Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.4%) in November
Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.4%) in November
Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.3%) in November
Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.3%) in November
HUF: Hungary Central Bank turns dovish – ING
Hungary’s central bank kept rates unchanged but struck a notably dovish tone, opening the door to rate cuts and pushing markets to price in deeper easing, with EUR/HUF facing renewed upside pressure, ING’s FX analyst Frantisek Taborsky notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $65.76 per troy ounce, up 3.29% from the $63.67 it cost on Tuesday.
United Kingdom DCLG House Price Index (YoY) came in at 1.7%, below expectations (2.4%) in October
United Kingdom DCLG House Price Index (YoY) came in at 1.7%, below expectations (2.4%) in October
European Gas prices extend losses – ING
European Gas prices remain under pressure as mild weather weighs on demand, but below-average EU storage levels and a heavily short-positioned market could provide support if colder conditions materialize later this month, ING’s commodity experts Ewa Manthey and Warren Patterson note.
NZD/USD Price Forecast: Remains in corrective phase ahead of NZ Q3 GDP data
The NZD/USD pair trades 0.15% lower to near 0.5775 during the European trading session on Wednesday. The Kiwi pair is under pressure as the US Dollar (USD) recovers sharply, following the release of the United States (US) Nonfarm Payrolls (NFP) data for October and November.
Germany IFO – Expectations came in at 89.7, below expectations (90.5) in December
Germany IFO – Expectations came in at 89.7, below expectations (90.5) in December
Germany IFO – Business Climate registered at 87.6, below expectations (88.2) in December
Germany IFO – Business Climate registered at 87.6, below expectations (88.2) in December
USD/CAD Price Forecast: Tests upper descending wedge boundary near 1.3800
USD/CAD gains ground after registering modest losses in the previous session, trading around 1.3780 during the European hours on Wednesday. The daily chart suggests a potential upside breakout, with falling, converging trendlines forming a bullish descending wedge pattern.
Germany IFO – Current Assessment below forecasts (85.7) in December: Actual (85.6)
Germany IFO – Current Assessment below forecasts (85.7) in December: Actual (85.6)
Oil sell-off deepens as Brent breaks below $60 – ING
Oil prices slid sharply as surplus fears intensified, pushing Brent below $60 per barrel, though supply risks and falling US Crude inventories offered limited near-term support, ING’s commodity experts Ewa Manthey and Warren Patterson note.
Austria HICP (YoY) below expectations (4.1%) in November: Actual (4%)
Austria HICP (YoY) below expectations (4.1%) in November: Actual (4%)
Austria HICP (MoM) below forecasts (0.3%) in November: Actual (0.2%)
Austria HICP (MoM) below forecasts (0.3%) in November: Actual (0.2%)
South Africa Consumer Price Index (MoM) dipped from previous 0.1% to -0.1% in November
South Africa Consumer Price Index (MoM) dipped from previous 0.1% to -0.1% in November
South Africa Consumer Price Index (YoY) came in at 3.5% below forecasts (3.6%) in November
South Africa Consumer Price Index (YoY) came in at 3.5% below forecasts (3.6%) in November
EUR/GBP rises toward 0.8800 following UK CPI, Germany’s IFO Survey data awaited
EUR/GBP recovers its recent losses from the previous session, trading around 0.8780 during the European hours on Wednesday. The currency cross gains ground as the Pound Sterling (GBP) declines following the release of weaker Consumer Price Index (CPI) data from the United Kingdom (UK) for November.
USD/INR corrects sharply due to RBI’s intervention, US CPI in focus
The Indian Rupee (INR) gains sharply against the US Dollar (USD) in the opening session on Wednesday. The USD/INR pair plunges over 1% to near 90.00 from its all-time high of 91.56 due to the Reserve Bank of India’s (RBI) intervention in the spot and Non-deliverable Forward (NDF) markets.
Japanese Yen remains heavily offered; USD/JPY eyes 156.00 ahead of BoJ policy meeting
The Japanese Yen (JPY) selling bias remains unabated through the first half of the European session on Wednesday, which, along with a goodish pickup in the US Dollar (USD) demand, lifts the USD/JPY pair beyond mid-155.00s in the last hour.
Russia’s largest Palladium producer sees platinum deficit this year – Commerzbank
Russia’s top Palladium producer expects a notable supply deficit for Platinum in 2025, while Palladium remains mostly balanced, highlighting diverging market views compared with the World Platinum Investment Council’s forecasts, Commerzbank’s commodity analyst Carsten Fritsch notes.