WTI tumbles to near $56 amid Ukraine peace talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.00 during the Asian trading hours on Thursday. The WTI price edges lower amid optimism over a peace agreement between Russia and Ukraine.
USD/CAD holds near 1.3800 amid market caution ahead of US CPI data
USD/CAD holds position after registering modest gains in the previous session, trading around 1.3790 during the Asian hours on Thursday.
Silver Price Forecast: XAG/USD moves away from all-time peak, slides below $66.00 mark
Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and currently trades around the $65.75-$65.70 region, down over 1% for the day.
Australian Dollar dips as US Dollar strengthens on rate outlook
The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Thursday for the sixth successive day.
PBOC sets USD/CNY reference rate at 7.0583 vs. 7.0573 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0583 compared to the previous day’s fix of 7.0573.
GBP/USD consolidates above mid-1.3300s as traders await BoE and US CPI report
The GBP/USD pair struggles to capitalize on the overnight bounce from the 1.3310 area, or a one-week low, and oscillates in a narrow band during the Asian session on Thursday.
NZD/USD edges lower below 0.5800 despite robust New Zealand Q3 GDP growth
The NZD/USD pair remains weak near 0.5770 during the early Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges lower against the Greenback despite a stronger-than-expected New Zealand Gross Domestic Product (GDP) report.
USD/JPY jumps higher to near 155.50 as US Dollar outperforms, BoJ decision eyed
The USD/JPY pair gains 0.55% and jumps higher to near 155.50 during the European trading session on Wednesday. The pair strengthens as the US Dollar (USD) outperforms its peers, following the release of the United States (US) Nonfarm Payrolls (NFP) report for October and November.
Global central banks in focus this week – BNP PARIBAS
As the Fed steps back after its December rate cut, attention turns to the Bank of England (BoE), European Central Bank (ECB), and Bank of Japan (BoJ) this week, with expectations for a BoE rate cut, a steady ECB, and a gradual BoJ hike amid resilient global growth and cautious central bank policy, B
US: Labour market weakness to keep the Fed cutting – ABN AMRO
After a long drought of data, the labour market report hit hard. October payrolls fell by 105k, while November payrolls increased by 64k. Combined with a small rise in the participation rate, this led to the unemployment rate rising to 4.6%, from a high 4.4% in September.
DXY: US jobs data confirms downside risks – ING
Combined October and November US jobs data reinforced downside risks to the labor market, with unemployment rising to 4.6%, while markets now await Fed’s Christopher Waller’s speech for further clues ahead of Thursday’s ECB meeting, ING’s FX analyst Chris Turner notes.
USD softens after payrolls – OCBC
US Dollar (USD) eased around the November payrolls report, which highlighted ongoing labor market weakness but lacked the severity to shift rate cut expectations, keeping the Fed’s easing bias intact ahead of Thursday’s CPI release.
Eurozone Labor Cost Index came in at 3.3% below forecasts (3.5%) in 3Q
Eurozone Labor Cost Index came in at 3.3% below forecasts (3.5%) in 3Q
Eurozone Core Harmonized Index of Consumer Prices (MoM): -0.5% (November)
Eurozone Core Harmonized Index of Consumer Prices (MoM): -0.5% (November)
Eurozone Harmonized Index of Consumer Prices (YoY) came in at 2.1% below forecasts (2.2%) in November
Eurozone Harmonized Index of Consumer Prices (YoY) came in at 2.1% below forecasts (2.2%) in November
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