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As the week is about to come to an end, we open a window at what next week has instore for the markets. On Monday, we get the preliminary PMI figures for December of Australia, Japan, France, Germany, the Euro Zone as a whole, the UK and the US. Also on Monday we get Japan’s machinery orders for Oct

NZD/USD surrenders daily gains as the US Dollar rebounds despite dovish Fed bets. The Kiwi pair exhibits a Bullish Divergence formation but will less likely get triggered. The RBNZ has reduced its interest rates by 125 bps to 4.25% this year. The NZD/USD pair gives up its intraday gains and returns

Today's Bank of Canada (BoC) decision may have some read over to the US, ING’s FX analyst Chris Turner notes. BoC rate policy is going to move USD/CAD “Two-thirds of economists polled on the subject expect a 50bp rate from the BoC – where the BoC would emulate peers in New Zealand, who have delivere

A higher beta CAD/JPY cross pair can be considered as a macro theme play in line with a potential risk-averse environment triggered by Trump’s trade tariffs. Technical analysis suggests a potential new medium-term downtrend phase for CAD/JPY. Watch the 111.45 key medium-term resistance on the CAD/JP

In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to 2.3% y/y from 2.0% y/y in October. The increase is expected mainly due to base effects on core inflation and e

USD/CAD snapped higher through the upper 1.41 area in response to Trump’s tariff comments last night but the CAD has stabilized through Asian and European to trade back around the 1.41 level, Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD off lows on threat of 25% tariffs linked to border