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Gold on track for a fourth monthly gain amid growing Fed rate cut expectations
Gold on track for a fourth monthly gain amid growing Fed rate cut expectations
Gold (XAU/USD) edges higher on Friday after a bout of volatility sparked by the CME trading outage briefly dragged prices lower. At the time of writing, XAU/USD is trading around $4,209, with the metal on track to notch its fourth straight monthly gain.
XAUUSD
Gold
SEO
Technical Analysis
Fed
Gold Price Forecast: XAU/USD remains firm with $4,140 holding bears
Gold Price Forecast: XAU/USD remains firm with $4,140 holding bears
Gold (XAU/USD) keeps crawling higher, and is on track to close the week 2.7% higher, with the US Dollar weighed by rising bets of Fed monetary easing.
Gold
XAUUSD
Metals
Commodities
Technical Analysis
USD/CNH: Likely to consolidate within a range of 7.0680/7.0880 – UOB Group
USD/CNH: Likely to consolidate within a range of 7.0680/7.0880 – UOB Group
US Dollar (USD) is likely to consolidate within a range of 7.0680/7.0880. In the longer run, downward momentum remains strong; if USD breaks below 7.0600, the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to range-trade between 156.00 and 156.75 – UOB Group
USD/JPY: Likely to range-trade between 156.00 and 156.75 – UOB Group
USD is likely to trade sideways between 156.00 and 156.75. In the longer run, soft underlying tone suggests there is a chance for USD to edge downward; any decline is likely part of a lower range of 155.05/157.05, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
JPY: Yen weakens as Takaichi’s reflation policies take hold – MUFG
JPY: Yen weakens as Takaichi’s reflation policies take hold – MUFG
The impact of change in political leadership has been clear in Japan with the yen notably weaker and JGB yields higher as market participants position for reflationist policies under the new leadership of Sanae Takaichi.
USDJPY
Banks
BOJ
Japan
Technical Analysis
NZD/USD: Any further advance is unlikely to reach 0.5755 – UOB Group
NZD/USD: Any further advance is unlikely to reach 0.5755 – UOB Group
New Zealand Dollar (NZD) could rise above 0.5735; any further advance is unlikely to reach 0.5755. In the longer run, the price action suggests NZD is likely to advance further; the levels to watch are 0.5735 and 0.5755, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
USD crosses trade in tight ranges – ING
USD crosses trade in tight ranges – ING
US Dollar (USD) crosses have traded in tight ranges as the Thanksgiving holiday dried up flows. Volatility shouldn't pick up materially today, even though the dollar remains vulnerable to a convergence lower towards short-term swap rates, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
AUD/USD might rise further to 0.6555 – UOB Group
AUD/USD might rise further to 0.6555 – UOB Group
Australian Dollar (AUD) is likely to edge higher; any advance is likely part of a 0.6520/0.6555 range. In the longer run, rapid increase in upward momentum suggests AUD could rise further to 0.6555, potentially reaching 0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD/JPY seen steady near 156 – DBS
USD/JPY seen steady near 156 – DBS
USD/JPY is expected to hover around 156 as Japan’s budget lands broadly in line with expectations, while firm Tokyo inflation reinforces the BOJ’s gradual tightening path, DBS' Senior FX Strategist Chang Wei Liang notes.
USDJPY
Banks
Technical Analysis
BOJ
Japan
How have interest rate expectations changed after this week's events?
How have interest rate expectations changed after this week's events?
The odds for a December Fed cut strengthened, while the expectations for another RBNZ cut dwindled
market overview
GBP/USD: Expected to rise to 1.33000 – UOB Group
GBP/USD: Expected to rise to 1.33000 – UOB Group
The Pound Sterling (GBP) is expected to rise to 1.3300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
EUR/USD: Narrowing US-EU investment divide might aid EUR – Commerzbank
EUR/USD: Narrowing US-EU investment divide might aid EUR – Commerzbank
Growth in the US is seen as much more robust, and there is skepticism about an improvement in the German economy, and it has become increasingly clear that markets are somewhat critical of the expectation of a stronger EUR/USD over the coming months, Commerzbank's FX analyst Volkmar Baur notes.
