


DynamicCapital-FX
Indian refineries are still incentivized to buy Russian Urals oil, says Commerzbank Research's Carsten Fritsch. President Trump inflicted stiff tariffs on New Delhi--including a 25% levy for its purchases of Russian oil--but Indian Prime Minister Narendra Modi appears unwilling to bow to U.S. pressure. Meanwhile, the Kremlin cut the price of its oil in order to...
Precious metals have extended already impressive year-to-date rallies on expectations of imminent rate cuts and mounting concerns over the Federal Reserve's independence, MUFG analysts say in a note. Lower rates typically boost noninterest bearing bullion's appeal. Investors are also seeking out safe-haven assets amid persistent geopolitical, economic and trade...
Investors are watching US labor market data this week for clues on the size of a Federal Reserve rate cut later this month. The dollar has also been weighed down by concerns over Fed independence, after a court hearing on President Trump’s bid to remove Fed Governor Cook ended without a ruling, keeping her in place for now. Trade uncertainty adds to the...
The rally was driven by market expectations of Federal Reserve rate cuts and robust industrial demand. Recent US data showed core PCE inflation rising 2.9% annually in July, the fastest since February, while consumer spending jumped the most in four months, signalling economic resilience. These figures kept September rate cut expectations intact, with Fed Governor...
This year, your best iPhone upgrade might be a fresh battery, a clean screen and some new software tricks. Plus, the extra cash you get to keep in your pocket.
XRP is trading near an important support zone, with traders watching for signs of direction. Analysts are weighing two key scenarios: either a continued rebound or a deeper pullback in early September. Market structure, on-chain activity, and regional demand are all being considered as the final quarter of the year approaches.
Dollar investors would express relief if U.S. courts thwart President Trump's attacks on the Federal Reserve, Commerzbank's Thu Lan Nguyen says in a note. A court on Friday heard Fed Governor Lisa Cook's request for a temporary retraining order to block Trump from removing her from the role. The hearing ended without a ruling. Trump faces the threat of a defeat as...
NZD/USD saw modest gains, but upside momentum remained limited as market sentiment stayed cautious amid renewed tariff threats from Trump ahead of the February 1 deadline. On Thursday, President Trump stated he would soon decide whether to exempt Canadian and Mexican oil imports from the 25% tariffs set to take effect on Saturday. He also reiterated that...
Economic Data Impacting the Market On December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy,...
The dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the...
BTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958. The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels. BTC ETFs have experienced an outflow of $211 million, marking the...
The pair pared some of its gains on board-based US dollar weakness. The overall bias remains bearish as long as resistance 0.8900 holds. It hit a low of 0.87745 and is currently trading around 0.87875. In November 2024, the U.S. added 227,000 jobs, much more than the expected 202,000, showing a strong job market after a weak October. The unemployment rate...
Gold prices edged higher on Friday as the November U.S. job growth report indicated a gradual easing of the labor market, supporting expectations for further Federal Reserve rate cuts.
Gold prices were set for their largest weekly drop over three years on Friday. Expectations of less aggressive interest rate cuts by the U.S. Federal Reserve, which strengthened the dollar, drove the drop.
Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2%...
Q3 GDP Results - QoQ: Rose by 0.1% (below the forecast of 0.2%). - YoY: Increased by 1.0% (above the expected 0.1%). - September GDP: Declined by 0.1% MoM and 1.0% YoY, missing estimates of 0.2% MoM and 1.1% YoY. Economic Pressures - A sharp increase in the tax burden on businesses, announced by Chancellor Rachel Reeves, is straining the economy. -...
The policy divergence between the US Fed and SNB supports the pair at lower levels. Jobless claims dropped to 227,000 for the week ending October 19, down from 242,000 the week before, suggesting some stability in the labor market. The four-week moving average rose by 6,750, reaching 231,000, which indicates that jobless claims are still showing fluctuations...
BTCUSD Performance: BTCUSD pulled back after reaching a minor top around $65,000, hitting a high of $65,103 and currently trading around $62,500. Rate Cut Probability: The probability of a 25 basis point rate cut in September increased to 71.50% from 71% a week ago (CME Fed watch tool). BTC ETF Inflows: BTC ETF saw an inflow of $202.51 million, with...