EUR/USD
1.15629
-0.007%
Gold
4069.71
1.643%
Oil
60.163
0.816%
USD/JPY
153.952
0.343%
GBP/USD
1.31564
-0.048%
GBP/JPY
202.549
0.294%
Real-time News
The US dollar fell as much as 0.3% against the Malaysian ringgit to 4.161, its lowest level since October 2, 2024.November 10th - According to a Nikkei report, economist Takuji Aida, who has been selected to join the Japanese governments key advisory committee, stated that the Bank of Japan should avoid raising interest rates in December and should wait until at least January to support the fragile economy. In an interview released on Monday, Aida pointed out that the government should use large-scale spending to mitigate the impact of rising living costs on the public before real household income returns to positive growth. "A December rate hike by the Bank of Japan would face significant risks," Aida said, citing the possibility that the Japanese economy may have already contracted in the third quarter. He has been selected to join Prime Minister Sanae Takaichis core think tank to participate in the deliberation of the governments growth strategy. Aida emphasized that a December rate hike would also contradict the governments efforts to stimulate the economy through large-scale spending. If the Bank of Japan can foresee robust economic growth in fiscal year 2026, then a rate hike in January of the following year would be a more feasible option.November 10th, Futures News: Economies.com analysts latest view: Spot gold recorded a significant rise in the previous trading session, strongly breaking through the key resistance level of $4,050, which was the potential target mentioned in our previous analysis. This positive performance further consolidates the prices stability above the 50-day EMA, providing additional momentum for spot gold to continue expanding its profits.November 10th, Futures News: Economies.com analysts latest view: WTI crude oil futures prices rose during the previous trading day, touching the EMA50 moving average resistance level, attempting a technical correction within the short-term downtrend. The current price is still moving along the downward trend line, further strengthening selling pressure in the market.November 10th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices showed a cautious upward trend in the previous trading session, mainly supported by a positive signal from the Relative Strength Index (RSI). Previously, prices had digested overbought conditions and touched the resistance level of its 50-day exponential moving average (EMA50). With the main bullish trend dominating and prices moving along the secondary trend line in the short term, this somewhat reduces the likelihood of further price rebounds in the near future.