EURUSD
Banks
Technical Analysis
USD/KRW: BoK neutral shift supports KRW – DBS
USD/KRW: BoK neutral shift supports KRW – DBS
The BoK’s move to drop rate-cut language has offered the KRW some support, even as officials flag rising overseas investment by young Koreans and call for more cautious FX hedging by the national pension fund, DBS' Senior FX Strategist Chang Wei Liang notes.
Banks
USDKRW
SouthKorea
Technical Analysis
EUR/USD: Above 1.1620, EUR might move toward 1.1655 – UOB Group
EUR/USD: Above 1.1620, EUR might move toward 1.1655 – UOB Group
Upward momentum continues to increase; if Euro (EUR) closes above 1.1620, it could lead to a move toward 1.1655, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR/USD remains depressed ahead of the German inflation release
EUR/USD remains depressed ahead of the German inflation release
EUR/USD extends its reversal from highs above 1.1600 earlier on Friday, and trades near 1.1560 following a batch of mixed Eurozone figures, as traders brace for the preliminary German inflation report.
EURUSD
Currencies
Fundamental Analysis
Technical Analysis
SEO
EUR/GBP Price Forecast: Euro bulls struggle at 0.8770 previous support
EUR/GBP Price Forecast: Euro bulls struggle at 0.8770 previous support
The Euro is showing a mild positive tone against the British Pound on a calm trading session on Friday, yet with bulls struggling to find acceptance above a previous support, now turned resistance, in the area between 0.8765 and 0.8770.A batch of Eurozone releases has not been particularly supportiv
EURGBP
Currencies
Technical Analysis
Crosses
European indices see little change at the open as the more tepid mood persists
European indices see little change at the open as the more tepid mood persists
The Thanksgiving holiday has sapped a lot of the market appetite in the past two days
USD/CAD Price Forecast: Remains below 1.4050, near nine-day EMA barrier
USD/CAD Price Forecast: Remains below 1.4050, near nine-day EMA barrier
USD/CAD holds ground after three days of losses, trading around 1.4040 during the early European hours on Friday. The daily chart’s technical setup reflects an ongoing bullish bias, with the pair remaining within its ascending channel pattern.
USDCAD
Majors
Technical Analysis
EUR/JPY Price Forecast: Bullish outlook prevails above 181.00
EUR/JPY Price Forecast: Bullish outlook prevails above 181.00
The EUR/JPY cross trades in negative territory near 181.05 during the early European session in Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid some verbal intervention from Japanese authorities.
EURJPY
Crosses
Technical Analysis
Bullish
Silver Price Forecast: XAG/USD forms bearish multiple tope near $54.50 supply zone
Silver Price Forecast: XAG/USD forms bearish multiple tope near $54.50 supply zone
Silver (XAG/USD) struggles to capitalize on the Asian session move up and retreats from the $54.40-$54.45 region, or its highest level since October 17, touched earlier this Friday.
Silver
Commodities
Technical Analysis
XAGUSD
Westpac: APRA’s new high-DTI cap pre-emptive, slightly dovish for RBA outlook
Westpac: APRA’s new high-DTI cap pre-emptive, slightly dovish for RBA outlook
Westpac’s read-through suggests marginal downside risk to front-end yields and mild support for housing-linked equities, as tighter lending rules reduce the need for the RBA to counter housing heat with policy.
Tokyo inflation stays hot as yen weakens, pushing BOJ closer to a rate hike
Tokyo inflation stays hot as yen weakens, pushing BOJ closer to a rate hike
Firm inflation and a soft yen strengthen expectations of a BOJ move, supporting JPY upside risks while posing headwinds for Japanese equities sensitive to higher rates.
PBOC sets USD/ CNY reference rate for today at 7.0789 (vs. estimate at 7.0779)
PBOC sets USD/ CNY reference rate for today at 7.0789 (vs. estimate at 7.0779)
PBOC CNY reference rate setting for the trading session ahead. the Bank is slowing down the yuan appreciation.
