Daily Forex News by XtremeMarkets.com

[xtreamforex26]

EUR/JPY Slides Down as Investors Keep an Eye on German GDP Data

EUR/JPY is going down today, hovering in the mid-180s. Sellers are showing up as the Japanese Yen gets a little boost from talk about possible government intervention. Still, the pair isn’t dropping much—everyone’s just waiting to see what Germany’s latest GDP numbers have to say.

Intervention Talk Puts Yen in the Spotlight 

There’s been a fresh round of intervention rumours, and that’s helped the Yen. Japan’s finance minister made it clear they’re ready to step in if the currency gets too wild. Other officials have hinted at the same thing. They don’t want the Yen to get too weak and mess with the economy. Meanwhile, the Bank of Japan hasn’t ruled out a rate hike in December. Governor Ueda pointed out the obvious: a weaker Yen pushes inflation higher, and inflation’s already been running above target for years. So, between intervention talk and the chance of a rate hike, the Yen’s got some support, which keeps EUR/JPY from climbing.

 

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtreamforex26]

NZD/USD Goes Down Toward 0.5700 While Breaking the Short-term Barrier

On the last Wednesday in November, the NZD/USD gained momentum, going up more than 1%, sitting near 0.5690 in Asia’s session. This time, it climbed past the nine-day EMA, hinting at fresh short-term power. But let’s be real—the bigger trend still points down. The daily chart makes that obvious, so investors aren’t exactly piling in right now.

A bit of calm shows up in the short-term signals; however, the 50-day EMA still hangs above, holding back buyers. The nine-day EMA now acts as a support zone. For real change, buyers need to break past that 50-day level; without it, slipping back remains likely, particularly if NZD/USD fails to hold recent gains.

Support Levels Hold as Buyers Test the Waters

The RSI (Relative Strength Index) holds near 52 – steady and it’s climbing slowly, hinting at gains if demand stays strong. Should momentum fade, watch 0.5650 as a support level, along with the nine-day EMA  at about 0.5640. If those give way, sellers could push harder toward the support at 0.5550. A breakdown past that opens room for another leg down to April’s bottom around 0.5485. The multi-year low in April, which is close to 0.5485, may be revisited by traders.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtreamforex26]

USD/CAD Is Above 1.4000 While Markets Await Crucial Information

USD/CAD is firm and holding onto mild gains this Friday in the Asia Market. It is holding near 1.4030. The US Dollar’s getting a little lift, but not much—everyone’s still betting on a Federal Reserve rate cut in December. All eyes are also on Canada’s Q3 GDP numbers, set to drop later today. That release could shake things up for the pair.

Fed’s Dovish Comments Fuel Rate-Cut Bets

Lately, top Fed officials have made it pretty clear they’re leaning toward easing. San Francisco Fed President Mary Daly openly backed a rate cut, citing a soft labor market. Christopher Waller, the governor of the Fed, agreed, stating that a 25 basis point cut is warranted due to the poor state of the labor market. Of course, they’ll still watch the data. But the market’s already made up its mind. The CME FedWatch Tool shows traders are pricing in an 87% chance of a December rate cut—way up from just 39% last week. That keeps the US Dollar afloat, but it’s not enough to push it much higher.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtreamforex26]

EUR/JPY Pair Nears 180.70; Market Banks on Eurozone HICP Data

EUR/JPY rises near 180.70 as traders snap up the pair after three straight days of losses. Buyers stepped in once the price bounced off the 180.00 level, and now everyone’s watching for the latest Eurozone inflation numbers (HICP) to set the tone.

The Expectation is that the ECB Will Keep Rates Steady 

Right now, the Euro’s got some support. People expect the ECB to keep rates steady for a while, especially with the flash HICP release just around the corner. Forecasts put headline inflation at 2.1% year-on-year for November and core inflation at 2.5%. Recent numbers out of France, Spain, and Italy didn’t show much price pressure, but Germany’s data came in a bit hotter than expected. All this mixed data adds up to one thing: the ECB probably won’t cut rates anytime soon. That’s giving the Euro some momentum and keeping EUR/JPY on firmer ground.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtreamforex26]

Wall Street Rebounds as Fed Rate-Cut Expectations Strengthen

Wall Street came roaring back on Tuesday. Traders suddenly seemed a lot more confident that the Fed’s going to cut rates soon, and you could feel that energy everywhere. People started shifting their positions ahead of this week’s big inflation data. Treasury yields calmed down, companies sounded a little more hopeful, and the main stock indices just took off right from the opening bell. 

