Euro is testing one-month lows ahead of Fed Waller’s speech
Share: The Euro extends its reversal as the safe-haven US Dollar appreciates. Cooling hopes of interest rate cuts and growing geopolitical risks have crushed investors’ appetite for risk.…
FTSE 100, DAX 40 stable as Nikkei 225 Surges Ahead
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, Nikkei 225 Analysis and Charts???FTSE 100 tries to recover amid slightly better month-on-month GDP reading?The FTSE 100, which last…
Weekly Market Outlook (15-19 January)
UPCOMING EVENTS:Monday: PBoC MLF, US Markets closed for MLK Day, BoC Business Outlook Survey.Tuesday: UK Labour Market report, Canada CPI, Fed’s Waller. Wednesday: China Industrial Production and Retail Sales, UK…
Mexican Peso prints back-to-back positive weeks against US Dollar, stays below 17.00
Share: Mexican Peso advances due to investors expecting substantial US rate cuts, a headwind for the US Dollar. Mexico's higher-than-expected inflation and industrial production slump puts Banxico at…
UK GDP Rose in November but Remains Lacklustre
UK GDP (November), Pound Sterling AnalysisUK GDP shows signs of potential via latest November dataGBP little changed but holds gains heading into the weekendUK and US conduct joint strike of…
Dollar steadies in European morning trade, inflation numbers in focus
Yields are lower and stocks are slightly higher but the dollar is finding itself in a steadier spot so far on the session. It was slightly softer earlier in Asia…
Jefferies misses Q4 estimates but is upbeat on 2024
Share: Fourth-quarter earnings season begins in earnest this week, and one of the first major financial firms to post earnings, investment bank Jefferies Financial Group (NYSE:JEF), did not…
XAU/USD’s Trend Hinges on US Inflation Data. What Now?
GOLD PRICE OUTLOOKGold prices have trended lower in 2024 after a strong performance late last yearTraders seem reluctant to take on new bullish positions before having more clarity on the…