Hot spot tracking

  • The U.S. PPI data for December fell short of expectations, but failed to ease inflation concerns. The annual rate was 3.3%, lower than the expected 3.4%. But it is higher than the previous value of 3%, setting a new high since February 2023. This news is bearish for the US dollar.
  • The U.S. NFIB Small Business Confidence Index in December was 105.1, the highest since October 2018. This news is bullish for the US dollar.
  • EIA Short-Term Energy Outlook report: Oil prices are expected to be under pressure due to oversupply in 2025 and 2026. This news is bearish for crude oil.

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