USD/JPY extends advance as firmer US labour data lifts the Dollar ahead of Fed decision
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Tuesday, with USD/JPY extending gains for the third straight day as the Greenback strengthens following firmer labour market data. At the time of writing, the pair is trading near 156.90, its highest level since November 25.
GBP/USD pulls back as US Dollar firms on jobs data ahead of Fed meeting
GBP/USD drops below the key support level seen at the 200-day Simple Moving Average (SMA) of 1.3331 and weakens by some 0.21% on Tuesday as traders brace for the policy decision of the Federal Reserve (Fed) on Wednesday.
BoE: Hawkish comments from the treasury select committee
Bank of England (BoE) Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for Monetary Policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report.
EUR/GBP Price Forecast: Technical setup neutral as pair trades between key moving averages
The Euro (EUR) holds steady against the British Pound (GBP) on Tuesday, with EUR/GBP oscillating within its familiar range as traders remain on the sidelines amid a lack of fresh catalysts, with attention gradually shifting toward next week’s monetary policy meetings from the European Central Bank (
OPEC production declined in November despite increase in production quotas – Commerzbank
Reuters and Bloomberg have meanwhile published their surveys on OPEC production in November.
EUR holds steady in tight range ahead of NA session – Scotiabank
The Euro (EUR) is entering Tuesday’s NA session flat to the US Dollar (USD) as it extends its tight consolidation for a fourth consecutive session and trades within a remarkably narrow range in the mid-1.16s, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
China imported more Crude Oil from Saudi Arabia and Iran – Commerzbank
China boosted crude imports from Saudi Arabia and Iran in November, while Russian volumes declined amid weak demand and newly imposed U.S. sanctions.
CAD holds in tight range after jobs-driven shakeout – Scotiabank
The Canadian Dollar (CAD) has settled back into a narrow range after drifting a little lower overall yesterday. Market positioning was caught offside by the surprisingly strong Canadian jobs data Friday, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
China’s Crude imports jump in November – Commerzbank
China’s November crude imports surged to 12.4 mb/d, well above domestic needs and the strongest pace since August 2023.
EUR/CHF hovers near three-month high as traders await SNB’s rate call
The Euro (EUR) trades on the back foot against the Swiss Franc (CHF) on Tuesday, with EUR/CHF consolidating near its strongest level in more than three months as the Franc remains under sustained pressure ahead of Thursday’s Swiss National Bank (SNB) monetary policy announcement.
ADP Employment Change 4-week average climbs to 4.75K through November 22
Private sector employment expanded over the latest month, with companies adding an average of 4,750 jobs per week in the four weeks ending November 22, according to data released Tuesday by Automatic Data Processing (ADP).
United States ADP Employment Change 4-week average climbed from previous -13.5K to 4.75K in November 22
United States ADP Employment Change 4-week average climbed from previous -13.5K to 4.75K in November 22
AUD/USD gains supported by RBA hawkish tone, Fed rate cut outlook
AUD/USD trades around 0.6640 on Tuesday, up 0.20% on the day at the time of writing.
USD/CHF holds gains above 0.8050 ahead of monetary policy decisions
The US Dollar nudges lower against the Swiss Franc on Tuesday, but is holding most of the gains taken over the last few days.
Gold stays range-bound as traders await Fed decision
Gold (XAU/USD) holds its footing on Tuesday, extending the sideways pattern that has dominated trade for a little over a week as investors stay on the sidelines ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday.
Mexico 12-Month Inflation above expectations (3.69%) in November: Actual (3.8%)
Mexico 12-Month Inflation above expectations (3.69%) in November: Actual (3.8%)
Mexico Core Inflation registered at 0.19% above expectations (0.1%) in November
Mexico Core Inflation registered at 0.19% above expectations (0.1%) in November
Mexico Headline Inflation came in at 0.66%, above forecasts (0.56%) in November
Mexico Headline Inflation came in at 0.66%, above forecasts (0.56%) in November
USD/CAD remains depressed below 1.3860 ahead of US jobs data
The US Dollar remains pinned near two-month lows at the 1.3800 area, with upside attempts so far limited to below 1.3860. The pair has lost about 2% since late November as investors began pricing in a Fed interest rate cut at this week’s Federal Reserve meeting.
US President Trump says new Fed Chair should support interest rate cuts – Politico
United States (US) President Donald Trump criticizes Federal Reserve (Fed) Chair Jerome Powell, in an interview with Politico during the European trading session on Tuesday, for not reducing interest rates, calling him «not a smart person».