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…
2024.12.24 2024.12.25 Economic Calendar for the Week 30.12.2024 – 05.01.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The upcoming week, 30.12.2024 – 05.01.2025, will be a transitional period marking the end of 2024 and the beginning of 2025. During the days from December 30 to January 1, trading activity is expected to be quite low as people around the world celebrate the New Year….
In other China news: China has passed a law introducing a value added tax. Will take effect on January 1 2026 according to Xinhua …. another year away Chinese People’s Political Consultative Conference (CPPCC) on March 4 China’s National People’s Congress will be held March 5, 2025 This article was written by Eamonn Sheridan at www.forexlive.com.
United States Richmond Fed Manufacturing Index came in at -10, below expectations (-9) in December
Manufacturing Activity: Remained in contractionary territory; composite index rose to -10 in December (from -14 in November). Est. -10 Component Indexes: Shipments: -11 vs -12 last month Employment: -8 vs -10 last month New Orders: Improved to -11 vs -19 last month Local Business Conditions: Index improved to 0 (from -14); future local business conditions increased to 40 (from…
GBP/USD trades near 1.2570 as volume remains low during the holiday week. The US Dollar Index DXY stays stable around 108.15, showing little movement. Fed’s gradual interest rate cuts expectations weigh on the Greenback. The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to the upcoming Christmas holidays….
PU Prime, a leading global fintech company in trading and investment services, is excited to announce a new Christmas promotion, bringing holiday cheer to traders with an exclusive opportunity to win seasonal rewards. This special event offers traders exciting ways to win holiday rewards, including Deposit Vouchers, Trade Loss Vouchers, Credit Bonus Vouchers, and more. Not only that, but…
