US Dollar set to rebound in the coming months – NBF
Source Fxstreet
After jumping out of the blocks at the start of the year, the US Dollar (USD) has run out of steam and is almost back to where it started 2024 against a basket of 26 currencies.
Monetary easing in the US to be less aggressive than in the rest of the world
The recent USD weakness probably reflects a sanguine view of a soft landing for the US economy, with very limited collateral damage to corporate earnings and limited job losses.
As we remain skeptical of this view and expect monetary easing in the US to be less aggressive than in the rest of the world, where negative growth is widespread, we expect the Dollar to rebound in the coming months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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As of the Asian session on Thursday (November 5), gold prices (XAUUSD) extended yesterday's strong rebound, standing above $4,100 intraday today and reaching a high of $4,138.06, up more
NAB's 13% profit fall was mostly accounting — the bad-debt line wasn'tNAB's full-year cash earnings fell 13% to A$6.1bn, about 4% below Macquarie's forecast. A A$1.3bn software amortisation charge did most of that; excluding it, earnings were flat at A$7.1bn and the dividend was held at A$1.70. The shares fell as much as 7.9% to A$37.91 before trading 6.19% lower at A$38.62 in Sydney.
NAB's full-year cash earnings fell 13% to A$6.1bn, about 4% below Macquarie's forecast. A A$1.3bn software amortisation charge did most of that; excluding it, earnings were flat at A$7.1bn and the dividend was held at A$1.70. The shares fell as much as 7.9% to A$37.91 before trading 6.19% lower at A$38.62 in Sydney.
The Dow's 1,569-point day was a rotation, not a breakoutThe Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
The Dow jumped 1,569.40 points (+3.03%) to 53,356.12 — its best post-midterm session in 44 years — while the Nasdaq Composite added just 1.44%. Equal-weight S&P versus the Nasdaq 100 had already gapped 14 points before the vote, a 99th-percentile divergence. The index is still 2.54% below its August high.
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 5, 2026. Read on for the details.
WTI struggles below $87.50 as Democrats seek end to Iran war after midterm sweepWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – remains depressed for the second straight day on Thursday, trading just below mid-$87.00s during the Asian session and close to a near one-month low touched the previous day.
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