Show:
Dow Jones Industrial Average cools as post-election rally chills
The Dow Jones Industrial Average (DJIA) pumped the brakes on the recent post-election rally that saw a decisive win for presidential candidate and former President Donald Trump.
US Dollar softens after reaching yearly high on Dollar Index
The US Dollar Index (DXY), a measure of the value of the USD against a basket of six currencies, softened after hitting a fresh year-to-date high near 107.00.
Mexican Peso steadies ahead of Banxico's rate decision amid hot US inflation data
The Mexican Peso wavers against the US Dollar on Thursday after snapping three days of losses on Wednesday.
EUR/GBP Price Analysis: Bearish respite, indicators remain negative
The EUR/GBP pair rose to 0.8320 in Thursday's session. Despite a temporary respite for the bears after recent declines, technical indicators remain deeply negative, with the pair trading below the 20-day Simple Moving Average (SMA) which stands around 0.8340.
GBP/USD Price Forecast: Bearish bias pushes Cable below 1.2700
The British Pound posted losses of 0.10% against the US Dollar after US economic data suggested that inflation remains above the Federal Reserve's 2% goal.
Silver Price Forecast: XAG/USD finds support near $29.70 as US Dollar gives up some intraday gains
Silver price (XAG/USD) discovers a temporary support near $29.70 in Thursday's North American session.
USD/JPY Price Prediction: Possible Broadening Formation with bearish potential
USD/JPY could be overshooting the upper boundary line of a Broadening Formation (BF) price pattern that looks like it has been forming over the last three weeks.
Fed's Barkin: The biggest risk to growth is probably the unemployment rate
Richmond Fed President Thomas Barkin noted that while the Fed has made strong progress so far, there's still more work to be done to keep the momentum going.
BoE Mann favours keeping rates on hold
Bank of England policymaker Catherine Mann argued that the central bank should maintain interest rates at their current level until the upside risks to inflation, including those stemming from the election of Donald Trump as the next US president, subside.
Crude Oil under pressure after monthly IEA report
Crude Oil steadies and consolidates recent losses after the International Energy Agency (IEA) released its monthly report for November on Thursday.
US: Initial Jobless Claims rose to 217K last week
US citizens filing new applications for unemployment insurance rose to 217K for the week ending November 8, as reported by the US Department of Labor (DoL) on Thursday.
US: Headline Producer Prices rose by 2.4% YoY in October
The Bureau of Labor Statistics (BLS) reported a 2.4% increase in the headline Producer Price Index (PPI) in October, surpassing expectations.
USD/CHF Price Prediction: Breaks above 200-day SMA and continues higher
USD/CHF breaks above the 200-day Simple Moving Average (SMA) and extends its short and medium-term uptrend.
EUR/AUD consolidates near 1.6300 despite soft Aussie Employment data
The EUR/AUD pair trades in a tight range near the key resistance of 1.6300 in Thursday's North American session.
EUR/CHF Price Forecast: Probing base of Triangle as price attempts to break out
EUR/CHF is probing the base of a Triangle pattern it has formed over the last three months (see chart below).
US Dollar prices in more Trump trade as Republicans win House majority
The US Dollar (USD) extends the Trump trade rally for the fifth consecutive trading day with the US Dollar Index (DXY), which gauges the Greenback's value against six major currencies, reaching the highest level seen since November 1, 2023, above 107.00.
USD/CAD conquers 1.4000 on Trump's clean sweep
The USD/CAD pair visits the psychological figure of 1.4000 in Thursday's European session for the first time in more than four years.
GBP: Second place - Rabobank
The Pound Sterling (GBP) is no longer the best performing G10 currency in the year to date, having been bumped into second place by the mighty USD, Rabobank's FX analyst Jane Foley notes.
INR: A further uptick in inflation - Commerzbank
Headline inflation in October climbed to 6.2% yoy vs 5.5% in September.
AUD/USD declines further to near 0.6460 on weak Aussie job data, firm USD
The AUD/USD pair extends its downside journey to near 0.6460 in European trading hours on Thursday.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy