Forex Market

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 …

Gold prices are holding steady above $2,630 per ounce as the US Dollar maintains its strength. The Federal Reserve has signaled a slower pace of interest rate cuts next year, reducing upward pressure on Gold. This, coupled with the recent rise in US Treasury yields, is weighing on the precious …

Turkey’s central bank recently made a significant policy shift, cutting its key interest rate by 2.5 percentage points to 47.5%. This marks the first rate cut in nearly two years, a move that has raised eyebrows among economists given the country’s ongoing struggle with high inflation. The bank’s decision was …

Key Updates on GDP and Growth Revised GDP Figures: China’s 2023 GDP was revised upwards by 2.7% to 129.4 trillion yuan ($17.73 trillion), reflecting updated data from the fifth national economic census. Growth Target for 2023: Policy measures implemented late in the year helped set the economy on track to …

Market Performance Oil prices increased slightly in thin holiday trading on Thursday, buoyed by optimism surrounding China’s fiscal stimulus and an anticipated drop in U.S. crude oil inventories. Brent Crude Futures: Rose 13 cents, or 0.2%, to $73.71 per barrel by 0650 GMT. West Texas Intermediate (WTI) Crude: Gained 11 …

Highlights Gold Prices Rise Slightly Spot Gold: Up 0.4% to $2,627.55 per ounce. Gold Futures (February): Increased 0.1% to $2,643.86 per ounce as of early Thursday. A slightly weaker US dollar supported gold prices in thin post-holiday trading, though gains were capped by caution stemming from the Federal Reserve’s hawkish …