Indices Rise Ahead of Key PCE Inflation Report 

By the time morning rolled around, the S&P 500 had climbed half a percent. The Dow was up 0.4%, and the Nasdaq stole the show with a solid 1% jump. At the open, the Dow shot up 127 points. S&P and Nasdaq both started strong too, rising 0.27% and 0.45%. All eyes are on Friday’s Personal Consumption Expenditures (PCE) Price Index—that’s the inflation number the Fed actually cares about. The results from that report will probably set the tone for what happens with rates this December. Folks investing in bonds maintained their composure, but they were very confident. The 10-year Treasury rate moved higher, climbing to 4.11% from 4.09% earlier, while the 2-year declined little, to 3.52%. Nothing unusual transpired; instead, there was a peaceful hope in the air.

 

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtreamforex26]

GBP/USD Drops Below 1.3350 as the USD Accelerates

Early on Thursday, GBP/USD is trading around 1.3330, retreating from its recent two-month high. The main story? The US Dollar bounced back, even though American economic data has been underwhelming. People are keeping an eye on the calendar—big US numbers are on the way, especially the Weekly Initial Jobless Claims Report. Right now, there’s caution in the air, but with everyone talking about a possible Fed rate cut next week, the Pound isn’t falling too far.

Fed Rate Cut Hopes and the Kevin Hassett Factor

Soft US numbers, like the latest Manufacturing PMI and ADP jobs data, have traders doubling down on a December Fed rate cut. FedWatch odds are now near 90% for a 25-basis-point cut, and markets expect more easing in 2025. That takes some pressure off the Dollar, which gives GBP/USD a bit of breathing room for now.

But there’s another angle: possible changes at the Fed. Trump says he’ll announce his pick for the next Fed Chair early next year, and Kevin Hassett—known for pushing aggressive rate cuts—is in the running. If Hassett gets the job, expect a more dovish Fed, and that could pull the Dollar down over time.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

AUD/JPY Weakens Following RBA’s Decision to Maintain Rates Above 3.6%

AUD/JPY in the early Asian hours on Tuesday floated near 103.20 levels, after the Reserve Bank of Australia (RBA) kept its Official Cash Rate at 3.6%. The cut had been widely anticipated by markets; however, the more dovish tone from officials helped keep mild pressure on the Aussie, dragging it through 103.50.

RBA Cautious on Inflation Outlook

In its statement, the Australian central bank indicated that recent inflation pressures may also partially stem from temporary factors, though broadening price growth still needs to be closely watched. And policymakers said they will remain cautious and monitor the economic outlook as new data is released. The decision reinforced perceptions that the RBA is set to stay on the sidelines for now, keeping a lid on AUD gains across the board.

Worries Over Earthquakes May Affect BoJ Outlook

In the meantime, investors are also keeping an eye on Japan after Learning of a powerful earthquake. Analysts said that, depending on the extent of the damage the world’s third-largest economy sustained, the Bank of Japan (BoJ) could postpone a widely expected rate hike next week. The bank’s forthcoming meeting, on December 18–19, is now the subject of extra uncertainty, which could in turn weigh on the Yen in the sessions ahead.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

EUR/USD stays calm near 1.1625 as traders await Fed outcome

EUR/USD remains muted around 1.1625 as buyers exercise caution while trading ahead of the US Federal Reserve interest rate announcement.  The pair maintained its  low intensity tone through the early European session and struggled to capitalize on the overnight recovery move from over one-month lows. Investors are sitting on their hands before a US Federal Reserve interest rate decision, with markets expecting another 25 basis-point cut. With the Fed scheduled to run a play that would make it three cuts in a row, interest rates will be cut to 3.50%–3.75%, their lowest level in nearly three years.

