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Swiss government projects inflation to average 0.2% in 2025 and 2026
The report by State Secretariat of Economic Affairs on Economic Forecasts shows that the inflation is projected to average at 0.2% in 2025 and 2026, and is estimated to grow by 0.5% in 2027.
Japanese Yen sticks to strong intraday gains; USD/JPY seems vulnerable near 155.00
The Japanese Yen (JPY) sticks to its intraday gains through the early European session on Monday and seems poised to apprciate further amid hawkish Bank of Japan (BoJ) expectations.
Gold climbs to seven-week highs on Fed rate cut bets, safe-haven demand
Gold price (XAU/USD) rises to seven-week highs to near $4,350 during the early European trading hours on Monday. The precious metal extends its upside amid the prospect of interest rate cuts by the US Federal Reserve (Fed) next year.
USD/CHF flat lines near 0.7950 as traders await US employment reports
USD/CHF holds steady near 0.7960 during the early European session on Monday. However, the potential upside for the pair might be limited as markets turn cautious ahead of key economic data releases later this week. The US employment reports for October and November are due on Tuesday.
AUD/JPY Price Forecast: Bullish outlook remains intact near 103.00 despite weak China data
The AUD/JPY cross tumbles to near 103.15 during the early European session on Monday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) as China’s economic slowdown deepened in November, with Retail Sales and industrial output growth falling short of expectations.
West Texas Intermediate (WTI) US Crude Oil prices attract some buying during the Asian session on Monday and for now, seem to have snapped a two-day losing streak.
Pound Sterling Price News and Forecast: GBP/USD struggles to lure buyers amid a modest US Dollar uptick
The GBP/USD pair remains on the defensive during the Asian session on Monday, though it lacks bearish conviction and holds above the 200-day Simple Moving Average (SMA) pivotal support. Spot prices currently trade around the 1.3360 region, nearly unchanged for the day.
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