America’s Roundup: Dollar soft, euro, sterling hit new highs,Wall Street ends mixed, Gold climbs, Oil retreats 
Market Roundup
• French Car Registration (MoM) (Nov) -4.7%, -0.6% previous.
•German Car Registration (MoM) (Nov) 0.2%, 6.2% previous.
•German Car Registration (YoY) (Nov) 2.5%, 7.8% previous.
•Italian Car Registration (MoM) (Nov) -1.4%, -0.7% previous.
•Italian Car Registration (YoY) (Nov) 0.0%, -0.5% previous.
• French Car Registration (MoM) (Nov) 2.5%, 7.8% previous.
• French Car Registration (YoY) (Nov) 3.3%, 8.3% previous.
•UK Car Registration (MoM) (Nov) 4.3%, -53.7% previous.
•UK Car Registration (YoY) (Nov) -1.6%, 0.5% previous.
•Spanish GDP (QoQ) (Q3) 0.6%, 0.6% forecast, 0.7% previous.
•Spanish GDP (YoY) (Q3) 2.8%, 2.8% forecast, 2.9% previous.
•Spanish PPI (YoY) (Nov) -2.5%, 0.8% previous.
Looking Ahead Economic Data (GMT)
•13:30 US GDP (QoQ) (Q3) 3.3% forecast, 3.8% previous.
•13:30 Canada GDP (MoM) (Oct) -0.3% forecast, 0.2% previous.
•13:30 US Core PCE Prices (Q3) 2.90% forecast, 2.60% previous.
•13:30 US GDP Price Index (QoQ) (Q3) 2.7% forecast, 2.1% previous.
•13:30 US Durable Goods Orders (MoM) (Oct) -1.5% forecast, 0.5% previous.
•13:30 US Core Durable Goods Orders (MoM) (Oct) 0.3% forecast, 0.6% previous.
•13:30 US Real Consumer Spending (Q3) 2.5% previous.
•13:30 US GDP Sales (Q3) 7.5% previous.
•13:30 US Corporate Profits (QoQ) (Q3) 0.2% previous.
•13:30 US PCE Prices (Q3) 2.9%, 2.1% previous.
•13:30 US Real Personal Consumption (MoM) (Oct) 0.0% previous.
•13:30 US Dallas Fed PCE (Oct) 1.90% previous.
•13:30 US Durables Excluding Defense (MoM) (Oct) 0.1% previous.
•13:30 US Goods Orders Non-Defense Ex-Air (MoM) (Oct) 0.9% previous.
•13:45 US Redbook (YoY) 6.2% previous.
•14:00 US Industrial Production (MoM) (Oct) 0.1% forecast,, 0.1% previous.
•14:00 US Industrial Production (YoY) (Oct) 1.62% previous.
•14:00 US Capacity Utilization Rate (Oct) 75.9%, 75.9% previous.
•14:00 US Manufacturing Production (MoM) (Oct) 0.0% previous.
•14:00 US CB Consumer Confidence (Dec) 91.7, 88.7 previous.
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Tuesday as the U.S. dollar softened ahead of the release of third-quarter U.S. GDP data. Investor attention is firmly on the GDP figures due later in the session, though the data delayed by the 43-day government shutdown is widely seen as dated and unlikely to significantly influence markets.The release is expected to reinforce the view of a K-shaped U.S. economy, where higher-income households continue to perform well while middle- and lower-income groups remain under pressure. GDP is forecast to have expanded at a 3.3% annualized rate in the third quarter, according to a Reuters poll, easing from 3.8% growth in Q2. The dollar index , which measures the U.S. currency against six rivals, slid 0.2% to98.061 on Tuesday, extending losses into a second day after dropping 0.5% on Monday. Immediate resistance can be seen at 1.1793(23.6%fib), an upside break can trigger rise towards 1.1828(Higher BB).On the downside, immediate support is seen at 1.1731(38.2%fib), a break below could take the pair towards 1.1680(50%fib).
