The USD/JPY is on pace to see it’s single worst trading day since November of 2022 after plunging over four percent on Thursday with a broad-market rally for the Japanese Yen (JPY).
Blogs
BoC’s Gravelle: We need to see further progress in inflation
Bank of Canada Deputy Governor Toni Gravelle said on Thursday that they welcome the improvement in October inflation figures but warned that they need to see further progress on restoring price stability.
NZD/USD soars sharply on soft US jobs date, ahead of Nonfarm Payrolls
The NZD/USD stages a recovery on Thursday as the Greenback (USD) remains under pressure, courtesy of hawkish comments by Bank of Japan (BoJ) Governor Kazuo Ueda.
AUD/USD rallies from Thursday lows to tap 0.6600
The AUD/USD is finding topside bids on Thursday, climbing three-quarters of a percent to retest the 0.6600 handle as market sentiment sees a late recovery heading into the US Nonfarm Payrolls (NFP) print slated for Friday to close out the trading week.
United States 4-Week Bill Auction dipped from previous 5.29% to 5.285%
United States 4-Week Bill Auction dipped from previous 5.29% to 5.285%
USD/CHF extends weekly gains as bulls reclaim 0.8700
USD/CHF prints decent gains of 0.12% in the day as the North American session begins, extending its weekly gains to 0.80% as buyers reclaim the 0.8700 figure.
Silver Price Analysis: XAG/USD edges lower following lower Jobless Claims
In Thursday's session, Silver price (XAG/USD) continued declining and tallied a third consecutive day of losses, falling to $23.75.
United States EIA Natural Gas Storage Change below expectations (-105B) in December 1: Actual (-117B)
United States EIA Natural Gas Storage Change below expectations (-105B) in December 1: Actual (-117B)
United States Wholesale Inventories came in at -0.4% below forecasts (-0.2%) in October
United States Wholesale Inventories came in at -0.4% below forecasts (-0.2%) in October
US initial jobless claims rose to 220k, vs exp 226k
<p><img width="558" height="307" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-usa4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p> <p>US initial jobless c