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Forex Today: Markets stay calm to start busy week
Forex Today: Markets stay calm to start busy week
Here is what you need to know on Monday, December 15:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
Capital flows out of the US after FED
Capital flows out of the US after FED
The FED’s week hasn’t brought any surprises to the market. The Federal Reserve had expectedly moved the interest rate down for one quarter a point, with 3 members voting against the decision, out o...
AUD/JPY Price Forecast: Bullish outlook remains intact near 103.00 despite weak China data
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.
AUDJPY
Crosses
Technical Analysis
Bullish
FX option expiries for 15 December 10am New York cut
FX option expiries for 15 December 10am New York cut
A look at what is on the board for today
Options
Forex
USD/CAD sees more downside below 1.3750 as traders assess Fed’s outlook for 2026
USD/CAD sees more downside below 1.3750 as traders assess Fed’s outlook for 2026
The USD/CAD pair trades vulnerably near its almost three-month low around 1.3750 during the late Asian trading session on Monday.
USDCAD
Fed
BOC
Inflation
Employment
WTI trades with positive bias above mid-$57.00s; upside potential seems limited
WTI trades with positive bias above mid-$57.00s; upside potential seems limited
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.
Oil
Commodities
Venezuela
RussianFederation
WTI
USD/INR continues its bull run amid consistent foreign outflows from India
USD/INR continues its bull run amid consistent foreign outflows from India
The Indian Rupee (INR) starts the week on a bearish note against the US Dollar (USD), extends its losing streak for the third trading day.
USDINR
India
Fed
UnitedStates
SEO
What are the main events for today?
What are the main events for today?
The Canadian CPI is the main highlight
market overview
investingLive Asia-Pacific FX news wrap: Yen moves higher on BoJ data & expectations
investingLive Asia-Pacific FX news wrap: Yen moves higher on BoJ data & expectations
Financial market news for Asian trading on Monday, December 15, 2025
Session wrap
Wrap Asia
India Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold
India
Commodities
Metals
Citi forecasts 2 RBA rate hikes in 2026, February followed by May, as inflation risks rise
Citi forecasts 2 RBA rate hikes in 2026, February followed by May, as inflation risks rise
The shift reinforces a hawkish turn in Australian rates pricing, supporting higher front-end yields and increasing sensitivity in AUD to incoming inflation and labour-market data.
RBA
AUD
Indian rupee hits record low, downtrend remains despite likely RBI intervention
Indian rupee hits record low, downtrend remains despite likely RBI intervention
The move reinforces expectations of continued INR downside pressure, with the Reserve Bank of India focused on smoothing volatility rather than defending a fixed level amid strong U.S. dollar dynamics.
Silver Price Forecast: XAG/USD bounces off 100-hour SMA; sticks to gains near $62.50
Silver Price Forecast: XAG/USD bounces off 100-hour SMA; sticks to gains near $62.50
Silver (XAG/USD) attracts fresh buyers at the start of a new week and reverses a part of Friday's retracement slide from the all-time peak, around the $64.65 region.
Silver
Commodities
Technical Analysis
XAGUSD
China yuan hits 14-month high even as weak consumer demand clouds economic growth outlook
China yuan hits 14-month high even as weak consumer demand clouds economic growth outlook
The stronger yuan reflects policy support and export resilience, but soft domestic data reinforce expectations for further fiscal and demand-side easing in 2026.
CNY
China
CNH
AUD/USD trades lower around 0.6650 amid unexpectedly weak China data
AUD/USD trades lower around 0.6650 amid unexpectedly weak China data
The AUD/USD pair trades 0.10% lower to near 0.6645 during the Asian trading session on Monday. The Aussie pair is under pressure as the National Bureau of Statistics of China has reported unexpectedly weak Chinese Retail Sales and Industrial Production data for November.
AUDUSD
Employment
Fed
DollarIndex
China
Japanese Yen adds to strong gains and drags USD/JPY to 155.00 amid hawkish BoJ bets
Japanese Yen adds to strong gains and drags USD/JPY to 155.00 amid hawkish BoJ bets
The Japanese Yen (JPY) extends its steady intraday ascent through the Asian session on Monday, dragging the USD/JPY pair to the 155.00 psychological mark in the last hour.
USDJPY
BOJ
InterestRate
Fed
SEO
NZD/USD declines below 0.5800 on weak Chinese data
NZD/USD declines below 0.5800 on weak Chinese data
The NZD/USD pair loses ground to around 0.5780 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar following the downbeat Chinese economic data.
Macroeconomics
Majors
NZDUSD
China
RetailSales
China signals more policy support (same old?) as economy 'stabilises' in November
China signals more policy support (same old?) as economy 'stabilises' in November
National Bureau of Statistics (NBS) official comments reinforce expectations for ongoing targeted stimulus, supporting a cautious outlook for Chinese assets while limiting near-term downside growth risks.
China Stock Market
China
BOJ Tankan and comments lift December hike odds, yen firms
BOJ Tankan and comments lift December hike odds, yen firms
The combination of resilient Tankan results and constructive BOJ commentary increases sensitivity to any December policy shift, with USD/JPY vulnerable to downside on hike expectations.
BOJ
JPY
RBNZ’s Breman: Economic outlook has evolved broadly similar to MPC’s expectations
RBNZ’s Breman: Economic outlook has evolved broadly similar to MPC’s expectations
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Monday that the economic outlook has evolved broadly in line with the Monetary Policy Committee’s expectations, with signs continuing to emerge that growth is recovering.
NewZealand
Macroeconomics
CentralBanks
RBNZ
RBNZ Governor Breman: If economy evolves as expected, current 2.5% rate likely remains
RBNZ Governor Breman: If economy evolves as expected, current 2.5% rate likely remains
Reserve Bank of New Zealand Governor Ann Breman does hint at a (low probability) further rate cut though.
