China sheds light on its 2025 fiscal policy focus
Given the various high-level meetings and policy communiques over the past month, it appears a safe bet to expect more ...
Fed Minutes Preview: Focus on December 25 bps rate cut, slower policy easing outlook
The Minutes of the Fed’s December 17-18 policy meeting will be published on Wednesday. Details surrounding the discussions on ...
Growth is too strong, inflation too sticky and the labor market softer but not crashing
Long-term musing: As many have suspected for some time, nowhere is inflation coming down to central bank targets of 2%. As ...
US weekly Initial Jobless Claims decline to 201K vs. 218K expected
There were 201,000 initial jobless claims in the week ending January 4, the weekly data published by the US Department of Labor (DOL) showed on Wednesday. This print followed the previous week's print ...
EUR/USD Price Forecast: Trump keeps boosting the US Dollar
The EUR/USD pair came under strong selling pressure early on Wednesday, bottoming ahead of Wall Street’s opening at 1.0272. The US Dollar (USD) benefited during Asian trading hours from a souring mood ...
Fed's Waller: Will support further cuts in 2025 but pace will depend on inflation progress
Federal Reserve Governor Christopher Waller said on Wednesday that he will support additional rate cuts in 2025 but the pace will depend on further inflation progress, per Reuters. "Inflation will ...
GBP/USD weighed by rising Gilt yields overnight – Scotiabank
The Pound Sterling (GBP) plunged more than a cent in response to the Trump tariff headlines, leaving it the worst-performing major currency on the session, Scotiabank’s Chief FX Strategist Shaun ...
EUR/USD weaker on soft German economic data – Scotiabank
Weak German data (soft November Retail Sales and a sharp, 5.4% plunge in Factory Orders over the November month are pushing the EUR lower, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Breaking: US ADP private sector employment rises 122,000 in December vs. 140,000 expected
The ADP Employment Change report for December will be released on Wednesday at 13:15 GMT. It’s expected to show that the US ...
CAD slips on tariff headline – Scotiabank
“USD/CAD’s dithering around the 1.4335 technical breakdown point leaves the CAD’s position on the charts weaker now than at ...
USD jumps on Trump tariff threat – Scotiabank
The US Dollar (USD) is tracking higher. Headlines indicating that Trump might cite a national economic emergency as the justification for a new round of broadly applied tariffs is driving the USD ...
Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 8 January
Bitcoin hovers around $97,000 on Wednesday after declining more than 5% the previous day. Ethereum and Ripple follow in BTC’s footsteps and decline 8.3% and 6.15% respectively. This recent pullback ...