Investors will closely watch the press conference from Fed Chair Jerome Powell, including his remarks on rate expectations for next year. And if Powell does sound more hawkish on inflation or the cuts in 2025 may be smaller, the US Dollar could rise—and hence pressure the EUR/USD pair in the short term.

Us Inflation Worries Hold Back Long-term Rate Cut Hopes

Fresh data out of the US boosts the Dollar. The most recent JOLTS report announced a stronger-than-expected 7.67 million job openings, easily beating estimates. That is an indication that the US labor market is still healthy, which suggests it will be increasingly difficult for the Fed to follow up with an extensive range of rate cuts over a longer period. Some analysts now think rate cuts in 2026 may not be quite as steep.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

EUR/USD Keeps The Lower Bound Of Range Post-Fed Cut, Market Awaits Jobless Claims

The EUR/USD was trading around 1.1690 in the early European session on Thursday, touching lower with no clear direction. In the aftermath of the Federal Reserve’s latest rate cut, the market’s reaction was muted — more a polite nod than an emphatic leap. And market veterans often refer to such pauses as the market “taking stock”, in a neutral, battery-recharging mode rather than necessarily signalling a new trend.

Not Just the Cut, Powell’s Tone Sets Expectations

The Fed lowered its benchmark rate to a range of 3.50%–3.75%, though the focus was on Chair Jerome Powell’s cautious words. Officials signalled openness to waiting and reassessment, and that tone seems to matter more for traders than the 0.25-point move itself. That new recalibration was apparent in price action: Fed policy tools are now showing a higher probability that the next interest rate move will be a hold. In other words, the market responded to nuance — to the hint that the cut was not the start of a series of them — rather than to the cut itself.

Read Full News : Daily & Weekly Analysis on XtremeMarkets
 

[xtrememarkets]

US Dollar Index Slips Near 98 as Markets Bet on Bigger 2026 Rate Cuts Than the Fed

The US Dollar Index just can’t seem to catch a break, as on Thursday, it hovered nervously above 98, barely holding on after dropping to a new seven-week low at 98.13. Traders are increasingly leaning toward the view that the Fed will have to cut rates much deeper by 2026 than officials are willing to admit. That’s left the dollar looking weak and heavy, a mood that’s lingered ever since the Fed’s meeting on Wednesday.

Washington kept the pressure up, too. White House spokeswoman Karoline Leavitt said President Trump wants even lower borrowing costs. This came right after the Fed’s modest quarter-point cut. It’s another sign that political voices could keep pushing the Fed to loosen things up. Still, if you look at the Fed’s own projections, they’re only projecting one cut next year. So the gap between what traders expect and what the Fed’s saying is still very real.

Dollar Struggles, With Most Majors Pairs Outperforming

Currencies this week told the same story: the dollar lost ground against nearly all its major rivals. The Swiss franc led the pack, but the dollar also slipped against the euro, pound, Aussie, and kiwi. Only the yen came off worse. The mix isn’t exactly disastrous, but it does show a currency drifting—mostly edging lower, with no real direction.

Meanwhile, the CME FedWatch tool says traders haven’t waited for the Fed to spell things out. The odds of at least two cuts by October 2026 have jumped to about 58%. On top of that, weaker US economic data earlier in the week made people even more convinced the Fed will give in to market pressure, whether they like it or not.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

USD/CAD Steady Near 1.3770 as Markets Wait for US Jobs Data

USD/CAD today, during the Asian session, is trading flat at around 1.3770. This steady movement indicates that traders are awaiting an important update from the United States. Attention now turns to the NFP (Nonfarm Payrolls) –  because it reflects labour market statistics for both October and November. Traders have been looking to stay alert and cautious until that report is released, and, henceforth, we’ve seen range-bound conditions in the pair.

Why the U.S. Jobs Numbers Matter

 The US NFP report provides a glimpse of how well or how poorly the job market is in the US. This information is worth tracking, as it could sway the future direction of US Federal Reserve interest rate policy. The Fed has already reduced interest rates by 75 basis points this year, primarily in response to signs of a slowing job market. As per predictions, the Unemployment Rate of the USA remained steady at 4.4% during November. The data isn’t providing a positive bias for the greenback, say more losses ahead.

