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Updated: 1 hour 29 sec ago

Daily Market Outlook - Friday, Nov. 29

Fri, 11/29/2024 - 05:15
Although a quiet post-Thanksgiving day was anticipated in Asia, investors were prompted to chase the yen, which is poised for its strongest week in four months, by Tokyo's surprisingly high CPI data.

Sensex Today Trades Higher; Nifty Above 24,000; Adani Green Energy Jumps 8%

Fri, 11/29/2024 - 05:00
Indian share markets are trading on a positive note with the Sensex trading 270 points higher and Nifty is trading 76 points higher.

USD/CAD Finds Temporary Support Below 1.4000, Canadian Q3 GDP In Focus

Fri, 11/29/2024 - 04:37
USD/CAD finds an interim cushion near 1.3980, investors await Canadian monthly and Q3 GDP data.

Is The Concentration Of The Assets Under Custody A Threat For The Global ETF Industry?

Fri, 11/29/2024 - 04:20
Since the assets under management in the global ETF industry are highly concentrated on different levels it is not surprising that the assets under management are also highly concentrated on the custodial level.

S&P/TSX 60 Index Elliott Wave Technical Analysis

Fri, 11/29/2024 - 04:02
The current wave structure focuses on wave 3, which is progressing after the completion of wave 2, signaling continued upward momentum.

AUD/USD Holds Steady Above 0.6500, Lacks Bullish Conviction Amid Trade War Fears

Fri, 11/29/2024 - 03:50
AUD/USD attracts buyers for the third straight day amid a modest USD weakness.

Month-End Dollar Outflows Persist

Fri, 11/29/2024 - 03:40
Trading conditions will be thin once again on this Friday with the US market out for the Thanksgiving holiday.

FX Daily: Limited Activity Amid Diverging Signals

Fri, 11/29/2024 - 03:30
The US market reopens post-Thanksgiving with limited activity expected. The DXY strengthened slightly, correcting Wednesday’s sell-off.

GBP/USD Forecast: Eyes Breakout

Fri, 11/29/2024 - 03:20
The market has pulled back just a bit to show signs of weakness, only to turn around and show signs of life.

Forex: The Yen Sizzles After A Red Hot Tokyo Inflation Print Dazzles

Fri, 11/29/2024 - 02:45
There is potential to price in maximal policy divergence between the Fed and the BoJ at the upcoming meeting; hence, USDJPY sub147, b

Forex Elliott Wave Technical Analysis: Euro/British Pound

Fri, 11/29/2024 - 02:00
This Elliott Wave analysis evaluates the EURGBP currency pair on a daily chart, emphasizing a bearish trend.

Gold Trading Strategy, XAUUSD Analysis & Forecast - Friday, Nov 29

Fri, 11/29/2024 - 01:15
Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD?

Is There Still Space For Disney+ To Thrive In Netflix’s World?

Fri, 11/29/2024 - 00:30
The streaming market is expected to grow at a compound annualized rate of nearly 18% to hit $2.5 trillion valuation by the end of 2032.

Russell 2000 Earnings Dashboard 24Q3: Thursday, Nov 28

Thu, 11/28/2024 - 23:45
The 24Q3 Y/Y blended earnings growth estimate is 28.4%. If the energy sector is excluded, the growth rate for the index is 61.6%.

Google Faces Antitrust Probe In India Over Gaming App Policies

Thu, 11/28/2024 - 23:00
India’s Competition Commission of India (CCI) has launched an investigation into Google’s (googl) policies regarding real-money games on its Play Store platform.

Homebuilder ETFs Gain Traction

Thu, 11/28/2024 - 22:15
The housing sector has been building up strong momentum in recent weeks, thanks to a flurry of upbeat data, lower mortgage rates, and Fed rate cuts.

Asia Morning Bites For Friday, Nov 29

Thu, 11/28/2024 - 21:30
Hotter-than-expected Tokyo inflation supports further Bank of Japan rate normalisation, but further production weakness in Korea shows that the Bank of Korea has more policy easing to do.

USD/JPY Attracts Some Sellers Below 151.00 As Japan’s Tokyo CPI Inflation Accelerates In November

Thu, 11/28/2024 - 20:45
The USD/JPY pair loses traction to around 150.95 during the early Asian session on Friday. The Japanese Yen (JPY) edges higher after the hotter-than-expected Japan’s Tokyo Consumer Price Index (CPI) inflation report for November. 

Gold Holds Firm Above $2,600 As Geopolitical Jitters, Dovish Fed Fuels Demand

Thu, 11/28/2024 - 20:00
Gold price consolidated around $2,630 on Thursday amid thin liquidity trading as US markets are closed for Thanksgiving.

EUR/USD Treads Water Ahead Of Key EU Inflation Print

Thu, 11/28/2024 - 19:15
EUR/USD churned chart paper just south of the 1.0600 handle on Thursday, failing to extend Fiber’s recent bullish recovery but not losing any ground either.

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