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Forex
EUR/USD near highest level since early October – BBH
EUR/USD is trading near its highest level since October 1 as Eurozone PMI data showed a modest slowdown, while German ZEW expectations improved sharply. The relative policy stance…
Brent Crude falls below $60 for first time in over seven months – Commerzbank
Brent Crude fell below $60 per barrel this morning, marking the lowest level in more than seven months, while WTI closed at its weakest since February 2021. Optimism over a…
CNY gains 0.9% in November on trade-weighted basis – Commerzbank
The Chinese Yuan (CNY) continued its steady appreciation, supported by a weaker US Dollar (USD), with USD/CNY falling to 7.0471. Banking sector foreign currency reserves rose…
Unusual Tuesday release for US jobs report – Commerzbank
The US labour market report breaks with tradition by landing on a Tuesday, but expectations are modest, with job growth seen at just 50k and little change in unemployment. Even a…
EUR/USD stands tall with Eurozone preliminary PMIs on focus
EUR/USD remains steady near two-and-a-half-month highs on Tuesday, trading practically flat at 1.1750 at the time of writing, ahead of the release of the preliminary Eurozone…
Why Dow Inc. (DOW) fell more than broader market
Dow Inc. (DOW) closed the most recent trading day at $23.45, moving -2.17% from the previous trading session. This move lagged the S&P 500's daily loss of 0.16%. Meanwhile, the…
US Nonfarm Payrolls data to ramp up volatility
Here is what you need to know on Tuesday, December 16:The US Dollar (USD) stabilizes early Tuesday after posting marginal losses against its major rivals on Monday. The US economic…
Japanese Yen climbs as BoJ rate hike bets rise, USD stays defensive
The Japanese Yen (JPY) remains on the front foot against a bearish US Dollar (USD) for the second straight day and climbs to a one-and-a-half-week high during the Asian session on…
When are the German/ Eurozone flash HCOB PMIs and how could they affect EUR/USD?
German/ Eurozone flash PMIs OverviewThe preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for December is due for release today at 08:30 and 09:00…
USD/CAD flattens around 1.3770 ahead of delayed US NFP data
The USD/CAD pair trades in a tight range around 1.3775 during the Asian trading session on Tuesday. The Loonie pair consolidates as the US Dollar (USD) remains on the defensive…