The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, as the US Dollar rebounded in thin trading conditions ahead of the New Year holiday. The GBP/USD pair fell below 1.2550 after failing to sustain an intraday high above 1.2600.The US Dollar Index (DXY) rose towards 108.30, poised …
Read More »XAU/USD Slides as US Dollar Rebounds, Fed Signals Fewer Rate Cuts
Gold prices declined sharply on Monday, falling towards $2,600, as the US Dollar strengthened. The US Dollar Index (DXY) rebounded above 108.00, making gold more expensive for holders of other currencies.While lower US Treasury yields typically weigh on gold, the relationship between the two assets was less pronounced on Monday. …
Read More »European Stock Markets Mixed as 2024 Nears Close
European stocks exhibited a mixed performance on Monday, reflecting the cautious sentiment on the final full trading day of the year. DAX (Germany): +0.1% CAC 40 (France): +0.1% FTSE 100 (UK): -0.2% Muted Trading ActivityWith many markets preparing for early closures on Tuesday for the New Year holiday, trading volumes …
Read More »US Dollar Retreats Slightly but Holds Near Highs as Year-End Approaches
The US dollar edged down on Monday, with the Dollar Index slipping 0.1% to 107.690 as of 09:55 GMT. Despite this minor dip, the dollar remains on track for a monthly gain of over 2%, bringing its year-to-date rise to nearly 7%. Key Drivers Behind the Dollar’s Performance: Rising Treasury …
Read More »Bitcoin Declines Amid Strong Dollar and Rate Concerns
Bitcoin continued its downward trend on Monday, slipping 1.6% to $93,869.0 by 10:04 GMT. This follows its peak of over $108,000 nearly two weeks ago. Despite the recent pullback, Bitcoin remains up a remarkable 120% year-to-date, fueled by optimism over potential digital currency backing under the incoming Trump administration. Market …
Read More »Boeing Shares Drop Amid South Korea’s Deadliest Aviation Disaster
Boeing’s (NYSE:BA) stock fell over 4% in premarket trading on Monday following a tragic aviation accident involving a Boeing 737-800 in South Korea. The crash, which occurred at Muan International Airport, claimed the lives of 179 people and is being labeled as the deadliest air disaster in the country’s history. …
Read More »Oil Prices Dip Amid Thin Holiday Trade, Eyes on U.S. and China Data
Oil prices edged lower on Monday in light holiday trading as markets awaited key economic data from China and the U.S., the world’s two largest oil consumers, to gauge future growth prospects. Price Movement Brent crude futures slipped 8 cents to $74.09 a barrel by 0700 GMT, while the more …
Read More »Dow Jones faces selling pressure 30/12/2024
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Read More »USD/JPY Continues Upward Rush 30/12/2024
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Read More »GBP retests resistance 30/12/2024
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