Trading news

The USD/JPY pair attracts some sellers near 154.80 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) amid growing speculation that the Bank of Japan (BoJ) will hike rates to 0.75% on Friday. 

New Zealand Current Account - GDP Ratio climbed from previous -3.7% to -3.5% in 3Q

United States API Weekly Crude Oil Stock down to -9.3M in December 12 from previous -4.8M

The US President Donald Trump is set to interview Fed Governor Christopher Waller on Wednesday, for the top Fed job, according to people familiar to that matter, revealed the Wall Street Journal.

New Zealand Current Account (QoQ) registered at $-8.37B, below expectations ($-8.1B) in 3Q

EUR/USD holds firm at around 1.1750, virtually flat after the latest US jobs report reinforced the chances that the Federal Reserve (Fed) could continue its easing cycle into next year. At the time of writing, the pair posted minuscule losses of 0.04%.

On Tuesday, the Atlanta Fed President Raphael Bostic released a blog post called FOMC’s credibility on inflation could be at stake, at the Atlanta Fed website.

The US Dollar Index (DXY) tumbled below 98.00 on Tuesday, reaching its lowest level since mid-October. The Greenback faced intense selling pressure following a delayed labor report that revealed a significant softening in the US job market, overshadowing weak economic activity data from Europe.

Argentina Gross Domestic Product (YoY) came in at 3.3%, below expectations (3.5%) in 3Q

Gold (XAU/USD) reverses its course on Tuesday after traders digested the latest US jobs report, which highlighted the labor market weakness and pushed the yellow metal towards a daily high at $4,335 before reversing course, losing 0.23% at the time of writing. XAU/USD trades at $4,296.

West Texas Intermediate (WTI) Crude Oil remains under pressure on Tuesday, extending its decline for a fourth consecutive day as persistent oversupply concerns continue to dominate market sentiment.

The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Tuesday as the Greenback remains on the back foot following the release of the delayed October and November Nonfarm Payrolls (NFP) reports.

The GBP/USD surges 0.42% on Tuesday as the latest US jobs report revealed the labor mark weakness, while Retail Sales were unexpectedly unchanged from September figures, an indication of consumers’ resilience. At the time of writing, the GBP/USD trades at 1.3432 after reaching a daily low of 1.3355.

The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday after brief two-way volatility as traders digested the delayed US labour market and consumer spending data.

United States Business Inventories in line with expectations (0.2%) in September

The business activity in the United States' (US) private sector continued to expand in December, albeit at a softer pace than it did in November, with the S&P Global Composite Purchasing Managers' Index (PMI) declining to 53 from 54.2.

United States S&P Global Manufacturing PMI came in at 51.8 below forecasts (52) in December

United States S&P Global Services PMI registered at 52.9, below expectations (54.1) in December

United States S&P Global Composite PMI down to 53 in December from previous 54.2

New Zealand GDT Price Index dipped from previous -4.3% to -4.4%