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US Dollar gains as dovish Fed bets cool down
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is clinging to its latest gains in the US session on Tuesday.
Mexican Peso tanks on Trump cabinet picks, trade war concerns
The Mexican Peso extends its losses against the Greenback on Tuesday on risk aversion due to US President-elect Donald Trump's first appointments to his cabinet.
EUR/USD tumbles below 1.0600, hits new yearly low
The Euro plummets sharply against Greenback, cracks below the 1.0600 figure for the first time since November 2023, refreshes new yearly lows at 1.0594.
Dow Jones Industrial Average trims gains on Tuesday
The Dow Jones Industrial Average shed a scant 200 points on Tuesday, marking out territory just north of the 44,000 handle as equities take a brief pause from the post-election rally that sent the Dow Jones into fresh record highs.
EUR/CAD Price Analysis: Pair facing oversold conditions, correction likely
The EUR/CAD pair witnessed a decline of 0.30% on Tuesday, reaching a low of 1.4785, the lowest level since July.
Fed's Barkin: Inflation may get stuck above Fed target
Federal Reserve (Fed) Bank of Richmond President Tom Barkin noted early during the US market session on Tuesday that while inflation appears to be coming down, it might still get stuck above the Fed's target levels.
GBP/USD Price Forecast: Dives below 200-day SMA and 1.2800
The Pound Sterling plummets more than 0.60% on Tuesday, after labor market data was mixed, with the Unemployment Rate rising sharply, as the economy added over 220K jobs to the economy, 150K less than in the previous reading.
China's central bank has not bought any Gold in the last six months - Commerzbank
The People's Bank of China (PBoC) did not purchase any Gold in October either, according to data published last Thursday, Commerzbank's commodity analyst Carsten Fritsch notes.
US government buys oil for strategic reserves yet again - Commerzbank
The Biden administration has purchased oil for the Strategic Petroleum Reserve (SPR) for the last time, the US Department of Energy reported on Friday, Commerzbank's commodity analyst Carsten Fritsch notes.
AUD/USD slumps to near 0.6550 as Trump trades swell, US inflation in focus
The AUD/USD pair falls sharply to near 0.6550 in North American trading hours on Tuesday.
CNY: the state advances, the private sector retreats - Commerzbank
There is a saying in China - "guo jin, min tui" (国进民退) -- which roughly translates as "the state advances, the private sector retreats".
GBP/CAD Price Prediction: Breaking out of Rising Wedge and falling
GBP/CAD is breaking decisively out of a Rising Wedge pattern and declining quite quickly.
Norges Bank is doing it right - Commerzbank
Looking at the Norwegian inflation figures published yesterday, I can only conclude: Norges Bank is doing it right.
USD/CAD Price Forecast: Continues to face pressure above 1.3950
The USD/CAD pair gives up half of its intraday gains after facing selling pressure above the key resistance of 1.3950 in the North American session on Tuesday.
EUR/CHF Price Forecast: Attempting a bearish breakout from a Triangle pattern
EUR/CHF is attempting to break out of a Triangle pattern it has formed over the last three months (see chart below).
Trump Trade 2.0 continued amid caution - DBS
Monday continued the momentum of 'Trump Trade 2.0' though several markets are approaching critical levels, DBS's Senior FX Strategist Philip Wee notes.
EUR/GBP expected to continue downtrend as outlook bleaker for Europe than the UK
EUR/GBP trades flat on Tuesday as it finds its feet following a five-day losing streak.
Crude Oil finds cushion even as traders expect more downside under Trump
Crude Oil trades broadly in the green on Tuesday after briefly ticking below $68.00, trying to recover from two consecutive sessions of sharp losses. The Organization of the Petroleum Exporting Countries (OPEC) report released on Tuesday spelled out the
Trump's immigration policy - relevant for USD exchange rates? - Commerzbank
Why are the inflationary effects of possible or announced US import tariffs widely discussed, while the corresponding effects of deportations are not? The Peterson Institute estimates that in the extreme case, more than 8 million workers could be withdrawn from the US labor market.
US Dollar rally continues as investors double down on Trump trades
The US Dollar (USD) extends its rally on Tuesday as the Trump trade adds another wave of US Dollar buying. The Greenback is crushing markets, steamrolling across the quote board against other major currencies. A goldilocks momentum is taking place
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