CHINA CENTRAL BANK MARKET MOVES - DECEMBER 26, 2024 The People's Bank of China will carry out a 3-month central bank bill swap. The total value of the swap is 3.5 billion yuan. The operation is scheduled for December 26, 2024. The People's Bank of
Holidays: Boxing Day Celebrated in Germany, United Kingdom, Australia, and Canada. Economic News (USA) Jobless Claims Report: Previous Figure: 220K. Forecast: 223K. Impact: ⭐ (Moderate). Source Explore more on SM News.
MUFG BANK REVEALS ITS EXPECTATIONS FOR THE PERFORMANCE OF THE EURO DOLLAR IN THE FIRST QUARTER OF 2025 MUFG Bank released a research note on its expectations for the Euro-Dollar performance in Q1 2025. The bank predicts that the Euro will continue to decline against the US Dollar. MUFG expects
XAU/USD HOVERS AROUND $2,610 IN QUIET PRE-HOLIDAY TRADING XAU/USD is currently priced at $2,612.01. Disappointing US data has further weakened market sentiment. Financial markets are moving slowly ahead of the Christmas holidays, with many markets closing soon. Spot Gold remains soft on Monday, holding above
OIL PRICES EASE ON SURPLUS CONCERNS, DOLLAR STRENGTH Oil prices fell on Monday due to worries about extra supply next year and a stronger U.S. dollar. Brent crude dropped by 91 cents (1.25%) to $72.03 per barrel. U.S. West Texas Intermediate (WTI) crude fell by 80
GOLD EASES AS U.S. DOLLAR, YIELDS RISE IN THIN HOLIDAY TRADING Gold prices dropped slightly on Monday due to light trading during the holiday season. A strong U.S. dollar and rising Treasury yields pushed prices down. Investors are waiting for more information about the Federal Reserve's
BREAKING MARKET NEWS (12/24/2024) NETHERLANDS Q3 GDP (YEARLY): Netherlands' Q3 GDP rises by 1.7% year-on-year, also in line with estimates.
US LAUNCHES NEW PROBE INTO OLD CHINESE SEMICONDUCTORS The U.S. is investigating old Chinese semiconductors. These semiconductors are used in cars, household items, and defense systems. The U.S. accuses China of unfair practices that harm competition. This could affect global supply chains for important semiconductor parts.
XAU/USD REMAINS STUCK BETWEEN TWO KEY BARRIERS AMID THIN TRADING Gold reverses its previous decline but remains within a familiar range early Tuesday. The US Dollar continues to strengthen, aided by rising US Treasury bond yields, amid light market trading. Gold is attempting another attempt at a higher price
USD NEWS RESULTS: NOVEMBER HOME SALES AND DECEMBER CONSUMER CONFIDENCE New Home Sales (Nov): Previous: 610K Forecast: 664K Current: 664K Result: As expected CB Consumer Confidence (Dec): Previous: 111.7 Forecast: 112.9 Current: 104.7 Result: Negative for USD
CANADA'S ECONOMIC GROWTH DATA IS POSITIVE AND EXCEEDS EXPECTATIONS Canada’s GDP grew by 0.3% in October, surpassing market expectations of 0.2%. The GDP growth for September was revised upward to 0.2%, from the initial 0.1%. GDP is a crucial measure of economic performance,
BREAKING MARKET NEWS (12/24/2024) CHINA'S BOND YIELD MOVEMENTS: One-year bond yield drops by 5 basis points to 0.8%. 10-year bond yield increases by 2 basis points. CHINA'S MINISTRY OF FINANCE MEETING: A meeting is being hosted in Beijing. NATIONAL FISCAL WORK CONFERENCE: China