Month: December 2024

Forex

EUR/USD slides on ECB dovish bets, firm US Dollar ahead of US inflation

EUR/USD tests region below 1.0500 as the Euro (EUR) weakens, weighed by expectations of further ECB interest-rate cuts. The ECB…

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Forex

AUD/USD seems vulnerable near YTD low, around mid-0.6300s ahead of US CPI

AUD/USD hits a fresh year-to-date low and is pressured by a combination of factors. The RBA’s dovish tilt and China’s…

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Metals

XAU price steadies below $2,700 as traders seem reluctant ahead of US inflation data

Gold price witnessed good two-way price moves amid some repositioning ahead of the US CPI report. Bets for a less…

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Energies

WTI continues to rise toward $69.00 due to improved demand outlook in China

WTI price appreciates as China announced plans to adopt proactive fiscal stimulus measures next year. API Weekly Crude Oil Stock…

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Forex

Chart of The Day – USDIDX

The US Dollar Index faces a critical juncture ahead of Wednesday’s CPI data, with market expectations tilted toward persistent inflation…

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Economic Calendar

U.S CPI Takes Center Stage Today

All eyes on US CPI Today’s US CPI print for November is pivotal for markets. It is expected to show…

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Economic Calendar

Today’s Economic Calendar – BOC Rate Decision

Today’s calendar features crucial US inflation data, Bank of Canada’s rate decision, and EIA inventory reports. Markets await OPEC’s monthly…

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Metals

The Asian Session

Asian markets mixed ahead of key US inflation data. Japan’s Nikkei is flat, China’s CSI 300 up 0.2%, Hong Kong’s…

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Forex

EUR/USD slides on ECB dovish bets, US inflation in focus

EUR/USD drops to near 1.0530 as investors await key events including US inflation and the ECB policy meeting. The ECB…

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Metals

Gold steadies near two-week highs on optimism about China

Gold rally maintains its positive momentum intact fuelled by buying from China and safe-haven flows. The US Dollar’s moderate recovery…

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