DNA Markets - Daily Fundamental Analysis Report 26 November

Here is your Daily Fundamental Analysis Report for the FX market, covering the key topics influencing currency movements today. This summary highlights the major economic drivers, current market sentiment, and important developments that may impact volatility and direction across major pairs.
DNA Markets | 345 hari yang lalu

1. USD/JPY Dips on Rate-Cut Bets 

  • Recent softer US data significantly raised expectations for a December Fed rate cut.
  • The pair is under pressure, probing key support levels as the USD softens across the board.
  • Bank of Japan (BoJ) rate hike rhetoric and intervention fears are also capping upside moves. 

2. USD/CAD Bullish Momentum Continues

  • The USD/CAD pair has staged a rally, driven by broad US Dollar strength and weakness in the CAD.
  • Weaker crude oil prices, coupled with soft Canadian economic data, are undercutting the loonie.
  • The technical setup is firmly bullish, eyeing a break of recent highs around 1.4140. 

3. AUD/USD Strengthens on Data

  • AUD/USD saw a recent bounce, finding support despite cautious global risk sentiment.
  • A dovish shift in Fed rate expectations is the main driver, boosting risk-sensitive currencies.
  • The pair remains sensitive to US-China geopolitical developments and further shifts in market risk. 

4. US Data Confirms Dovish Pivot

  • Last week's US data, including soft core PPI and retail sales, confirmed a dovish Fed pivot.
  • Consumer Confidence and ADP employment both missed forecasts, suggesting economic slowing.
  • The change in rate-cut odds for the December FOMC meeting has been significant and sharp. 

5. Key Upcoming US Catalysts

  • Today's focus is on US Durable Goods Orders and the final GDP reading.
  • Thursday is a US market holiday (Thanksgiving), leading to low liquidity and potential volatility.
  • The next major data point is the Chicago PMI, which will offer a final read on November activity.

 

To begin your trading journey, visit www.dnamarkets.com  

DNA Markets
Tipe: ECN
Regulasi: ASIC (Australia), IFC (St. Lucia)
baca selengkapnya
The dollar saves the day

The dollar saves the day

The dollar rebounds as the AI-driven S&P 500 sell-off boosts safe-haven demand, while the BoE’s first hike since 2023 fails to support the pound.
FxPro | 9 jam 4 menit yang lalu
Tech Stocks Lead US Selloff Ahead of Payrolls

Tech Stocks Lead US Selloff Ahead of Payrolls

AI-related shares led the worst US equity session since 2020 as investors feared tighter oversight of AI and data-center buildout following the midterm results; Truist called it a “buyers’ strike in tech.” The selloff is spreading beyond Wall Street: Korean chipmakers fell about 10% before the open, the Kospi dropped below 5,000, CoreWeave’s five-year credit default swap widened to a record
ATFX | 10 jam 19 menit yang lalu