Thursday, December 2, 2021

Oil Eyes OPEC+, Gold Surprisingly Steady

Oil edges higher ahead of massive OPEC+ meeting Oil remains extremely volatile ahead of tomorrow’s OPEC+ meeting when the group will decide if and...

Hot Stories

US Stocks Extended Selloff on Faster Fed Tapering, Dollar Mixed

While the US stock extended the near term steep pull back overnight, Asian markets are relatively steady and are just mixed. Major currency pairs...

Crude Oil Price Turns Red Below $70

Key Highlights Crude oil price started a downside correction below $75.00. A key bearish trend line is forming with resistance near $70.20 on the...

Australia trade surplus narrowed to AUD 11.22B in Oct

Australia exports of goods and services dropped -3% mom to AUD 43.05B in October, driven by falls in iron ore prices. Goods and services...

BoJ Suzuki: Effective and sustainable monetary easing to persistently continue

BoJ board member Hitoshi Suzuki said in a speech, “to achieve the price stability target of 2 percent, the Bank is expected — even...

Fed Mester very open to consider faster tapering

Cleveland Fed President Loretta Mester told Bloomberg TV, “making the taper faster is definitely buying insurance and optionality so that if inflation doesn’t move...

Fed Williams: To complete tapering earlier is a decisive to grapple with

New York Fed President John Williams said in an FT interview that Omicron “adds a lot of uncertainty to the outlook”. It will “will...

AUD/USD Remains Near 0.6050

The Australian Dollar declined by 88 pips or 1.45% in value against the US Dollar on Friday. The currency pair was pressured lower by...

Singapore Retail Sales (YoY) came in at -1.8%, below expectations (0.3%) in April

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MUST READ

Regulation

Gold breaks 1850, eyes on 1.2177 temporary top in EUR/USD

Just within an hour from our last update, Gold resumes the rebound from 1764.31 and break through 1850.50 handle. 55 day EMA (now at...

NZD/USD advances to multi-week highs near mid-0.63s

Attention remains on United States (US)-China trade negotiations. US Dollar Index extends losses below the 98.50 mark on Friday. Coming up: Consumer Confidence data from the...

Asia's Worst Currency May Continue Its Slide, Deutsche Bank Says

© Reuters. Asia's Worst Currency May Continue Its Slide, Deutsche Bank Says (Bloomberg) -- The worst may not be over for the Korean won, according...

Accept Losses and Become a Consistent Trader

Learn to take losses. The most important thing in making money is not letting your losses get out of hand – Marty Schwartz Accepting...

Australia: Employment Surges as Economy Opens in 2021

February Labour Force Survey. Total employment: 88.7k from 29.5k, unemployment rate: 5.8% from 6.3%, participation rate: 66.1% from 66.1%. February was cracking result with...

USD/IDR technical analysis: Retreats from 21-day EMA

Even after rising to 8-day high, USD/IDR couldn’t clear 21-day exponential moving average (EMA), resulting in a pullback towards 13,985 by early Wednesday.

Market News

AUD Bullish: Dalian iron ore jumps over 4% on supply risks

Iron-ore prices traded on the Chinese Dalian Commodity Exchange (DCE) jumped over 4% so far this Tuesday on rising concerns over a supply crunch,...

British Pound Declines As No-Deal Worries Resurface

For the 24 hours to 23:00 GMT, the GBP declined 0.70% against the USD and closed at 1.2995, as no-deal fears re-emerged, after British...

AUD/USD pulls back to 200-HMA ahead of RBA’s Debelle speech

The AUD/USD pair is currently trading around the 200-hour moving average of 0.6770, having faced rejection at the 21-day moving average at 0.6781 in...

USDJPY Bearish Under 107.10

The US dollar is attempting to recover against the Japanese yen currency, following last weeks bearish price reversal under the 107.00 support level. The...

The Dollar Thrives In Nervous Covid Markets

Dollar rises despite lower yields Some degree of safe-haven flows appears to be emerging in the US dollar as it rallied impressively overnight. The...

LATEST POSTS

AUDUSD Tries To Test 2-Year High, Remains In Trading Range

AUDUSD is surpassing the 0.7340 barrier in the consolidation area of 0.7000-0.7413. The upside tendency this month started after the bounce off the 0.7000 psychological...

When is the Fed interest rate decision and how could it affect EUR/USD?

The Federal Reserve will announce its decision on monetary policy at 18:00 GMT.  Jerome Powell will hold a press conference at 18:30 GMT.  Key notes The Federal...

Hong Kong SAR Nikkei Manufacturing PMI came in at 41.5, above expectations (37) in September

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ECB: What Did We Learn Today?: EUR/USD

The ECB had their March Interest Rate Decision meeting earlier. Expectations ranged across the board; however, nothing was too significant. The main takeaway from the...

Japan’s Suga: Not heard specific date for the US-Japan Deal

Following the comments from the US President Trump and his Japanese counterpart Abe, the Japanese Chief Cabinet Secretary Suga is on the wires now, vi

FOMC Preview – Fed to Update Forward Guidance on QE

At the last meeting of the year, we expect the Fed to be more cautious about the near-term outlook, while more optimistic over the longer-term....

Pace Of US CPI Inflation To Test Dollar Bulls

While the Fed has distinctly stated that a potential shift in monetary tightening is strictly conditional on whether the US labor market will make significant...

AUD/USD Outlook: Aussie Extends Weakness On Rising China Virus Fears

The Australian dollar holds firmly in red and extended weakness to new low at 0.6722 on Thursday (the lowest since 10Oct). China virus fears continue...

Asian stocks rise despite trade uncertainty, caution ahead of US jobs data

Asian equities are reporting gains despite lingering trade issues.  A weaker-than-expected US jobs data would further cement dovish Fed expectations.  Asian stocks are flashing moderate gains this...