December 12th North-American Session Recap – The FOMC Week closes on a rough note. Check up the Daily asset and FX performance, what changed fundamentally and what's coming up on Monday.
A week ahead preview: We are closing a highly volatile week after the Fed's 25 bps cut. With 2026 cuts heavily relying on softer data, next week will present some huge data (US NFP and CPI). Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
Forex
The Australian Dollar (AUD) holds firm against the US Dollar (USD) on Friday as traders look past this week’s Reserve Bank of Australia and Federal Reserve (Fed) monetary policy announcements and reassess the near-term interest-rate outlook.
Equities
US stocks fell as Broadcom's AI profit warning fueled bubble fears and hawkish Fed officials Schmid and Goolsbee warned against early rate cuts. With the S&P 500's 9000 break in doubt, bulls look to strong December seasonality and the Santa Claus Rally.
Forex
EUR/USD holds firm at around 1.1741 on Friday virtually unchanged, amid a parade of Federal Reserve officials crossing the wires, following last Wednesday's 25 basis points rate cut.
Huge Market Reversal: We analyze the sudden volatility hitting global markets following dissenting Fed commentary. Despite initial rallies, a flash selloff has struck tech and metals while volatility spikes. We examine the US Dollar and sector divergences to see if this is a dip or a trend shift.
Indices
West Texas Intermediate (WTI) Crude Oil remains under pressure on Friday, with prices struggling to find traction as persistent oversupply concerns continue to dominate market sentiment.
Commodities
Gold Technical Analysis: We analyze the overnight session rewind as Gold breaches major resistance and races toward new highs. With the Fed cutting rates and 2025 US Exceptionalism driving demand for Metals, we explore why gold gets such demand while Treasuries are losing appeal and how recent policy shifts fueled the rally.
Forex
The Canadian Dollar (CAD) remains bid against the US Dollar (USD) on Friday, as markets continue to digest this week’s monetary policy decisions from the Bank of Canada (BoC) and the Federal Reserve (Fed).
Forex
USD/JPY trades offered but lacks follow-through, as markets near full pricing of a 25bps BOJ hike on 19 December. Near-term support lies at 155.10–153.90, while any meaningful JPY recovery would require stronger guidance from the BOJ, fiscal prudence, and a softer USD.
