The Australian Dollar’s bullish momentum remains firm, as the pair has crossed beyond the 0.6800 level favoured by a broad-based Dollar weakness, with all eyes on the US PCE Prices Index, due later today.
Blogs
US Core PCE Preview: Abating price pressures in November could reinforce Federal Reserve rate cut bets
The Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 13:30 GMT.
EUR/USD: Door open for a significant push higher over the coming month or so – Scotiabank
EUR/USD pushes through low 1.10 zone to trigger renewed bull impulse, economists at Scotiabank report.
Oil steady above $74 as Angola quits OPEC cartel over production quota spat
Oil prices are back on track towards $84 on Friday, propelled by geopolitical tensions in the Red Sea. Still making headlines going into these last hours of trading before Christmas, Houthi rebels have made the Red Sea a no-go zone for all big freight
NZD/USD is piercing 0.6300 resistance ahead of the US PCE Prices Index
The Kiwi has resumed its uptrend on Froday´s European morning session, to explore levels beyond 0.6300.
Gold price rallies as US Dollar tumbles ahead of US core PCE inflation data
Gold price (XAU/USD) climbs swiftly to near the crucial resistance of $2,060 as market participants are bettin
Mexico Trade Balance, $ came in at $0.63B, above expectations ($0.404B) in November
Mexico Trade Balance, $ came in at $0.63B, above expectations ($0.404B) in November
Mexico Trade Balance s/a, $: $0.03B (November) vs previous $0.314B
Mexico Trade Balance s/a, $: $0.03B (November) vs previous $0.314B
AUD/USD to move back into the 0.69-0.75 range – SocGen
Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes, the AUD outlook.
Pound Sterling Price News and Forecast: GBP/USD shrugs after mixed UK data
Supported by the broad-based selling pressure surrounding the US Dollar (USD) in the second half of the day on Thursday, GBP/USD managed to erase a large portion of Wednesday's losses.