EUR/JPY alternates ups and downs around 161.30 on Friday, extending the consolidative mood in the lower end of the recent range.
Blogs
Gold Price Forecast: XAU/USD stalls below $2,045 ahead of Powell
Gold Prices are trading sideways on Friday, with bulls capped below the $2,045 resistance area with the $2,030 level containing downside attempts so far.
GBP/USD: Loss of support around 1.2600/1.2605 should see losses extend towards the mid-1.25s – Scotiabank
GBP/USD holds above 1.26. Economists at Scotiabank analyze the pair’s outlook.
Canada Unemployment Rate Preview: Labor market expected to cool further in November
Canada will release the Labor Force Survey on Friday. The Statistics Canada report is expected to show that the Unemployment Rate increased to 5.8% in November from 5.7% in the previous month.
Oil settles in OPEC+ aftermath with Brazil set join alliance
Oil prices are not having their best performance when looking back to November up until Thursday. OPEC+ has failed to cement a price floor and saw its image dented with split division on sharing
EUR/USD: Corrective losses to the 1.09 area risk extending a little further in the short run – Scotiabank
EUR/USD pivots around 1.09. Economists at Scotiabank analyze the pair’s outlook.
US Dollar just a sigh away from ending the week in the green
The US Dollar (USD) bulls have made a staggering comeback this week. At one point the US Dollar Index (DXY) was even trading in the green on the weekly time frame. The main driver is the rate
New Zealand: RBNZ keeps its rates unchanged – UOB
Economist at UOB Group Lee Sue Ann reviews the latest interest rate decision by the RBNZ.
EUR and GBP to underperform in 2024 – ING
Economists at ING do not expect European currencies to lead the pack of appreciation against the US Dollar.
Crude Oil Can Resume to 70-72 Support
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