Forecast for GBP/USD on December 4, 2024 Source link
I have no objection to a rate cut next week but reserve judgement until the meeting There is very clearly a coordinated ECB effort to clam down on any expectations of 50 bps next week. This article was written by Adam Button at www.forexlive.com. Source link
By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) -The euro rose on Wednesday in choppy trading, as a French no-confidence vote due later in the session seemed to have already been priced in the currency, while the U.S. dollar slipped as December interest rate cut chances firmed amid signs the American economy was slowing. […]
United States EIA Crude Oil Stocks Change below expectations (-1M) in November 29: Actual (-5.073M) Source link
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Investing.com — UBS has revised its forecasts for the , lowering expectations to 145 for both end-2025 and end-2026, down from previous estimates of 157 and 161, respectively. This adjustment reflects growing confidence in the Bank of Japan’s (BOJ) ability to implement further rate hikes, aligning with UBS economists’ call for a 25 basis-point hike during […]
Fundamental Overview The fundamentals in the crude oil market haven’t changed much in the past month. In fact, crude oil remains confined in a range between the 72.00 resistance and the 67.00 support as the market continues to weigh the future scenarios. On one hand, we have the Trump’s victory which might be seen as […]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any […]
Investing.com– There are three potential scenarios for the Australian dollar through mid-2025, contingent on U.S. policy under President-elect Trump, analysts at Bank of America (BofA) said in a note, stating a wide range of outcomes for the currency, reflecting uncertainties in global trade. In BofA’s baseline scenario, the AUD is expected to weaken to 0.63 […]
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The fallout of President Yoon continues but not without drama. In case you missed the developments from yesterday: South Korean President declares martial low “to clear out pro-North Korean elements” South Korean parliament votes to block President’s martial law declaration South Korean president reverses his martial law declaration The Korean won has largely retraced the […]
Gold price continues its struggle to gain any meaningful positive traction on Wednesday. Bets for a less dovish Fed and an uptick in the US bond yields cap the precious metal. Geopolitical risks and trade war fears lend some support amid subdued USD demand. Gold price (XAU/USD) trades with a positive bias for the second […]