Trading news

US President Donald Trump used a series of social media posts to outline his views on inflation, interest rates, and Federal Reserve (Fed) leadership, emphasizing a strong preference for lower rates and close alignment between monetary policy and market performance.

United States 5-Year Note Auction rose from previous 3.562% to 3.747%

National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve (Fed) is moving too slowly in cutting interest rates, despite evidence that the U.S. economy is growing much faster than expected.

The Australian Dollar (AUD) extends gains against the US Dollar (USD) on Tuesday after the Reserve Bank of Australia’s Meeting Minutes showed policymakers discussed the risk that interest rates may need to rise if inflation remains persistent.

US stocks extended their recent rally on Tuesday, with major indexes posting a fourth consecutive day of gains as investors continued to favor artificial intelligence–related names during a holiday-shortened trading week.

United States 52-Week Bill Auction fell from previous 3.46% to 3.38%

USD/JPY trades around 156.40 on Tuesday at the time of writing, down 0.40% on the day. The pair remains under pressure despite a US Dollar (USD) supported by a string of better-than-expected US data, as the move is largely offset by renewed strength in the Japanese Yen (JPY).

The British Pound (GBP) pares earlier gains against the US Dollar (USD) on Tuesday as traders digest a mixed batch of US economic data. At the time of writing, GBP/USD trades around 1.3478, easing slightly after climbing to its highest level since October 1, near 1.3518.

Citing a filing from the US Trade Representative's office, Reuters reported on Tuesday that the US will set new tariffs on semiconductors from China. According to the document, the initial tariff level of 0% will increase in 18 months to a rate to be announced later.

Consumer sentiment in the United States weakened for the fifth consecutive month in December, with the Conference Board's Consumer Confidence Index declining to 89.1 from 92.9 in November.

AUD/USD trades around 0.6680 on Tuesday at the time of writing, up 0.40% on the day. However, the pair is slightly off a three-month high of 0.6700 reached earlier in the day, with the pullback triggered by better-than-expected US economic releases that provided fresh support to the US Dollar.

United States Richmond Fed Manufacturing Index in line with forecasts (-7) in December

The Euro (EUR) holds steady against the US Dollar (USD) on Tuesday as traders digest a mixed slate of US economic data. At the time of writing, EUR/USD trades around 1.1773, retreating after touching an intraday high near 1.1802.

United States Industrial Production (MoM) registered at -0.1%, below expectations (0.1%) in October

United States Capacity Utilization meets forecasts (75.9%) in October

United States Capacity Utilization came in at 76%, above expectations (75.9%) in November

United States Industrial Production (MoM) came in at 0.2%, above expectations (0.1%) in November

United States Redbook Index (YoY) increased to 7.2% in December 19 from previous 6.2%

Durable Goods in the US decreased $6.8 billion, or 2.2%, to $307.4 billion in October, the US Census Bureau reported on Tuesday. This print followed the 0.7% increase recorded in September and came in worse than the market expectation for a decrease of 1.5%.

United States Durable Goods Orders below expectations (-1.5%) in October: Actual (-2.2%)