FXBANkthe8055

FXBANkthe8055

On the data necessary for the next rate hike, Ueda told a post-meeting news conference, “It is difficult to specify exactly which data we are referring to, but the overall trajectory has remained on track over the past few months. Based on this, the likelihood of our projections being realized has increased to some extent." "However, before making a decision on...

FXBANkthe8055

Gold prices inched higher on Monday, supported by a softer dollar, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's interest rate stance. Spot gold GOLD rose 0.2% to $2,643.69 per ounce by 0229 GMT. U.S. gold futures GOLD climbed 0.1% to $2,656.80. "A subdued...

FXBANkthe8055

Gold edges higher in early Asian trade, ahead of key U.S. economic data this week such as the monthly jobs report for November. The data will provide clues on the Federal Reserve's monetary policy outlook, says FlowCommunity's commercial director Tito Iakopa in an email. Gold typically has an inverse relationship with interest rates, with high rates damping demand...

FXBANkthe8055

Mexico is now the US's largest trading partner and the auto sector is set to be one of the hardest hit. Meanwhile, the peso is down about 20% so far this year, and the depreciation has accelerated since Trump’s election, driven by a stronger dollar and doubts about whether the Federal Reserve can continue cutting interest rates amid Trump’s potentially...

FXBANkthe8055

The FX volatility upon which options thrive is an unknown, yet key part of their premium, so implied volatility is used as a substitute. A sharp increase in overnight expiry NZD related implied volatility since including Wednesday's Reserve Bank of New Zealand policy announcement, shows that option dealers are expecting a significant FX reaction.

FXBANkthe8055

U.S. stock index futures inched higher on Tuesday, building onto gains, while investors assessed the implications Donald Trump's tariffs on top trade partners could have on the local economy. The president-elect said he would impose a 25% conditional tariff on Canadian and Mexican imports that could violate a free-trade deal he negotiated during his previous...

FXBANkthe8055

JPY-related FX and options markets remain focused on any clues regarding the Bank of Japan's policy trajectory. Recent speculation and market moves underline the high sensitivity to potential signals, but when might the BoJ provide clearer hints? Market reaction to Ueda's speech on Monday USD/JPY spot fell initially, while FX option implied volatility and...

FXBANkthe8055

Deutsche Bank has released a matrix of potential market reactions to various US election scenarios, while admitting that its own team is divided and the reactions are highly uncertain. "We see the most bullish dollar outcome as a red sweep and the most bearish dollar outcome on a blue sweep, but the magnitude of the moves is likely larger in the former," the...

FXBANkthe8055

U.S. crude oil inventories are expected to have decreased by around 5.8 million barrels in the week ended Nov. 22, compared with an increase of 0.5 million barrels the previous week, Macquarie said in a Monday note. Macquarie forecast a large drop in net imports, with exports lower by 0.3 million barrels per day (b/d) and imports falling 1.9 million b/d. Implied...

FXBANkthe8055

Silver prices remained around $30.30 per ounce on Tuesday, following a more than 3% decline in the previous session, as demand for safe-haven assets like precious metals faded. The pullback came amid reports that Israel and Hezbollah were nearing a ceasefire agreement, which helped ease tensions in the Middle East. Market sentiment was further bolstered by the...

FXBANkthe8055

Billionaire and X owner Elon Musk posted a meme depicting Doge today. Although he directly referred to the Department of Government Efficiency, the meme asset Dogecoin also pumped briefly. Is Musk deliberately trying to boost DOGE through these seemingly unrelated tweets? A recent class-action lawsuit against him directly addressed this possibility.

FXBANkthe8055

Donald Trump raised the specter of a global trade war when he took to his platform Truth Social late on Monday to threaten 25% tariffs on Mexico and Canada when he returns to the White House if they don't better control their borders. President-elect Trump also threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20,...

FXBANkthe8055

Donald Trump raised the specter of a global trade war when he took to his platform Truth Social late on Monday to threaten 25% tariffs on Mexico and Canada when he returns to the White House if they don't better control their borders. President-elect Trump also threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20,...

FXBANkthe8055

Gold traded around $2,570 per ounce on Friday, heading for its worst week since June 2021, pressured by a strong US dollar and reduced expectations for Federal Reserve rate cuts, which diminished the appeal of non-interest-bearing gold. On Thursday, Fed Chair Powell signaled that there was no immediate need to cut rates, citing the strength of the economy, a...

FXBANkthe8055

After the US election, digital asset investment products attracted $1.98 billion in inflows, marking the fifth consecutive week of positive inflows. This resulted in year-to-date total inflows to hit a new record of $31.3 billion. Global assets under management also hit an all-time high of $116 billion following recent price increases. Trading volumes surged by...

FXBANkthe8055

Bitcoin is trading in uncharted territory, potentially approaching the six-figure price tag for the first time in history. The Bitcoin BTCUSD price broke above a new high of $82,410 at 10:19 am UTC on Nov. 11, Bitstamp data shows.

FXBANkthe8055

(MaceNews) – Japanese Prime Minister Shigeru Ishiba was re-elected in a rare parliamentary run-off vote on Monday after the ruling coalition lost a majority in the Lower House general election about two weeks ago as many voters, weary of high costs, punished Ishiba’s conservative Liberal Democratic Party for its political funding scandal. Ishiba continues to face...

FXBANkthe8055

Gold futures fall 1% to $2,668.20 a troy ounce. The precious metal has been pressured by profit-taking triggered by the U.S. election, SP Angel analysts say in a note. This suggests traders were positioned for a less clear-cut outcome, they say. A stronger U.S. dollar after Trump's victory gas also been weighing on prices, the analysts write. The next catalyst for...