Greenback Dominance Continues The US Dollar extended its rally on Thursday, hitting fresh 2024 highs. Despite a slight easing in US Treasury yields, the greenback remained resilient. This comes ahead of a busy economic calendar on Friday, with key US data releases expected to further influence market sentiment.Key Currency Pairs …

President Donald Trump could be considering his own favourite pick for the position of Federal Reserve Chairman other than Jerome Powell upon taking office next January to emphasize the constitutional responsibility of all executive branch officials to the president. The dispute arises from the Federal Reserve’s power over national monetary …

Certain stocks have been disappointed by Trump’s election-related gains; Tesla has lost 4.5% of its value since Election Day. Elon Musk’s business has grown to be a close buddy of Trump. Republicans may not instantly carry out their campaign pledges, even if they control the White House, Senate, and House …

The EUR/GBP pair has been consolidating in a narrow trading range for the past week, unable to break out of its recent price channel. While there have been brief periods of upward movement, overall momentum remains sluggish. The pair is currently trading below its 20-day Simple Moving Average (SMA), suggesting …

A Perfect Storm for Gold Gold prices have taken a significant hit, plummeting nearly 7% in November, as a confluence of factors has eroded its appeal as a safe-haven asset. The recent US political landscape, coupled with economic and market dynamics, has created a perfect storm for the precious metal. …

Crude oil prices continue to face significant downward pressure as a confluence of bearish factors converge. The recent release of the International Energy Agency’s (IEA) monthly report has further dampened the outlook for 2025 oil demand, adding to the prevailing bearish sentiment.The IEA’s downward revision of its 2025 oil demand …

Wall Street Rallies on Tepid InflationThe Dow Jones Industrial Average and S&P 500 climbed on Wednesday, buoyed by October’s consumer price index (CPI) report. The data, which showed inflation remaining relatively tame, reinforced expectations that the Federal Reserve will continue its path of interest rate cuts.A Closer Look at the …

The Euro has continued its downward trajectory, plunging below the 1.0600 level against the US Dollar on Wednesday. This marks a significant decline and a new year-long low for the Euro, highlighting the growing disparity between the two major currencies. A brief respite from the Euro’s weakness was observed following …

The US dollar surged on Wednesday, fueled by hawkish comments from Dallas Fed President Lorie Logan. Logan’s cautious tone regarding a potential December rate cut dampened market expectations, bolstering the Greenback.The US dollar remains a strong currency, and its recent surge underscores the market’s growing concern about potential inflationary pressures …

Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …