David Scutt

Another strong Australian jobs report has cast doubt on the need for the RBA to reduce rates in early 2025, with evidence mounting that unemployment has peaked. Traders price more than three rate cuts over the next year, but any signs of returning inflationary pressures could spark upside for bond yields and AUD.

Gold is testing critical resistance, silver continues to climb after breaking its downtrend, and bitcoin consolidates before another potential surge. With technical and momentum signals aligning, could the stage be set for a decisive breakout across these assets?

With the market split on the SNB’s next move, all eyes are on Schlegel’s debut decision. Volatility is all but certain, especially with the European Central Bank’s rate cut call arriving soon after. Here’s what traders need to watch.

USD/JPY is testing its 200DMA, with traders eyeing today’s US inflation report as a potential catalyst. A strong core print could ignite bond yields and push the pair higher, while a softer outcome might cool the rally and invite fresh selling pressure. Tail risks look particularly acute around this important event.

AUD/USD faces fresh pressure after the RBA's dovish shift raises rate cut bets, with traders now eyeing a potential move in February. A break below key support could see the pair test new lows as the outlook for the Aussie darkens.

China’s policy pivot is turning heads and bosting markets, with Hang Seng and A50 futures charging ahead. As bulls eye breakouts, will this stimulus spark fizzle out or ignite a rally hotter than a Sichuan hotpot?