Trading news

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS).

Pound Sterling (GBP) is likely to trade in a range between 1.3290 and 1.3350. In the longer run, a break below 1.3265 would indicate that the advance in GBP from late last month has come to an end, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Euro (EUR) slipped as short-dated US yields dominated market action, overshadowing Schnabel’s supportive remarks.

Standard Chartered's renminbi internationalization tracker rebounded in September-October after falling in August. Offshore deposits, Dim Sum bonds and foreign holdings of onshore RMB assets were key contributors.

The New Zealand Dollar is trading higher for the third consecutive day on Tuesday, yet upside attempts remain limited below Monday’s highs, at the 0.5790 area.

EUR is likely to trade in a range between 1.1615 and 1.1665. In the longer run, upward momentum is starting to slow; a break below 1.1615 would indicate that EUR is not advancing further, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Pound Sterling (GBP) trades mixed against its major peers on Tuesday, facing pressure as traders remain increasingly confident that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 3.75% at its monetary policy meeting next week.

As expected, the Reserve Bank of Australia (RBA) decided to leave the cash rate target unchanged at 3.60% at its last meeting for the year. The decision was unanimous across the 9-member board.

EUR/USD posts marginal gains on Tuesday, trading at 1.1650 at the time of writing, after bouncing from 1.1616 lows seen on Monday.

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $58.55 per barrel, down from Monday’s close at $58.69.

Germany Trade Balance s.a. above expectations (€15.2B) in October: Actual (€16.9B)

The EUR/GBP cross posts modest gains near 0.8735 during the early European trading hours on Tuesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) amid expectations that the Bank of England (BoE) will cut interest rates in the policy meeting next week. 

Germany Exports (MoM) came in at 0.1%, above expectations (-0.2%) in October

Germany Imports (MoM) registered at -1.2%, below expectations (0.2%) in October

Here is what you need to know on Tuesday, December 9:

Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that certainty of central bank's outlook materialising is increasing gradually. Ueda added that he will adjust degree of monetary easing if economic and prices trends move in line with forecasts.

Silver price (XAG/USD) trades in a tight range around $58.00 during the late Asian trading session on Tuesday. The white metal turns sideways as investors await the monetary policy announcement by the Federal Reserve (Fed), scheduled for Wednesday.

The EUR/USD pair gains ground to near 1.1645 during the early European session on Tuesday. The prospect of a US interest rate cut on Wednesday weighs on the US Dollar (USD) against the Euro (EUR).

Netherlands, The Consumer Spending Volume remains at 0.8% in October

Netherlands, The Consumer Price Index n.s.a (YoY) fell from previous 3.1% to 2.9% in November