#Trudeau resigns as expected.

#CAD futures climbed higher after the price came into the significant lows that formed in 2020.

CoT reports show a long positon being built by the commercials but with political unrest, the market may not turn just yet.

What's going on with the USDJPY?

#German Manufacturing PMI comes in lower at 42.5 for December.

There's nothing new here, Germany has more to worry about right now.

German Chancellor Olaf Scholz is holding a vote of no confidence today which could have significant impacts.

Jerome Powell struck a cautious tone, noting stronger than expected economic growth in September and slightly higher #inflation.
This pricing dynamic may reinforce the USD weakness narrative, especially as #bonds rise.
If this trend persists, we may see further downward pressure on the #USD

📉 UK Retail Sales Decline

Retail sales fell -0.7% in October, marking two straight months of declines. Inflation rose to 2.3% y/y, dampening hopes for a BoE rate cut in December. Weak growth + poor retail data = GBP under pressure heading into year-end.

#GBP #RetailSales #Economy

The #USD Index (DXY) often turns bearish from late November to late December:

- Over 53 years, the DXY was bearish 61% of the time during this period.
- In the last 10 years, the success rate rose to 80%.
- 2016 was one of the rare years the pattern failed.

Will we see this play out this year?

Watching the USD! 💵
Seasonally, the USD Index (DXY) tends to dip from late Nov to Dec:
- Bearish 61% of the time over 53 years.
- 80% success in the past decade (exception: 2016).
- Avg return: -0.86%, with a 4% max drop in 2022.
Will history repeat this year? 📉 #Forex #USD

Jordon's Post #USElection Plans

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#forex #news

Is Crude Oil SECRETLY Fueling #Inflation?

#Gold and the #USD Index, typically negatively correlated, can sometimes move in tandem.
Since September, both have risen, challenging the index's predictive value.

Following Trump’s election, gold dropped as USD strengthened. Could uncertainty spark a repeat, driving #goldprices lower?