Elevated Treasury yields, higher oil prices and a gridlock in the US government funding bill serve as prevailing risks for markets to digest.
Source
Asia Day Ahead: AUD/USD Stuck in a Range, Silver Eyes retest of Trendline Support
access_timeDecember 28, 2024
Latest:
- USDJPY dip holds above the 100 hour MA
- EURUSD falls back below the 200 hour MA after break higher fails
- US stocks extend fall. Nasdaq down over 2%. Dow down -1%
- PBOC sets USD/ CNY reference rate for today at 7.1893 (vs. estimate at 7.2981)
- Japan inflation data and BoJ December summary raise expectations of a January rate hike
- PBOC is expected to set the USD/CNY reference rate at 7.2981 – Reuters estimate
- BoJ December 2024 Summary of Opinions – ‘Gradual increase in CPI’
- Economic calendar in Asia 27 December 2024 – Japan (Tokyo) inflation, BOJ meeting Summary
- AUDEUSD skims along near th e low for the year.
- EURUSD trades to new highs and back above the 50% midpoint on the daily chart
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