GBP/JPY slips below 195.00 after an intraday high near 195.50. Strong UK wage data and reduced BoE rate cut bets support the Pound, while a steady BoJ outlook keeps the Yen under pressure.
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The Peso strengthened to 20.11 as mixed US data fueled Fed rate cut speculation. Mexico’s low November inflation raised hopes for a Banxico rate cut on December 19.
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The Japanese Yen recovers from a one-week low but faces resistance due to doubts over BoJ rate hikes. Geopolitical tensions and a softer risk tone support the JPY.
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WTI crude rises 0.60% to near $67.50, snapping a three-day slide. Middle #East tensions and OPEC+ delaying supply hikes support #prices, but demand concerns in #China and a supply glut may limit gains.
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The Australian Dollar slips Friday as weak GDP data boosts RBA rate cut speculation ahead of next week’s meeting. Traders eye the US Nonfarm Payrolls report, with a forecast of 200,000 new jobs.
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#Gold (XAU/USD) remains near $2,620, pressured by a stronger US Dollar amid Fed rate expectations. Geopolitical risks, trade war concerns, and low #US bond yields offer support.
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The #Japanese#Yen slips during the Asian session, with USD/JPY climbing above mid-150.00s. Rising US bond yields and strong $USD demand drive flows away from the safe-haven currency.
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Starting December 1, Coinbase will halt USDC rewards in the EEA, aligning with upcoming MiCA regulations for crypto assets. The program, popular for offering daily interest.
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The Australian Dollar rebounded Wednesday, supported by the Reserve Bank's hawkish stance and subdued #US#Dollar. October CPI rose 2.1% YoY, below the 2.3% forecast, marking the lowest rate since #July 2021
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USD/CAD slid to 1.3945 as Trump’s pick of Scott Bessent for Treasury Secretary pressured the USD. Canada’s Retail Sales rose 0.4% in September, reducing bets on a larger BoC rate cut.
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The Mexican Peso (MXN) consolidates as Q3 GDP and inflation data approach. Weighed down by weak growth, dovish Banxico signals, and US policy risks, USD/MXN shows an upward technical trend
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The Yen strengthens, dragging USD/JPY to mid-154.00s Thursday, as BoJ hints at a possible December rate hike. Geopolitical risks support the JPY, but rising US bond yields and market optimism limit further gains.
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Key Resistance: Nine-day EMA at 1.3979.
Support Levels: 14-day EMA at 1.3958, with a floor at 1.3950.
Trend Signal: Ascending channel pattern, RSI above 50 confirm upward bias.
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The Japanese Yen loses intraday gains against the US Dollar, pushing USD/JPY near 154.50. BoJ rate hike uncertainty and USD strength, fueled by reduced Fed rate cut bets, weigh on the Yen
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