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Forex
Dow Jones Industrial Average tepid as investors await Fed
The Dow Jones is trading sluggish on Monday, stuck near 43,800.
Markets await what is broadly anticipated to be the Fed’s last rate cut of 2024.
Increases…
Pound Sterling Price News and Forecast: GBP/USD gains on steady UK PMI growth, Fed-BoE policy in spotlight
The Pound Sterling (GBP) jumps sharply to near 1.2670 against the US Dollar (USD) in Monday’s North American session after the release of the flash United…
US Dollar gains with US Services PMI outpacing Germany’s positive print
The US Dollar jumps after the prelimenary December PMI data got released.
Traders are back favoring the Greenback with the Services PMI beating the…
Crude Oil pares back earlier incurred losses and turns nearly flat on Monday
Oil prices are paring back earlier losses with China concers abating near the US trading session.
Traders have trimmed already portions of their Oil…
USD/JPY Price Forecast: Soars past 154.00, ignoring upbeat Japanese data
USD/JPY advances beyond the 154.00 mark, dismissing stronger-than-expected Japanese Flash PMIs for December.
Technical analysis highlights a bullish trend…
EUR fails to hold gains above 1.05 – Scotiabank
The Euro (EUR) got a minor boost earlier from slightly better than expected preliminary December Eurozone PMI data, Scotiabank’s Chief FX Strategist Shaun…
USD/CNH: Consolidate in recent range – OCBC
USD/CNH firmed but levels remain within recent range. Pair was last at 7.2916 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.…
EUR/USD gives up gains as ECB officials support further policy easing
EUR/USD surrenders intraday gains as ECB officials support further interest rate cuts.
The ECB is expected to cut interest rates further by 100 bps next…
EUR/USD: It’s Germany’s turn to vote – OCBC
Chancellor Scholz had called for a vote of confidence on Wed and the Bundestag will vote later today. To survive the vote, Scholz would need to receive the…
NZD/USD holds gains above 0.5750 following mixed data from China
NZD/USD remains stronger following the release of domestic and Chinese data.
China's Industrial Production rose by 5.4% YoY in November, exceeding market…