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View the daily news commentary to obtain insight on the financial markets.

United States Unit Labor Costs above forecasts (0.5%) in 3Q: Actual (1.9%)

November 7, 2024, 1:30:53 PM UTC
United States Unit Labor Costs above forecasts (0.5%) in 3Q: Actual (1.9%)
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United States Continuing Jobless Claims above forecasts (1.88M) in October 25: Actual (1.892M)

November 7, 2024, 1:30:41 PM UTC
United States Continuing Jobless Claims above forecasts (1.88M) in October 25: Actual (1.892M)
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United States Initial Jobless Claims in line with expectations (221K) in November 1

November 7, 2024, 1:30:43 PM UTC
United States Initial Jobless Claims in line with expectations (221K) in November 1
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United States Initial Jobless Claims 4-week average down to 227.25K in November 1 from previous 236.5K

November 7, 2024, 1:30:10 PM UTC
United States Initial Jobless Claims 4-week average down to 227.25K in November 1 from previous 236.5K
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US Dollar eats into post-election rally with focus towards the Federal Reserve decision

November 7, 2024, 1:24:53 PM UTC
The US Dollar (USD) is facing more selling pressure as the fade becomes larger with profit-taking pressure persisting on Thursday after the Greenback had its best performance in years in reaction to Donald Trump winning the US presidential election.
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Silver Price Forecast: XAG/USD rebounds above $31.50 ahead of Fed policy decision

November 7, 2024, 1:24:39 PM UTC
Silver price (XAG/USD) bounces back above $31.00 in Thursday’s North American session after a sharp nosedive move on Wednesday.
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Gold finds feet after diving three percent on Trump victory

November 7, 2024, 1:24:27 PM UTC
Gold (XAU/USD) bounces back into the $2,670s on Thursday after falling three percent on the previous day when now President-elect Donald Trump secured a victory in the US presidential election.
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Crude Oil depressed with markets bearishness on Oil in upcoming Trump presidency

November 7, 2024, 1:21:01 PM UTC
Crude Oil is materializing the outlook commodity traders retain after having assessed the impact of the Trump trade on Oil prices in the long term. US President-elect Donald Trump has vowed to boost shale Oil production in the US, which would add more
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Mexican Peso recovers on elevated Mexican inflation data

November 7, 2024, 1:20:45 PM UTC
The Mexican Peso (MXN) maneuvers a U-turn that an F1 driver would be proud of during the volatility accompanying the US presidential election.
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BoE Press Conference: Governor Bailey comments on policy outlook after cutting bank rate by 25 bps

November 7, 2024, 1:00:59 PM UTC
Market consensus points to further easing by the Bank of England's (BoE) upcoming interest rate decision on Thursday.
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Federal Reserve expected to proceed with interest-rate cutting cycle as Trump victory clouds policy outlook

November 7, 2024, 1:00:00 PM UTC
The US Federal Reserve (Fed) will announce monetary policy decisions following the November policy meeting on Thursday, just barely two days after Donald Trump was elected as the 47th president of the United States.
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Bailey speech: Will watch very closely what Trump administration does on trade

November 7, 2024, 12:58:46 PM UTC
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the November meeting.
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Bailey speech: Path of interest rates will be very different due to budget

November 7, 2024, 12:49:56 PM UTC
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the November meeting.
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NZD/USD Price Forecast: Bear move almost reaches target but MACD crosses higher

November 7, 2024, 12:43:13 PM UTC
NZD/USD has fallen in the C wave of a bearish ABC pattern which began life at the September 30 highs.
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Bailey speech: UK labour market giving mixed signals

November 7, 2024, 12:41:29 PM UTC
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the November meeting.
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EUR/USD bounces back ahead of Fed policy meeting

November 7, 2024, 12:34:15 PM UTC
EUR/USD rebounds to near 1.0770 in North American trading hours on Thursday.
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Pound Sterling rises as BoE cuts interest rates by 25 bps to 4.75%

November 7, 2024, 12:27:38 PM UTC
The Pound Sterling (GBP) gains against its major peers on Thursday as the Bank of England (BoE) reduces its interest rates by 25 basis points (bps) to 4.75%.
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Mexico Headline Inflation above expectations (0.51%) in October: Actual (0.55%)

November 7, 2024, 12:00:42 PM UTC
Mexico Headline Inflation above expectations (0.51%) in October: Actual (0.55%)
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Mexico Core Inflation came in at 0.28%, below expectations (0.33%) in October

November 7, 2024, 12:00:39 PM UTC
Mexico Core Inflation came in at 0.28%, below expectations (0.33%) in October
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United Kingdom BoE MPC Vote Rate Hike in line with forecasts (0)

November 7, 2024, 12:00:38 PM UTC
United Kingdom BoE MPC Vote Rate Hike in line with forecasts (0)
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United Kingdom BoE MPC Vote Rate Unchanged came in at 1 below forecasts (2)

November 7, 2024, 12:00:16 PM UTC
United Kingdom BoE MPC Vote Rate Unchanged came in at 1 below forecasts (2)
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Mexico 12-Month Inflation above forecasts (4.72%) in October: Actual (4.76%)

November 7, 2024, 12:00:07 PM UTC
Mexico 12-Month Inflation above forecasts (4.72%) in October: Actual (4.76%)
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United Kingdom BoE Interest Rate Decision meets forecasts (4.75%)

November 7, 2024, 12:00:03 PM UTC
United Kingdom BoE Interest Rate Decision meets forecasts (4.75%)
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USD/CHF Price Prediction: Potential Bull Flag pattern forming

November 7, 2024, 11:56:51 AM UTC
USD/CHF – which looked as if it might be reversing trend and starting a new short-term downtrend at the start of the week – suddenly turned on a dime and spiked higher on Wednesday.
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Will the Riksbank go all out? – Commerzbank

November 7, 2024, 11:45:23 AM UTC
The market has strongly priced in the fact that the Riksbank will frontload, as it expects the bank to cut rates by a whopping 50 basis points today, from 3.25% to 2.75%.
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Will Norges start earlier? – Commerzbank

November 7, 2024, 11:29:23 AM UTC
In Norway, inflation has remained at high levels for a long time compared to other countries, especially the core rate.
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How dovish is the Bank of England really? – Commerzbank

November 7, 2024, 11:23:09 AM UTC
In between central bank decisions from the far north and the US, the Bank of England (BoE) meets today, Commerzbank’s FX Analyst Michael Pfister notes.
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The German coalition goes out with a bang – Commerzbank

November 7, 2024, 11:15:02 AM UTC
Not only was there a political bang in the US yesterday, but also in Germany late last night.
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Ireland HICP (MoM) meets forecasts (0.3%) in October

November 7, 2024, 11:02:17 AM UTC
Ireland HICP (MoM) meets forecasts (0.3%) in October
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Ireland Consumer Price Index (YoY) remains at 0.7% in October

November 7, 2024, 11:01:46 AM UTC
Ireland Consumer Price Index (YoY) remains at 0.7% in October
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