Christmas Eve in the US will include a shorten day in the US. The stocks will close early at 1 PM, the US bond market will close at 2 PM. The USD is mixed vs the major currencies: EUR +0.12% JPY -0.04% GBP-0.15% CHF +0.18% CAD +0.32% AUD +0.27% NZD +0.23% US stocks are mixed after rising yesterday (Dow…
United States Redbook Index (YoY): 5.9% (December 20) vs 4.8%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
USD/CAD consolidates around 1.4400 amid thin trading volume in a holiday-curtailed week. Fed policymakers see more than one interest rate cut in 2025. The BoC has guided a gradual policy-easing approach for the next year. The USD/CAD pair trades sideways around 1.4400 in Tuesday’s North American session. The Loonie pair consolidates as it follows the footprints of the US…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Pound Sterling tmoves higher in a light trading volume session amid holidays in global markets on account of Christmas Day. Fed policymakers see the fund rates heading to 3.9% by the end of 2025. Trades have fully priced in two interest rate cuts by the BoE next year. The Pound Sterling (GBP) advances against its major peers on Tuesday. The British currency…
Expects Japan to further progress towards 2% inflation in stable, sustainable manner Uncertainty surrounding economy, price outlook is high Must avoid returning to deflation or low inflation environment As Japan transitions towards sustained achievement of 2% inflation, BOJ will support the economy by keeping rates below the neutral level But as economic, price developments continue to improve, BOJ must…
Oil prices are rallying higher near 1%, with traders set to head into the Christmas holidays. Markets are catching up on some headlines about further stimulus in China, one of the top global consumers. The US Dollar Index trades just below its current two-year high as volatility winds down. Crude Oil prices are trading higher on Tuesday with traders looking…
Stock heatmap by FinViz.com Tue, 24 Dec 2024 14:46:15 GMT 
Semiconductor Surge: Avago Shines Bright The semiconductor sector is experiencing a strong upswing today, with Avago (AVGO) soaring by 2.99%. This boost contributes to a positive outlook within the sector, as other major players like Nvidia (NVDA) and AMD (AMD) show modest gains of 0.19% and 0.95%, respectively….
EUR/USD is stuck in a tight range around 1.0400 amid thin trading volumes in a holiday-truncated week. ECB Lagarde said she is confident about inflation sustainably returning to the bank’s target of 2% sooner than previously thought. According to UBS, the Fed will deliver two interest rate cuts next year, in June and September. EUR/USD stays sideways, following the…
