Exness_Official

Exness_Official

Traders have mostly discounted the latest single cut by the European Central Bank (‘the ECB’) since that was widely expected and the comments in the subsequent press conference didn’t give any significant new information. Inflation has also risen in the eurozone in the last two months but hasn’t reached as high as in the USA. The difference in rates between the...

Exness_Official

British data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step...

Exness_Official

Traders have mostly discounted the latest single cut by the European Central Bank (‘the ECB’) since that was widely expected and the comments in the subsequent press conference didn’t give any significant new information. Inflation has also risen in the eurozone in the last two months but hasn’t reached as high as in the USA. The difference in rates between the...

Exness_Official

XAUUSD corrected to 2680 after briefly retesting the previous high, indicating a mean reversion before continuing its surge. If XAUUSD sustains above 2680, the price may continue consolidating before resuming an uptrend. On the contrary, if XAUUSD closes below 2664, the price may shift to a downtrend.

Exness_Official

¥155 remains the key support for EURJPY on the daily chart; however, the latest downward movement has paused before reaching that area. Participants have mostly discounted recent political instability in France since the government’s collapse had been widely expected. Meanwhile in monetary policy the European Central Bank is likely to cut the deposit facility rate...

Exness_Official

GBPJPY moved up after the latest test of ¥188 as it now appears unlikely that the Bank of England will cut rates this month although the Bank of Japan still seems to be on track to tighten policy in the near future. In a recent interview Andrew Bailey indicated that four cuts are likely next year; the difference in rates for pound-yen is unlikely to go below 3%...

Exness_Official

Gold prices were volatile in a tight range amid mixed US data and cautious Chair Powell's speech. Zimbabwe’s Nov gold production rose 53% YoY to 3,766 kg, reflecting increased supply following a period of high prices. However, JP Morgan calls for 3,000 USD per troy ounce target in 2025, but short-term volatility from political headlines remains XAUUSD...

Exness_Official

EURUSD consolidated within the ascending channel and fluctuated around the EMAs, indicating its sideways trend. If EURUSD breaks below the channel’s lower bound and the support at 1.0450, a further drop toward 1.0400 might occur. Conversely, if EURUSD sustains gains above 1.0450, the price could rise toward the resistance at 1.0600

Exness_Official

Crude oil prices have come off their earlier highs after starting the day brightly following some stronger-than-expected activity data out of China at the weekend. This could be a pivotal week for the crude oil market. With key US economic data on the horizon and the OPEC+ meeting later this week to discuss oil production targets, market participants are bracing...

Exness_Official

XAUUSD consolidated in 2620- 2666 while remaining near both parallel EMAs, indicating a sideways structure. However, the higher lows suggests an upward breakout. If XAUUSD consolidates further, the price may remain within the 2620-2666 range. Conversely, a breakout in any direction may indicate the next trend with an uptrend bias.

Exness_Official

US job openings, Australian GDP growth rate, US services PMI, Canadian unemployment rate, US job report Tuesday: US job openings is expected to be released at 15:00 GMT. The expectations are for an increase in the figure of around 50,000 jobs but this might not have a significant effect on the dollar since the data is for the month of October and also all eyes...

Exness_Official

Gold prices fell on Monday due to a stronger Dollar and profit-taking, while investors await key US economic data like the US services PMI and the job report, to gauge the federal reserve’s next steps on monetary policy. The Dollar index (DXY) strengthened, leading to gold price decline while markets anticipate a 65% chance of a 25-basis-points rate cut in...

Exness_Official

Crude oil prices rose due to positive factory output data from China and ongoing unrest in the Middle East. The OPEC+ meeting is expected to result in a delay of production cuts for next year, highlighting the challenge of balancing market support and maintaining market share.Traders are expecting OPEC+ to delay a production increase, with oil trading within a...

Exness_Official

Recent American data generally in line with expectations supported the impression that the Fed will continue to cut gradually, while the RBNZ’s double rather than triple cut on Wednesday also gave some support recently to NZDUSD. The selection of Scott Bessent as incoming American Treasury Secretary has somewhat decreased the likelihood of immediate large...

Exness_Official

After breaking the channel's lower bound, USDJPY declined to a month-low nearly 150.00. The price rebounded with diverging bearish EMAs, indicating the bearish momentum. If USDJPY breaks below 150.00, the price may fall to the following support at 148.00. Conversely, if USDJPY breaches above 152.70, the price could rise to the next resistance at 154.00

Exness_Official

EURUSD continued its recovery and retested the resistance at 1.0580. The converging EMAs indicate a potential trend reversal. If EURUSD sustains its bullish momentum and breaks above 1.0580, the price may retest 1.0630. On the contrary, returning below 1.0530 may suggest a potential bearish expansion to 1.0480

Exness_Official

The pound has made strong losses against the US dollar in the third quarter so far, having been overheated in September. Donald Trump’s election has generated some negativity due to the likely introduction of tariffs and general deterioration of relations between the UK and USA. However, with the BoE now much less likely to cut rates next month and with only two...

Exness_Official

Compared to cable, the pound’s performance against the yen in the third quarter so far has been much better. The Bank of Japan’s governor Kazuo Ueda reiterated recently that any upcoming further rate hikes would be gradual and according to economic conditions. ¥205, corresponding to about ¥160 for dollar-yen, might be the area of further governmental intervention,...