Forex
EUR/USD is pulling back from nearly three-month highs above 1.1800, trading at 1.1710 at the time of writing, as the US Dollar (USD) regains lost ground.
Forex
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.
Forex
Here is what you need to know on Wednesday, December 17:
Forex
The USD/CHF pair trades in positive territory around 0.7960 during the early European session on Wednesday, bolstered by a rebound in the US Dollar (USD). However, the prospect of the US Federal Reserve (Fed) interest rate cut next year could weigh on the Greenback against the Swiss Franc (CHF).
Forex
EUR/JPY holds ground after two days of losses, trading around 181.90 during the Asian hours on Wednesday.
Forex
USD/CAD rebounds from a three-month low of 1.3730, recorded in the previous session, currently trading around 1.3770 during the Asian hours on Wednesday.
Forex
The GBP/USD pair gains momentum to around 1.3425 during the early Asian session on Wednesday. The Pound Sterling (GBP) edges higher against the Greenback on the upbeat UK preliminary S&P Global Purchasing Managers' Index (PMI) data. Traders will take more cues from the Fedspeak later on Wednesday.
December 16th North-American Session Recap – NFP sends further confusion in the Market as traders await the CPI and Bank of Japan. Check up the Daily asset and FX performance, what changed fundamentally and what's coming up on Monday.
Commodities
WTI Oil Technical Analysis: We analyze the downtrend in Oil as prices reach new 2025 lows. With OPEC+ dynamics, Venezuela-US tensions, and a Russia-Ukraine ceasefire pricing in, we explore the supply risks for US Shale and whether a contrarian bullish case is emerging.
West Texas Intermediate (WTI) Crude Oil remains under pressure on Tuesday, extending its decline for a fourth consecutive day as persistent oversupply concerns continue to dominate market sentiment.
