Forex
The US Dollar Index (DXY) struggles to find demand on Tuesday, even after strong United States Gross Domestic Product (GDP) Data. The DXY is now trading near the 98.00 price region after touching a three-month low in the Asian trading hours.
Commodities
Precious Metals Outlook: Christmas trading brings chaotic flows, but metals are the clear winners. While stocks wobble on thin liquidity, Gold nears major milestones and Platinum surges over 7%. We analyze the holiday buying frenzy and key technical levels for XAU/USD, XAG/USD, and XPT/USD.
Forex
USD/JPY trades around 156.40 on Tuesday at the time of writing, down 0.40% on the day. The pair remains under pressure despite a US Dollar (USD) supported by a string of better-than-expected US data, as the move is largely offset by renewed strength in the Japanese Yen (JPY).
Forex
AUD/USD trades around 0.6680 on Tuesday at the time of writing, up 0.40% on the day. However, the pair is slightly off a three-month high of 0.6700 reached earlier in the day, with the pullback triggered by better-than-expected US economic releases that provided fresh support to the US Dollar.
US & Canada Christmas Market Update: Santa delivers a surprise for the US economy while Canada is left in the cold. We dissect the blockbuster US growth figures and the import quirk behind them, contrasting this with Canada's contraction despite aggressive rate cuts. We analyze the Fed's stance and the market reaction.
Forex
The Euro (EUR) holds steady against the US Dollar (USD) on Tuesday as traders digest a mixed slate of US economic data. At the time of writing, EUR/USD trades around 1.1773, retreating after touching an intraday high near 1.1802.
Forex
EUR/JPY corrects and trades around 183.90 on Tuesday at the time of writing, down by 0.30% on the day, after posting a record high near 184.92 earlier in the week.
Forex
The USD/JPY pair trades 0.75% lower to near 155.80 during the European trading session on Tuesday.
Commodities
A daily market wrap on key global moves: Novo Nordisk jumps 7.6% on new weight-loss pill approval, lifting European stocks. Gold and Silver hit record highs driven by a weaker US dollar. Asia sees a flat Nikkei but rising Topix. The US dollar falls against the Euro and Pound. Oil prices are steady. Also features technical analysis on the FTSE 100
Forex
USD/CHF extends its decline for a second consecutive session, down 0.60% on Tuesday at the time of writing, returning to an October 17 low near 0.7873.