GBP/USD: The pound climbed to a near three-month high against a broadly weaker dollar on Tuesday, as traders weighed signs of improvement in the UK economy while remaining cautious about stubborn inflation pressures.Data released on Monday showed Britain’s economy expanded by 0.1% in the July-to-September period, matching the Office for National Statistics’ initial GDP estimate. The ONS also said revisions to its figures indicated that income flowing into the UK from foreign direct investment held overseas was higher than previously reported.The pound has added 1% since the Bank of England delivered a widely expected rate cut last Thursday. But policymakers also hinted that the bar for further cuts remains high, with inflation elevated compared to other major economies.Sterling rose 0.42% against the dollar to $1.3517, its highest level since October 1, extending last week's gains and putting it on track for its best month out of the last four. Immediate resistance can be seen at 1.3499(23.6%fib), an upside break can trigger rise towards 1.3529(Higher BB).On the downside, immediate support is seen at 1.3405 (38.2%fib), a break below could take the pair towards 1.3338(50%fib).
AUD/USD: The Australian dollar extended its gains on Tuesday after minutes from the Reserve Bank of Australia’s latest meeting signalled a readiness to raise interest rates if needed to curb inflation.The December policy minutes showed policymakers discussing the possibility of a rate hike next year to keep inflation in check, following stronger-than-expected consumer price readings in October and the third quarter. The RBA noted that the labour market remains relatively tight and that the economy is likely operating above capacity, with high capacity utilisation pointing to ongoing supply constraints. Officials added that leaving the cash rate unchanged next year would require confidence that financial conditions are sufficiently restrictive and that a large part of the recent rise in inflation proves temporary. Immediate resistance can be seen at 0.6695(23.6%fib), an upside break can trigger rise towards 0.6726(Higher BB).On the downside, immediate support is seen at 0.6654(Daily low), a break below could take the pair towards 0.6609(38.2%fib)
USD/JPY: The U.S. dollar slipped on Tuesday as the Japanese yen strengthened, following warnings from officials about sharp and one-sided currency fluctuations, which fueled speculation of potential intervention. Japan’s top currency diplomat, Atsushi Mimura, said on Monday that authorities would take “appropriate” action against excessive foreign exchange moves, signaling that intervention remains possible after last week’s central bank meeting triggered renewed yen weakness.On Tuesday, Finance Ministry official Katayama added that Japan can act freely against excessive yen movements, marking the strongest indication yet that authorities are prepared to step in to curb rapid currency depreciation. Japanese officials are increasingly concerned about the weak yen, which is raising import costs, fueling inflation, and eroding household purchasing power. Immediate resistance can be seen at 157.80(23.6%fib) an upside break can trigger rise towards 158.00(Psychological level) .On the downside, immediate support is seen at 155.91 (SMA 20) a break below could take the pair towards 155.61 (38.2%fib).
Equities Recap
European shares briefly touched a record high on Tuesday, driven by gains in healthcare after heavyweight Novo Nordisk secured U.S. approval for its weight-loss pill, though losses in banking stocks limited the broader advance.
At (GMT 12:38),UK's benchmark FTSE 100 was last trading down at 0.06 percent, Germany's Dax was down by 0.03 percent, France’s CAC was last down by 0.30 percent.
Commodities Recap
Gold touched a fresh record high on Tuesday, stopping just short of the $4,500-per-ounce mark, as a softer dollar and ongoing geopolitical uncertainty lifted demand for the safe-haven metal, while silver extended its rally to a new all-time high.
Spot gold rose 0.9% to $4,486.34 per ounce, as of 1248 GMT, after hitting a record $4,497.55 earlier in the session. U.S. gold futures for February delivery rose 1.1%to $4,518.90.
Oil prices were little changed on Tuesday, with the prospect of U.S. sales of seized Venezuelan crude offset by rising supply disruption risks following Ukrainian attacks on Russian vessels and port infrastructure.
Brent crude futures rose 6 cents to $62.13 a barrel by 1221 GMT. U.S. West Texas Intermediate (WTI) crude was up 2 cents at $58.03.
