NZDUSD remains range-bound amid uncertainty, with traders watching US PPI. Key levels include 0.5850 resistance and 0.5680 support.
The Bank of Canada cut its policy rate to 2.75% and may lower it further due to economic uncertainties.
The IfW Kiel Institute forecasts German economic stagnation in 2025 but expects 1.5% growth in 2026 from spending.
USD is expected to trade between 147.60 and 148.90 JPY short term, with a neutral outlook.
European stocks decline; Eurostoxx down 0.3%. US futures also fall as markets await key economic data.
Silver fell to $33.02 per ounce, down 0.42%. Influencing factors include interest rates, demand, and economic conditions.
Eurostoxx and DAX futures drop 0.2%, S&P 500 down 0.5%, as traders await US PPI data.
Global oil supply may surpass demand by 600,000 bpd, with U.S. leading 2025 growth amid OPEC+ adjustments.
S&P 500 and Nasdaq futures fall, tech stocks lead decline, risk sentiment weakens, cautious market atmosphere persists.
The Euro is expected to range trade, with overbought conditions limiting gains and support near 1.0820.
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