Traders are also waiting for the US Retail Sales and business activity figures to be released along with NFP. Retail Sales should tick up 0.2%, which would point to unchanged consumer spending.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

AUD/JPY Technical Analysis: Softens below 104.00 but Uptrend Remains Firm

AUD/JPY tried to push higher early in the European session but ran out of steam just before hitting 104.00. After bouncing from the ¥101 area, the pair hit some resistance that kept it in check. Most of that weakness came after Japanese officials surprised the market by warning they might step in if the Yen moved too quickly. The finance ministry repeated its usual message: they’re ready to act if things get out of hand.

On top of that, senior currency officials spoke up, calling the Yen’s recent swings “excessive. Traders took notice and pulled back on bets against the Yen, which gave it a quick boost and dragged AUD/JPY a bit lower. Even so, the drop didn’t go far—there wasn’t much real selling pressure behind it.

RBA Technicals and Outlook Favour the Pair

Meanwhile, Australia’s side of the story is still solid. The Reserve Bank of Australia’s December meeting minutes showed the board is getting more worried about stubborn inflation. They even talked about hiking rates again next year if inflation doesn’t cool down. That kind of talk usually keeps the Aussie dollar supported.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

EUR/USD Keeps Above 1.1800 As It Retraces From Three-Month Peak

EUR/USD remains in a holding pattern—likely to continue.  For the most part, the EUR/USD has wasted the recovery effort since bottoming at 1.1168 (three-month low) by inching closer to 1.1808 last week but so far failing short of reaching that high again for a second day. But narrow that gap, buyers have not let off the hook yet as price is still trading higher for a third straight day.

On the daily chart, the uptrend is intact. An upward movement is usually open when price action remains with an ascending channel. Momentum seems a little hot, though. The 14-day RSI at 71 is deep into overbought territory. That doesn’t scream “reversal,” but it does indicate the market might struggle a bit or drift sideways for some time before resuming off to the races.

When things run up this quickly, traders get a little jumpy. So, it wouldn’t shock anyone to see some sideways action or consolidation right around these levels.

Technical Structure Continues to Favor Buyers
From a technical standpoint, the bias stays bullish. The nine-day EMA has crossed above the 50-day EMA, and the price has remained above both. That shows buyers are still driving the trend, and demand isn’t drying up.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

USD/CAD Holds Near Five-Month Lows as BoC–Fed Policy Gap Lifts Loonie

Forex markets were closed on December 25, and the USD/CAD ratio hardly changed from its five-month low on December 24. Markets were quiet due to holiday trading, and by December 25, when most major exchanges were closed, the pair was at its lowest level since late July, hovering around 1.3675. Due to differing interest rate outlooks between the two nations, the Canadian dollar managed to slightly increase while the US dollar remained stable overall.

Light Activity Pins USD/CAD in Place

Most traders checked out for the holidays, so market activity was sparse. Nobody expected big moves in USD/CAD, even with mixed economic data on the table. Canada’s GDP slipped 0.3% in October, perfectly matching forecasts and erasing September’s small gain. Meanwhile, the US economy flexed, with Q3 GDP jumping to an annualised 4.3%. That beat both previous estimates and market expectations. Still, with so few players around, none of this really moved the needle.

BoC’s Steady Hand Keeps Loonie Supported

The policy gap between the Bank of Canada and the U.S. Federal Reserve remains supportive of the Canadian dollar. BoC held rates at 2.25% last month with the removal of the downward bias in favour of maintaining a target range for inflation. This was because the Bank of Canada had already slashed 100 basis points in interest rates earlier this year and markets read this as the end of the cycle. The majority of experts are predicting interest rates of 2.25% to stand ever-proud through until 2026, with a slim chance of an increase towards the end of that year.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

USD/CAD Holds Near Five-Month Lows as BoC–Fed Policy Gap Lifts Loonie

Forex markets were closed on December 25, and the USD/CAD ratio hardly changed from its five-month low on December 24. Markets were quiet due to holiday trading, and by December 25, when most major exchanges were closed, the pair was at its lowest level since late July, hovering around 1.3675. Due to differing interest rate outlooks between the two nations, the Canadian dollar managed to slightly increase while the US dollar remained stable overall.

