With trading ranges getting smaller and smaller for most of the worlds currencies, Tim Pesut believes this is the calm before the storm. Global events and tensions may bring the storm quicker than expected as well! Tim and Merlin talk about the Euro, Dollar, cross pairs, adaptation and the need for patience in today’s markets. Merlin also shows the results of John O’Donnell’s weekly weigh in!
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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