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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.
Banxico about to cut interest rates again - Commerzbank
This evening, European time, the Mexican central bank (Banxico) will announce its regular interest rate decision - anything other than another 25bp cut would be a big surprise.
USD/SGD: Upside risk - OCBC
USD/SGD extended its bull run, tracking moves in broad USD.
AUD: Labor market only slightly weaker - Commerzbank
Australia's labor market cooled slightly last month, with only around 16,000 new jobs created in October, less than analysts had expected, according to the Bloomberg consensus.
USD/CNH: Attempt to slow pace of depreciation - OCBC
For the second day in a row, CNY fix came in much stronger than expected.
Elon Musk, the optimists and the pessimists - Commerzbank
The future US president will appoint Elon Musk (together with Vivek Ramaswamy) to head a new office for government efficiency (independent of the Office of Management and Budget).
Eurozone Preliminary GDP increases by 0.4% QoQ in Q3, second estimate confirms
The Eurozone economy expanded by 0.4% in the quarter to September of 2024, according to the second estimate released by Eurostat on Thursday.
Pound Sterling falls further against USD on Trump's clean sweep
The Pound Sterling (GBP) refreshes over a four-month low below the round level of 1.2700 against the US Dollar (USD) in Thursday's London session.
EUR/USD: Trend is your friend - OCBC
The Euro (EUR) extended its move lower amid broad USD strength while political uncertainties in Germany is not helping.
Little news on US inflation - Commerzbank
Yesterday's US inflation figures provided little new information, with all figures coming in as expected: The headline rate rose by 0.2% and the core rate by 0.3% month-on-month, Commerzbank's FX analysts Michael Pfister notes.
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