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December 24, 2025
Asia Open - Overnight Highlights
December 24, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading mostly stronger against the greenback as the USD seem no rebound until the U.S. session, triggered by strong GDP figure. The biggest winners are MYR 0.34%, followed by SGD 0.27%, THB 0.19%, CNH 0.17%, CNY 0.11%, HKD 0.04% and TWD 0.03%; while the biggest losers
December 23, 2025
U.S. Q3 GDP: Better Than Expected, But
December 23, 2025 1:54 PM UTC
Q3 GDP came in better than expected due to a big net export contribution to growth. Gross domestic purchases at 2.7% were more in line with expectations, with mixed performance in key expenditure sectors. We see growth slowing in Q4, with net exports unlikely to repeat the Q3 outcome and consume
Trump’s Peace Framework as a Path to a Late 2026 Settlement?
December 23, 2025 1:48 PM UTC
Bottom Line: With Russia maintaining its long-held demands in Ukraine and negotiations intensifying around President Trump’s latest peace proposal, our baseline view is that this framework will serve as the primary catalyst for a settlement. We anticipate a Russia-friendly peace deal (70% probabil
Psychology for major markets Dec 23
December 23, 2025 9:19 AM UTC
EUR/USD – EUR/USD continue to perform strongly closer to Christmas and is fast approaching last Tuesday's high at 1.1804. But the strength seems to be derived from USD weakness.
USD/JPY – The pair is facing more verbal intervention from multiple Japanese officials. The escalation of language has