Blogs

Price action in the GBP/JPY remains constrained ahead of the Bank of England’s (BoE) monetary policy decision on Thursday.

During Tuesday's trading session, USD/NOK experienced gains, currently trading around the 10.975 level.

Mexican Peso (MXN) is down against the US Dollar (USD) following an inflation report in the United States (US), which most likely would prevent the US Federal Reserve (Fed) from easing monetary policy faster than the expectations of market participants.

The US Dollar (USD) is currently undergoing a slight retreat as the DXY index trades at 103.95 after the release of November’s Consumer Price Index (CPI) figures from the US, which fueled dovish bets on the Federal Reserve.

The US government recorded a $314 billion budget deficit in November, larger than the $301 expected.

Gold price lost its bright after hitting a daily high of $1996.73, though it dropped in the aftermath of a softish inflation report in the United States (US), ahead of the upcoming Federal Reserve (Fed) monetary policy decision.

United States Monthly Budget Statement registered at $-314B, below expectations ($-301.05B) in November

EUR/USD climbed in early Tuesday trading before slipping back below 1.0800, driven back after US Consumer Price Index (CPI) inflation came in as markets forecast, showing an ongoing gradual easing of price growth in the US.

United States 30-Year Bond Auction down to 4.344% from previous 4.769%

Silver price erased earlier gains and turned negative, down 0.30% following a softer US inflation report, which initially bolstered XAG/USD prices.