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Gold Price Forecast: XAU/USD slumps to near $4,270, US NFP takes centre stage
Gold Price Forecast: XAU/USD slumps to near $4,270, US NFP takes centre stage
Gold price (XAU/USD) trades 0.6% lower to near $4,270 during the European trading session on Tuesday. The yellow metal faces intense selling pressure as profit-booking kicks in after revisiting the all-time high above $4,350.
Gold
XAUUSD
Fed
NFP
UnitedStates
GBP softens as BoE rate cut looms – MUFG
GBP softens as BoE rate cut looms – MUFG
The Pound Sterling (GBP) weakened at the start of the week, pushing EUR/GBP closer to 0.8800.
Banks
GBPUSD
EURGBP
Technical Analysis
BOE
The Winklevoss Twins Just Launched Gemini Predictions in the US
The Winklevoss Twins Just Launched Gemini Predictions in the US
Gemini started offering prediction markets across the United States this week, capping a five-year effort to secure federal approval and entering a sector that has drawn billions in trading volume ...
gemini
prediction markets
USD/JPY dips ahead of expected BOJ hike – OCBC
USD/JPY dips ahead of expected BOJ hike – OCBC
USD/JPY softened as UST yields slipped, with the market largely pricing in a 25bp Bank of Japan (BOJ) hike this Friday and another in 2026.
USDJPY
Banks
Technical Analysis
BOJ
USDINR Technical Analysis: Key resistance reached, US NFP in focus next
USDINR Technical Analysis: Key resistance reached, US NFP in focus next
The USDINR pair reached the key resistance around the 91.00 handle, where we have the upper bound of the rising channel. What's next?
DXY: Fed officials signal preparedness for faster easing – OCBC
DXY: Fed officials signal preparedness for faster easing – OCBC
Fed officials highlighted the need for flexibility in monetary policy, with Miran cautioning that labor market weakness can emerge rapidly and Williams noting that policy is well positioned after last week’s rate cut.
DollarIndex
Banks
Technical Analysis
Fed
CNY gains 0.9% in November on trade-weighted basis – Commerzbank
CNY gains 0.9% in November on trade-weighted basis – Commerzbank
The Chinese Yuan (CNY) continued its steady appreciation, supported by a weaker US Dollar (USD), with USD/CNY falling to 7.0471. Banking sector foreign currency reserves rose further, reflecting efforts to moderate the pace of CNY gains while maintaining a high trade surplus.
Banks
China
USDCNY
PBOC
USDCNH
Eurozone ZEW Survey rises significantly to 33.7 in December vs. 26.3 estimates
Eurozone ZEW Survey rises significantly to 33.7 in December vs. 26.3 estimates
Eurozone ZEW Survey - Economic Sentiment jumps sharply to 33.7 in December. The sentiment indicator was expected to increase slightly to 26.3 from 25.0 in November.
Eurozone
EURUSD
USD/CNH approaches 7.00 despite weak Chinese data – ING
USD/CNH approaches 7.00 despite weak Chinese data – ING
USD/CNH nears 7.00, despite disappointing Chinese activity data.
Banks
Technical Analysis
USDCNH
USDCNY
China
NZD: NZ food prices fall, but inflation remains elevated – Commerzbank
NZD: NZ food prices fall, but inflation remains elevated – Commerzbank
Food prices in New Zealand fell by 0.4% in November compared with the previous month. However, they are still 4.4% higher than a year ago and therefore continue to pose a problem for the central bank.
NZDUSD
Banks
NewZealand
RBNZ
Technical Analysis
USD: US NFP release in focus for today – ING
USD: US NFP release in focus for today – ING
The highlight of today's session will be the 1430CET release of the delayed NFP jobs report. We will receive job hiring updates for both October and November, ING's FX analyst Chris Turner notes.
DollarIndex
Banks
Technical Analysis
Fed
JPY: Tankan reinforces case for BoJ rate hike – Commerzbank
JPY: Tankan reinforces case for BoJ rate hike – Commerzbank
The flash estimates for the Japanese purchasing managers' indices were somewhat weaker this morning than in the previous month. However, at 51.5, the composite PMI remained in expansionary territory.
USDJPY
Japan
BOJ
Banks
Major currencies little changed, eyes on US data
Major currencies little changed, eyes on US data
Not a whole lot taking place in the FX space so far today
Forex
USD
UK flash Composite PMI rises to 52.1, beats 51.4 estimates
UK flash Composite PMI rises to 52.1, beats 51.4 estimates
United Kingdom’s (UK) preliminary S&P Global Composite Purchasing Managers’ Index (PMI) comes in higher at 52.1 compared to expectations of 51.4 and the November's reading of 51.2. The Services and the Manufacturing PMI jumps to 52.1 and 51.2, respectively.
UnitedKingdom
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $63.15 per troy ounce, down 1.41% from the $64.06 it cost on Monday.
Silver
Commodities
Metals
USD/CNH breaks lower as downtrend accelerates – Société Générale
USD/CNH breaks lower as downtrend accelerates – Société Générale
USD/CNH has extended its decline after breaking below the lower boundary of a multi-month descending channel, reinforcing the broader bearish trend, Société Générale's FX analysts note.
