FX Weekly Recap: December 16 – 20, 2024
Forex traders were on their toes throughout the week, as another batch of major central bank announcements and a busy economic calendar rocked the markets.
Forex traders were on their toes throughout the week, as another batch of major central bank announcements and a busy economic calendar rocked the markets.
Thailand’s financial watchdog “will block access” to five unlicensed cryptocurrency exchanges, including Bybit and OKX, in the latest effort to curb illicit financial activity and protect domestic investors. The order, which takes effect on June 28, is reportedly in line with updated legal powers granted under new cybercrime legislation. The Office of the Securities and…
ATFX proudly continued its long-standing support of The Duke of Edinburgh Cup, with the first 2025 event held at Steyn City in Johannesburg, South Africa. Attended by golf enthusiasts from various countries, this memorable event featured golf competitions, networking opportunities, and social gatherings. The event kicked off with a Welcome Party at Nineteen by…
Prior +0.2% CPI M/M -0.2% vs -0.2% expected Prior -0.1% Core CPI Y/Y +0.7% vs +0.7% prior The agency notes: “The 0.2% decrease compared with the previous month is due to several factors including lower prices for supplementary accommodation and hotels, along with those for international package holidays and air transport. The hire of private…
Investing.com — The dollar recently notched fresh year-to-date highs against its rivals and is likely to remain strong after the Federal Reserve leaned more hawkish at its recent December meeting, analysts from UBS said in a recent note. “While we still expect the dollar to fall, we now see less weakness in 2025 given these…
When tensions flare in the Middle East, traders hold their breath. When a ceasefire breaks through, markets exhale. So it’s no surprise when the Gaza War ceasefire between Israel and Hamas ended two years of tragic conflict, it sent immediate ripples across global markets, most notably in oil & gold prices. Let’s quickly break it…
European markets retreated on Friday, with both the STOXX 50 and the STOXX 600 dropping approximately 1%. This decline erased earlier momentum, leaving the benchmarks largely flat for the week. The downturn was most pronounced in consumer cyclicals, consumer defensives, and the financial sector. Notable laggards included Siemens (-2.9%), L’Oréal (-2.4%), and Banco Santander (-2.3%),…