Forex Market

Gold prices have surged in recent weeks, fueled by escalating geopolitical tensions and concerns about global economic stability. As the Russia-Ukraine conflict continues to escalate and the Middle East remains a volatile region, investors have sought refuge in gold, driving its price to levels not seen in years. A Perfect …

The US Dollar Index (DXY) recovered from early Friday lows, trading near the 106.00 level. The index had dipped below this level as US markets opened on Black Friday after a holiday-shortened week.Key Factors Influencing the DXY:Hawkish Fed Stance: The Federal Reserve’s continued hawkish stance, signaling potential future rate hikes, …

Gold prices have surged in recent weeks, driven by a confluence of factors including escalating geopolitical tensions, economic uncertainty, and a weakening US dollar. As investors seek safe-haven assets, gold has emerged as a preferred choice, reinforcing its traditional role as a hedge against inflation and market volatility.Geopolitical Tensions Fuel …

As the year draws to a close, investors are keenly watching for the much-anticipated “Santa rally,” a phenomenon where stock markets tend to rise during the final trading days of December and the first two trading days of January. Historically, this period has seen positive momentum, driven by factors such …

Oil prices rebounded at the end of Thursday’s trading, benefiting from an exchange of accusations between Hezbollah and Israel over breaches of the ceasefire agreement reached in recent days.Geopolitical tensions and related concerns, particularly affecting financial markets and oil, escalated after Israeli tanks shelled areas in southern Lebanon on Thursday. …

On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …

On Thursday, the USD/CAD pair declined as the American currency pressured its Canadian counterpart, benefiting from the rise in global oil prices.The pair fell to 1.4015 compared to the previous day’s close of 1.4030. It reached its highest level on Thursday at 1.4031 and its lowest at 1.3998.Oil prices recovered …

The euro ended Thursday’s trading on a downward trend, affected by pressure from the rising US dollar and anticipation of eurozone inflation data, which is expected to shed more light on the European Central Bank’s future monetary policy path.The EUR/USD pair fell to 1.0551 compared to the previous day’s close …

The US dollar continues to seek further gains during the Thanksgiving holiday, but it has not been able to achieve significant increases due to lower liquidity levels in the markets during the US market closure.The Dollar Index, which provides a clear picture of the US currency’s performance against a basket …

European shares staged a comeback on Thursday, buoyed by a strong performance in the tech sector, even as broader concerns about U.S. trade policy and France’s political instability lingered. Key Highlights Tech Sector Outperforms: The STOXX 600 index rose by 0.6% in early trading, led by the technology sector, which …