Monthly Archives: December 2024
Euro Faces Headwind as France Political Crisis Arises
Written on December 29, 2024 at 11:38 pm, by
Market Summary The euro traded largely unchanged after the French government was ousted in a no-confidence vote led by far-right leader Marine Le Pen. The anticipated outcome saw Prime Minister Élisabeth Borne lose parliamentary support, casting uncertainty over the next chapter of French politics, which may weigh further on the euro. Meanwhile, the U.S. dollarContinue Reading
Oil Jumps Ahead of OPEC Meeting
Written on December 29, 2024 at 11:37 pm, by
Market Summary The U.S. dollar held steady in the last session, with the dollar index (DXY) hovering near the 106.45 resistance level. The JOLTs job openings data exceeded market expectations at 7.744 million, yet investors adopted a cautious stance ahead of Friday’s critical Nonfarm Payrolls (NFP) report. Meanwhile, the euro recorded modest gains as politicalContinue Reading
Upbeat U.S. PMI Boost Dollar
Written on December 29, 2024 at 11:36 pm, by
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK and Eurozone weighedContinue Reading
