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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: Non-agricultural, CPI, and index rebalancing are all at once!". Hope this helps you! The original content is as follows:
On December 15, financial markets were relatively calm on Monday after last week's volatile market conditions, as investors prepared for upcoming central bank activities and the release of key data later this week. Later in the day, Statistics Canada will release consumer price index (CPI) data for November. Market participants will also be closely watching jq.xmxmxm.cnments from Fed officials.
After the Federal Reserve released its policy last Wednesday, the U.S. dollar (USD) index fell sharply, closing in negative territory for the third consecutive week. Earlier Monday, the U.S. dollar index was trading sideways just below 98.50. On Tuesday, the U.S. Bureau of Labor Statistics will release nonfarm payrolls (NFP) data for October. Meanwhile, U.S. stock index futures rose about 0.3% in early European trading, reflecting a positive mood in market risk. Ukrainian President Volodymyr Zelensky offered to abandon his long-held desire to join Nato as he held five hours of talks with U.S. envoys in Berlin aimed at ending the war with Russia, Reuters reported on Sunday, with talks expected to resume on Monday.
After falling more than 0.3% last week, USD/CAD started the European trading day firmly above 1.3750. Canada's annual CPI inflation rate is expected to rise to 2.4% in November from 2.2% in October.
EUR/USD closed above 1.1700 last week after a three-day rebound. Earlier on Monday, the pair remained in a consolidation phase below 1.1750. On Thursday, the European Central Bank (ECB) will announce its monetary policy decision.
Japanese jq.xmxmxm.cnpanies pointed out that the easing of uncertainty in U.S. trade policy and the resilience of demand in high-tech industries are key factors supporting business confidence., a senior Bank of Japan official jq.xmxmxm.cnmented during the short survey. After rising slightly last week, USD/JPY continues to jq.xmxmxm.cne under bearish pressure, falling to 155.00 in early trading on Monday, down around 0.5% on a daily basis.
After approaching 1.3440, the highest point since mid-October on Thursday, GBP/USD adjusted downward and closed slightly lower on Friday. The pair struggled to regain momentum and was trading within a narrow channel above 1.3350 during early European trade on Monday. The Bank of England (BoE) will announce its interest rate decision on Thursday.
Gold remains bullish after rising more than 2% last week, rising to $4,350 in early European trading.
Euro: The intraday bias of EUR/USD is still slightly higher. Further gains are expected to retest the 1.1917 high. A decisive breakout here would resume the larger uptrend. For now, as long as the 1.1614 support level holds, risks will remain elevated to prevent a pullback.
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