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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