USD/CAD prices are trading at extreme levels ahead of Canadian earnings and retail sales as well as the US GDP report.

Title: UK Inflation Falls Erasing Recent Gains on GBPUSD, Attention turns to US PCE Data

Gold is pushing gently higher and testing old resistance levels ahead of the last major data release of the year, US PCE. Will a benign number give gold another push higher?

​​Outlook on FTSE 100, DAX 40 and S&P 500 as UK inflations surprises to the downside.

GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.

Gold enjoyed a rally toward the $2050/Oz mark before facing some selling pressure as Fed rate cut expectations continue to sway back and forth. PCE data later in the week could prove key to where Gold prices end the week.

This article focuses on the outlook for the U.S. dollar and analyzes the technical profile for major FX pairs such as EUR/USD, USD/JPY and GBP/USD.

The Bank of Japan left all monetary policy levers untouched earlier, leaving the Japanese Yen at risk of further losses.

A concerted effort by various Fed officials over the past few days to dampen market expectations of multiple rate cuts in 2024 is not having the desired effect at the moment.

US indices continue to consolidate, but the Bank of Japan’s (BoJ) decision to leave policy unchanged has given the Nikkei 225 a boost.

BoJ holds out on rate change as unconvincing inflation and wage growth data fail to move the needle. Q1 wage negotiations will be key, as will inflation. JPY down, Nikkei up

Australian Dollar is in a good place fundamentally to continue its recent gains against the Greenback. The technical picture however hints at a brief retracement before bullish continuation.

Oil prices received a shot in the arm this morning as increased attacks on ships in the Red Sea intensify. A sign of things to come in 2024?

Speculation around a policy pivot from the BoJ has eased this last week but is likely to re-emerge in Q1 2024 as labour market data provides a clearer picture. USD/JPY edges up

BoJ Rounds up Central Bank Meetings and Final Inflation Figures are Due

German companies are turning more pessimistic about the economy, according to the latest Ifo report, and this will add to calls for the ECB to loosen monetary policy sooner rather than later in 2024.

​​Outlook on FTSE 100, DAX 40 and S&P 500 ahead of German Ifo business climate

Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.

Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.

The November U.S. PCE report will be key for the U.S. dollar in the short term. Weaker-than-expected numbers could reinforce the greenback's recent decline, but strong numbers could trigger a bullish reversal.

Gold and silver turned early losses into respectable gains at the end of the week, driven by a dovish Federal Reserve outlook for the coming year.

A rather hawkish ECB statement probably sits somewhere between the BoE and the Dovish Fed, keeping the euro supported. What is likely to drive euro pairs next week?

The Bank of England this week reiterated their battle against inflation is far from over, leaving Sterling propped up by higher-for-longer rate expectations.

Gold’s bullish momentum fades as New York Fed President John Williams contradicts Chairman Powell’s comments at the December FOMC meeting, but this may be more about damage control rather than a strategy shift.

The latest HCOB flash PMIs confirm that the Euro Area economy is struggling and any continuation of this trend will bring talk of sooner-rather-than-later ECB rate cuts back into focus

​​Outlook on FTSE 100, DAX 40 and S&P 500 amid $5 trillion triple witching

Markets expect fewer interest rate cuts for the UK in 2024 than in the US. This, along with a hawkish BoE statement has helped buoy sterling into the end of the week