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Oil prices appear to have remained relatively unchanged compared to last week. Today we are to take a look at OPEC’s monthly report, the data of the US oil market, and the recent geopolitical issues affecting the supply and demand side of the international oil market. For a rounder view, we are to c

Partner Center The Bank of Canada (BOC) reduced its target for the overnight rate by 50 basis points to 3.25% in their December statement, marking its fifth consecutive rate cut since June. However, the central bank signaled a more gradual approach to future easing decisions while maintaining its co

The Aussie has bounced up from year-to-date lows with the negative bias intact. Investors are wary of betting against the US Dollar with USD data on tap. The RBA softened its us¡ual hawkish tone on Tuesday and increased pressure on the Aussie. The Australian Dollar trimmed some losses during Wednesd

Euro loses ground, although Germany reports steady inflation; traders await the ECB’s decision. NFIB Business Optimism Index in the US climbs to 101.7, marking the highest since June 2021. Traders await upcoming US CPI data, searching for clues about the Fed’s December decision. The Euro fell from 1

USD/CHF drifts lower to 0.8770 in Tuesday's early European session, down 0.19% on the day. The SNB is anticipated to cut its key policy rate by 25 bps on Thursday. Friday’s US employment data prompted the anticipation of a Fed rate cut next week. The USD/CHF pair softens to around 0.8770 during the

China’s Consumer Price Index (CPI) slowed for the third consecutive month to 0.2% y/y in November (Bloomberg est: 0.4%; October: 0.3%). Core CPI (excluding food & energy) remained weak at 0.3% y/y from 0.2% y/y in October. Services inflation was unchanged from October at 0.4% y/y but consumer go

The ADP Employment Change report is seen showing a deceleration of job creation in the US private sector in November. The ADP report could anticipate the more relevant Nonfarm Payrolls report on Friday. The US Dollar looks to extend its positive start to the week. The ADP Research Institute is set t

Short Term Elliott Wave structure in USD/JPY suggests that rally to 156.76 ended wave X. This completed correction against cycle from 7.3.2024 high. Pair has now turned lower. Structure of the decline from 156.76 is unfolding as 5 waves impulsive Elliott Wave structure. Down from 156.76 high, wave (

USD/BRL is trading comfortably above 6.00 as President Lula seems to be happy to prioritize politics over financial markets, ING’s FX analysts Chris Turner note. USD/BRL can trade at 6.50 in 12 months “Here his government has watered down planned fiscal consolidation with some tax breaks for lower-i

NZD/USD sank by 0.69% on Monday to trade near 0.5885. Bulls failed to secure the 20-day SMA after breaking above it, risking the bullish bias. Indicators took a step back and might continue losing ground if they do not secure the 20-day SMA. The NZD/USD pair extended its weakness from a fresh monthl