USD

The US Dollar finally pulled back from its aggressive Q4 breakout move, and this was fueled by the strongest weekly outing in EUR/USD in two years with last week’s bounce.

U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war

While it is well documented that the USD tends to suffer in December, the dynamics of Trump at the helm alongside another important FOMC meeting could give seasonality a run for its money. But regardless of which way the dollar travels this month, there is a clear intra-month pattern that is worth factoring in to the equation.

U.S. stocks are heading for a modestly strong start to December after posting solid gains in the previous month. The mood is cautiously upbeat as traders return from the extended Thanksgiving weekend break, despite more trade tariifs threats from Trump over the weekend. This week is a busy week for economic data, with Friday's NFP a kay focus ahead of the December Fed meeting.

USD/JPY bears have gone to work over the past two weeks, holding a lower-high even as USD spiked last Friday. And then forcing a breakdown from the descending triangle formation to test below the 151.95 level.

U.S. stocks are mixed after stronger than forecast data and ahead of the key core PCE inflation report. US GDP was revised higher to 1.9% in Q3, up from 1.8%, boosted by solid consumer spending as inflation continued to cool. Meanwhile, jobless fell to 213k. The data points to the US economy being in a good place raising questions over the Fed's ability to cut rates. US core PCE is expected to rise to 2.8% YoY in October.

U.S. stocks are heading higher, building on recent gains, as investors weigh up the implications of Trump's tariffs on its top trade partners. President-elect Trump said he would impose a 25% tariff on Canadian and Mexican imports and an additional 10% tariff on imports from China. Looking ahead, the minutes of the November Fed meeting will be released later and could provide more insight into the Fed's outlook for rates.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

U.S. stocks are heading for a weaker at open after a thinly veiled nuclear threat from Russian President Vladimir Putin and as investors digest more corporate earnings. Putin has lowered the bar for a nuclear attack after US President Biden reportedly allowed US missiles to be fired deep into Russia. Risk off is dominating. Walmart is set to open 4% higher after upbeat results and guidance.

U.S. stocks are pointing to a mixed start Monday after losses in the previous week and as investors brace themselves for earnings from AI giant Nvidia on Wednesday and plenty of Fed speakers across the week. Last week, US stocks fell sharply after Fed Chair Powell warned that the Fed was in no rush to cut rates. Tesla drives higher, adding to last week's gains on optimism surrounding self-driving under Trump.

U.S. stocks fall as investors digest stronger-than-expected US retail sales and more hawkish comments from Federal Reserve chair Jerome Powell. Powell said the Fed was in no rush to cut rates due to the solid economy, resilient jobs market, and interest still holding above 2%. As if on cue, US retail sales came in stronger than expected.

The USD bullish rally continued to rage after Powell bluntly said that the Fed may not be in a hurry to cut rates, citing a strong labour market and a "remarkably strong" economy.

The USD rally is reminiscent of the one seen in July which, if to be repeated, could see it tag 108.29 over the next month. But already it appears to be ahead of schedule. USD/JPY looks set to make a break for 156 which seems within easy reach.

US stocks are edging lower after losses in the previous session as investors digest the latest US inflation data while looking ahead to more Fed speakers later today. US inflation was in line with forecasts, rising 0.2% MoM (2.6% YoY), while core inflation was also as expected, rising 0.3% MoM (3.3% YoY). The data supports a December rate cut.

The post-election rally has extended more than 2.7% off the monthly low with USD now testing major resistance. Battle lines drawn on the DXY short-term technical charts.

U.S. stocks are set to open higher, extending gains from last week. Trump's victory continues to boost the market as investors await the next round of economic data, which could decide whether the rally can continue. US inflation data is due later in the week. Tesla and Bitcoin-related stocks are outperforming as the Trump trade shows few signs of slowing.

As the latest COT data is up to the close of election day, it shows how traders were positioned ahead of the results. Subsequent market moves suggest they needn't have piled into VIX longs and could have increased net-long exposure to the USD. But they were right to be wary of gold.