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Tuesday, December 17, 2024

European Markets Wrap-Up: UK October ILO unemployment rate 4.3% vs 4.3% expected

UK October ILO unemployment rate 4.3% vs 4.3% expected

Prior 4.3% Employment change k vs 2k expected Prior 219k Average weekly earnings +5.2% vs +4.6% 3m/y expected Prior +4.3%; revised to +4.4% Average weekly earnings (ex bonus) +5.2% vs +5.0% 3m/y expec... 

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AUD/USD continues to flirt with key support level since last week

AUD/USD daily chart The pair is down 0.4% today and erasing the advance from yesterday, moving back to test the August low of 0.6347. We've been here before with the low last week touching 0.6336 but... 

China reportedly to target economic growth of around 5% in 2025

This comes after the meeting among top Chinese officials last week, via its central economic work conference. The economic target will be the same as this year, which China is largely expected to hit... 

USD/JPY eyes seven straight days of gains before the Fed tomorrow

USD/JPY daily chart The pair has been quietly making waves since last week, as it continues the upside run upon breaking is 200-day moving average (blue line). The rally from 150.00 to just above 154.... 

EUR/USD stays pinned down by key near-term levels for now

EUR/USD hourly chart There's not much appetite for traders to stray away from the prevailing price action to be honest. The euro remains on the softer side as the ECB reaffirms more rate cuts to follo... 

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Latest Forex Orders

FX option expiries for 17 December 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0525 level. It coincides with the 200-hour moving average currently, also seen at 1.0525. And tha... 

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