Citigroup CFO Anticipates Fed Rate Cut Amid Robust Capital Markets Activity
Citigroup's CFO expects the Federal Reserve to announce a rate cut on Wednesday, signaling potential monetary easing. Meanwhile, capital markets remain active with rising leveraged finance and equity volumes, indicating strong investor engagement.
Pre-FOMC USD Price Action Setups: EUR/USD, GBP/USD, USD/JPY
The role of the Federal Reserve has adapted quite a bit in the past 30 years and it seems that we're at the forefront of even more adaptation as President Trump looks to mold the bank more to his liking, saying earlier today that rate cuts will be a key ‘litmus test' for choosing the next Fed chair. While Trump hasn't made a formal announcement, it's highly expected to be current Director of the National Economic Council Kevin Hassett, who has history as an uber-dove.
RBNZ Governor Breman Emphasizes Flexible Monetary Policy Approach
Reserve Bank of New Zealand Governor Breman stated that there is no predetermined monetary policy path, with the bank maintaining a strong focus on its core mandate. This suggests a flexible approach to future policy decisions based on economic conditions.
Japanese Yen Short-term Outlook: USD/JPY Surge Targets Yearly Open- Fed to Dictate Breakout
USD/JPY is on pace for a third-consecutive daily advance, with bulls now eyeing major resistance as traders brace for Wednesday's highly anticipated Federal Reserve interest rate decision. The December opening-range breakout keeps the near-term focus pointed higher, while converging technical levels around the yearly open highlight a critical barrier for the broader uptrend.
RBNZ Governor Breman Highlights Progress on Mandate and Focus on Economic Data
Reserve Bank of New Zealand Governor Breman stated that the bank has made significant progress toward achieving its mandate and is closely monitoring key economic indicators such as inflation and GDP. This signals the central bank's ongoing vigilance in managing monetary policy.
I Told You: Silver Soars Above $60 for the First Time in History
Silver's strength here is truly exceptional.
NY Fed Fully Accepts $0.102 Billion in Standing Repo Facility on Dec 09
The New York Federal Reserve accepted the full amount of $0.102 billion submitted to its Standing Repo Facility on December 9. This action reflects ongoing liquidity management by the Fed to ensure smooth functioning of the short-term funding markets.
Gold shrugs off solid US jobs print, surges above $4,200 on Fed easing hopes
Gold shrugs off solid US jobs print, surges above $4,200 on Fed easing hopes
Silver breaks above $60 for the first time; technicals point to further upside
Silver breaks above $60 for the first time; technicals point to further upside
Bank of America Euro to Dollar Forecast: End-2026 EUR/USD at 1.22
The Euro to Dollar (EUR/USD exchange rate has secured a net gains this in early December, but has not been able to break above the 1.1700 level. Bank of America (BoA) maintains a bearish stance on the dollar and expects that EUR/USD will secure further gains in 2026, although it has lowered its end-2026 forecast to 1.22 from 1.25.