Market News 12/9
✨Happy Monday, dear traders! Hope your weekend was great, and you’re ready to trade actively! Here is some news you need to know for now⬇️
🇪🇺The euro rose against the US dollar after Bundesbank President Joachim Nagel announced his support for further interest rate hikes in Europe. EURUSD is 1.0152 now.
🇺🇸Traders focus their attention on tomorrow’s US inflation rate. The CPI is expected to fall to 8% a year, while the core CPI, which excludes food and energy, might rise. Traders are ready for another massive Fed rate hike next week after two 75 basis point advances.
🛢Signs of weakening oil demand could highlight the potential for policy makers to be willing to slow down the pace of tightening going forward. XBRUSD is 92.40.
☣️As Ethereum prepares to complete its merge update. At least one group is planning to fork its codebase. And, as is often the case in crypto, this step is likely to confuse some holders, encourage some scammers, and may not be performed consistently.
🍎Apple removed last year's smartphones from a sale. The company has also stopped production of the iPhone 11, iPhone 12 mini, iPhone 13 Pro, and iPhone 13 Pro Max. It’s noted that the gadgets will continue to be sold until stocks run out. Apple stock price has gained 3.30% since September 8.
Have a great trading day! 💫
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