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Australian Dollar finishes the week with a rebound as the USD eases
The AUD/USD pair rose by 0.20% to 0.6460 in Friday's session.
Mexican Peso gains despite Moody's negative outlook
The Mexican Peso recovered some ground against the US Dollar during the North American session, shrugging off Moody's adjustment on Mexico's credit outlook and upbeat US Retail Sales data.
Dow Jones Industrial Average tumbles over 350 points on Friday
The Dow Jones Industrial Average (DJIA) trimmed it's recent bull run, declining over 350 points and giving back roughly 0.85% as investors grapple with an increasingly uncertain future.
Fed's Goolsbee: The Fed needs to focus on longer trends.
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes, and that the Fed should maintain a slow and steady approach to reaching the neutral rate.
US Dollar eases five-day winning streak on profit-taking
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, failed to secure a sixth consecutive day of gains in a volatile trading Friday.
GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600
The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback.
Fed's Collins: I don't see a big urgency to lower rates
Federal Reserve (Fed) Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.
EUR/JPY Price Analysis: Pair finally broke down below support and fell towards 163.00.
The EUR/JPY currency pair witnessed a significant decline on Friday, losing 0.72% to reach a low of 163.10.
USD/CHF Price Forecast: Reaches overbought levels
USD/CHF continues rising in its established uptrend but it has now reached overbought levels (above 70) according to the Relative Strength Index (RSI) momentum indicator.
EUR/JPY Price Prediction: Threatening to reverse the trend and extend its decline
EUR/JPY is threatening to reverse its medium-term uptrend and begin a new downtrend.
US: Retail Sales rose by 0.4% MoM in October
The US Census Bureau reported that Retail Sales expanded by 0.4% in October vs.
GBP/USD: Steadies after mild technical rebound from Thursday's low - Scotiabank
This morning's round of UK data was broadly weaker than forecast--Industrial Production fell 0.5% in September as manufacturing slumped, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Silver market remains significantly undersupplied due to rising demand - Commerzbank
The Silver Institute, in cooperation with the precious metals research firm Metals Focus, published updated forecasts for the Silver market this week, Commerzbank's commodity analyst Carsten Fritsch notes.
EUR/USD: Chance to squeeze a little higher - Scotiabank
The European Commission's economic outlook anticipates a pick up in the region's economy this year and next as consumer demand and business investment pick up, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBP/CAD Price Prediction: Vulnerable to more downside as bears hunt targets
GBP/CAD has broken out of a bearish Rising Wedge pattern and started to decline.
USD/CAD: Wider interest rate differential is a major headwind - Scotiabank
The Canadian Dollar (CAD) has edged marginally higher versus a generally softer USD on the session.
Copper price falls below $9,000 despite increasing scarcity of copper concentrate - Commerzbank
The strong US Dollar (USD) continues to weigh on metal prices.
USD consolidates gains - Scotiabank
The US Dollar's (USD) sharp, post-election advance has moderated a little today, reflecting some drift in US short rates and perhaps some consolidation in USD-bullish positioning, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Gold: Strong US dollar causes losses - Commerzbank
There are times when the development of the US Dollar (USD) is of secondary importance for commodity prices denominated in dollars, and there are times when the US dollar is the driving force, Commerzbank's commodity analyst Barbara Lambrecht notes.
CNY: Who cares about fundamentals - Commerzbank
This morning's monthly data from China offered both light and shade, with the hope of stabilisation at a low level following the stimulus measures of recent months perhaps slightly outweighing.
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