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Federal Reserve (Fed) Board of Governors member Adrianna Kugler hit the wires on Tuesday, reiterating her position that the Fed's progress on inflation is still underway, noting that the Fed isn't going to concern itself from possible policy changes under incoming President Donald Trump in the month

INEGI revealed the Mexican Unemployment Rate in October dipped from 2.9% to 2.5% YoY, below the consensus of 2.9%. INEGI reported that Gross Fixed Investment in September improved from -2.2% to -0.8% MoM. However, on an annual basis, investment plummeted by -3.3% from a 0.5% expansion and below esti

Federal Reserve (Fed) Bank of San Francisco President Mary Daly struck familiar chords on Tuesday, reiterating the stable outlook speechnotes that have become the bread and butter of Fed policymakers as of late. Key highlights The US economy is in a really good place. December rate cut is absolutely

Job Openings in the US climbed to 7.74 million in October. This figure surpassed market estimates of 7.48 million and marked an increase from September's 7.37 million figure. October saw little change in hires, remaining at approximately 5.3 million. Total separations also held steady at around 5.3

Mexican Peso gains 0.25%, buoyed by strong employment figures and general USD weakness.Despite positive US JOLTs data, Banxico's willingness for bigger rate cuts supports MXN's strength.Mixed Fed signals on rate cuts; upcoming US labor data could impact Fed's December policy decision. The Mexican Pe

The Dow Jones eased down around 200 points on Tuesday. Despite an upbeat JOLTS print, equities have eased off their recent rally. A packed data docket awaits investors in the runup to Friday’s NFP. The Dow Jones Industrial Average (DJIA) pared back recent gains again on Tuesday, declining 200 points

GBP/USD ticks up 0.15%, yet fails to decisively breach the 1.2700 resistance. UK retail sales hit their lowest since April, dropping -3.4% against expectations of a 0.7% rise. Downward pressure persists; support levels at 1.2600 and 1.2486 remain critical for near-term direction. The Pound Sterling

OPEC is expected to decide on Thursday to postpone the production increase for a further three months until the end of the first quarter, Commerzbank’s commodity analyst Carsten Fritsch notes. OPEC to postpone the production increase for a next three months “This was reported by Reuters, citing four

EUR/USD is trading a little higher on Tuesday after selling off steeply on the previous day. Expectations the Federal Reserve will cut interest rates in December are weighing on the US Dollar. The Euro, meanwhile, is facing pressure from French political risk and similar rate-cut bets for

In November, the Gold price recorded its sharpest monthly decline in more than a year, falling by 3.7%, Commerzbank’s commodity analyst Carsten Fritsch notes. Gold ETFs recorded outflows “However, this was preceded by four months of stronger increases in some cases. In addition, the fall in November

The Pound Sterling (GBP) is registering a very marginal gain on the USD on the session but it is trading flat effectively Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP holds narrow range “There were no UK data reports today to shape trading and the pound is marking time in ranges along w

The Euro (EUR) has picked up a little ground as market concerns about the impending French government no confidence vote (likely Wednesday) appear to have eased, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR nudges higher “French assets are trading more comfortably and modest gains in OA

The Canadian Dollar (CAD) is little changed on the session. Mildly positive risk appetite is a modest plus for the CAD as are decent gains on the session for crude oil (up 1%), Scotiabank’s Chief FX Strategist Shaun Osborne notes. CAD holds range “The CAD remains more beholden to yield differentials

The US Dollar (USD) started off December pretty much like it finished November—on the up—despite typically unfavourable trends for the USD overall in the December month, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Waller says he’s leaning towards a December cut “I noted yesterday that weak

The US JOLTS Jobs Openings report for October is due at 15:00 GMT. Expectations are for an uptick to 7.48 million job openings against the previous 7.443 million. At 17:15 GMT, Federal Reserve Bank of San Francisco President Mary Daly is interviewed at Fox Business. Federal Reserve Governor Ad