US Pending Home Sales unchanged in November

Pending Home Sales in the US declined 5.2% on a yearly basis in November.
US Dollar Index stays in negative territory below 101.00.

Eren Sengezer FXStreet

Pending Home Sales in the US were unchanged on a monthly basis in November, the National Association of Realtors reported on Thursday. This reading followed a 1.2% decrease recorded in October and came in weaker than the market expectation for an increase of 1%. On a yearly basis, Pending Home Sales fell 5.2%.

Market reaction

The US Dollar showed no immediate reaction to this data. At the time of press, the US Dollar Index was down 0.12% on a daily basis at 100.82.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

AUD/USD falters just above 0.7000; looks at the jobs data

AUD/USD has briefly managed to surpass the 0.7000 threshold on Wednesday, although the move rapidly dissipated following higher-than-estimated US inflation data in September, which has eventually lent extra legs to the Greenback. Moving forward, the release of the labour market report will take centre stage in Australia on Thursday.

USD/JPY consolidates near 158.50; looks to US CPI for fresh impetus

USD/JPY stays range-bound near 158.50 in the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the pair. Traders also seem hesitant ahead of the release of the latest US inflation figures.

Gold remains offered below $4,100

Gold adds to the weekly bearish tone and slips back below the $4,100 mark per troy ounce on Wednesday. Indeed, the precious metal continues to suffer the stronger US Dollar and rising US Treasury yields as bets for extra tightening by the Fed remain on the rise following US inflation figures.

Bitcoin and Gold Forecast: BTC and XAU drop after hot US CPI

Bitcoin (BTC) is edging lower toward $82,000 on Wednesday as headwinds from sticky inflation in the United States (US) force investors to reevaluate their positioning. Gold (XAU/USD) remains under sustained selling pressure, trading below $4,100 and falling for a third consecutive day. As the correction intensifies, a retest of key $4,000 support appears likely unless bearish momentum abates.

Stock futures just went red on the CPI. Here's what the bond market is pricing that equities haven't caught up to

Since late June, the bond market has been pricing in a Federal Reserve (Fed) that keeps raising rates into 2027, and most US stocks have already been marked down for it. The S&P 500 hasn't, because a handful of AI-linked giants make up much of the index and their prices haven't followed the rest.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?