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Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.

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DXY: Bullish run capped – OCBC

US Dollar (USD) slipped further overnight, in line with our earlier technical caution – that we were monitoring for signs that the USD rebound has turned its course. Indeed, the runup failed to break above 200dma and turned lower.

Read More DXY: Bullish run capped – OCBC
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GBP: December BoE rate cut looks underpriced – ING

Pound Sterling (GBP) has bounced after the BoE’s steady decision, but with Governor Bailey leaning toward a December cut, downside risks for GBP remain, ING’s FX analyst Chris Turner notes.

Read More GBP: December BoE rate cut looks underpriced – ING
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GBP: December BoE rate cut looks underpriced – ING

Pound Sterling (GBP) has bounced after the BoE’s steady decision, but with Governor Bailey leaning toward a December cut, downside risks for GBP remain, ING’s FX analyst Chris Turner notes.

Read More GBP: December BoE rate cut looks underpriced – ING
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USD/JPY: Signs of bearish pressure – OCBC

USD/JPY is softening as lower U.S. yields and a developing descending triangle pattern tilt risks toward further downside. Pair was last at 153.48 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

Read More USD/JPY: Signs of bearish pressure – OCBC
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EUR: China trade data clouds EUR/USD outlook – ING

EUR/USD may have carved out a key low, but weak Chinese trade data and uncertainty over the US labor backdrop limit confidence in a sustained rebound, ING’s FX analyst Chris Turner notes.

Read More EUR: China trade data clouds EUR/USD outlook – ING
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USD/CAD rebounds off 200-DMA – Société Générale

USD/CAD has regained momentum after defending major technical supports, with the pair now eyeing channel resistance near 1.4150 and higher projections toward 1.4240–1.4300, Société Générale’s FX analysts note, Société Générale’s FX analysts note.

Read More USD/CAD rebounds off 200-DMA – Société Générale
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Stocks correct to the downside

Emini S&P shorts at resistance at 6845/6855 worked perfectly with a high for Wednesday at 6857 & a test of 1st support at 6800/6795.

Read More Stocks correct to the downside
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USD/JPY Declines as Safe-Haven Demand Bolsters the Yen

The USD/JPY pair retreated to 153.10 on Friday, with the yen retaining a portion of its recent gains amid a flight to safety. A sharp uptick in stock market volatility, driven by concerns over a potential overvaluation of artificial intelligence stocks, prompted investors to seek refuge in traditional safe-haven assets, thereby supporting the Japanese currency. […]

The post USD/JPY Declines as Safe-Haven Demand Bolsters the Yen appeared first on Action Forex.

Read More USD/JPY Declines as Safe-Haven Demand Bolsters the Yen
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China: Exports slipped in October – UOB Group

China’s exports contracted for the first time since February and imports slowed more than expected in October.

Read More China: Exports slipped in October – UOB Group
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US Dollar Index (DXY) picks up on risk-aversion nearing the 100.00 level

The US Dollar trims losses on Friday with investors wary of risk following another sell-off on Wall Street, as concerns of an AI bubble remain alive.

Read More US Dollar Index (DXY) picks up on risk-aversion nearing the 100.00 level

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