Nasdaq 100 Technical: At Risk Of Staging A Multi-week Corrective Decline
A transition from a Fed “dovish pivot” to a “normalization” pivot may put a halt to this year-end seasonal “Santa Rally” on the US stock indices.
2024-12-20
Uk Borrows Less Than Expected In November But Reeves Still Under Pressure
(Dec 20): Britain ran a smaller-than-expected budget deficit last month as a past lull in inflation pushed down interest paid on
2024-12-20
Oil Prices On Track For Weekly Loss As Demand Pessimism Dominates Markets
Crude oil prices were on track for yet another weekly loss earlier today as pessimism about demand growth in China continued to dominate markets.
At the time of writing
2024-12-20
Eur/gbp Gathers Strength To Near 0.8300 After Uk Retail Sales Data
EUR/GBP holds positive ground to around 0.8300 in Friday’s early European session.
UK Retail Sales increased 0.2% on a monthly basis in November vs. 0.5% expected.
Expectations of a more aggressive rate-cut path by ECB might undermine the Euro and cap the upside for the cross.
2024-12-20
Usd/chf Gains Ground Above 0.8950 As Traders Brace For Us Pce Data
USD/CHF trades with mild gains near 0.8980 in Friday’s early European session.
The Fed’s hawkish approach and encouraging US economic data support the USD.
The safe-haven flows might boost the CHF and cap the upside for the pair.
2024-12-20
December 20th Financial News
There may be three more hawkish FOMC members in 2025. The Bank of Japan keeps rates unchanged for the third straight time...
2024-12-20
Philippines May Open 2025 With Rate Cut, Central Banker Says
The Philippine central bank is open to delivering another rate cut in its first monetary policy meeting next year, Governor Eli Remolona said Friday.
2024-12-20
Japan’s Core Inflation Accelerates, Keeps BoJ Rate-hike Chance Alive
Japan’s core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.
2024-12-20
Usd/cad Price Forecast: Moves Away From Multi-year Peak, Slips Below 1.4400 Mark
USD/CAD retreats after touching a fresh multi-year peak earlier this Thursday.
The overbought RSI prompts some profit-taking amid subdued USD price action.
The recent breakout through an ascending trend channel favors bullish traders.
2024-12-19
Eur/usd Rebounds As Investors Digest Fed’s Hawkish Guidance
EUR/USD rebounds to near 1.0400 as the US Dollar takes a breather after the rally induced by the Fed’s hawkish guidance.
Fed officials see only two interest rate cuts in 2025, fewer than the four projected earlier.
ECB Wunsch said he is comfortable with market expectations of four 25 bps interest rate cuts in 2025.
2024-12-19
Gbp/jpy Appreciates To Near 195.50 After Boj Policy, Focus Shifts To Boe Decision
GBP/JPY rose after the BoJ decided to keep the short-term rate target unchanged within the range of 0.15%-0.25%.
BoJ Summary suggests that uncertainty surrounding Japan's economic and price outlook remains significant.
The Pound Sterling appreciates as traders expect the BoE to maintain its current interest rates at 4.75% on Thursday.
2024-12-19
Aud/jpy Climbs Above 96.50 As Boj Leaves Interest Rate Unchanged In December
AUD/JPY attracts some buyers to near 96.70 in Thursday’s Asian session, up 0.40% on the day.
BoJ kept its policy unchanged at its December meeting on Thursday.
The RBA dovish expectations might cap the upside for the cross.
2024-12-19
December 19th Financial News
The Fed cut interest rates by 25 basis points, indicating a slower pace of future rate reductions. Meanwhile, Morgan Stanley suggests that the Bank of England (BoE) might signal further rate cuts this week...
2024-12-19
Usd: Trump Policy Pledges To Be Felt At The Fomc – Ing
Our view for today’s Fed rate announcement is that the risks are broadly balanced for the dollar, and we see limited scope for a surprise driving major FX moves, ING’s FX analyst Francesco Pesole notes.
2024-12-18
Aud/jpy Remains Tepid Around 97.00 Due To Rising Odds Of Rba Reducing Rates Sooner
AUD/JPY extends its losses as the AUD remains under pressure due to renewed concerns about China's economy.
National Australia Bank maintains its forecast for the first RBA rate cut at the May 2025 meeting.
The Japanese Yen struggles as the BoJ is widely expected to keep interest rates steady on Thursday.
2024-12-18
Oil Steady While Market Eyes Fed Rate Decision
SINGAPORE (Dec 18): Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected i
2024-12-18
