Análisis
Market Update: Understanding the Recent US Dollar Drop and Its Implications
Let's dive straight into the recent market movements that have been causing quite a stir. The massive drop in US 2-year bond yields has been an absolute game-changer, significantly impacting the US dollar's trajectory. But let's unpack the core of this before anything else.
ACY Securities
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NZD Hawkish RBNZ Adds to USD Selling
In the unfolding narrative of today's Asian trading session, the US dollar found itself grappling with yet another catalyst for a downturn, this time spurred by an unexpectedly hawkish monetary policy pronouncement from the Reserve Bank of New Zealand (RBNZ).
ACY Securities
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USD 2-Year Yield Drops Sharply but on What Exactly?
The value of the United States dollar has experienced a significant decline, with the DXY index nearing a 4% drop on a month-to-date basis. If this trend persists, it could mark the most substantial monthly decrease in the dollar's performance since November of the previous year.
ACY Securities
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Crypto market: another pullback within the framework of growth
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market: another pullback within the framework of growth
FxPro
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Daily Global Market Update
Euro-Dollar corrected down 0.2%, Stochastic positive. Dollar-Yen stable, oversold per Williams. Gold unchanged, Stochastic RSI overbought. Tesla stock dropped 2%, CCI overbought. Dollar rebounded on US Q3 growth, global markets uptick. Economic events today: US jobless claims, personal income, Eurozone CPI, Germany and Japan unemployment rates, Japan housing starts.
Moneta Markets
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Fed’s Waller talks rate cuts and hurts the dollar
Dollar extends tumble as Waller raises prospect of lower rates - Yen, kiwi, and aussie the main winners once again - RBNZ holds rates steady, but lifts OCR projections - Gold stretches rally, oil rebounds ahead of OPEC+ decision
XM Group
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USDJPY bears face their most crucial test so far
USDJPY continues its decent downtrend. It now tests the support set by the 100-day SMA. Momentum indicators support the current move
XM Group
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All Eyes on OPEC+ Meeting
Market attention is currently focused on the OPEC+ meeting scheduled for today, with widespread expectations that further oil production cuts will be on the agenda, potentially fueling a surge in oil prices
PU Prime
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Market Insights: US GDP and will the US Dollar Weakness Persist?
A lot's been happening in the markets lately, and I've been itching to discuss it with you. We're witnessing a hint of weakness in the US dollar, a trend that's driven it down against various currencies. Last week was surprisingly quiet, not much activity or significant news shaking things up.
ACY Securities
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Dollar Index Slumps, Kiwi Up Ahead of RBNZ, Yen Rallies
The Dollar Index slumped while gold and silver prices soared on hopes that the Fed may start easing policy sooner than expected. Meantime the Kiwi (NZD/USD) found its wings, soaring 0.55% against the Dollar ahead of today’s RBNZ rate decision. New Zealand’s Reserve Bank is expected to keep its Official Cash Rate at 5.5%.
ACY Securities
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hace 330
Surge in German Consumer Confidence Propels EURUSD to New Heights
In the current market scenario, equities exhibit a mixed performance, characterized by narrow ranges, while the foreign exchange (FX) market experiences a temporary stall as participants eagerly await additional data.
ACY Securities
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AUD & NZD in Focus at Start of the Week
The overnight trading session unfolded with a notable lack of volatility. Noteworthy shifts were observed among G10 currencies, with particular attention drawn to the Australian dollar and the yen, as the US dollar remained in a weakened position.
ACY Securities
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Daily Global Market Update
Bitcoin and Apple rise, Aussie Dollar gains, Gold climbs (overbought). Gold hits 6-month high on USD weakness. Chang Pang resigns amid $4.3B settlement. Upcoming: Australia's Construction, US GDP, Japan's Retail Sales, France's Payrolls.
Moneta Markets
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OPEC is likely to extend the production cuts into 2024, as crude prices have fallen by almost 20% since late September.
Crude oil price has declined noticeably over the past two months due to slowing global economy and weaker-than-expected demand. Speculation has grown as to whether OPEC+ will step in and balance the market, propping the prices higher. OPEC+ is set to meet on 30 November and may announce supply cuts. The meeting was previously postponed due to disagreements inside the group.
OctaFX
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Dollar Slides Ahead of PCE
market expectations hint at another rate pause in December, a sentiment that has triggered a decline in the U.S. dollar.
PU Prime
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Fed cut bets continue to weigh on dollar
Dollar extends slide as first 25bps Fed cut seen by June - Fed officials speak ahead of PCE inflation data later this week - Yen gains on reports the BoJ is considering exiting negative rates - Aussie and kiwi stretch rally, RBNZ decision awaited
XM Group
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Gold posts new 6-month high
Gold prices are extending their bullish rally towards a fresh six-month high of 2,018, holding well above the simple moving averages (SMAs) in the daily timeframe.
XM Group
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Weakness in Housing Is No Reason to Be Happy in Equities
Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Weakness in Housing Is No Reason to Be Happy in Equities
FxPro
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Focus on central bank remarks
Asian markets mixed, Japan down, China up. US Treasury steady. UK retail inflation at 17-month low (4.3%). BoE's Ramsden warns of persistent inflation. UK eyes Autumn Statement impact. Fed's Waller's outlook speech awaited. ECB speakers include Nagel, Lane, and Lagarde. Economic data: Eurozone M3 negative, US consumer confidence expected to fall. UK gilt yields retreat, pound above 1.26.
Moneta Markets
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DXY Extends Drop, CAD Outperforms; AUD, NZD, EMFX Edge Up
The Dollar Index (DXY), a popular gauge of the Greenback’s value against a basket of 6 major currencies, extended its drop to 103.40 (103.75) in thin holiday trade. The Canadian Loonie outperformed. The USD/CAD pair slid 0.7% to 1.3615, just over one-month lows from 1.3640 in the previous session.
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