EUR/JPY bounces from recent highs and breaks through 144.0. The possibility of further rises above the four-month support line remains. EUR/JPY manages to put behind two straight daily declines and breaks above the 144.00 barrier on Wednesday. Should the bulls push further, the door could open to a possible test of the weekly high at […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
S&P 500: Modest up in futures awaiting data and Powell
Wall Street futures on neutral ground, European stocks up 0.30% on average. Inflation moderates in the Eurozone in November, US data coming. The dollar falls in the market, metals rise. Markets are somewhat cautiously higher on the last day of November ahead of major US data and Powell’s speech. Inflation shows signs of slowing down […]
ECB will raise only 50 basis points in December after the drop in inflation in the euro zone – Commerzbank
Preliminary euro zone inflation was 10.0% yoy in November, up from 10.6% yoy in October. The data reinforces Commerzbank’s forecast that the ECB will only raise key rates by 50 basis points at its December meeting. Eurozone inflation rate drops surprisingly to 10.0% “The euro zone inflation rate fell much more than expected, from 10.6% […]
EUR/GBP moves lower after Eurozone inflation data, but the fall seems limited
EUR/GBP moves lower in reaction to softer than expected Eurozone inflation numbers. Expectations for a series of ECB rate hikes limit euro losses and offer support for the pair. Less aggressive comments from BoE chief economist Huw Pill favor the pair’s bulls. The crossing EUR/GBP continues to fight to capitalize on the move beyond 0.8650 […]
AUD/USD holds on to gains comfortably above 0.6700 ahead of US data and Powell speech
AUD/USD gains positive traction for the second day in a row amid renewed dollar selling. Expectations of a less aggressive Fed rate hike and falling US bond yields weigh on the dollar. COVID-19 jitters in China could act as a headwind for the pair ahead of Powell’s speech. The pair AUD/USD it draws some buying […]
EUR/USD halts recovery from weekly lows at 1.0380
The dollar falls moderately in the market ahead of US data. Inflation in the Eurozone slows down in November. EUR/USD still with bullish signs, but without strength. EUR/USD is rising on Wednesday, albeit without much conviction. It marked a high for the day at 1.0380 and then returned to the 1.0350 area where it is […]
Gold Price Forecast: XAU/USD tests weekly highs around $1760
Gold advances for the second day in a row. Price facing important resistance in the area of ​​weekly maximums. The dollar falls ahead of US data. Gold is rising on Wednesday and tests levels above $1760. Recently following the Eurozone inflation data, the price went as high as $1,763, just shy of Monday’s high, and […]
Eurozone: Inflation moderates in November to 10%, improving the estimated 10.4%
The Consumer Price Index (CPI) of the euro zone has moderated its growth by six tenths in the preliminary reading for the month of November, standing at the 10% compared to 10.6% in October. The result improves the 10.4% of the market consensus but it is still at a very high level, since it is […]
USD/CAD remains defensive around 1.3550, the fall seems supported
USD/CAD moves lower on Wednesday amid the appearance of some selling around the dollar. Less hawkish Fed rate hike expectations and a positive risk tone weigh on the USD as a safe haven. A softer tone around crude oil prices weighs on the CAD and helps limit the pair’s decline. Traders expect US macro data […]
USD/JPY: Risks remain biased to the downside – UOB
Given the current price action, USD/JPY could face further weakness in the coming weeksas suggested by economist Lee Sue Ann and UOB Group Market Strategist Quek Ser Leang. Featured Comments 24 hour view: “We expected USD/JPY to “trade sideways within a 138.20/139.30 range” yesterday. However, USD/JPY traded within a wider-than-expected range (137.86/139.35) before settling at […]
