Talking-Forex.com
Talking-Forex.com
AUD kicked off the day with the most notable move of this Thanksgiving holiday, with the currency seeing a bout of softness after Australian Capex widely missed expectations (Private Capital Expenditure Q/Q -9.2% vs. Exp. - 2.9%), seeing AUD/NZD break below 1.1000. Apart from price action in AUD, FX markets have been extremely subdued today amid light news flow with many in the US away from their desks.
In terms of moves seen, USD index spent the European session in modest positive territory to initially weigh on EUR and GBP and as such saw EUR/USD hover around the 1.0600 handle, while GBP/USD initially fell below the 1.5100 handle however retook the level later in the session.
Looking ahead, tomorrow could remain quiet, with many US participants making the most of the Thursday holiday for a long weekend, however highlights include UK GDP Figures and import/export data comments from ECB'S Linde and Knot speak.
In terms of moves seen, USD index spent the European session in modest positive territory to initially weigh on EUR and GBP and as such saw EUR/USD hover around the 1.0600 handle, while GBP/USD initially fell below the 1.5100 handle however retook the level later in the session.
Looking ahead, tomorrow could remain quiet, with many US participants making the most of the Thursday holiday for a long weekend, however highlights include UK GDP Figures and import/export data comments from ECB'S Linde and Knot speak.
The information within this website has been prepared and issued by Talking Forex on the basis of publicly available information and other sources believed to be reliable. Whilst all reasonable care is taken to ensure that the facts stated are accurate, neither Talking Forex nor any director, officer or employee shall in any way be responsible for its contents. This document is intended to provide clients with information and should not be construed as an offer or solicitation to buy or sell securities.You may cancel your service at any time, just contact us from the FAQ/support page quoting your registration email address and we will cancel your subscription as of the next billing cycle or refund your trial deposit.
Recommended Content
Editors’ Picks
EUR/USD extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold closes below key $2,318 support, US GDP holds the key
Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
Meta takes a guidance slide amidst the battle between yields and earnings
Meta's disappointing outlook cast doubt on whether the market's enthusiasm for artificial intelligence. Investors now brace for significant macroeconomic challenges ahead, particularly with the release of first-quarter GDP data.