{"id":3344,"date":"2025-12-10T17:54:56","date_gmt":"2025-12-10T06:54:56","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3344"},"modified":"2025-12-23T19:25:21","modified_gmt":"2025-12-23T08:25:21","slug":"2025129en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/es\/2025\/12\/10\/2025129en\/","title":{"rendered":"Amillex Daily Market Commentary: Cautious Trading Ahead of the Fed Decision, Silver Breaks Above USD 60 to a Record High, U.S. Stocks Edge Higher, Cryptocurrencies Rebound"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">December 10, 2025 \u2014 The three major U.S. indices opened lower but later staged a mild rebound, with the S&amp;P 500 inching up 0.09%. The U.S. Dollar Index was unchanged, while the yen weakened to 156.28. Spot silver broke above USD 60\/oz for the first time in history. Bitcoin halted its decline and rebounded to USD 91,622. Copper saw a technical pullback, while crude oil posted a modest recovery. Market narratives are dominated by the fierce tug-of-war between economic resilience and policy-path expectations.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Market Moves and Fundamental Insights<\/strong><strong><\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">1. U.S. Equity Market: Labor Data Boosts Sentiment, Tech Under Pressure<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P 500: +0.09% after opening lower<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Dow Jones: \u20130.03%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Nasdaq: \u20130.18%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Sector Performance:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bank ETF: +0.7%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Energy ETF: +0.7%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Semiconductor ETF: \u20130.7%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Tech stocks under broad pressure<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Core Drivers:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Resilient Labor Market:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">October JOLTS job openings rose to 7.67 million (vs. 7.12 million expected), easing recession concerns.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fed in wait-and-see mode:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Markets price a 90% probability of a 25 bps rate cut in December, but attention is centered on hawkish clues for 2026 in the dot plot.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">2. FX Market: Dollar Flat, Yen Weakens on Rate-Differential Pressure<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Dollar Index little changed<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">EUR\/USD fluctuated around 1.1650<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">USD\/JPY rose 0.2% to 156.28, the highest since Nov 28<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Policy Context:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">BOJ rate-hike expectations:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Governor Ueda said the BOJ \u201cwill raise rates if economic outlook is met,\u201d but the yen failed to gain traction.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Widening U.S.\u2013Japan yield spread:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. 10-year yields climbed to 4.18% (a new high since September), discouraging the unwinding of carry trades.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">3. Precious Metals: Silver Breaks USD 60 to a Historic High<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Spot silver surged more than 1.5%, breaking USD 60\/oz<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Spot gold held above USD 4,200<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fundamental Support:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Industrial demand surges:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">PV (solar) and AI-hardware demand are accelerating; global silver inventories have fallen to a 10-year low.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Safe-haven + rate-cut combo:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fed easing expectations and geopolitical risks (Ukraine\u2013Russia negotiations stalled) lift precious-metal appeal.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">4. Commodities: Copper Sees Technical Pullback, Oil Slightly Higher<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Copper:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">LME copper fell 0.8% to USD 11,535.5\/ton<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Profit-taking triggered by RSI &gt; 70, but supply tightness (LME stocks &lt; 100k tons) limits downside<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Oil:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">WTI crude +0.3% to USD 59.05\/barrel<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Mixed forces:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Iraq\u2019s West Qurna-2 field resumed production (460k bpd), weighing on prices<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">But ongoing Russia\u2013Ukraine conflict provides geopolitical support<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">5. Cryptocurrencies: Bitcoin Rebounds but Regulatory Shadow Persists<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin: +0.3% to USD 91,622<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum: +0.8% to USD 3,173<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Sentiment:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fed easing expectations improve risk appetite<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">But China\u2019s seven major associations issued a new joint warning on crypto risks, restraining upside momentum<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">6. Bond Market: U.S. Yields Hit Three-Month Highs<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. 10-year yield rose to 4.18%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">30-year yield approached 4.82%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Underlying Logic:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Strong labor data reduces urgency for rate cuts<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ahead of the Fed decision, traders are trimming short positions<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Today\u2019<\/strong><strong>s focus<\/strong><strong><\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Federal Reserve interest-rate decision<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. API crude-oil inventories (week ending Dec 5)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">China CPI (YoY, November)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. Q3 Labor Cost Index (QoQ)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bank of Canada rate decision (Dec 10)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. EIA crude-oil inventories (week ending Dec 5)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">If you&#8217;d like, I can also create:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">A condensed bullet-point version,<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">A sell-side research-style rewrite,<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">A one-page PDF briefing,<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Or a Tweet\/X-ready summary.<\/h2>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"<p>December 10, 2025 \u2014 The three major U.S. indices opened lower but later staged a mild rebound, with the S&amp;P 500 inching up 0.09%. The U.S. Dollar Index was unchanged, while the yen weakened to 156.28. Spot silver broke above USD 60\/oz for the first time in history. Bitcoin halted its decline and rebounded to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/3344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/comments?post=3344"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/3344\/revisions"}],"predecessor-version":[{"id":3346,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/posts\/3344\/revisions\/3346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/media\/3345"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/media?parent=3344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/categories?post=3344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/es\/wp-json\/wp\/v2\/tags?post=3344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}