The Australian dollar is drifting on Tuesday. In the North American session, AUD/USD is trading at 0.6461, down 0.20% on the day at the time of writing.
Tue, 03 Dec 2024 12:04:15 -0500
France Budget Balance: €-157.39B (October) vs €-173.78B
Tue, 03 Dec 2024 11:30:37 -0500
The Mexican peso strengthened against the US dollar on Tuesday, reaching 20.4 per dollar. This marks a significant rebound from its recent low of 20.64 on November 26th.
Tue, 03 Dec 2024 11:20:28 -0500
United States RealClearMarkets/TIPP Economic Optimism (MoM) below expectations (54.1) in December: Actual (54)
Tue, 03 Dec 2024 10:09:49 -0500
United States JOLTS Job Openings above expectations (7.48M) in October: Actual (7.744M)
Tue, 03 Dec 2024 10:00:36 -0500
New Zealand GDT Price Index dipped from previous 1.9% to 1.2%
Tue, 03 Dec 2024 09:45:11 -0500
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.
Tue, 03 Dec 2024 09:42:20 -0500
The market edging lower after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war between the two powers. Materials being banned for export to the US are critical for some semiconductors, EV batteries, and solar technology.
Tue, 03 Dec 2024 09:36:00 -0500
The natural gas market continues to be very noisy overall, as the markets are trying to gauge and price in the winter months. At this point, the market is close to the bottom of the overall consolidation.
Tue, 03 Dec 2024 09:33:16 -0500
President-elect Donald Trump's latest threat to slap huge tariffs on countries that try to move away from the mighty U.S. dollar inadvertently highlights the intractable contradiction at the heart of U.S. trade and economic policy.
Tue, 03 Dec 2024 09:26:44 -0500
The crude oil market continues to see a lot of motion back and forth, but nothing of substance. At this point in time, the market is looking for some reason to get moving in one direction or another.
Tue, 03 Dec 2024 09:24:27 -0500
The Russian central bank is set to raise its benchmark interest rate by another 200 basis points to 23% at its Dec. 20 board meeting after the rouble's sharp fall in November, a Reuters poll showed on Tuesday.
Tue, 03 Dec 2024 09:12:59 -0500
Swiss Franc strengthened broadly after inflation data for November indicated a modest uptick, stabilizing after months of decline. Although the annual CPI reading missed market expectations, the stabilization reduces immediate pressure on SNB to implement a significant 50bps rate cut at its upcoming policy meeting this month.
Tue, 03 Dec 2024 09:05:18 -0500
United States Redbook Index (YoY): 7.4% (November 29) vs 4.9%
Tue, 03 Dec 2024 08:57:22 -0500
Natural gas futures test support zone as warming mid-December weather forecasts and robust production weigh on market sentiment.
Tue, 03 Dec 2024 08:49:38 -0500
Oil prices are holding steady near the $72.35 support level, staying in a 6-day period of little movement. OPEC+ meets on Thursday, and there's a higher chance they will extend their oil output cuts to Q1 2025.
Tue, 03 Dec 2024 08:31:21 -0500
Is Switzerland facing deflation? Swiss CPI declined by 0.1% m/m in November, unchanged from October and in line with the market estimate.
Tue, 03 Dec 2024 08:28:57 -0500
Crude Oil still holds the trading zone between support 66.15 and resistance 72.00-50. If prices remain below the resistance of 70.15, a chance for a further drop could happen with support at 66.15.
Tue, 03 Dec 2024 08:27:45 -0500
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.
Tue, 03 Dec 2024 07:38:54 -0500
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.
Tue, 03 Dec 2024 07:33:49 -0500