Banks
Technical Analysis
USDCNH
UK December flash services PMI 52.1 vs 51.6 expected
UK December flash services PMI 52.1 vs 51.6 expected
Latest data release by S&P Global - 16 December 2025
Oil: Ceasefire hopes push Brent to six-month low – ING
Oil: Ceasefire hopes push Brent to six-month low – ING
Renewed optimism over a Russia-Ukraine ceasefire weighed on the Oil market yesterday. ICE Brent settled a little more than 0.9% lower, leaving it at $60.56/bbl -- the lowest close since May.
Oil
Banks
Commodities
Energy
WTI
United Fintech Scores Sixth Backer Days After Barclays Deal
United Fintech Scores Sixth Backer Days After Barclays Deal
United Fintech has accepted a minority investment from Dansk Vækstkapital, marking the fintech infrastructure provider's sixth institutional investor and second addition to its shareholder roster t...
United Fintech
Barclays
USD: Unusual Tuesday release for US jobs report – Commerzbank
USD: Unusual Tuesday release for US jobs report – Commerzbank
The US labour market report breaks with tradition by landing on a Tuesday, but expectations are modest, with job growth seen at just 50k and little change in unemployment.
DollarIndex
Banks
Employment
Technical Analysis
Fed
USD/CNH stays heavy despite weak China data – OCBC
USD/CNH stays heavy despite weak China data – OCBC
USD/CNH remains under pressure even as China’s activity data disappoints, with a fresh multi-month low in the daily fixing reinforcing a gradual RMB appreciation bias.
Banks
Technical Analysis
USDCNH
China
Italy November final CPI +1.1% vs +1.2% y/y prelim
Italy November final CPI +1.1% vs +1.2% y/y prelim
Latest data released by Istat - 16 December 2025
Elon Musk Hits $600 Billion Net Worth as SpaceX IPO Buzz Builds
Elon Musk Hits $600 Billion Net Worth as SpaceX IPO Buzz Builds
Elon Musk becomes the first person ever worth $600B. SpaceX’s potential IPO and Tesla’s stock gains are central to his wealth surge.
elon musk
Space X
IPO
Inside Prop Trading’s iGaming Psychology Engine
Inside Prop Trading’s iGaming Psychology Engine
Prop trading has become one of the fastest growing segments in retail finance, and its rise has created a new visual vocabulary across the industry.
prop trading
Pound Sterling outperforms on key UK data, US NFP eyed
Pound Sterling outperforms on key UK data, US NFP eyed
The Pound Sterling (GBP) extend its intraday upside move against its major currency peers on Tuesday, following the release of the United Kingdom (UK) preliminary S&P Global Purchasing Managers' Index (PMI) data for December, and the labour market data for the three months ending in October.
GBPUSD
Fed
Employment
BOE
SEO
EUR/USD ticks down from session highs as Eurozone PMIs disappoint
EUR/USD ticks down from session highs as Eurozone PMIs disappoint
EUR/USD has pulled back from session highs at 1.1764, and is trading practically flat on the daily chart, at 1.1750 at the time of writing, weighed by weaker-than-expected preliminary Manufacturing and Services Purchasing Managers Indexes (PMIs) data in the Eurozone and in some of its major economie
EURUSD
Currencies
Technical Analysis
Fundamental Analysis
SEO
IG Reports £271M in Net Trading Revenue as UK and Ireland Stock Volumes Nearly Double
IG Reports £271M in Net Trading Revenue as UK and Ireland Stock Volumes Nearly Double
IG Group posted its trading update for the three months ended November, showing growth across key segments, driven by CFD, stock, and retail trading.
retail
retail FX
IG Group
European indices hold lower at the open amid more cautious market mood
European indices hold lower at the open amid more cautious market mood
US futures continue to keep lower as well, with S&P 500 futures down 0.5%
What are the main events for today?
What are the main events for today?
All eyes on the US NFP report
market overview
GBP/JPY rebounds from over one-week low, back above 207.00 after UK jobs data
GBP/JPY rebounds from over one-week low, back above 207.00 after UK jobs data
The GBB/JPY cross prolongs its recent pullback from the 209.00 neighborhood or the highest level since August 2008, touched last week, and drifts lower for the fourth straight day on Tuesday.
GBPJPY
Employment
BOE
BOJ
Currencies
EUR/GBP trims gains below 0.8800 after UK labor market report
EUR/GBP trims gains below 0.8800 after UK labor market report
The EUR/GBP cross pares gains near 0.8785 during the early European session on Tuesday. The Pound Sterling (GBP) recovers some lost ground against the Euro (EUR) after the UK employment data.
EURGBP
Macroeconomics
Crosses
UnitedKingdom
Employment
PayPal Applies to Establish Bank Targeting US Retail and Small Business Lending
PayPal Applies to Establish Bank Targeting US Retail and Small Business Lending
PayPal has applied for approval to establish PayPal Bank, which would be able to offer loans to small businesses.
paypal
fintech
license
US banking license
Eurostoxx futures -0.5% in early European trading
Eurostoxx futures -0.5% in early European trading
A more defensive risk mood today in following up the gains from yesterday
Broctagon CRM Connects with Brokeree's Copy Trading Platform
Broctagon CRM Connects with Brokeree's Copy Trading Platform
Broctagon Fintech Group announced the connection between its AXIS FX CRM and Brokeree Solutions' copy trading software, combining client management tools with automated trade copying across multipl...
Brokeree Solutions
Broctagon Fintech Group
Broctagon
social trading
Broker Rebates