Author: admin

EUR/USD retraced previous losses during Thursday’s European session, and is trading at 1.1670 at the time of writing, with the 1.1680 five-week high at a short distance.

S&P 500 futures are holding flattish with Nasdaq futures marginally lower by 0.1% while Dow futures are just marginally higher by 0.1% on the day. Overall, there’s not much in it as US equities continue to weigh the latest backdrop – mostly concerns surrounding the AI bubble.

Still, the rebound from last week keeps building and that is despite a bit of a setback from Monday this week. The S&P 500 is roughly 1% away from fresh record highs and that continues to underscore how bullish the market is still looking in general.

Coming up today, we do have some labour market data to work with via the US Challenger job cuts data and the weekly initial jobless claims. That being said, they’re not as significant as the non-farm payrolls. And at this point, the threshold to convince markets and more importantly the Fed to move away from a rate cut this month is rather high. So, I don’t see that happening barring something shocking.

And with the fact that we won’t be getting the CPI and non-farm payrolls before the Fed, markets can breathe in some calmer air in the meantime while waiting for Powell & co. to deliver on their verdict. So, the main question isn’t so much so a case of December but more so about next year now.

But for now, the calm will help to keep equities in a snug spot with just having to focus on worries about AI valuations, Nvidia, and general market sentiment. Those things do have the potential to set the course for a modest selloff/correction but it at least beats out the more volatile environment from Trump’s policy incoherence, tariffs, and a more uncertain Fed outlook. So, that is at least one thing that’s helping.

This article was written by Justin Low at investinglive.com.

USD/CNH bounced from a one-year-plus low as the PBOC set a higher-than-expected fixing, signaling managed support for yuan appreciation. A stronger Yuan could help China pivot towards consumer-led growth, while the USD/CNH downtrend remains intact, BBH FX analysts report.

USD/CNH bounced from a one-year-plus low as the PBOC set a higher-than-expected fixing, signaling managed support for yuan appreciation. A stronger Yuan could help China pivot towards consumer-led growth, while the USD/CNH downtrend remains intact, BBH FX analysts report.

The market can be complacent for a long time, and former Treasury Secretary, Goldman chair Robert Rubin says he keeps reminding people of October 1987’s crash.

CrowdStrike CEO George Kurtz told CNBC’s Jim Cramer how his company’s partnership with with Amazon Web Services helps business.

If Agentforce can deliver as advertised and the company’s revenue growth accelerates back to 10%, better days are ahead for the stock.

USD/JPY dipped below 155.00 as strong demand for Japan’s 30-year government bonds pushed yields lower, highlighting investor appetite ahead of the Bank of Japan’s (BoJ) December rate decision, BBH FX analysts report.

GBP/USD remains supported after yesterday’s rally, trading above its 200-day moving average, even as the DMP survey signals moderate wage growth, BBH FX analysts report.

Ireland Gross Domestic Product (YoY) came in at 10.8%, above expectations (10.5%) in 3Q