Frank Walbaum
FX Strategies.Asia
Important news for the day
- Thu, 04th, 14:130 US NFP employment data
Oil
Since the tensions in the Middle East continue to remain a big topic also oil prices remain affected. Should Israel attack crude Oil facilities in Iran the situation might grow further. After prices had fallen towards the USD 68.00 level they finally ran up an currently trade above the USD 74.00 zone. Yesterday the market closed even above the 50- moving average based on the daily chat. Market participants might cause prices to rise further since the uncertainty grows.
Market talk
The Dollar is heading higher into Friday’s trading. Today the biggest news with the release of the NFP data might shake up markets. Indices seem reluctant to move higher for now and remain behind their recent high- points. Gold is running higher and Silver could follow the positive trend. The Japanese Yen on the other hand hand might continue to remain in a sideways pattern and could also strengthen against other currencies.
Tendencies in the markets
- Equities correcting, USD stronger, cryptos weak, Oil strong, metals positive, JPY stronger.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.
Recommended Content
Editors’ Picks
EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.