NZD/USD surrenders daily gains as the US Dollar rebounds despite dovish Fed bets.

Ciena Corporation reported a slight decrease in revenue for Q4 2024, with a net income drop from the previous year.

Equity futures point to the stock market giving back some of its post-November Consumer Price Index report pop this morning.

Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone.

The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in line with expectations. Traders increased the likelihood of a December Fed rate cut from 85% to 97%.

Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs.

Oil prices increased for a fourth straight day this week.

The Swiss National Bank surprised with a 50 bp cut and the franc is the only G10 currency that has not edged up against the greenback today.

Bitcoin recaptured the vital $100,000 threshold on Wednesday, following weeks of consolidation below it.

Australian Dollar recovery has met resistance at 0.6435, and a steady USD is weighing on Aussie's upside attempts. Strong Australian employment figures accelerated AUD's recovery earlier today.

The EUR/USD exchange rate retreated for four consecutive days after the US published strong consumer price index data.

Data on Thursday revealed that job growth in Australia surged in November. Markets slashed bets for a February RBA rate cut from 68% to 55%. The US CPI increased by 0.3% in November and 2.7% annually, as expected.

The BTC/USD pair staged a strong recovery after consolidating in the past few days. It rose to 100,500, a big increase after it tumbled to 94,000 earlier this week. It has jumped by over 130% this year.

The EUR/USD pair declined to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data.

At its December meeting, the Bank of Canada cut its key interest rate by 50 bps for the second consecutive time, as expected by the markets.

Yesterday’s CPI report was seemingly the last hurdle for the Fed to cut interest rates.

With the election behind us, both sides are marking their territory.

Asian markets climbed on Thursday, spurred by a tech-driven rally on Wall Street, as an expected U.S. consumer inflation report strengthened predictions of a Federal Reserve interest rate cut next week.

By identifying key wave dynamics and recognizing potential turning points, market participants can prepare for the next impulsive phase, ensuring strategies align effectively with the broader trend.

GM has halted funding for Cruise's robotaxi program to focus on integrating its technology into GM's own autonomous vehicle development.