Crude Oil falls after EIA release that comes in above consensus
Crude Oil prices are falling in red on Wednesday, after earlier getting close to the $70 round level,  as geopolitical tensions – namely the escalation in the war between Russia and Ukraine – take over market sentiment to the detriment of stockpile data.
USD/CHF Price Forecast: Extends recovery above 0.8850
The USD/CHF pair extends its recovery above 0.8850 in the North American trading session on Wednesday.
AUD/USD Price Forecast: Slumps to near 0.6500 as Fed dovish bets ease
The AUD/USD pair drops sharply to near the psychological support of 0.6500 in the North American trading session on Wednesday.
Financial Inclusion: Nigeria leads in instant payment system inclusivity index in Africa— Report
The State of Inclusive Instant Payment (SIIP) is an annual report published by the AfricaNenda Foundation.
Mexican Peso drops on risk-aversion, Retail Sales eyed
The Mexican Peso erased some of Tuesday's gains versus the Greenback as geopolitical risks continued to drive the financial markets amid a possible escalation of the Russia-Ukraine conflict.
Will NVIDA’s earnings crash the stock market?
In our previous update, we asked if the outcome of the US presidential elections could crash the stock market.
Forex Today: Back to US data and Fedspeak
The US Dollar regained balance and rose to weekly highs on the back of the resurgence of the Trump-infused impulse, all prior to key data releases in the second half of the week as well as comments from Fed’s rate setters..
Australian Dollar pulls back from weekly high as USD rebounds
The AUD/USD declined by 0.64% to 0.6495 on Wednesday. The decline came after the pair touched a one-week high earlier in the session.
Jamaica's economy dips by 2.8 per cent during July to September 2024 quarter
Jamaica's economy contracted by 2.8 per cent in real value added during the July to September 2024 quarter due mainly to Hurricane Beryl which cost Jamaica $32 billion, according to the Planning Institute of Jamaica (PIOJ). “The estimated...
Canadian Dollar ends win streak before it can fully begin
The Canadian Dollar (CAD) is back to its losing ways, backsliding 0.1% against the Greenback on Wednesday.
Babri judgment emboldened Hindutva groups to target mosques: Owaisi
Hyderabad, Nov 20 (IANS): AIMIM President Asaduddin Owaisi said on Wednesday that the Babri Masjid judgment has emboldened Hindutva groups to target Muslim places of worship across India. The Hyderabad MP cited the case of Shahi Jama Masjid at Chandausi, Sambhal, Uttar Pradesh. “Within three hours of the applicatio.....
NZD/USD drifts higher above 0.5850, focus on Fedspeak
The NZD/USD pair posts modest gains to around 0.5875 during the early Asian session on Thursday.
GBP/USD grapples with the low side after CPI upswing fails to spark a bid
GBP/USD struggled to find a direction on Wednesday, testing the bounds of the 1.2700 handle before facing a downside rejection and ending the midweek market session a fifth of a percent lower than it started.
USD/CAD remains capped below 1.4000, eyes on US jobs data, Fedspeak
The USD/CAD pair trades on a softer note around 1.3970 amid the modest decline in the Greenback during the early Asian session on Thursday.
EUR/USD recovery fizzles out just above 1.05
EUR/USD bulls frayed at their ends during the midweek hump session, giving back nearly half of a percent and keeping Fiber price action hamstrung just north of the 1.0500 major handle.
WTI steadies near $69.00 amid geopolitical risks, rise in US crude stock
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.95 on Thursday.
Australian Dollar remains steady as US Dollar edges lower, weekly Jobless Claims awaited
The Australian Dollar (AUD) retraces its recent losses on Thursday, buoyed by a hawkish outlook from the Reserve Bank of Australia (RBA) concerning interest rates.
Japanese Yen reverses Wednesday's losses against USD after BoJ Governor Ueda's comments
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Thursday and drags the USD/JPY pair away from the weekly top touched the previous day.
USD/INR rises as weak local equities drag Indian Rupee to all-time low
The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower.
