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DXY: Wakeup call from a hawkish Fed – OCBC
FX markets received a wakeup call from a hawkish Fed, with USD up over 1% overnight post-FOMC. December seasonality of US Dollar (USD) softness doesn’t seem to apply for Dec-2024 so far. The Dollar Index (DXY) was last at 108 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Dec 19, 2024
EUR maintains a tight range – Scotiabank
The final Eurozone CPI for November was revised down to 2.2%, from the preliminary 2.3%. Core inflation was left unchanged at 2.7%. The Euro (EUR) is virtually flat on the day and ignored the data as tight range trading extended for another day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Dec 18, 2024
GBP pressures resistance in low 1.27s – Scotiabank
UK inflation data reflected the expected pick up in prices in November. The Pound Sterling (GBP) picked up a little support over the course of European trade but Cable is finding it difficult to hold gains through the low 1.27s, Scotiabank’s Chief FX Strategist Shaun Osborne notes.Fxstreet
Dec 18, 2024
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Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%
US Nonfarm Payrolls expected to pick up in October
Nasdaq Drops Over 5%, Philadelphia Semiconductor Index Plunges 12% as Chip and AI Infrastructure Stocks Are Sold Off; Micron Falls 17%, Nvidia Drops 9%
SpaceX Falls Over 9%, Down Nearly 30% From October High; Musk Reposts Investor Analysis on Texas Proposed Pause on New Data Center Approvals
Tesla Rises Nearly 3% Premarket as Musk Says Texas Plant to Phase Out Cybertruck Production by Mid-2027 to Make Way for Cybercab Expansion
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