GBP holds tight range with mild bearish bias – Scotiabank
Pound Sterling (GBP) is drifting from last week’s highs toward 1.33 support, with domestic risk limited until Friday’s data releases, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/GBP declines as central bank divergence keeps the cross range bound
The Euro (EUR) edges lower against the British Pound (GBP) on Wednesday, with EUR/GBP oscillating within its familiar one-week range as caution dominates broader FX markets ahead of the Federal Reserve’s (Fed) interest rate decision later in the day.
EUR holds tight range as consolidation extends – Scotiabank
The Euro (EUR) is extending its latest consolidation and trading within a tight range in the mid/lower-1.16 area, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD steady ahead of BoC decision and Macklem remarks – Scotiabank
The Canadian Dollar (CAD) is little changed. The Bank of Canada (BoC) policy decision is a statement only affair today at 9.45ET, with Gov. Macklem speaking 45 minutes later to finesse messaging, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD rally stalls below 0.6650 with all eyes on the Fed’s decision
The Australian Dollar is trading practically flat below a nearly two-month high, at 0.6654, hit on Tuesday.
Brazil IPCA Inflation registered at 0.18%, below expectations (0.2%) in November
Brazil IPCA Inflation registered at 0.18%, below expectations (0.2%) in November
United States MBA Mortgage Applications climbed from previous -1.4% to 4.8% in December 5
United States MBA Mortgage Applications climbed from previous -1.4% to 4.8% in December 5
Fed’s Powell: Labour market has significant downside risks
At the usual post-meeting press conference, Fed Chair Jerome Powell explained why policymakers decided to lower the Federal Funds Target Range (FFTR) to 3.50%–3.75% after the December meeting and took questions from reporters about the move.
Fed in focus, 25bps rate cut almost fully priced in
Without a shadow of a doubt, the theme with the outmost importance for the day is the Federal Reserve’s final interest rate decision for 2025 and the ancillary data that comes alongside it. Money markets have grown increasingly confident that the central bank will have no other choice but to slash its key policy rate […]
United Kingdom 10-y Bond Auction climbed from previous 4.608% to 4.613%
United Kingdom 10-y Bond Auction climbed from previous 4.608% to 4.613%
USD/CNH: Likely to trade with a downward bias – UOB Group
US Dollar (USD) is likely to trade with a downward bias, but is unlikely to break below 7.0540. In the longer run, outlook for USD remains negative; the next level to watch is 7.0400, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USD: FOMC expected to deliver a 25bp cut – ING
It’s FOMC day and a 25bp rate cut – which would take the target rate to 3.50-3.75% – is around 90% priced in. The big focus will be the Summary of Economic Projections (SEP), the number of dissenters against the 25bp cut, and then Chair Powell’s press conference, ING’s FX analyst Chris Turner notes.
Greece Industrial Production (YoY) declined to 6.4% in October from previous 6.8%
Greece Industrial Production (YoY) declined to 6.4% in October from previous 6.8%
EUR/USD treads water awaiting the outcome of Fed’s meeting
EUR/USD has given away most of the gains taken on Wednesday’s early European session and trades at the 1.1630 area, after rejection at session highs near 1.1660. Investors are looking from the sidelines, awaiting the US Federal Reserve’s (Fed) monetary policy decision due later in the day.
EUR/USD: Advance in EUR from late last month has ended – UOB Group
Euro (EUR) is under mild downward pressure and could edge lower and test 1.1600; a clear break below this level is unlikely.
Austria Industrial Production (YoY): 3.3% (September) vs -1.7%
Austria Industrial Production (YoY): 3.3% (September) vs -1.7%
ECB’s Villeroy: Wise thing is to maintain interest rates at current level
European Central Bank (ECB) policymaker and French central bank governor, Francois Villeroy, said during European trading hours on Wednesday that the wise thing is to hold interest rates steady at their current level.
Japanese Yen bulls seem hesitant as fiscal concerns offset BoJ rate hike bets, ahead of Fed
The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) through the early European session on Wednesday, though it lacks bullish conviction.
RBA stands still, keeps cash rate at 3.6%
The Australian dollar found support earlier today and rose near the $0.663 area against the greenback, following the Reserve Bank of Australia’s policy decision, as the bank chose to prolong its pause at the 3.6% level. The central bank, as widely expected, opted to keep its cash rate unchanged for the third consecutive meeting, since […]
Gold Outlook: Fed Rate Cut Risk, Geopolitics & Key Levels
Gold’s price has remained relatively stable since our last update. In today’s report, we are to discuss the Fed’s interest rate decision next week, which in turn could prove to be a market mover for gold’s price, validity of the negative correlation of the USD with Gold and how various geopolitical issues are progressing. Also […]