Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
11 Dec 2024

Forex Today: Market players eye Australia’s jobs data, ahead of US PPI and jobless claims

The US Dollar surges as inflation data in the United States holds steady, with traders anticipating a quarter-point interest rate cut by the Federal Reserve next week. Investors await upcoming US data as they remain doubtful about the Fed’s upcoming monetary policy decision.

Here’s what you need to know on Thursday, December 12:

The US Dollar Index (DXY), which tracks the performance of a basket of six peers against the buck, rallies past 106.50, up 0.28%, underpinned by high US Treasury bond yields. The US Producer Price Index (PPI), followed by the release of Initial Jobless Claims, would be the “latest” volatility triggers ahead of the Fed’s December monetary policy meeting.

EUR/USD downtrend extended for the second consecutive day, posting weekly losses of almost 0.705, yet it remains hoovering around 1.0500 ahead of the European Central Bank (ECB) meeting on December 12.

GBP/USD trimmed its earlier losses amid a scarce economic docket, yet it remains afloat near 1.2750, with the Gross Domestic Product (GDP), the Goods Trade Balance and Industrial Production set to be known on December 13.

USD/JPY advanced steadily, bolstered by the jump in US Treasury yields. It cleared the 200-day SMA of 152.01 on Bloomberg sources indicating that the Bank of Japan might increase rates sooner rather than later ahead of next week’s BoJ policy meeting. The pair peaked at around 152.80.

AUD/USD found its foot during the session after plunging to a new year-to-date (YTD) low of 0.6336, following Tuesday’s RBA’s dovish hold. Market players’ focus shifted toward the Australian labor market data release on December 12.

USD/CAD failed to clear 1.4200 as the Bank of Canada delivered a “hawkish” cut, and Governor Tiff Macklem adopted a more gradual approach to upcoming monetary policy meetings. The pair is set to end the day with losses of over 0.14%.

Oil prices rallied sharply, with WTI soaring almost 3%. OPEC+ cut their 2024 and 2025 production forecasts on projections of economic weakness in China and India. WTI climbed past $70.00 per barrel.

Gold prices continued to ascend for the third consecutive trading day, peaking at around $2,721 a troy ounce, as investors digested soft US CPI data. Silver consolidates shy of $32.00, capped on the downside by the 50-day SMA, and with a clear path to extend its gains.

Dec 11, 2024

Dow Jones Industrial Average treads water after US CPI meets expectations

The Dow Jones Industrial Average (DJIA) spun in a tight circle on Wednesday, keeping close tabs on the 44,200 level after US Consumer Price Index (CPI) inflation broadly met market expectations.
Read more Previous
Dec 11, 2024

Brazil Interest Rate Decision above forecasts (12%): Actual (12.25%)

Brazil Interest Rate Decision above forecasts (12%): Actual (12.25%)
Read more Next