Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
The resurgence of shadow lending underscores persistent stress in China’s local-government finances and weak infrastructure spending — a drag on growth-sensitive assets. The trend signals higher credit risk in LGFV-linked markets and may limit Beijing’s ability to stimulate without widening fiscal strain. Investors may interpret this as medium-term negative for China credit, construction supply chains, and commodity demand.
Renewed wage pressure strengthens the narrative that Japan’s labour market is providing the “initial momentum” Governor Ueda says is necessary for sustainable inflation. Robust union demands into shuntō raise the probability of a December BOJ rate hike, supporting yen upside at the margin while keeping upward pressure on JGB yields. Markets will track how widely these wage requests are adopted across sectors.
The steep decline in household spending highlights the disconnect between rising wages and consumer behaviour, potentially limiting the BOJ’s confidence in near-term demand-driven inflation. Yen traders may see the release as modestly dovish for December, though broader policy expectations still hinge on wage momentum and next week’s inflation data.
GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.
The USD/JPY pair remains weak near 155.05 during the early Asian session on Friday. Rising bets for a rate cut by the US Federal Reserve (Fed) next week and weaker US economic data weigh on the US Dollar (USD) against the Japanese Yen (JPY).
Government backing removes a key hurdle for the BOJ’s December hike and reduces near-term policy risk. But without clarity on the eventual neutral rate, long-end JGBs remain vulnerable and yen volatility stays elevated. Forward guidance at the December meeting will be crucial for FX and rates positioning.
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.
USTR Greer said the U.S. wants a stable but smaller and more balanced trade relationship with China, highlighting a 25% decline in the U.S. goods deficit as progress. He also warned of problems within the USMCA and stressed the need to prevent Mexico and Canada from being used as export hubs for Asian producers.
JPMorgan says bitcoin could reach $170k if it trades like gold, but the bank’s analysis shows the real swing factor is Strategy’s ability to avoid selling bitcoin and remain in MSCI indices. With $1.4bn in fresh cash and mNAV still above 1, forced liquidation looks less likely. A positive MSCI ruling would lift both Strategy and bitcoin sharply.
CNBC entered into a partnership with prediction-market operator Kalshi to integrate its event-odds data across the network’s television, digital and subscription products starting next year.
Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging.
The US Dollar (USD) struggled for direction amid the ongoing and intense bearish trend in place since late November. Rising bets for a rate cut by the Federal Reserve (Fed) next week and discouraging data have been keeping the Greenback under scrutiny as of late, fuelling its downside momentum.
Acting CFTC Chairman Caroline D. Pham announced that listed spot cryptocurrency products will begin trading for the first time on CFTC-registered futures exchanges, marking a major shift in how Ame...
FTMO, a global proprietary trading firm, has officially declared today that it is now available to traders in India. The announcement was shared on social media platform X by FTMO today (Thursday).
The EURUSD has the low of a swing area at 1.1645. The 100 day MA is also in play at that level. Key level today and going forward for the buyers and sellers.
Revolut Business has opened a waitlist for a new corporate card set to launch in the UK early next year. The Visa-powered product targets companies with international operations by combining spend ...
The Australian Dollar extends gains against the US Dollar on Thursday as markets scale back expectations of additional rate cuts by the Reserve Bank of Australia (RBA). At the time of writing, AUD/USD is trading around 0.6622, its strongest level since October 7.
The AUDUSD has move up to test a key swing area between 0.66347 and 0.6635. Do the sellers stick a toe in the water against this key ceiling area? I talk about it in the video
The Pound Sterling (GBP) rises against the US Dollar (USD) during the North American session on Thursday, even though US jobs data suggests that the labor market remains solid, and the expectations that the Federal Reserve (Fed) will cut rates remain high.
The founders of The5ers, a major prop trading platform, have entered the contract for difference (CFD) brokerage space with the new brand Trade Set Go, which is regulated in Cyprus, FinanceMagnates.
Silver (XAG/USD) trades on the back foot on Thursday as bulls take a breather and book partial profits after the metal climbed to record highs near $58.98 on Wednesday. At the time of writing, XAG/USD is trading around $56.87, down roughly 2.77% on the day.
The Pound Sterling (GBP) stays firm near the top of its overnight range, with options markets sharply repricing protection against GBP weakness after the UK budget.
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