EUR/USD strengthens as weak US labor data pushes cut odds to 90%EUR/USD surges over 0.40% on Wednesday after economic data in the US reinforced bets that the Federal Reserve would cut rates at the December 9-10 meeting. The pair trades at 1.1668 after bouncing off daily lows of

GBP/USD soars as speculation over Hassett fuels Fed-pivot betsGBP/USD rallies on Wednesday during the North American session, surpasses the 1.3300 figure as market participants priced in a more dovish Federal Reserve as rumors grow that the White House economic adviser Kevin Hasset could become the next Chair taking Powells

USD/CNH put flyI mentioned a few weeks ago that I have onboarded the Perscient data system and I have started working with it this week. The system is a new product from Ben Hunt and Rusty Guinn of Epsilon Theory

Breaking: US ISM Services PMI surpasses consensus in NovemberFresh data from the Institute for Supply Management (ISM) showed the Services Purchasing Managers Index (PMI) picking up to 52.6 in November from 52.4, beating expectations of 52.1 and signalling a bit more momentum in the

EUR/USD climbs toward six-week highs as weak US data pressures the DollarThe Euro (EUR) trades on the front foot against the US Dollar (USD) on Wednesday as the Greenback remains under sustained selling pressure amid dovish Federal Reserve expectations, while traders digest the latest US services-sector

JPY advances on narrowing yield spreads to 2022 Lows ScotiabankThe Japanese Yen (JPY) is strengthening again, up 0.3% against the US Dollar (USD) as USD/JPY moves back toward Mondays lows and threatens a broader retracement of its mid-November weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret

NZD/USD gains on strong Chinese data, US labor market weaknessNZD/USD holds in positive territory around 0.5750 on Wednesday, up 0.20% on the day at the time of

US Treasurys Bessent: Regional Fed banks don't necessarily represent their districtsUS Treasury Secretary Scott Bessent said on Wednesday that he is advocating that regional Federal Reserve (Fed) bank presidents must have lived in their district for three years, per

AUD: Australia Q3 GDP comes slightly below forecast MUFGAustralias economy expanded 0.4% in Q3, below the RBAs 0.5% forecast, though Q2 growth was revised up to 0.7%, keeping the annual pace near

EUR/JPY steady as Eurozone data supports EUR, Yen gains on BoJ hike expectationsEUR/JPY trades around 181.30 on Wednesday at the time of writing, stable on the