ASX hits record high in thin trade, but double top clouds the outlook
November 28, 2024 10:32 PM
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AUD/JPY, AUD/USD drop like a tonne of BRICS
I thought we might make it a bit closer to 2025 before the selloff an anticipated selloff on AUD/JPY unfolded. But we're reminded that Trump can make or break sentiment on a whim with his eye now on BRICS countries, which saw AUD/USD fall alongside the FX barometer of risk on Monday.
USD/CAD Defends Post-US Election Rally to Eye November High
USD/CAD may test the November high (1.4178) as it appears to be defending the rally following the US election.
Yen Strength Returns: USD/JPY, EUR/JPY Sell-Offs Gain Steam
Both USD/JPY and EUR/JPY have sold off over the past week and with the BoJ policy review expected in a couple of weeks, Yen-strength scenarios seem to be gaining steam.
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AUD/JPY, AUD/USD drop like a tonne of BRICS
Today 10:00 PM
USD/CAD Defends Post-US Election Rally to Eye November High
Today 08:30 PM
Gold Goes for Recovery After Bitcoin, Trump-Fueled Pullbacks
Today 05:03 PM
AUD/USD Approaches November Low with Australia GDP on Tap
Today 04:15 PM
USD/JPY forecast: Currency Pair of the Week – December 2, 2024
Today 01:28 PM
Gold Goes for Recovery After Bitcoin, Trump-Fueled Pullbacks
Gold just finished its worst month in more than a year, and Bitcoin was a big beneficiary as anti-fiat flows drove into crypto-currencies following the Presidential election win of Donald Trump.
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AUD/USD Approaches November Low with Australia GDP on Tap
AUD/USD approaches the November low (0.6434) as it gives back a three-day rally.
Forex Seasonality – December 2024: Can EUR/USD and AUD/USD Rally?
EUR/USD and AUD/USD are heading into their strongest month, hinting at rally potential after November drops.
Crude oil forecast: Crucial week as OPEC meeting and key data loom
This could be a pivotal week for the crude oil. With key US economic data on the horizon and the OPEC+ meeting later this week to discuss oil production targets, market participants are bracing for significant developments.
Nasdaq 100 Forecast: QQQ rises ahead of a data-heavy week
U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.
USD/JPY forecast: Currency Pair of the Week – December 2, 2024
With a jam-packed calendar this week, including, ISM Manufacturing and Services PMIs, the closely watched JOLTS Job Openings report, and the monthly Non-Farm Payrolls report to come, traders are bracing for volatility. These data points are expected to influence the USD/JPY forecast, especially with both the Fed and BoJ policy decisions looming in December.
EUR/USD, FTSE Forecast: Two trades to watch
EUR/USD falls amid French political uncertainty, FTSE inches higher after strong Chinese manufacturing data, but UK data disappoints.
Equities week ahead: Salesforce, Lululemon, Berkeley Group
Earnings this week from Salesfore, Lululemon and Berkeley Group are in focus
Bullish bets on the yen continue to gain traction: COT report
We may have seen an important swing low on the yen looking at the change of speculative market positioning. And that could see a much deeper pullback on USD/JPY.
AUD/USD weekly outlook: Can seasonality save the Aussie?
AUD/USD has done a poor job of tracking its seasonality overall this year so far. And given it’s taking its directional cue from China while any pullback on the USD may be limited, I'm not hanging my hat on a particularly strong December for AUD/USD.
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