FX Technical Levels: We analyze the US Dollar reversal as doubts over the inflation report surface. With the Greenback halting its slide and traders questioning the data, we explore the impact on major pairs. We break down the technical setups for the USD/CAD, EUR/USD and USD/JPY as flows change suddenly.
Commodities
Markets Reverse: We look at the brutal shift in flows as morning optimism evaporates. With concerns over data accuracy clouding the inflation release, stocks hit new lows and gold rejects record highs. We explore the loss of confidence and what the broad selloff signals for the days ahead.
Indices
US Index Technical Analysis and Key levels for Dow Jones, Nasdaq and S&P 500: Equity markets rally as a significant inflation miss reignites rate cut hopes. With the CPI easing uncertainty, we explore if the "Santa Rally" is back on track. We breakdown the intraday charts for the major indexes as they target new highs to close the year.
Forex
GBP/USD surges during Thursday’s North American session as following the release of a benign US inflation report and a “hawkish” rate cut by the Bank of England (BoE). The pair trades at 1.3410 up 0.28% after reaching a daily low of 1.3340.
Forex
The Euro (EUR) regains ground against the US Dollar (USD) on Thursday after the European Central Bank (ECB) kept its three key policy rates unchanged. At the time of writing, EUR/USD trades around 1.1756, reversing higher after dipping to an intraday low near 1.1712.
US CPI misses Sharply, Jobless Claims stable, the Bank of England cuts rates by 25 bps to 3.75% and the ECB keeps rates unchanged. Check out Market Reactions and details to the heavy morning reports.
Forex
The Euro accelerated its decline from levels near 0.8800 against the Pound Sterling, to reach intra-day lows near 0.8750 at the time of writing, with the weekly low of 0.8745 at a short distance.The Bank of England met the market’s expectations and cut its Bank Rate by 25 basis points to 3.75% on Th
Forex
EUR/USD trades above 1.1700 as markets await today’s European Central Bank (ECB) meeting. The central bank is expected to keep rates at 2.00%, with President Lagarde’s remarks on future hikes likely to influence the euro’s near-term direction, BBH FX analysts report.
Commodities
Asian markets saw the Nikkei drop to a three-week low, hit by falling technology stocks and AI sector concerns. European markets are quiet ahead of the expected Bank of England rate cut and upcoming US inflation data. The US dollar strengthened against major currencies. Gold holds steady, and silver remains near its high. Technically, the FTSE 100 is breaking higher.
Commodities
Gold price (XAU/USD) trades 0.4% lower to near $4,320 during the European trading session on Thursday, though it remains close to its all-time high of $4,381.
