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📈 Forex Focus
Tuesday’s session kicked off with the release of the RBA and BoJ Minutes:
🇦🇺 RBA: Confirmed its hawkish stance from the December meeting. Progress on inflation was noted, though it remains above target. The bank sees reduced medium-term CPI growth risks, but uncertainties persist in the disinflationary trend.
🇯🇵 BoJ: Emphasised a cautious approach to raising rates, with expectations for moderate pace hikes. Governor Ueda highlighted that new wage survey data due in March/April could delay further rate increases.
📊 Asia-Pacific Markets
Mostly moderate gains in Asian stocks amid low holiday-season volumes.
🇨🇳 China: Announced plans to boost fiscal spending and accelerate its pace in 2025 at a national fiscal conference. Shanghai indices led the region, rising nearly 1.3%.
💰 Cryptocurrency Update
Bitcoin continues its downward momentum, trading below $93,500.
Weak sentiment dominates the crypto market, with Ethereum losing 2%.
💎 Precious Metals
Gold: +0.27%
Silver: +0.28%
⚡ Energy Commodities
WTI crude oil: +0.06%
NATGAS: -0.26%
💱 Forex Movers
Top performers: 🇳🇿 NZD and 🇯🇵 JPY
Under pressure: 🇪🇺 EUR
Stay tuned for more updates! 📉📈
Morning Update (24.12.2024) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.