weekly USDJPY MUFG Research added a short USD/JPY position (spot ref: 149:60) to its TOTW portfolio. The trade has a target at 143.00, and a stop at 152.10. “We want to maintain some exposure to a further weakening of the US dollar and believe long JPY may be the best way for that right now,”
EUR/USD: November 14 – a Dark Day for the Dollar ● In the previous review, the overwhelming majority of experts expressed opinions favouring further weakening of the American currency. This prediction came to fruition. The Consumer Inflation report in the United States, published on Tuesday, November 14, toppled the Dollar Index (DXY) from 105.75 to
Share: The XAU/USD advanced to $1,980 after hitting $1,995 earlier in the session. Housing data from the US from October came in better than expected. Hawkish Fed speakers and US yields recovering halted the metal’s rise. The XAU/USD saw a slight upsurge in Friday’s session and is currently trading at $1,980 after hitting a
WTI crude is up $2.94 to $75.84 as it has nearly erased yesterday’s sharp decline. The latest positive news is a sources report saying that Saudi Arabia is highly likely to extend its voluntary cut “at least until the spring”. The next OPEC meeting is Nov 26. Saudi Arabia has around 3 million barrels per
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Share: The CAD caught a bounce on risk appetite in early Friday trading. Industrial inflation figures in Canada print better than expected. US Dollar, Fed reaction is driving the market today. The Canadian Dollar (CAD) is looking to pare back some of Thursday’s losses, catching some support from bolstered Crude Oil bids, but
AI image The upcoming week features a series of significant economic releases, auctions, and reports that market participants will be watching closely. Monday, November 20 The week kicks off with a Treasury auction of 20-year securities worth $16 billion, an event that will give us insights into market demand for long-term government debt. It comes
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Friday, but was heading for a sharp weekly loss after cooling inflation spurred growing bets that the Federal Reserve has completed its series of rate hikes. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of
Share: The GBP/USD is trading flat but rough on Friday, trying to hold above the 1.2400 handle. The Pound Sterling’s midweek rally is still under threat as markets pare away gains. Slumping UK data is sending the GBP into consolidation. The GBP/USD is treading water just above the 1.2400 handle as the pair
On the day: S&P 500 +0.1% Nasdaq Comp +0.1% DJIA flat Russell 2000 +1.2% Toronto TSX Comp +0.6% On the week: S&P 500 +2.2% Nasdaq Comp +2.4% DJIA +1.9% Russell 2000 +5.3% Toronto TSX Comp +2.6% That’s a nice weekly gain for the Russell 2000 but it’s a long way to go to get back
