Market Volatility Continues as Key Central Bank Figures Speak

📆 04/12/2024 12:18:00
📰 FXStreetNews

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Economy News

FOREX MARKETS,US DOLLAR INDEX,CENTRAL BANK SPEECHES

Foreign exchange markets are experiencing choppy conditions as investors await speeches from central bank leaders and key economic data releases. This includes remarks from the Bank of England, European Central Bank, and Federal Reserve officials, alongside the ADP Employment Change and ISM Services PMI reports. The US Dollar has seen minor declines, with the USD Index fluctuating below 106.50, while US stock index futures are trading positively.

Here is what you need to know on Wednesday, December 4: The action in foreign exchange markets remain choppy early Wednesday as investors refrainfrom taking large positions ahead of key events. Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde and Federal Reserve Chairman Jerome Powell will be delivering speeches later in the day. The US economic calendar will feature ADP Employment Change and ISM Services PMI data for November.

6450. After closing the second consecutive day virtually unchanged on Tuesday, USD/JPY gains traction and trades in positive territory above 150.00 early Wednesday. Gold failed to make a decisive move in either direction and closed virtually unchanged on Tuesday. XAU/USD extends its sideways grind below $2,650 in the European morning on Wednesday.

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