Originally updated: 06:15am
Currency Pair: None
Sentiment: Neutral
Fundamentals:
The market remains quiet ahead of Thanksgiving Day in the US today. We expect volume to remain relatively low with no tier 1 data out of the US today and many traders seen taking today and tomorrow off. From the eurozone we have ECB President Mario Draghi speaking about the European economic outlook this morning. We will be looking for any dovish comments which could possibly lead to selling opportunities in the EUR/USD.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
Recommended Content
Editors’ Picks
RBA keeps interest rate steady at 4.35%, as expected
The Reserve Bank of Australia board members decided to keep the Official Cash Rate unchanged at 4.35% after its May monetary policy meeting on Tuesday. The policy announcement was widely expected by the markets. The RBA extended its pause for the fourth meeting in a row.
USD/JPY extends recovery above 154.00, focus on Fedspeak
The USD/JPY pair trades on a stronger note around 154.10 on Tuesday during the Asian trading hours. The recovery of the pair is supported by the modest rebound of US Dollar to 105.10 after bouncing off three-week lows.
Gold price extends its upside as markets react to downbeat jobs data
Gold price extends its recovery on Tuesday. The uptick of the yellow metal is bolstered by the weaker US dollar after recent US Nonfarm Payrolls (NFP) data boosted bets that the Federal Reserve would cut interest rates later this year.
Bitcoin miner Marathon Digital stock gains ground after listing by S&P Global
Following Bitcoin miner Marathon Digital's inclusion as an upcoming member of the S&P SmallCap 600, the company's stock received an 18% boost, accompanied by an $800 million rise in market cap.
RBA expected to leave key interest rate on hold as inflation lingers
Interest rate in Australia will likely stay unchanged at 4.35%. Reserve Bank of Australia Governor Michele Bullock to keep her options open. Australian Dollar bullish case to be supported by a hawkish RBA.