Commodities
Silver price (XAG/USD) falls to around $64.95 during the Asian trading hours on Friday. The white metal retreats after hitting a record high in the previous sessions as traders book profits.
Forex
USD/CAD remains subdued for the second successive session, trading around 1.3780 during the Asian hours on Friday.
Forex
The Bank of Japan (BoJ) will announce its interest rate decision between 03.30 and 05.00 GMT, followed by Governor Kazuo Ueda's press conference at 06.30 GMT.
December 18th North-American Session Recap – A chaotic CPI session. Check up the Daily asset and FX performance, what changed fundamentally and what's coming up on Monday.
FX Technical Levels: We analyze the US Dollar reversal as doubts over the inflation report surface. With the Greenback halting its slide and traders questioning the data, we explore the impact on major pairs. We break down the technical setups for the USD/CAD, EUR/USD and USD/JPY as flows change suddenly.
Commodities
Markets Reverse: We look at the brutal shift in flows as morning optimism evaporates. With concerns over data accuracy clouding the inflation release, stocks hit new lows and gold rejects record highs. We explore the loss of confidence and what the broad selloff signals for the days ahead.
Indices
US Index Technical Analysis and Key levels for Dow Jones, Nasdaq and S&P 500: Equity markets rally as a significant inflation miss reignites rate cut hopes. With the CPI easing uncertainty, we explore if the "Santa Rally" is back on track. We breakdown the intraday charts for the major indexes as they target new highs to close the year.
Forex
GBP/USD surges during Thursday’s North American session as following the release of a benign US inflation report and a “hawkish” rate cut by the Bank of England (BoE). The pair trades at 1.3410 up 0.28% after reaching a daily low of 1.3340.
Forex
The Euro (EUR) regains ground against the US Dollar (USD) on Thursday after the European Central Bank (ECB) kept its three key policy rates unchanged. At the time of writing, EUR/USD trades around 1.1756, reversing higher after dipping to an intraday low near 1.1712.
US CPI misses Sharply, Jobless Claims stable, the Bank of England cuts rates by 25 bps to 3.75% and the ECB keeps rates unchanged. Check out Market Reactions and details to the heavy morning reports.
