<p>The report says that the EU is considering to reopen a case at the WTO against the US over a steel and aluminum dispute that saw both sides hit each other with tariffs of over $10 billion of goods, citing people familiar with the matter. That being said, the EU is said to be refraining […]
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China's Politburo says will maintain prudent monetary policy next year
<ul><li>Monetary policy to be more flexible and precise</li><li>Fiscal policy will be more proactive as well next year</li><li>Fiscal policy to be more forceful and efficient</li><li>Will expand domestic demand, deepen reform in key areas</li></ul><p>That's pretty much continuin
European stocks slightly higher, US payrolls still eyed
<ul><li>Eurostoxx +0.3%</li><li>Germany DAX +0.2%</li><li>France CAC 40 +0.5%</li><li>UK FTSE flat</li><li>Spain IBEX flat</li><li>Italy FTSE MIB +0.1%</li></ul><p>It's a decent start to the open, with the DAX looking to reclaim fresh record highs on the
Germany November final CPI +3.2% vs +3.2% y/y prelim
<ul><li>Prior +3.8%</li><li>HICP +2.3% vs +2.3% y/y prelim</li><li>Prior +3.0%</li></ul><p>If you strip out food and energy prices i.e. core inflation, the reading was 3.8% in November and that is still on the higher side even if the signs are pointing to further moderation in price pressures in
US jobs report the main draw in trading today
<p>The dollar is trading more mixed and lightly changed overall, with the <a href="https://www.forexlive.com/news/japanese-yen-still-in-the-spotlight-amid-volatile-trading-20231208/" target="_blank" rel="follow">Japanese yen still stealing the spotlight</a> after the volatile moves since yesterday. It
Japanese yen still in the spotlight amid volatile trading
<p>Despite that, the pair is just down 0.3% or roughly 40 pips to around 143.70 at the moment. The low earlier clipped 142.50 before a slight bounce. As things stand, the more important technical levels in play were the ones tested in trading yesterday:</p><p>That being the 38.2 Fib retracement level at 142.47 and the 200-day [&he
ForexLive Asia-Pacific FX news wrap: USD/JPY swings down to 142.50, comes back to 144
<ul><li><a href="https://www.forexlive.com/news/rbc-anticipates-a-modestly-weaker-non-farm-payroll-report-20231208/">RBC anticipates a modestly weaker non-farm payroll report</a></li><li><a href="https://www.forexlive.com/news/barclays-analysts-predict-single-digit-returns-for-us-equities-in-202
US Dollar declines ahead of November's NFPs
The US Dollar (USD) has been navigating turbulent waters, trading at 103.30, with significant losses registered below the 20-day Simple Moving Average (SMA).
AUD/USD consolidates in a narrow range around 0.6600 ahead of the US NFP data
The AUD/USD pair oscillates in a narrow range around the 0.6600 psychological mark during the early Asian session on Friday.
South Korea Current Account Balance: 6.8B (October) vs 5.42B
South Korea Current Account Balance: 6.8B (October) vs 5.42B