Market Roundup
• US Redbook (YoY): 7.6%, 7.2% previous.
• US S&P/CS HPI Composite-20 n.s.a. (MoM) (Oct): -0.3%, -0.5% forecast.
• US S&P/CS HPI Composite-20 n.s.a. (YoY) (Oct): 1.3%, 1.1% forecast, 1.4% previous.
• US S&P/CS HPI Composite-20 s.a. (MoM) (Oct): 0.3%, 0.2% previous.
• US House Price Index (YoY) (Oct): 1.7%, 1.8% previous.
• US House Price Index (Oct): 436.7, 435.2 previous.
• US House Price Index (MoM) (Oct): 0.4%, 0.1% forecast, -0.1% previous.
• US Chicago PMI (Dec): 43.5, 39.8 forecast, 36.3 previous.
• U.S. Baker Hughes Oil Rig Count: 412, 409 previous.
• U.S. Baker Hughes Total Rig Count: 546, 545 previous.
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro slipped on Tuesday as the dollar strengthened following the release of the Federal Reserve’s December meeting minutes. The minutes from the Fed’s Dec. 9-10 session showed that the central bank approved a rate cut only after a detailed debate on current U.S. economic risks. New projections indicated just one rate cut is expected next year, while the policy statement suggested the Fed is likely to hold rates steady until data show either inflation easing or unemployment rising more than anticipated. The dollar index, which measures the greenback against a basket of currencies, rose 0.19% to 98.19, while the euro was down0.18% at $1.1751. Immediate resistance can be seen at 1.1793(23.6%fib), an upside break can trigger rise towards 1.1828(Higher BB).On the downside, immediate support is seen at 1.1731(38.2%fib), a break below could take the pair towards 1.1680(50%fib).
GBP/USD: Sterling slipped on Tuesday as the dollar strengthened following the release of the Federal Reserve’s December meeting minutes. The minutes revealed that the Fed approved a rate cut only after a closely debated discussion on U.S. economic risks. Some officials who backed the cut noted that the decision was finely balanced, with the alternative of keeping rates unchanged still viable. In the economic projections from the December 9-10 meeting, six officials opposed a cut, and two of them dissented as voting members of the Federal Open Market Committee .Immediate resistance can be seen at 1.3499(23.6%fib), an upside break can trigger rise towards 1.3529(Higher BB).On the downside, immediate support is seen at 1.3405 (38.2%fib), a break below could take the pair towards 1.3338(50%fib).
USD/CAD: The Canadian dollar weakened on Tuesday as the U.S. dollar gained following the release of the Federal Reserve’s December meeting minutes. The minutes showed most Fed officials supported a rate cut, but debates over U.S. economic risks highlighted deep divisions among policymakers. Geopolitical tensions also weighed on markets, with Russian President Vladimir Putin warning that Russia’s stance in negotiations would harden after accusing Ukraine of attacking his residence in Roshchino an accusation Kyiv denies, calling it a fabrication to stall peace talks. Trading volumes are expected to remain light this holiday-shortened week, with U.S. markets closed Thursday for New Year’s Day. Immediate resistance can be seen at 1.3709 (Daily high), an upside break can trigger rise towards 1.3775 (SMA 20).On the downside, immediate support is seen at 1.3646(23.6%fib), a break below could take the pair towards 1.3616 (Lower BB).
USD/JPY: The U.S. dollar edged higher on Tuesday after the release of the Federal Reserve’s December meeting minutes, which showed the Fed approved a rate cut only after a detailed debate on current economic risks. Ahead of the New Year holiday, market activity remained light. Earlier data showed U.S. home prices in October rose at the slowest annual pace in over 13 years, according to the Federal Housing Finance Agency. The yen slipped 0.2% to 156.39 per dollar, though it has recently strengthened from levels that prompted Tokyo officials to signal a possible Bank of Japan intervention. Immediate resistance can be seen at 157.80(23.6%fib) an upside break can trigger rise towards 158.00(Psychological level) .On the downside, immediate support is seen at 155.91 (SMA 20) a break below could take the pair towards 155.61 (38.2%fib).
Equities Recap
European stocks closed at a record for the second straight session on Tuesday, driven by gains in banking and commodity-linked shares, though overall advances were limited by thin year-end trading.
UK's benchmark FTSE 100 closed up by 0.75 percent, Germany's Dax ended up by 0.57 percent, France’s CAC finished the day up by 0.69 percent.
U.S. stocks fell on Tuesday, while gold rebounded on the penultimate trading day of 2025.
Dow Jones closed down by0.20 % percent, S&P 500 closed down by 0.14 % percent, Nasdaq settled down by 0.24% percent.
Commodities Recap
Precious metals rebounded on Tuesday, after falling sharply in the previous session, as the market refocused on geopolitical and economic risks, reigniting gold's rally to cap its best year since 1979.
Spot gold rose 0.8% to $4,364.70 per ounce at 2:07 p.m. ET (1907 GMT). On Monday, it recorded its biggest daily percentage loss since October 21 as profit-taking pushed it down from Friday's record high of $4,549.71.
Oil held steady on Tuesday after a choppy session, as investors weighed fading hopes for a Russia-Ukraine peace deal and rising geopolitical tensions in Yemen.
Brent crude futures for February delivery , which expire on Tuesday, settled down 2 cents, or 0.03%, at $61.92 a barrel.
