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Silver consolidates as markets await Fed decision amid geopolitical tensions
Silver (XAG/USD) remains stable at the start of the week, trading around $58.40 on Monday at the time of writing, up 0.1% on the day. The white metal extends its consolidation phase, as investors avoid taking fresh positions before the Federal Reserve’s policy announcement on Wednesday.
Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November
Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November
Pound Sterling trades broadly stable in calm start of the week ahead of the Fed
The Pound Sterling (GBP) trades calmly against its major currency peers at the start of the week, hovering at around 1.3320 against the US Dollar (USD).
Gold holds firm above $4,200; awaits Fed rate decision on Wednesday before the next leg up
Gold (XAU/USD) sticks to its modest intraday gains through the early European session on Monday, though it lacks bullish conviction and remains confined in a one-week-old trading range.
USD/INR gains on consistent foreign outflows, RBI’s rate cut
The Indian Rupee (INR) trades lower against the US Dollar (USD) at the start of the week.
EUR/USD holds gains with markets muted in key week for the Federal Reserve
EUR/USD is trading higher on Monday, but remains within last week's range, changing hands at 1.1665 at the time of writing after bouncing from 1.1630 lows on Friday.
USD/CAD Price Forecast: At an important support area around 1.3820
The US Dollar remains in a strongly bearish trend against the Canadian Dollar. The pair lost nearly 2% in the last two weeks, and upside attempts remain limited.
Japanese Yen bulls seem hesitant ahead of the crucial Fed rate decision on Wednesday
The Japanese Yen (JPY) extends its sideways consolidative price move through the early European session on Monday, though the near-term bias seems tilted in favor of bullish traders.
Japan Tsutsui: Focuses to maintain 10-year JGBs at 2%
Japan's Keidanren Chair Tsutsui said during the European trading session on Monday that negotiators are expected to visit China in January to discuss over trade.
Germany Industrial Production n.s.a. w.d.a. (YoY) increased to 0.8% in October from previous -1%
Germany Industrial Production n.s.a. w.d.a. (YoY) increased to 0.8% in October from previous -1%
EUR/GBP strengthens to near 0.8750 on upbeat German Industrial Production data
The EUR/GBP cross gains traction to near 0.8750, snapping the three-day losing streak during the early European trading hours on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) after the German Industrial Production data.
German Industrial Production climbs 1.8% MoM in October vs. -0.4% expected
Germany’s industrial sector activity rose more than expected in October, the latest data published by Destatis showed on Monday.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $60.00 per barrel, up from Friday’s close at $59.91.
Germany Industrial Production s.a. (MoM) registered at 1.8% above expectations (-0.4%) in October
Germany Industrial Production s.a. (MoM) registered at 1.8% above expectations (-0.4%) in October
Forex Today: US Dollar starts critical Fed week under pressure
Here is what you need to know on Monday, December 8:
Netflix’s $72B Warner Bros move shocks markets as Trump raises concerns
Netflix surprised Wall Street late last week with a move nobody saw coming: a $72–83 billion acquisition of Warner Bros Discovery.
ECB's Schnabel: Comfortable with bets that next move will be a rate hike
European Central Bank (ECB) board member Isabel Schnabel said on Monday that she is comfortable with investor bets that the central bank’s next interest-rate move will be an increase.
AUD/USD stays firm near 0.6650 on upbeat China’s Trade Balance data, RBA policy eyed
The AUD/USD pair extends its winning streak for the 12th trading day on Monday. The Aussie pair trades firmly to near its over two-month high of 0.6650 during the late Asian session, posted on Friday.
Japan’s Katayama: Recently seeing one-sided, rapid moves
Japan’s Finance Minister Satsuki Katayama said on Monday that he has recently seen one-sided and rapid moves in the foreign exchange market, and he will take appropriate action if necessary.
Silver Price Forecast: XAG/USD consolidates above $58.00; bullish potential seem intact
Silver (XAG/USD) lacks a firm intraday directional bias on Monday and seesaws between tepid gains/minor losses through the Asian session.
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