The Dow Jones Industrial Average (DJIA) is trading in a tight range on Thursday, testing close to record highs set earlier this week near 43,800.

The Mexican Peso rallied against the Greenback on Thursday after Donald Trump’s victory in the US presidential election.

EUR/USD trimmed its wick on Thursday, easing back below the 1.0800 handle after the Federal Reserve (Fed) delivered a widely-anticipated 25 bps rate trim.

The US Dollar Index (DXY) rebounded somewhat after the Federal Reserve (Fed) cut its benchmark interest rate by 25 basis points, bringing it to 4.50%-4.75%.

The AUD/USD currency pair declined but holds gains around 0.6640 after the Federal Reserve (Fed) cut its target range for the federal funds rate by 25 basis points on Thursday.

Gold prices held firm and posted gains of over 1% after the Federal Reserve (Fed) lowered interest rates by 25 basis points (bps), as expected.

USD/JPY roiled just north of the 153.00 handle on Thursday as investors grapple to find something motivational after the Federal Reserve (Fed) widely met market expecations and delivered a quarter-point interest rate cut on November 7.

The Greenback came under pressure as investors cashed out part of Wednesday’s “Trump trade” robust gains, while the Fed delivered a largely telegraphed 25 bps rate cut and Chief Jerome noted that inflation keeps heading towards the 2% target.

Gold prices climbed above $2,700 after the Federal Reserve (Fed) decided to lower interest rates and acknowledged that US election effects would not be felt in the near term.

The USD/CAD pair flat lines near 1.3860 during the early Asian session on Friday.

The NZD/USD pair trades with a mild negative bias near 0.6020 during the early Asian session on Friday.

The GBP/USD pair edges lower to around 1.2975 during the Asian trading hours on Friday.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday.

The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Friday and stalls the previous day's recovery move from the lowest level since July 30.

The Indian Rupee (INR) weakens on Friday. The local currency depreciated to record lows again in the previous session amid weak domestic equities and sustained foreign fund outflows.

West Texas Intermediate (WTI) Oil price steadies around $71.50 per barrel during the Asian session on Friday, positioning for a weekly gain of over 3%.

Gold price (XAU/USD) struggles to capitalize on the previous day's solid rebound from the 50-day Simple Moving Average (SMA) support near the $2,643 area, or over a three-week low and attracts some sellers during the Asian session on Friday.

NZD/USD depreciates as the New Zealand Dollar (NZD) receives downward pressure from the concerns about Donald Trump’s proposals to raise tariffs on Chinese goods, given that New Zealand is a close trading partner to China.

The EUR/USD pair plunges to near 1.0780 amid the renewed US Dollar (USD) demand on Friday during the Asian trading hours.

The global market sentiment remains tense, affected by multiple factors, including the aftermath of the US Presidential election, anticipation of further stimulus from China, and new geopolitical concerns in the Middle East.

The USD/CHF pair drifts higher to around 0.8730 during the early European session on Friday.

AUD/JPY retraces its recent gains from the previous session, trading around 101.60 during the early European hours on Friday.

The EUR/GBP cross remains on the defensive around 0.8310 on Friday during the early European trading hours.

Here is what you need to know on Friday, November 8: Following two days of highly volatile action, financial markets stay relatively quiet early Friday as investors digest the Federal Reserve's (Fed) policy announcements following Donald Trump's victory in the presidential election.

London stocks were set to rise at the open on Friday at the end of a busy week, as investors mulled rate cuts by the Bank of England and the Federal Reserve.

Santander will not cut the interest rate for customers with a standard variable rate mortgage until December 3.

The Pound Sterling (GBP) trades lower against the US Dollar (USD) below the psychological resistance of 1.3000 in Friday’s London session.

The AUD/USD pair fails to capitalize on the previous day's strong move-up to the 0.6700 neighborhood, or a two-week top and retreats from the vicinity of the 100-day Simple Moving Average (SMA) resistance.

The People’s Bank of China (PBOC) published its third-quarter monetary policy report on Friday, with the key findings noted below.

As expected, the Bank of England (BoE) yesterday cut interest rates by 25 basis points and lowered its inflation forecast for the fourth quarter, Commerzbank’s FX analyst Michael Pfister notes.

The NZD/USD pair struggles to extend Thursday’s recovery move above 0.6050 and corrects to near the psychological support of 0.6000 in Friday’s European session.

The Mexican Peso (MXN) trades lower in its key pairs on Friday after rising up and meeting resistance near the top of a falling channel it has been steadily declining in since Mexico’s June elections.

A large portion of the election move in the US Dollar (USD) has been unwound.

Check back for updates throughout the trading day

EUR/USD traded briefly above 1.080 yesterday on the back of the broad-based unwinding of post-election USD longs.

The USD/JPY pair falls further to near 152.00 in European trading hours on Friday.

As expected, Norges Bank left the policy rate at 4.50% yesterday.

The Fed in its 6/7 Nov 2024 Federal Open Market Committee (FOMC) meeting, unanimously decided to reduce the target range of its Fed Funds Target Rate (FFTR) by 25-bps to 4.50-4.75%, in line with our and broad market expectations.

The US Dollar (USD) stablizes around the mid-104.00 region on Friday after founding support as investors digest the Federal Reserve’s (Fed) decision to lower its monetary policy rate by 25 basis points to the 4.50%-4.75% range on Thursday.

The Riksbank went all out yesterday by cutting the policy rate by 50 basis points from 3.25% to 2.75%, while signaling that more could follow: ‘The policy rate may also be cut in December and during the first half of 2025, in line with what was communicated in September.’ This confirms the view that the Riksbank was planning on 75 basis points by the end of the year anyway and has therefore taken the big step yesterday, only to follow up with another 25 basis points in December, Commerzbank’s FX analyst

Crude Oil dips slightly on Friday but remains within the tight range it has been trading in the past four days. The market euphoria following President-elect Donald Trump’s victory appears to be fading as energy markets shift their focus to China, where the

The USD/CAD pair jumps above the key resistance of 1.3900 in Friday’s North American session.