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Forex
SPX: Market has a bad brea(d)th
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…
Pound Sterling Price News and Forecast: GBP/USD recovers losses against US Dollar
The Pound Sterling (GBP) recovers intraday losses and edges higher to near 1.2770 against the US Dollar (USD) in Wednesday’s North American session. The…
OPEC slashes Oil demand forecasts on weak economic outlook
OPEC+ cuts global oil demand forecast by 210K barrels per day for this year.
For 2025, the demand forecast is trimmed further by 90K barrels per day.
WTI…
Silver Price Forecast: XAG/USD rebounds from $31.60 as sticky US CPI boosts Fed rate cut bets
Silver price recovers from 31.60 after the US CPI data release, which showed that price pressures remained sticky in November.
An expected growth in the US…
US Dollar falls flat after CPI opens door for last Fed rate cut in 2024
The US Dollar falls back to flat after inflation gauge for November falls in line of expectations.
Traders are boosting bets for a rate cut next week from…
BoC set to cut interest rate again as economic growth challenges persist
Bank of Canada is expected to cut its policy rate by 50 bps.
The Canadian Dollar fell to fresh four-year lows against the US Dollar.
Headline inflation in…
Gold steadies below $2,700 ahead of the US CPI report
Gold rally stalls below $2,700 with all eyes on the US CPI data for November.
US Consumer Prices are expected to show sticky inflationary pressures and…
BoJ officials remain open to a hike next week depending on data, market developments – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Wednesday that the Bank of Japan (BoJ) policymakers see little cost to waiting for the next rate…
USD/CHF: SNB is going to be in focus tomorrow – OCBC
USD/CHF inched higher overnight, tracking broader US Dollar (USD) moves and in anticipation of SNB meeting on Thursday. Pair was last at 0.8848 levels. Last…
CEE: FX remains rather muted in EUR-crosses – ING
After the inflation numbers in Hungary and the Czech Republic, this morning we also saw the numbers in Romania. November inflation rose from 4.7% to 5.1%,…