Forex Market

The USD/JPY currency pair surged towards its December high, driven by a confluence of factors. Expectations of a prolonged period of higher interest rates in the United States, fueled by the potential for a Trump presidency, underpinned the US Dollar. The Federal Reserve, in its December statement, signaled a more …

The Canadian Dollar (CAD) remained subdued against the US Dollar on Thursday, struggling to gain traction despite a modestly better-than-expected Manufacturing PMI reading. While the data provided a brief respite from the recent bearish trend, the Loonie remains vulnerable to further downside pressure amidst a broadly stronger US Dollar.The December …

The Euro experienced a significant decline on Thursday, falling below 1.0250 against the US Dollar. This marks the lowest level for the currency pair in two years, raising concerns about the Euro’s weakening trajectory.The decline follows the release of disappointing European Manufacturing Purchasing Managers’ Index (PMI) data. The PMI unexpectedly …

The British Pound Sterling (GBP) plummeted against the US Dollar (USD) on Thursday, hitting an eight-month low near 1.2440. At the time of writing, the GBP/USD pair is down -1.01%; trading at 1.238. This sharp decline was driven by a confluence of factors:Weakening UK Manufacturing: The final S&P Global/CIPS Manufacturing …

European stocks fluctuated on the first trading session of 2025, as investor sentiment remained cautious following a late-year selloff driven by concerns over high valuations and potential policy shifts under incoming U.S. President Donald Trump. The pan-European STOXX 600 index dipped 0.2% by 0946 GMT, erasing earlier gains as trading …

Oil prices started 2025 with modest gains on Thursday as investors cautiously assessed China’s economic outlook and fuel demand. President Xi Jinping’s pledge to adopt proactive policies aimed at boosting growth in 2025 provided some optimism to the market. Brent crude futures climbed by 0.21% to $74.80 per barrel, while …

Gold prices inched higher in Asian trading on Thursday, building on their robust performance in 2024 as a softer U.S. dollar lent support. However, investor caution lingered due to the U.S. Federal Reserve’s indications of fewer interest rate cuts in 2025. Spot gold rose by 0.3% to $2,632.82 per ounce, …

The China Foreign Exchange Trade System (CFETS), overseen by the People’s Bank of China, announced significant adjustments to the yuan’s CFETS basket weighting effective January 1, 2025. These changes reflect a strategic shift in China’s foreign exchange policy, aiming to diversify the yuan’s value away from over-reliance on the U.S. …

The Treasury and State Departments said Tuesday that the Biden administration had placed additional penalties on Iranian and Russian organizations for their efforts to sabotage the 2024 election. In particular, the Treasury Department is enacting new sanctions against the Moscow-based Center for Geopolitical Expertise and its director, Valery Mikhaylovich Korovin, …

XAU/USD is trading above $2,600 per ounce as the year draws to a close, though upward momentum remains limited. Risk-off sentiment spurred by the year-end market slowdown has provided some support for gold prices.Trading activity has been subdued in recent days as investors prepare for the New Year’s holiday, with …