” The firm, however, lowered its target price to $65 from $75 (40% upside based on Source link