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.
Platinum hits $1,800, highest since 2011 – Commerzbank
Platinum and Palladium prices rose sharply this week, driven by record-high Silver and Gold levels and prospects of increased demand from the European automotive sector following indications of a softer 2035 combustion engine ban, Commerzbank’s commodity analyst Carsten Fritsch notes.
JPY strengthens ahead of BOJ rate decision – BBH
The Japanese Yen (JPY) gained against most major currencies as markets anticipate the Bank of Japan’s first rate hike since January, with PMI data showing modest growth and investors looking for clues on the central bank’s policy normalization path, BBH FX analysts report.
Gold retreats below $4,300 ahead of US jobs data – Commerzbank
Gold dipped below $4,300 per ounce as investors awaited today’s US labor market data, with weaker-than-expected figures likely to support prices, while stronger results could trigger volatility by shifting Fed policy expectations, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes.
GBP shows strength amid mixed UK data – BBH
The Pound Sterling (GBP) outperformed as UK labor market conditions eased and the December PMI signaled firmer private sector growth, while markets fully priced in an upcoming Bank of England rate cut, BBH FX analysts report.
China Crude imports surge in November – Commerzbank
China imported far more Crude than needed in November, adding to strategic reserves and helping prevent a sharper drop in global Oil prices, though the sustainability of this trend remains uncertain, Commerzbank’s FX analyst Michael Pfister notes.
EUR/USD near highest level since early October – BBH
EUR/USD is trading near its highest level since October 1 as Eurozone PMI data showed a modest slowdown, while German ZEW expectations improved sharply.
EUR/USD tests mid-term highs ahead of US employment, consumption data
EUR/USD is testing two-and-a-half-month highs, at the 1.1765, ahead of Tuesday’s US session opening. The pair has shrugged off the negative impact of weaker-than-expected preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs) and resumed its broader bullish trend ahead of key US
AUD/JPY Price Forecast: Bullish outlook remains intact near 103.00 despite weak China data
The AUD/JPY cross tumbles to near 103.15 during the early European session on Monday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) as China’s economic slowdown deepened in November, with Retail Sales and industrial output growth falling short of expectations.
USD/CAD sees more downside below 1.3750 as traders assess Fed’s outlook for 2026
The USD/CAD pair trades vulnerably near its almost three-month low around 1.3750 during the late Asian trading session on Monday.
WTI trades with positive bias above mid-$57.00s; upside potential seems limited
West Texas Intermediate (WTI) US Crude Oil prices attract some buying during the Asian session on Monday and for now, seem to have snapped a two-day losing streak.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Silver Price Forecast: XAG/USD bounces off 100-hour SMA; sticks to gains near $62.50
Silver (XAG/USD) attracts fresh buyers at the start of a new week and reverses a part of Friday’s retracement slide from the all-time peak, around the $64.65 region.
AUD/USD trades lower around 0.6650 amid unexpectedly weak China data
The AUD/USD pair trades 0.10% lower to near 0.6645 during the Asian trading session on Monday. The Aussie pair is under pressure as the National Bureau of Statistics of China has reported unexpectedly weak Chinese Retail Sales and Industrial Production data for November.
NZD/USD declines below 0.5800 on weak Chinese data
The NZD/USD pair loses ground to around 0.5780 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar following the downbeat Chinese economic data.
RBNZ’s Breman: Economic outlook has evolved broadly similar to MPC’s expectations
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Monday that the economic outlook has evolved broadly in line with the Monetary Policy Committee’s expectations, with signs continuing to emerge that growth is recovering.
Breaking: China’s November Retail Sales increase 1.3%, Industrial Production up 4.8%
China’s Retail Sales rose 1.3% year-over-year (YoY) in November vs. 2.9% expected and 2.9% in October, the latest data released by the National Bureau of Statistics (NBS) showed Monday.
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.
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.