Gold price weekly uptrend remains uninterrupted despite positive risk tone
Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and climbs to the $2,660 area, or a fresh one-and-half-week high during the Asian session on Thursday.
GBP/USD trades above 1.2650, upside potential seems limited due to cautious Fed
GBP/USD edges higher to near 1.2650 during the Asian trading hours on Thursday.
EUR/JPY Price Forecast: Bears have the upper hand while below 200-period SMA on H4/164.00
The EUR/JPY cross meets with a fresh supply following the previous day's good two-way price swings and trades around the mid-163.00s during the Asian session on Thursday, down 0.20% for the day.
China's government advisers advocate for 2025 growth target of around 5%
Four Chinese government advisers advocated for a 2025 growth target of around 5%, similar to this year, Reuters reported on Thursday.
EUR/USD edges higher to near 1.0550, downside risks appear due to safe-haven flows
EUR/USD appreciates slightly after registering losses in the previous session, trading around 1.0550 during the Asian hours on Thursday.
USD/CHF edges lower amid geopolitical tensions; holds above 0.8800 on bullish USD
The USD/CHF pair struggles to capitalize on the previous day's recovery from the vicinity of the 0.8800 mark or a one-week low and attracts fresh sellers during the Asian session on Thursday.
JMEA, UTech partner to address skilled labour shortage in manufacturing
The Jamaica Manufacturers and Exporters Association (JMEA) has partnered with the University of Technology, Jamaica (UTech, Ja) to address the shortage of skilled labour in Jamaica’s manufacturing industry. The two entities have signed a...
AUD/JPY Price Forecast: The crucial support level emerges near 100.00
The AUD/JPY cross trades in a narrow range near 101.05 during the early European session on Thursday.
APC governors to collaborate with National Assembly on Tax Reform Bills
The governors said the bills will reform the taxation system and tax administration in Nigeria.
GBP/JPY Price Forecast: Falls toward 195.50 after breaking below nine-day EMA
The GBP/JPY cross pares its recent gains, trading around 195.80 during the early European hours on Thursday.
Pound Sterling weakens even though hot UK CPI diminishes BoE dovish bets
The Pound Sterling (GBP) weakens against most of its peers on Thursday even though traders doubt whether the Bank of England (BoE) will cut interest rates again in the December meeting.
NZD/USD depreciates to near 0.5850 due to rising odds of a bumper RBNZ rate cut
NZD/USD extends its losses for the second consecutive day, trading around 0.5860 during the European hours on Thursday.
USD/CAD remains subdued around 1.3950 following improved crude Oil prices
USD/CAD retraces its recent gains from the previous day as the commodity-linked Canadian Dollar (CAD) receives support from the improved crude Oil prices amid rising fears of supply disruption amid geopolitical tensions.
AUD/USD holds steady above 0.6500 on softer USD, ahead of US Jobless Claims, FedSpeak
The AUD/USD pair attracts some dip-buyers on Thursday and sticks to its modest intraday gains, around the 0.6520 area during the first half of the European session.
Mexican Peso consolidates ahead of Retail Sales data
The Mexican Peso (MXN) consolidates in its most-heavily traded pairs during the European session on Thursday.
EUR/USD stays under pressure as ECB officials support more rate cuts
EUR/USD remains vulnerable above the psychological support of 1.0500 in European trading hours on Thursday.
USD/CHF Price Forecast: Trades sideways below 0.8850
The USD/CHF pair consolidates in a tight range below 0.8850 in European trading hours on Thursday.
EUR/GBP Price Forecast: Returns to comfort of the range
EUR/GBP continues trading in a range. The pair is probably now in a sideways trend and given the principle of technical analysis that “the trend is your friend” it will probably continue oscillating until it makes a decisive breakout one way or another.
Crude Oil edges up, in second consecutive attempt to overcome $70
Crude Oil prices are trying to break above $70 for a second consecutive day, fueled by headlines that Russia has launched a ballistic missile into Ukraine for the first time in the war, Bloomberg reports.
USD/JPY declines to near 154.00 even though US Dollar ticks up
The USD/JPY pair slides to near 154.00 in Thursday’s European session.
last updated on 21 Nov 11:55