Forex Market

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. …

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 …

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 …

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 …

Gold prices continued their downward trajectory today, weighed down by persistently strong US interest rates. This decline brings the market closer to a critical support level – a key trend line – whose breach could signal further weakness. The precious metal is trading at 2,620.95, down -0.45% on the day.Technical …

The US Dollar Index (DXY) continues to display remarkable strength as the year draws to a close, trading near 108.00 despite the holiday-thinned market. While muted trading activity and cautious market sentiment have limited volatility, the dollar remains firmly bid. This resilience reflects a confluence of factors, from the robust …

The EUR/USD currency pair recently displayed a modest rebound, inching towards 1.0430 after a period of decline. While this provides some respite, the pair remains below the crucial 20-day SMA, indicating a persistent downtrend. A sustained break above this SMA would be necessary to signal a potential shift in market …

Key Highlights Gold Prices Hold Steady: Spot Gold: Unchanged at $2,633.40 per ounce. Gold Futures (Feb): Slight dip of 0.2% to $2,649.91 per ounce by 05:20 GMT. Weekly Performance: Set to gain 0.3%, recovering from a 1% decline last week. Muted Trading Activity: Year-end holidays reduced trading volumes as institutional …

Key Highlights from Friday’s Trading Flat Performance in Oil Prices: Brent Oil Futures held steady at $73.22 per barrel. WTI Crude Oil Futures remained largely unchanged at $69.19 per barrel during the Asian session. Thin Trading Volumes: The holiday-shortened week saw reduced trading activity as many institutional investors took time …

Cautiously Optimistic Outlook for 2025: Navigating Interest Rates and InflationThe US economy defied recession predictions in 2024, demonstrating robust growth, moderating inflation, and improved efficiency. While a “soft landing” remains the prevailing expectation, several key factors will shape the economic landscape in 2025.Evolving Role of the Federal ReserveThe Federal Reserve’s …