French economy pocket atlas - December 2024
This section provides a monthly overview of the main economic data for France and a comparison with other European...
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Palladium market balanced this year and next according to leading producer – Commerzbank
The world's largest Palladium producer from Russia expects an almost balanced Palladium market in 2024, according to a press release published this week, Commerzbank’s commodity analyst Carsten Fritsch...
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USD trades mixed versus majors – Scotiabank
The US Dollar (USD) is ending the week on a mixed note. But the Dollar Index (DXY) is tracking lower from its intraday high, reflecting a rebound in the EUR from early session lows, and that does leave a bit of a dent in the short-term technical outlook for the index and might point to broader losses developing over the next day or so, Scotiabank’s Chief FX Strategist Shaun Osborne...
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USD/CHF aims to revisit 0.8950 as SNB to cut rates further
The USD/CHF pair aims to revisit a five-month high of 0.8960 in Friday’s North American...
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EUR/GBP rallies to levels near 0.8300 after disappointing UK data
The Euro is rallying for the second consecutive day on Friday and approaches the 0.8300 level after bouncing from a two-year low at 0.8225 earlier this...
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The week in review, and a new French PM
The October growth figure for the UK ecoomy defied expectations for a 0.1% rise, and instead registered a 0.1% decline in...
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Friday the 13th cometh
USD: Dec '24 is Up at 106.960. Energies: Jan '25 Crude is Up at...
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ECB's Centeno: Level of interest rates in Euro area remains restrictive
European Central Bank (ECB) policymaker Mario Centeno noted on Friday that the ECB's decision to lower key rates by 25 basis points (bps) was "absolutely consensual," per...
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Week ahead: Fed expected to cut, while BoE set to remain on hold, as UK economy contracts again
Fed rate decision – 18/12 – This week it’s widely anticipated that the Federal Reserve will cut its main benchmark rate again for the 3rd time this year, following on from the 50bps cut in September and the 25-point reduction in November, cutting the main rate to 4.5% and hopefully bringing further relief to the US economy in the form of lower long-term...
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USD/JPY hits two-week highs near 153.50 as BoJ tightening hopes fade
The US Dollar is trading higher on Friday, approaching the 153.50 area supported by the widening gap between US and Japanese Treasury yields, as hopes of a BoJ hike next week...
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USD/CNH: Expected to trade in a 7.2550/7.2900 range – UOB Group
US Dollar (USD) is expected to trade in a 7.2550/7.2900...
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Crude Oil struggles with $70.00 round level amid bleak 2025 outlook
Crude Oil trades roughly flat near $70.00 on Friday as investors remain reluctant to add to the rally seen earlier in the week. The OPEC+ report was a good element for Oil prices to head higher, but traders are still warning for the 2025 projections...
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USD/JPY: The next level to watch is 154.00 – UOB Group
US Dollar (USD) is expected to trade with an upward bias, but is unlikely to reach the major resistance at...
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USD/CHF: Upside risk on the cards – OCBC
SNB surprised with a 50bp cut to bring policy rate to...
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CAD: Canada mulls tariff response – Scotiabank
The Canadian Dollar (CAD) remains under pressure into the end of the week amid rising trade...
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Week ahead – Fed, BoJ and BoE conclude end-year policy decisions [Video]
Fed seen taking the sidelines in January Following the RBA, the BoC, the SNB and the ECB, the central bank bonanza continues next week, with the Fed on Wednesday, and the BoJ and the BoE on...
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Fed’s interest rate decision in focus
As the week is about to come to an end, we open a window at what next week has instore for the...
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Croatia: Stage set for another solid year
Fresh GDP data confirmed that the solid economic momentum extended into 2H24 (3Q GDP at 3.9% y/y), as growth remained dominated by the strong domestic...
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US Dollar falls flat, possible sixth straight trading day with gains
The US Dollar (USD) extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks, driven by signs of lingering inflation pressures in the US and prospects of further monetary policy easing in two of the US main trading partners: China and the...
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Weekly focus: It is the season for rate cuts
As economic data continues to confirm that the inflation problem is more or less over, there is no longer a need for central banks to maintain restrictive levels of interest...
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Japan's Tankan was uninspiring and UK disappoints with contracting economy in October
Overview: The US dollar is mixed against the G10 and emerging market currencies to finish out the...
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Gold price falls below $2,700 again – Commerzbank
The Gold price reached its highest level since the US presidential election five weeks ago at $2,725 per troy ounce yesterday, but then fell back below the $2,700 mark, Commerzbank’s commodity analyst Carsten Fritsch...
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USD/SGD: Consolidation likely near term – OCBC
USD/SGD continued to inch higher, tracking broader USD strength while softer EUR and RMB...
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USD/CNH: Set to consolidate in recent range – OCBC
USD/CNH stayed bid but largely capped below 7.30. Pair was last at 7.2830 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong...
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DXY: Focus next on FOMC next week – OCBC
Dollar Index (DXY) continued to go higher on better-thanexpected PPI and softer EUR, following ECB...
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Mexican Peso drifts lower as the Dollar appreciates across the board
The Mexican peso holds onto recent losses against a stronger US...
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NZD/USD: Has a small chance to reach 0.5740 – UOB Group
New Zealand Dollar (NZD) is likely to drift lower; any decline is unlikely to reach...
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