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Norway Core Inflation (MoM) increased to 0.2% in September from previous -0.5%
Norway Core Inflation (MoM) increased to 0.2% in September from previous -0.5%
Norway Producer Price Index (YoY) remains at 30.1% in September
Norway Producer Price Index (YoY) remains at 30.1% in September
Norway Consumer Price Index (MoM) climbed from previous -0.3% to 0.5% in September
Norway Consumer Price Index (MoM) climbed from previous -0.3% to 0.5% in September
Norway Consumer Price Index (YoY) below expectations (3.6%) in September: Actual (3.4%)
Norway Consumer Price Index (YoY) below expectations (3.6%) in September: Actual (3.4%)
Indian Rupee attracts bids as US bond yields cool down
The Indian Rupee (INR) trades slightly higher against the US Dollar (USD) on Friday. The USD/INR pair corrects to near 96.55, but is still close to its all-time high of 97.00. The Indian currency gets a much-needed reprieve from a corrective move in United States (US) Treasury Yields.
Asian Stocks struggle as OpenAI revenue miss hits AI sector, trade concerns loom
Asian stocks struggled on Friday following an overnight selloff in US tech shares, as concerns over OpenAI’s revenue outlook weighed heavily on the broader artificial intelligence sector.
Swiss Franc remains on front foot as USD slips further amid softer bond yields
The USD/CHF pair attracts sellers for the second straight day on Friday, extending the previous day's retracement slide from the vicinity of mid-0.8300s, or a one-week high.
AUD/JPY Price Forecast: Strengthens above 110.00, but remains bearish below 100-day SMA
The AUD/JPY cross trades in positive territory around 110.30, snapping the two-day losing streak during the early European trading hours. Cautious rhetoric from Japanese policymakers weighs on the Japanese Yen (JPY) against the Australian Dollar (AUD).
EUR/USD Price Forecast: Holds gains near 1.1230 on softer USD; bearish bias persists
The EUR/USD pair attracts buyers for the second straight day, rising to the 1.1225-1.1230 area during the Asian session on Friday amid a weak US Dollar (USD). Spot prices, however, remain confined within a range held since the beginning of this month, warranting some caution for bulls.
EUR/JPY Price Forecast: Tests 177.50 barrier near nine-day EMA
EUR/JPY gains ground for the second consecutive day, trading around 177.40 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross is moving downward within the descending channel pattern, suggesting a persistent bearish bias.
New Zealand Dollar strengthens above 0.5600 amid softer US Dollar, easing yields
The NZD/USD pair gains traction to near 0.5615 during the early Asian trading hours on Friday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid easing Treasury bond yields. Traders weigh lingering inflation concerns and the outlook for Federal Reserve (Fed) interest rates.
Japanese Yen struggles for firm direction as softer USD limits intraday slide
The USD/JPY pair struggles to capitalize on a modest Asian session uptick on Friday, now trading near the lower end of its daily range, below the 158.00 mark amid a broadly weaker US Dollar (USD).
British Pound edges higher to near 1.3250, renewed UK fiscal concerns in focus
The GBP/USD pair gathers strength to around 1.3240 during the early Asian trading hours on Friday. The US Dollar (USD) softens against the British Pound (GBP) following comments from Federal Reserve (Fed) Governor Christopher Waller.