The dynamic duo of John and Merlin break down the current weakness in the equity markets and offer insights on where it may be headed. Later they take a look at HFT and how it is transforming the financial landscape, all while being a necessary element of market functionality. Finally, Merlin implements the Beach Body Challenge for John! For the next 21 days, he will be on a strict diet and exercise routine, in an attempt to get back to his ideal weight and fitness level! Are you ready for the challenge?!?
Editors’ Picks
EUR/USD rises to near 1.0550 after rebounding from yearly lows
EUR/USD breaks its five-day losing streak, trading around 1.0540 during the Asian session on Friday. This rebound is likely due to a downward correction in the US Dollar following comments from Fed Chair Jerome Powell.
GBP/USD: The bearish outlook remains in play below 1.2700
The GBP/USD pair edges lower to near 1.2675, the lowest level since August during the Asian trading hours on Friday. The cautious remarks from the Federal Reserve Chair Jerome Powell on Thursday and stronger US economic data boost the US Dollar broadly and weigh on the major pair.
USD/JPY reverses Japan's GDP-led spike to 156.75
USD/JPY defends minor bids below 156.50 in the late Asian session on Friday, revesing the early spike to 156.75 fuelled by unimpressive Japanese Q3 GDP data. The pair is facing headwinds from Japanese verbal intervention and a tepid risk tone, despite the sustained US Dollar strength.
Editors’ Picks
GBP/USD: The bearish outlook remains in play below 1.2700
The GBP/USD pair edges lower to near 1.2675, the lowest level since August during the Asian trading hours on Friday. The cautious remarks from the Federal Reserve Chair Jerome Powell on Thursday and stronger US economic data boost the US Dollar broadly and weigh on the major pair.
EUR/USD rises to near 1.0550 after rebounding from yearly lows
EUR/USD breaks its five-day losing streak, trading around 1.0540 during the Asian session on Friday. This rebound is likely due to a downward correction in the US Dollar following comments from Fed Chair Jerome Powell.
Gold defends key $2,545 support; what’s next?
Gold price is looking to build on the previous rebound early Friday in search of a fresh impetus amid persistent US Dollar buying and mixed activity data from China.
Bitcoin to 100k or pullback to 78k?
Bitcoin and Ethereum showed a modest recovery on Friday following Thursday's downturn, yet momentum indicators suggest continuing the decline as signs of bull exhaustion emerge. Ripple is approaching a key resistance level, with a potential rejection likely leading to a decline ahead.
Trump vs CPI
US CPI for October was exactly in line with expectations. The headline rate of CPI rose to 2.6% YoY from 2.4% YoY in September. The core rate remained steady at 3.3%. The detail of the report shows that the shelter index rose by 0.4% on the month, which accounted for 50% of the increase in all items on a monthly basis.
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