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The EUR/USD pair reached an 18-week high on Friday, but slipped back towards 1.1000 as markets wind up operations before heading into the holiday break. The US dollar is declining as investors anticipate rate cuts due to slowing inflation in the US. The Core Annualised PCE Price Index for the …

The USD/JPY pair surged to 142.60 on Friday, boosted by the Japanese Yen’s expected 2.5% increase in the National Consumer Price Index (CPI). However, the Bank of Japan remains uncertain about the future of Japanese inflation, as it remains firmly entrenched in hyper-easy monetary policy with negative interest rates, and …

The majority of analysts interpret Angola’s recent withdrawal from OPEC as a hint that further Chinese investment is welcome. As part of a strengthening of long-standing relations, Beijing may be able to invest more in Angola’s oil and other sectors as a result of the country’s decision to exit OPEC. …

The GBP/USD is holding above the 1.2700 handle after US PCE inflation settled further on Friday. UK Retail Sales grew 1.3% MoM in November, beating the forecast 0.4% and rebounding from October’s flat print of 0.0%. Annualized Retail Sales through November also gained on market forecasts, printing at 0.1% versus …

The US Dollar is facing increasing selling pressure as investors are pricing in interest-rate cuts for early 2024. Markets are opting to ignore remarks and warnings from several US Federal Reserve officials, who are trying to play down expectations of upcoming cuts. As US equities have a Christmas rally, US …

At the start of trading on Friday, European stocks took a hit, primarily due to a decline in the shares of technology and sportswear companies. Investors are carefully weighing the potential impact of global trade disruptions following attacks in the Red Sea. Additionally, they await the release of crucial inflation …

The UK shared economic updates today, and it’s a mix of news. According to the latest data from the British government on December 22nd, the Gross Domestic Product (GDP) went down by about 0.1% in the third quarter. This is a change from the first report, which initially suggested stability. …

The dollar stabilized above its lowest level in over four months on Friday, with expectations centered on the release of crucial inflation data in the United States later in the day. This data may offer insights into the potential for the central bank to cut rates in the coming year. …

Oil prices rose as much as 1 percent on Friday as tensions continued in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to withdraw from OPEC raised questions about the cartel’s effectiveness in supporting prices. By 0409 GMT, Brent crude futures rose 86 …

Gold prices surged on Friday to their highest levels in about three weeks as expectations grew that the Federal Reserve would cut interest rates early in the year. This move pushed the dollar and bond yields lower in anticipation of the upcoming US inflation data. As of 0513 GMT, spot …