CNY
CNH
pboc
EUR/USD steady around 1.1600 as subdued trade highlights Dollar pressure
EUR/USD steady around 1.1600 as subdued trade highlights Dollar pressure
EUR/USD is flat on Thursday amid thin trading liquidity conditions as US markets are closed for Thanksgiving. Still expectations that the Federal Reserve might reduce borrowing costs keep the Greenback pressured, with the Euro poised to end the week with gains. The pair trades at 1.1596.
EURUSD
Fundamental Analysis
Technical Analysis
Majors
SEO
Fed easing is reviving classic rotation trades as investors look beyond the AI megacaps
Fed easing is reviving classic rotation trades as investors look beyond the AI megacaps
ETF executives see early signs of rotation away from AI megacaps as Fed rate cuts restore liquidity. A broadening of equity leadership would favour EM FX, cyclicals and value-tilted sectors, while trimming the shine from crowded AI-growth trades.
Gold firms in muted trading amid rising conviction of Fed cut
Gold firms in muted trading amid rising conviction of Fed cut
Gold (XAU/USD) remains firm during the North American session on Thursday amid a low-volume trading session as US markets remain closed in observance of the Thanksgiving holidays. At the time of writing, XAU/USD trades at $4,158, virtually unchanged.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
AUDUSD Price Forecast: Momentum improves as AUDUSD tests the 50- and 100-day SMA cluster
AUDUSD Price Forecast: Momentum improves as AUDUSD tests the 50- and 100-day SMA cluster
The Australian Dollar (AUD) remains on the front foot against the US Dollar (USD) on Thursday, as traders lean into expectations that the Reserve Bank of Australia (RBA) will keep policy steady at its December meeting while maintaining a hawkish bias.
AUDUSD
Technical Analysis
SupportResistance
Momentum
USD/JPY Price Forecast: Uptrend remains intact despite early signs of bullish exhaustion
USD/JPY Price Forecast: Uptrend remains intact despite early signs of bullish exhaustion
The Japanese Yen trims part of its earlier recovery against the US Dollar on Thursday as the Greenback shows resilience in muted, holiday-thinned trading. At the time of writing, USD/JPY is hovering around 156.30, edging higher modestly after briefly touching a daily low of 155.73.
USDJPY
Technical Analysis
SupportResistance
Bullish UpTrend
GBP: Growth vacuum leaves GBP exposed – Société Générale
GBP: Growth vacuum leaves GBP exposed – Société Générale
The Economist described it as a ‘bodge-it budget’ that doesn’t give Britain what it needs. The FT calls it a ‘Spend now, pay later’ budget, which merely delays fiscal pain. The Guardian calls it a ‘live now, pay later’ budget and wonders what happens when ‘later’ arrives.
Banks
GBPUSD
Technical Analysis
UnitedKingdom
BOE
GBP/JPY Price Forecast: Strong momentum signals point to further gains in the near term
GBP/JPY Price Forecast: Strong momentum signals point to further gains in the near term
GBP/JPY holds steady near 207.00 on Thursday after touching a fresh year-to-date high on the previous day, with sentiment leaning in favour of the British Pound (GBP) following the United Kingdom’s Autumn Budget.
GBPJPY
Technical Analysis
SupportResistance
RelativeStrength
Crosses
Momentum
NZD/USD Price Forecasts: Building up momentum above 0.5700 
NZD/USD Price Forecasts: Building up momentum above 0.5700 
The New Zealand Dollar is coming under growing bullish pressure against the US Dollar, after breaking above the 0.5680 resistance area.
NZDUSD
Technical Analysis
Currencies
RBNZ
Momentum
Gold drifts sideways amid holiday-thinned trading
Gold drifts sideways amid holiday-thinned trading
Gold (XAU/USD) is treading water on Thursday as a modest rebound in the US Dollar (USD) weighs on the precious metal. At the time of writing, XAU/USD is trading around $4,155, hovering near two-week highs reached on Wednesday, with prices up over 2% so far this week.
XAUUSD
Gold
SEO
Technical Analysis
Fed
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