The Australian dollar has posted sharp gains on Thursday. AUD/USD rose as much as 1% before paring most of those gains.
19-09-2024 10:10 GMT
by Kenneth Fisher
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The British pound has extended its gains on Thursday. In the European session, GBP/USD is trading at 1.3282, up 0.53% on the day.
19-09-2024 05:51 GMT
by Kenneth Fisher
The New Zealand dollar has posted gains on Wednesday. NZD/USD is trading at 0.6211 at the time of writing, up 0.44% on the day.
Fed set to cut rates
Federal Reserve meetings are traditionally predictable affairs and don’t move the needle of the financial markets.
18-09-2024 13:38 GMT
by Kenneth Fisher
The euro is calm on Wednesday. EUR/USD is trading at 1.1125 in the North American session at the time of writing, up 0.11% today.
Fed poised to lower rates
The Federal Reserve meets later today and it’s looking like a coin toss as to whether the Fed will lower rates by 25 or 50 basis points.
18-09-2024 12:49 GMT
by Kenneth Fisher
The British pound has gained ground on Wednesday. In the European session, GBP/USD is trading at 1.3224, up 0.48% on the day.
UK core inflation surprises to the upside
First, the good news.
18-09-2024 06:47 GMT
by Kenneth Fisher
The Dow Jones Industrial (DJIA) has managed to print a fresh all-time high in September while the S&P 500 and Nasdaq 100 have yet to break above their July all-time highs.
The US Treasury yield curve bull steepener has reinforced a defensive rotation play in the US stock market.
Watch the key medium-term support of 40,030 on the DJIA.
This is a follow-up analysis of our prior report “US DJIA: UST yield curve un-inversion may help the laggard to catch up” published on 4 July 2024. Click here for
18-09-2024 06:42 GMT
by Kelvin Wong
The Japanese yen is down sharply on Tuesday. USD/JPY is up 0.73% today, trading at 141.64 in the North American session at the time of writing.
17-09-2024 10:31 GMT
by Kenneth Fisher
The Canadian dollar is showing limited movement on Tuesday. Early in the North American session, USD/CAD is trading at 1.3601 at the time of writing, up 0.10% today.
Canada’s CPI declines more than expected
Canada’s inflation rate dropped to 2% in August.
17-09-2024 09:41 GMT
by Kenneth Fisher
The euro has posted strong gains on Monday. EUR/USD is trading at 1.1126 in the North American session at the time of writing, up 0.49% today.
16-09-2024 11:23 GMT
by Kenneth Fisher
The New Zealand dollar has started the new trading week with strong gains. NZD/USD is up 0.55% today, trading at 0.6191 in the European session at the time of writing.
NZ Services PMI improves
New Zealand’s services sector hasn’t shown growth in sixth months but there was a bit of positive news today as the services PMI improved to 45.5 in August, up from an upwardly revised 45.2 in July.
16-09-2024 07:03 GMT
by Kenneth Fisher
Federal Reserve's Upcoming Decision: Markets are split on whether the Fed will cut rates by 25 or 50 bps.
Key data releases from China, Japan, the UK, and the US will shape market sentiment and potentially set the tone for Q4 2024.
The DXY is nearing a critical support level, and its direction could determine the US Dollar's trajectory ahead of the US election.
Read More: Germany 30 Technical: A potential bearish reversal looms
Week in Review: Market Participants Left with More Questions
As t
13-09-2024 14:06 GMT
by Zain Vawda
The New Zealand dollar is slightly lower on Friday after sharp gains a day earlier. NZD/USD is trading at 0.6163 at the time of writing, down 0.27% on the day.
13-09-2024 08:17 GMT
by Kenneth Fisher
The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%.
An upbeat BoJ’s monetary policy statement next Friday may trigger another round of JPY strength.
Watch the key levels of 83.80 and 91.60 on the NZD/JPY.
This is a follow-up analysis of our prior report “JPY crosses face another round of potential downside pressure as NFP looms” published on 6 September 2024. Click here for a recap.
13-09-2024 07:28 GMT
by Kelvin Wong
The euro has extended its gains on Friday. EUR/USD is trading at 1.1091 in the European session at the time of writing, up 0.13% today.
13-09-2024 05:08 GMT
by Kenneth Fisher
The recent rebound from its 10 September low of 18,186 has faced a hurdle to clear above its 20-day moving average.
Several key elements are advocating for a potential short to medium-term bearish reversal.
Watch the key resistance at 18,660.
After the 9.4% drop seen in the Germany 30 CFD Index (a proxy for the DAX futures) from the 12 July 2024 high to the 5 August 2024 low, its price actions have recouped all its prior losses and revisited its current all-time high area at 18,930/18,994.
12-09-2024 21:59 GMT
by Kelvin Wong
Wall Street indexes paused after Wednesdays rally as Core PPI came in hot.
Moderna shares plunged 17.8% due to lower-than-expected sales projections.
Nasdaq 100 shows potential for upward movement, but technical hurdles persist.
Most Read: Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout?
The major Wall Street Indexes have all taken a breather today following a significant rally on Wednesday.
12-09-2024 14:03 GMT
by Zain Vawda
The New Zealand dollar is showing little movement on Thursday. NZD/USD is trading at 0.6139 at the time of writing, up 0.05% on the day.
New Zealand’s Manufacturing PMI expected to improve
New Zealand’s manufacturing sector has been in the doldrums, as the manufacturing PMI has posted 17 consecutive declines.
12-09-2024 10:23 GMT
by Kenneth Fisher
The Australian dollar has posted slight gains on Thursday. In the European session, AUD/USD is up 0.16%, trading at 0.6684 at the time of writing.
Australia’s inflation expectations dip to 4.4%
Australia’s consumer inflation expectations eased to 4.4% in September, down slightly from 4.5% in August but above the forecast of 4.1%.
12-09-2024 09:10 GMT
by Kenneth Fisher
The euro continues to show limited movement and is almost unchanged on Thursday. EUR/USD is trading at 1.1010 in the North American session at the time of writing.
ECB expected to deliver 25 bps cut
The European Central Bank meets later today and the markets are expecting a rate cut of 25 basis points, which bring down the key rate to 3.5%.
12-09-2024 05:05 GMT
by Kenneth Fisher
Bitcoin prices rebounded due to increased ETF inflows, ending an 8-day outflow streak.
BlackRock warns of continued market volatility, citing recession concerns, US election anxiety, and investor sell-offs.
On-chain data indicates decreased investor engagement and trading volumes in Bitcoin and Ethereum.
Most Read: Gold (XAU/USD) Flirts with All-Time Highs. Will US CPI Prove the Catalyst for a Breakout?
Bitcoin prices have recovered last week's losses as ETF flows snap an 8 day streak of outflo
11-09-2024 13:41 GMT
by Zain Vawda