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 clings to daily gains near 1.0400 after US inflation data
EUR/USD holds its ground and trades in positive territory near 1.0400 on Friday. The weaker-than-forecast PCE inflation data from the US and the improving risk mood makes it difficult for the USD to find demand, supporting the pair heading into the weekend.
GBP/USD climbs to 1.2550 area on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and trades near 1.2550. 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.
USD/JPY dips to test a previous top at 156.60 following hot Japanese inflation
The Yen trims some losses following higher than expected inflation levels in Japan. The hot inflation figures have increased hopes of a BoJ hike in January. Technically, the pair is correcting lower, after having reached strongly overbought levels.
Editors’ Picks
EUR/USD clings to daily gains near 1.0400 after US inflation data
EUR/USD holds its ground and trades in positive territory near 1.0400 on Friday. The weaker-than-forecast PCE inflation data from the US and the improving risk mood makes it difficult for the USD to find demand, supporting the pair heading into the weekend.
GBP/USD climbs to 1.2550 area on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and trades near 1.2550. 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.
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