Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
10
November
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By Sagar Dua - 241
Forex: EUR/USD. The EUR/USD pair is gaining value, extending a strong bullish impulse formed at the end of last week. The instrument is testing the 1.1560 level for an upward breakout as traders await new market drivers.
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By Sagar Dua
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The XAU/USD pair is gaining value again, attempting to hold above the key psychological level of 4000.00 and testing 4060.00 for an upward breakout during the Asian session. The instrument was supported by signs of improvement in U.S.–China trade relations: the leaders of both nations agreed to cancel the planned tariff hikes starting in early November.
7
November
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By Sagar Dua
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United States of America. The US dollar is weaker against the euro, firmer versus the pound, and mixed against the yen.
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By Sagar Dua
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During the Asian session, the GBP/USD pair is moving higher around 1.3115. The market’s focus is on the outcome of yesterday’s Bank of England meeting, where the nine-member Monetary Policy Committee narrowly voted—by a one-vote margin—to keep the Bank Rate at 4.00%. The Committee noted that although annual GDP growth stands at 3.8%, overall economic growth is stagnating. Recall that in Q2 the indicator slowed to 0.3% after a 0.7% increase in the first three months of the year, and the regulator now projects growth of 1.5% in 2025 and 1.2% in 2026.
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By Sagar Dua
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The NZD/USD pair continues to decline within a long-term downtrend, approaching the key support level of 0.5590 amid weak macroeconomic data from New Zealand. In the third quarter, the unemployment rate rose from 5.2% to 5.3%, matching analysts’ expectations, while the change in employment came in at 0.0% versus forecasts of 0.1%. The previous figure was revised downward from –0.1% to –0.2%. Labor force participation also decreased from 70.5% to 70.3% against the projected 70.7%. These data confirm a cooling labor market, putting additional pressure on the New Zealand dollar.
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By Sagar Dua
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The leading Japanese stock index NI 225 is correcting near the 50,022.0 mark amid the release of third-quarter corporate earnings reports.
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By Elena - 257
WTI Crude Oil prices are trading below the key 60.00 level this week, weighed down by fundamental factors.
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By Sagar Dua
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During the Asian session, the USD/CAD pair is correcting around 1.4115 amid weak macroeconomic data from Canada.
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By Ihor - 228
The AUD/USD pair continues to correct lower within a descending trend around 0.6476, remaining under pressure from weak macroeconomic data.
6
November
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By Sagar Dua
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United States. The U.S. dollar continues to weaken against its major rivals — the euro, the pound, and the yen.
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By Sagar Dua
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Shares of Pfizer Inc., the largest U.S. pharmaceutical company, are correcting around the 25.00 mark.
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By Alexander - 359
The leading French stock index CAC 40 is currently trading at 8071.0, with its dynamics once again driven by corporate earnings and movements in the bond market.
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