FX

Gold falls 0.33%  as markets anticipate Fed rate cut. Markets have nearly fully priced in a 25-basis-point rate cut; focus shifts to the Fed’s dot plot for 2025 rate path insights. Investors remain attentive to US data, including GDP data and core PCE. Gold price extended its downtrend for the second consecutive day as traders

The latest input to the eurozone’s growth story – another decline in the German Ifo index – should keep market’s dovish tendency in European Central Bank pricing well intact, even if consensus is building that the upcoming German election will generate some degree of fiscal support. Ultimately, a retightening in the very wide Atlantic spread seems unlikely in

The Dow Jones accelerated into further losses, falling nearly 0.8%. Losses are concentrating in the Dow as investors second-guess Fed action. Continued declines in key health and tech stocks are further dragging the Dow lower. The Dow Jones Industrial Average (DJIA) shed another 300 points on Tuesday as losses accumulate in the key index and

German IFO Business Climate Index misses estimates with 84.7 in December. The IFO Current Economic Assessment Index rose to 85.1 in the reported month. The headline German IFO Business Climate Index dropped to 84.7 in December from 85.6 in November. The data came in below the consensus 85.6 print. Meanwhile, the Current Economic Assessment Index rose to

The DXY trades slightly lower on Monday. Markets digest recent inflation data and strong S&P PMIs figures. Attention shifts to Wednesday’s Fed rate decision. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades slightly lower on Monday after a string of data and headlines placed added

The Pound Sterling climbs to near 1.2650 against the US Dollar ahead of the release of the flash PMI data for both the UK and the US. This week, investors will focus on monetary policy decisions from the Fed and the BoE as well as UK employment and inflation data. Traders price in an interest-rate

The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks. Signs of lingering inflation pressure in the US gives the USD traction. There weren’t any major economic data highlights in Friday’s session. The US Dollar Index (DXY), which measures the

Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds. Light economic docket sees US Import Prices rise slightly, while Export Prices decline in November. Upcoming decisions by the Fed and Banxico next week could further influence USD/MXN. The Mexican Peso recovered after registering losses on

NZD/USD declines on Friday, settling around 0.5760 after trimming earlier gains near 0.5850. Pair remains capped by the 20-day SMA, with upside attempts thwarted by persistent selling pressure. RSI hovers near oversold territory at 34, while MACD histogram prints rising red bars, indicating intensifying bearish momentum. The NZD/USD pair struggled on Friday, slipping by 0.14%

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EUR/USD edges higher on Friday, settling at 1.0495 as it approaches the 20-day SMA. RSI rises sharply to 44 but remains in negative territory, indicating improving momentum within a bearish context. The EUR/USD pair managed a modest rebound on Friday, rising by 0.2% to 1.0495 after testing fresh lows earlier in the week. The pair

Gold price struggles to capitalize on its modest intraday gains amid mixed fundamental cues. Expectations for a less dovish Fed and elevated US bond yields cap gains for the XAU/USD. Geopolitical risks, trade war fears and Fed rate cut bets could lend support to the precious metal. Gold price (XAU/USD) surrenders a major part of

Gold declines over 1% as US PPI rises unexpectedly, countering a weak jobs report and complicating disinflation narrative. Investors anticipate a potential Fed rate cut with high expectations of a 25 bps reduction next week. US Treasury yields see a slight increase, adding pressure to Gold prices as market prepares for upcoming Fed decision. Gold

Euro (EUR) is unlikely to weaken much further; it is more likely to trade in a 1.0475/1.0535 range. In the longer run, current price movements are likely part of a range trading phase, expected to be between 1.0465 and 1.0610, UOB Group’s FX analyst Quek Ser Leang and Lee Sue Ann note.   EUR expected

TOP PANEL: SPX & Volatility Stops BOTTOM PANEL: % of SPX stocks > 20 MA , NYSE A/D line Section 1: The market has bad brea(d)th When it comes to the market’s foundation, things aren’t looking as strong as they seem. The middle panel of the chart highlights the cumulative NYSE A/D line, which tracks the net

AUD/JPY depreciates as traders exercise caution ahead of the US CPI report. The Australian Dollar faced challenges as the RBA Governor Bullock stated that upside inflation risks have eased. The JPY gained ground as robust Japan’s PPI data suggested the possibility of further BoJ’s rate hikes. AUD/JPY continues to lose ground for the second successive

Gold prices surge toward $2,700, supported by strong market anticipation of a Fed rate cut this December. US small business optimism rises, yet traders await crucial US CPI and PPI data later this week. Speculation about China’s central bank Gold purchases and political changes in Syria also influence market dynamics. Gold climbed during the North

Here is what you need to know on Tuesday, December 10: The Australian Dollar (AUD) stays under selling pressure early Tuesday following the Reserve Bank of Australia’s (RBA) monetary policy announcements. The European economic docket will not offer any high-impact data releases. Later in the day, third-quarter Unit Labor Costs and Nonfarm Productivity data from