Blogs

The GBP/USD climbed higher on Wednesday as broad-market risk appetite pushed the US Dollar (USD) into the floorboards, bolstering the Pound Sterling (GBP).

South Korea BOK Manufacturing BSI unchanged at 72 in January

The US Dollar (USD) continues to experience sharp losses, with the US Dollar Index (DXY) trading at 100.95 its lowest level in five months.

Another day in an unusual week. During the Asian session, Japanese data is due, including Industrial Production and Retail Trade.

West Texas Intermediate (WTI) Crude Oil is easing back on Wednesday after last week’s 2%-plus gain on the back of transportation cancellations through the Red Sea following attacks on cargo ships by Iran-backed Houthi rebels in Yemen.

United States 5-Year Note Auction down to 3.801% from previous 4.42%

XAG/USD caught a broad-market risk appetite surge on Wednesday as investors continue to lean heavily into bets that the Federal Reserve (Fed) will start cutting interest rates in 2024, with some expecting the first cuts to begin as soon as March of next year.

The EUR/USD is gaining ground in thin post-holiday markets as investors gear up for the new year and head towards 2024 with sentiment leaning notably risk-on, pushing the US Dollar (USD) down once more in the last partial trading week of the year.

In Wednesday's session, the USD/CHF saw pronounced downward movements, sliding to multi-year lows of 0.8440, seeing a steep 1% dip.

Russia Industrial Output below expectations (4.4%) in November: Actual (4.3%)