Market News

The fundamentally-light lift from the S&P 500 and other risk-leaning assets has lost traction this past session with the index’s first gap lower on the open in five sessions. Attention is shifting to a serious docket next week. Meanwhile, the USDJPY has notched its longest bull run since 1973 ...

Gold prices fell on Wednesday against rising yields and US Dollar, and prices remained under pressure in Asia-Pacific trading. A weak US initial jobless claims report may provide respite to bullion prices....

The Australian Dollar dipped after underwhelming jobs data, but it revealed a still very tight labour market. Attention now turns to CPI for RBA action and AUD/USD implications....

A bull-flag formation may unfold over the coming days as the price of oil appears to be reversing a head of the monthly low ($80.87)....

The Japanese Yen approaches a critical level against the US Dollar at the 150 mark, setting up another fight against Yen shorts and Japan’s policymakers. Chinese interest rates are also in focus for APAC traders....

The price of gold may fall towards the April 2020 low ($1568) if it fails to hold above the yearly low ($1615)....

Tesla reported mixed third-quarter results, topping EPS expectations but missing on revenue and margin estimates, sending the company’s stocks lower in extended trading....

Despite recent gains in the EUR/USD, the medium-term outlook for the currency pair remains gloomy amid global recession fears...

Antipodean currencies have struggled of late as the US Dollar remains king....

FTSE 100 has fallen below technical resistance after another double-digit inflation print weighed on risk assets. Technical support and resistance remain in sight....