Light Activity Pins USD/CAD in Place

Most traders checked out for the holidays, so market activity was sparse. Nobody expected big moves in USD/CAD, even with mixed economic data on the table. Canada’s GDP slipped 0.3% in October, perfectly matching forecasts and erasing September’s small gain. Meanwhile, the US economy flexed, with Q3 GDP jumping to an annualised 4.3%. That beat both previous estimates and market expectations. Still, with so few players around, none of this really moved the needle.

BoC’s Steady Hand Keeps Loonie Supported

The policy gap between the Bank of Canada and the U.S. Federal Reserve remains supportive of the Canadian dollar. BoC held rates at 2.25% last month with the removal of the downward bias in favour of maintaining a target range for inflation. This was because the Bank of Canada had already slashed 100 basis points in interest rates earlier this year and markets read this as the end of the cycle. The majority of experts are predicting interest rates of 2.25% to stand ever-proud through until 2026, with a slim chance of an increase towards the end of that year.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

The Australian Dollar Near a 14-month High as the RBA Maintains Its Hawkish Tone

The Australian Dollar kept its gains and momentum against the U.S. Dollar on Monday, hitting a 14-month high at 0.6727. Following the release of the Reserve Bank of Australia’s minutes from its December meeting, this rally began. The message was very clear: if inflation doesn’t decline, the RBA is prepared to raise rates once more because they don’t think the current rates are doing enough to control it.

Inflation is still running hot in Australia. In October 2025, headline inflation bumped up to 3.8%, a jump from 3.6% the month before and still above the RBA’s 2–3% comfort zone. That’s got analysts betting on another rate hike as soon as February 2026, with big banks like Commonwealth Bank of Australia and NAB calling for rates to rise to 3.85%. Meanwhile, consumer inflation expectations are climbing, too—hitting 4.7% in December. That only adds fuel to the RBA’s hawkish fire.

China News and Regional Tensions Grab Attention

On top of that, the Australian  Dollar is getting a boost from headlines out of China. Australia’s economic fortunes are tightly linked to Chinese trade, so whenever Beijing signals more investment—like this week’s news about a push for advanced manufacturing and innovation—it gives the AUD extra momentum. But it’s not all smooth sailing. Tensions in the South China Sea have certainly escalated since China began its military drills, dubbed ‘Justice Mission 2025,’ off the coast of Taiwan. Actions like these underline Asia’s shipping and trade routes, and may lead to currency swings globally.

US Dollar Waits for Fed Clarity

Shifting focus to US data, Dollar Index is holding steady near 98.10. Traders are in a holding pattern as they wait for the Federal Reserve’s December meeting minutes to get a sense of what policy will be like through 2026. The Fed lowered rates by 25 basis points just last month, and the market is still pricing in two more cuts next year.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

EUR/USD Pair Technical Analysis: Stuck Below 1.1800

The EUR/USD pair does not seem to go above the level of  1.1800 and on early Wednesday in Asia, it sank to a new weekly low near 1.1740 as the US Dollar caught some strength. What’s odd is that this happened even though the FOMC Minutes still point to more rate cuts ahead. Right now, the pair is hovering around 1.1760, a touch below where it started the day.

EUR/USD Currency Pair Short-Term Overview: Bears in Control

The 4-hour chart shows that sellers are leading. The EUR/USD rate, on the other hand, trades above this moving average, which is viewed as a resistance between 1.1775 and 1.1780 at the moment (it’s the SMAs just above them in response). Momentum looks bearish but is still moving into negative, and PRICE ACTION remains in range without any break of the 100- or 200-period SMAs at this moment, which are located at 1.1727 AND 1.1658, respectively. The RSI is sticking to the mid-40s, while the momentum indicator continues heading south of its midline. Or, in a word, buyers are frozen. A further drop towards long-term support may occur if the pair breaks below the 100-period SMA.

