Trading news

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 191K for the week ending November 29.

United States Continuing Jobless Claims: 1.939M (November 21) vs previous 1.96M

United States Initial Jobless Claims registered at 191K, below expectations (220K) in November 28

United States Initial Jobless Claims 4-week average down to 214.75K in November 28 from previous 223.75K

The Euro (EUR) weakens against the Japanese Yen (JPY) on Thursday as the Yen outperforms major peers, buoyed by growing speculation that the Bank of Japan (BoJ) could raise interest rates at its upcoming December 19 monetary policy meeting.

Russia Central Bank Reserves $ increased to $733.4B from previous $729.1B

The US Dollar is showing moderate gains against its Canadian counterpart on Thursday, trading at 1.3970 after bouncing from five-week lows near 1.3940.

United States Challenger Job Cuts down to 71.321K in November from previous 153.074K

Gold (XAU/USD) holds steady on Thursday, moving quietly within the $4,160-$4,260 range as investors adopt a wait-and-see approach ahead of the Federal Reserve’s (Fed) monetary policy meeting next week.

Brazil Gross Domestic Product (YoY) came in at 1.8%, above forecasts (1.7%) in 3Q

Brazil Gross Domestic Product (QoQ) came in at 0.1%, below expectations (0.2%) in 3Q

The US Dollar-Yen recovery attempt seen during Thursday’s early Asian session was capped at 155.50, and the pair resumed its broader bearish trend during the European trading session, breaching Monday’s low of 154.65 to hit fresh two-week lows near 154.50 at the time of writing.

The AUD/USD pair extends its winning streak for the tenth trading day on Thursday.

The Reserve Bank of Australia (RBA) could set the stage for fresh policy guidance next week, potentially signaling the start of an easing cycle, though AUD gains are not guaranteed, BNY's EMEA Macro Strategist Geoff Yu reports.

Gold (XAU/USD) is posting minor losses for the third consecutive day on Thursday, weighed by lower demand for safe havens amid a moderate risk appetite. The precious metal, however, remains supported above the mid-range of the $4,100s with the $4,264 high at a short distance.

USD/CNH bounced from a one-year-plus low as the PBOC set a higher-than-expected fixing, signaling managed support for yuan appreciation. A stronger Yuan could help China pivot towards consumer-led growth, while the USD/CNH downtrend remains intact, BBH FX analysts report.

USD/JPY dipped below 155.00 as strong demand for Japan’s 30-year government bonds pushed yields lower, highlighting investor appetite ahead of the Bank of Japan’s (BoJ) December rate decision, BBH FX analysts report.

GBP/USD remains supported after yesterday’s rally, trading above its 200-day moving average, even as the DMP survey signals moderate wage growth, BBH FX analysts report.

Ireland Gross Domestic Product (YoY) came in at 10.8%, above expectations (10.5%) in 3Q

Ireland Gross Domestic Product (QoQ) came in at -0.3%, below expectations (-0.1%) in 3Q