Forex Market

Earlier during this trading week, Bitcoin’s price reached a new all-time high near $77K, amid concerns about mass liquidations in a snap market reversal. The volatility came as the United States Federal Reserve lowered interest rates by an expected 0.25%. After the latest Federal Open Market Committee (FOMC) meeting, Fed …

Gold falls on Friday as Donald Trump’s re-election continues to impact the precious metal. This reverses a short-term bounce following the Federal Reserve’s decision to cut interest rates by 0.25%. Technically, XAU/USD corrects back within a short-term downtrend. Gold (XAU/USD) edges down to trade around the $2,690 mark on Friday, …

The USD/JPY pair has recently dipped to a significant long-term trendline at around 152.55, but remains within an overall uptrend. While a short-term correction has occurred, the underlying bullish momentum suggests a potential recovery and further upside. Potential Upward Movement:Immediate Upside: A break above the November 7 high of 154.71 …

The Pound Sterling is trading cautiously on Friday, as the Bank of England (BoE) signaled a more gradual approach to interest rate cuts. The central bank’s decision to reduce its benchmark rate by 25 basis points, while in line with the Federal Reserve’s move, was accompanied by a less dovish …

European stock markets saw modest declines on Friday, capping a week marked by political upheaval in Germany, key central bank decisions, and a fresh wave of corporate earnings reports. The early trading session reflected investor caution as markets assessed the long-term impacts of ongoing events. Market Performance: DAX (Germany): Down …

The U.S. dollar found renewed strength on Friday, looking to wrap up a week marked by high volatility with a modest gain. The currency’s movement reflects global markets processing the implications of Donald Trump’s return to the White House, with significant effects anticipated on U.S. economic policy and interest rate …

Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference. Key QuotesFed took another step in reducing policy restraint.The labour market remains solid.Inflation has eased substantially.I …

Gold prices surged over 1.7% after the Federal Reserve delivered a widely anticipated 25 basis point interest rate cut. While the market had largely priced in this move, the Fed’s acknowledgment of economic uncertainty and balanced risks bolstered gold’s safe-haven appeal. Gold is trading at 2,704 at the time of …

Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference.The US Dollar remains largely on the defensive following the Fed’s decision to lower its rates by …

The Federal Reserve’s anticipated 25-basis point interest rate cut on Thursday tempered the Euro’s earlier gains against the US Dollar. While the move aligned with market expectations, it shifted market focus to the Fed’s December meeting, where another rate cut is widely anticipated.The Euro, the official currency of the Eurozone, …