Daily Chart Shows Less Grim Picture

On a higher daily chart, you see the situation is much less grim. In EUR/USD,  the pair continues to trade above all of our major averages. Provided the dynamic support by the 20-day SMA is still in place and is now being located around the zone of 1.1720-1.1725. The 200-day still trends upward, but the 100-day has flattened a tad and may indicate some pause time.. There is still an increase. Momentum readings remain above their midlines even as they cool somewhat. RSI has fallen from recent highs to around 62. Bulls have been humbled, as they’re no longer quite so dominant — the bulls and their power dynamic keep this expectation in check.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

EUR/JPY pair sticks close to 183.50 as the euro hangs in there

The EUR/JPY pair nudged a bit higher in Asian trading on Tuesday, staying right around 183.50 after slipping for two days. The euro’s getting a little help from steadier market nerves—tensions between the US and Venezuela cooled off, and that’s taken some pressure off riskier currencies like the euro. Traders feel more relaxed now, but they’re still careful. That’s helped the euro steady up against the yen.

Now, everyone’s watching Europe’s upcoming economic numbers. In the day ahead, attention will turn on Germany and the release of its latest inflation data for December, which includes the CPI and HICP. These figures are important. They contribute to setting the tone for potential future interest rate actions by the European Central Bank.

All eyes on German inflation

As stated, the focus will be on Germany, as it is the dominant force in the Eurozone. Most people believe interest rates won’t drop anytime soon and will rise if inflation continues to decline. The ECB left rates unchanged in December 2025 and gave no hints about rushing into anything new. President Christine Lagarde basically said things are too uncertain to make any promises about what comes next.

Along with inflation data, traders are keeping tabs on PMI reports from Germany and the Eurozone. These business activity numbers give an early read on the economy and how much demand is out there.

Read Full News : Daily & Weekly Analysis on XtremeMarkets

[xtrememarkets]

EUR/GBP rebounds toward 0.8680 as markets look past softer Eurozone inflation

The EUR/GBP pair trims its early losses and edges higher toward the 0.8680 mark during late Asian trading on Thursday. The modest rebound comes as investors largely shrug off weaker-than-expected preliminary Eurozone inflation figures for December.

Data released by Eurostat on Wednesday showed headline Harmonized Index of Consumer Prices (HICP) rising 2.0% year over year, in line with forecasts but slightly below November’s 2.1%. Core HICP—which excludes volatile components such as food, energy, alcohol, and tobacco—slowed to 2.3%, missing expectations and easing from the previous 2.4%.

On a monthly basis, both headline and core inflation rebounded, increasing by 0.2% and 0.3% respectively, after posting declines in November.

Despite the softer inflation print, the figures are not expected to significantly alter market expectations for near-term interest rate cuts from the European Central Bank, as inflation remains close to the ECB’s 2% target.

Later in the session, attention will turn to remarks from ECB Vice President Luis de Guindos, who is scheduled to speak at a fireside chat during Vicente’s second edition of Next Spain Global at 08:30 GMT.

Read Full News : Daily & Weekly Analysis on XtremeMarket

[xtrememarkets]

USD/CAD holds near 1.3900 as solid US data underpins Fed pause outlook

USD/CAD remains modestly higher for a third consecutive session, trading close to the 1.3890 level during early Asian trading on Thursday. The pair continues to find support from a firmer US Dollar (USD), backed by stronger-than-expected US economic data. Market participants now turn their attention to the weekly US Initial Jobless Claims release later in the day, along with comments from Federal Reserve officials.

On Wednesday, the US Census Bureau reported that Retail Sales rose by 0.6% in November to $735.9 billion, rebounding from a 0.1% decline in October and surpassing market expectations of a 0.4% increase. In addition, November’s Producer Price Index (PPI) surprised to the upside, with both headline and core inflation accelerating to 3% year-over-year.

Combined with last week’s data showing the US Unemployment Rate easing to 4.4% in December, these figures strengthen the argument for the Federal Reserve to keep interest rates unchanged in the near term, providing ongoing support to the USD. Reflecting this shift, Morgan Stanley analysts have pushed back their expectations for rate cuts to June and September, from earlier projections of January and April, following the latest US jobs report.

Read Full News : Daily & Weekly Analysis on XtremeMarkets