Author: FX
USD/CAD rebounds after registering 0.5% losses in the previous session, trading around 1.4000 during the Asian hours on Wednesday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) comes under downward pressure amid lower crude Oil prices. West Texas Intermediate (WTI) Oil price halts its four-day winning streak, slipping to near $60.40 per barrel at the time of writing.Crude Oil prices weakened following another inventory build in the United States (US). The latest American Petroleum Institute (API) report showed US crude stocks rising by 4.4 million barrels last week, the third straight weekly increase and the largest in over five…
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Deutsche Bank says gold’s role as a portfolio diversifier remains intact, even as its traditional negative correlation with risk assets has become less reliable in recent years. In a new note, the bank argues that official-sector buying, not financial-market positioning, continues to be the dominant force supporting bullion prices.Analysts expect central banks and reserve managers to keep stepping in on bouts of weakness, reinforcing a structural floor under the market. By contrast, ETF investors appear less inclined to buy dips while realised volatility stays elevated, limiting the responsiveness of retail and institutional flow-driven demand.Deutsche Bank maintains that sustained official-sector accumulation…
Markets traded in choppy fashion on Tuesday as traders navigated escalating China-Japan tensions, mixed central bank commentary, and disappointing Canadian housing data, with the U.S. dollar ending essentially flat against major currencies while commodities and Bitcoin recovered from early-session weakness. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: Bank of Japan Governor Kazuo Ueda reaffirmed on Tuesday that the central bank will remain data-dependent for any future rate increases and emphasized a cautious approach, noting that the BOJ is gradually winding down its easing support to…
The Dow Jones Industrial Average faced renewed downside pressure on Tuesday, tumbling 680 points from the previous day’s close at its lowest before finding a half-hearted technical floor near 46,255. The major equity index has pushed into a fourth consecutive bearish day as investors face headwinds on multiple fronts.Limited US jobs data does little to help the moodUS labor data continues to tease around the edges of a steepening downturn after US Initial Jobless Claims came in within familiar territory, rising slightly to 232K from the previous print of 219K. ADP’s Employment Change 4-week average improved to -2.5K from the…
Google is now winning the AI war.There has been something of a hype campaign around the release of Gemini 3 but people were skeptical. We have seen this before from OpenAI where they constantly hint that a new model is revolutionary and then release it and it’s not. So when Google was doing the same thing, AI watchers were understandably skeptical.One of the leaks was some of the benchmarking. As you can see, it looks like it blows everything else out of the water.Now for many users (especially non-coders) these kinds of metrics don’t always translate into usability. The trillions…
AUD/USD trades steady on Tuesday, around 0.6490 at the time of writing, virtually unchanged on the day. The Australian Dollar (AUD) maintains a mild upward bias after the Reserve Bank of Australia (RBA) published Minutes showing policymakers see no urgency to cut the Official Cash Rate (OCR) as domestic demand remains robust and inflation pressures persist. However, the central bank also noted that monetary easing could be considered if growth weakens further or if labor-market conditions deteriorate materially.Markets now turn their attention to Australia’s third-quarter Wage Price Index, due Wednesday, with expectations for a 0.8% QoQ and 3.4% YoY increase.…
If you’ve been watching Sterling wobble over the past few weeks, you’re not alone. The British pound is having trouble sustaining any bullish demand as traders wait nervously for one thing: The “Wicked: For Good” movie release. Just kidding. I’m talking about Chancellor Rachel Reeves’s Autumn Budget on November 26! This isn’t just another routine fiscal announcement. With the UK economy barely growing, inflation stuck at 3.8% (almost double the Bank of England‘s target), and a £20-30 billion hole in the public finances, Reeves faces an economic tightrope act. Whatever she announces could shape interest rate expectations, influence BOE policy, and…
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Fundamental OverviewThe USD performance has been mixed in the past days but still on net negative despite the decreasing December rate cut odds. It looks like the stock market is what has been driving all other markets.In fact, when the stock market had positive days, we’ve seen Treasury yields and the US dollar rising, but when stocks performed poorly, Treasury yields and the greenback gave back the gains. The market might be thinking that a selloff in the stock market is going to weigh significantly on the economy, eventually requiring the Fed to cut more or more aggressively. The focus…