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JPMorgan CEO Dimon supportive of Fed independence
Jan 13 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon said on Tuesday he was supportive of the Federal Reserve's independence."Everyone we know believes in Fed independence," Dimon said in a call with reporters, adding he has "great respect" for Chair Jerome Powell.Reuters
Tue, Jan 13
TABLE-Commerzbank raises 2026 year-end gold forecast to $4,900/oz
Jan 13 (Reuters) - Commerzbank raised its gold price forecast to $4,900 by the end of this year on Tuesday, citing increased safe-haven demand.Gold prices XAU= this week hit a record high of $4,629.94, as geopolitical tensions and the U.S. administration's threats to the Federal Reserve chair ha...Reuters
Tue, Jan 13
Global central bank chiefs defend Fed's Powell after Trump threat
Powell threatened with indictment over renovation of Fed HQStatement in support of Fed chief signed by 11 peersHeads of ECB, Bank of England and Bank of Canada among signatoriesTrump has been pressuring Fed to lower interest ratesBy Balazs Koranyi and Francesco Canepa FRANKFURT, Jan 13 (Reuters) ...Reuters
Tue, Jan 13
Brazil's service sector falls in November, ending nine-month streak
SAO PAULO, Jan 13 (Reuters) - Brazil's services activity slipped in November from the previous month, data from the statistics agency IBGE showed on Tuesday, missing market forecasts and breaking a nine-month streak of positive results as tight financial conditions bite.The main driver of La...Reuters
Tue, Jan 13
USD/CNH: Likely to trade in a range between 6.9620 and 6.9820 – UOB Group
US Dollar (USD) is likely to trade in a range between 6.9620 and 6.9820. In the longer run, USD remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jan 13
GBP/USD is likely in a range-trading phase – UOB Group
Sharp rebound has scope to test 1.3495 before a pullback can be expected; 1.3520 is not expected to come under threat. In the longer run, GBP is likely in a range-trading phase between 1.3390 and 1.3520, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Jan 13
Central-bank independence is essential, ECB's Kocher says
VIENNA, Jan 13 (Reuters) - Putting political pressure on monetary policy increases inflation and erodes financial stability, European Central Bank policymaker Martin Kocher said on Tuesday, without naming U.S. President Donald Trump who is pressuring the Federal Reserve."Central bank independenc...Reuters
Tue, Jan 13