RBNZ
NZD
China Nov Retail Sale (YoY) 1.3% (exp 2.9%) & Industrial Production (YoY) 4.8% (exp 5.0%)
China Nov Retail Sale (YoY) 1.3% (exp 2.9%) & Industrial Production (YoY) 4.8% (exp 5.0%)
Chinese economic activity data for November 2025
China Stock Market
China
Gold jumps to near seven-week highs as Fed rate cut bets grow, US jobs data in focus
Gold jumps to near seven-week highs as Fed rate cut bets grow, US jobs data in focus
Gold price (XAU/USD) climbs 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.
Commodities
Gold
XAUUSD
Macroeconomics
China November new house prices -0.4% m/m and -2.4% y/y
China November new house prices -0.4% m/m and -2.4% y/y
China November house prices continue the vicious downward spiral
China Stock Market
China
GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week
GBP/USD holds steady above mid-1.3300s as traders await key data and BoE this week
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.
GBPUSD
Fed
InterestRate
BOE
Currencies
PBOC sets USD/CNY reference rate at 7.0656 vs. 7.0638 previous
PBOC sets USD/CNY reference rate at 7.0656 vs. 7.0638 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0656 compared to Friday's fix of 7.0638.
USDCNY
PBOC
CentralBanks
Currencies
PBOC sets USD/ CNY reference rate for today at 7.0656 (vs. estimate at 7.0569)
PBOC sets USD/ CNY reference rate for today at 7.0656 (vs. estimate at 7.0569)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
EUR/USD trades with negative bias around 1.1730 amid recovering USD; downside seems limited
EUR/USD trades with negative bias around 1.1730 amid recovering USD; downside seems limited
The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for the day.
EURUSD
Fed
NFP
ECB
Currencies
BoJ official: Tankan survey shows easing trade fears but rising cost pressures
BoJ official: Tankan survey shows easing trade fears but rising cost pressures
Japanese firms cited easing uncertainty around US trade policy and resilient demand in high-tech sectors as key factors supporting business sentiment, according to comments from a senior Bank of Japan (BoJ) official on the Tankan survey.
Japan
Macroeconomics
BOJ
Ukraine offers to drop NATO bid as Trump envoy sees progress in peace talks — Reuters
Ukraine offers to drop NATO bid as Trump envoy sees progress in peace talks — Reuters
Ukraine’s President Volodymyr Zelenskiy offered to drop its long-held ambition of joining NATO as he held five hours of talks with US envoys in Berlin on Sunday to end the war with Russia, with talks expected to resume Monday, Reuters reported on Sunday.
RiskAversion
Ukraine
UnitedStates
PBOC is expected to set the USD/CNY reference rate at 7.0569 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.0569 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
BOJ official says Tankan shows easing trade fears but rising cost pressures
BOJ official says Tankan shows easing trade fears but rising cost pressures
Easing U.S. trade uncertainty, strong AI and chip demand and improved cost pass-through as positives in the BOJ’s Tankan survey, while warning that labour shortages, rising costs and weak consumption remain key risks.
BOJ
JPY
Sixteen killed in terror shooting at Bondi Beach — Bloomberg
Sixteen killed in terror shooting at Bondi Beach — Bloomberg
A mass shooting at Bondi Beach in the Australian city of Sydney has killed at least 16 people and wounded 40. The officials stated that the death toll includes two police officers and at least one child, Bloomberg reported on Sunday.
Australia
Macroeconomics
AUDUSD
UK asking house prices fall sharply in December, Rightmove says
UK asking house prices fall sharply in December, Rightmove says
The data point to lingering caution in the UK housing market, reinforcing a soft near-term outlook while leaving scope for recovery if economic certainty improves.
Breaking: China’s November Retail Sales increase 1.3%, Industrial Production up 4.8%
Breaking: China’s November Retail Sales increase 1.3%, Industrial Production up 4.8%
China’s Retail Sales rose 1.3% year-over-year (YoY) in November vs. 2.9% expected and 2.9% in October, the latest data released by the National Bureau of Statistics (NBS) showed Monday.
Breaking
AUDUSD
RetailSales
China
Macroeconomics
Japan's Large Manufacturing Index rises to 15.0 in the fouth quarter (Q4) of 2025 – Tankan survey
Japan's Large Manufacturing Index rises to 15.0 in the fouth quarter (Q4) of 2025 – Tankan survey
Business confidence at large manufacturers in Japan rose to 15.0 in the fourth quarter (Q4) of 2025 from 14.0 in Q3, according to the Bank of Japan's quarterly Tankan survey on Tuesday. This reading came in line with the market consensus.
Japan
Macroeconomics
Manufacturing
EconomicIndicator
China to issue ultra-long-term special government bonds next year — Bloomberg
China to issue ultra-long-term special government bonds next year — Bloomberg
China’s finance ministry said that the government planned to issue ultra-long-term special government bonds in 2026, with proceeds used to support key national strategies and security initiatives, Bloomberg reported on Saturday. 
China
Macroeconomics
FiscalPolicy
USD/JPY weakens below 156.00 amid Fed rate cut outlook, BoJ rate hike anticipation
USD/JPY weakens below 156.00 amid Fed rate cut outlook, BoJ rate hike anticipation
The USD/JPY pair trades on a negative note near 155.75 during the early Asian session on Monday. The US Dollar (USD) softens against the Japanese Yen (JPY) amid the prospect of interest rate cuts by the US Federal Reserve (Fed) next year.
USDJPY
Majors
Macroeconomics
BOJ
Broker Rebates