US Open – 30 November 2023 (Video)
Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more
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Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more
The pair extends this month’s rally after the New Zealand central bank kept more tightening in play despite holding rates steady, but today’s US PCE inflation update can determine its trajectory
The central bank maintained rates at 5.5% for fourth straight meeting on Wednesday, but appeared concerned about inflation, warning of further tightening and raising its terminal rate projection
Watch today’s US Open for insights on the persistent Japanese inflation and its impact on USD/JPY, the cautious return of Wall Street from Thanksgiving and key events ahead including US and Eurozone inflation updates
The pair shows signs of exhaustion as a profitable month heads to a close, awaiting Thursday’s inflation updates from Eurozone and the US, among other releases
In a previous article we suggested that the US 10-year real rate was topping out and had charted a head and shoulders top. This pattern is still evident but is yet to breakdown. Rather the real yield has found support near the 2.09% (green horizontal arrow). In fact, the real yield has bounced slightly since hitting support and is now trading near 2.20%. FXCM’s USDOLLAR has continued to chart a…
The pair rises as the UK PM touts the pledge of almost £30 bln in foreign investment following the “Autumn Statement for Growth”, which also strengthens prospects for a prolonged restrictive stance by the BoE
In a somewhat mixed and holiday-thinned week, the pair faces difficulties after today’s CPI data from Japan showed persistently elevated inflation, keeping pressure on the BoJ for policy normalization
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
Watch today’s US Open for insights on the latest around the OpenAI leadership change and the impact in the tech sector, the incoming results from AI enabler Nvidia, the USD/JPY slide and more
The pair jumped earlier in the week due to the cool US CPI report and despite some consolidation it does not appear bothered by the substantial progress on inflation in Eurozone as shown by today’s data
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