Forex Market

The US Dollar Index (DXY) rose to four-month tops north of the 105.00 hurdle on the back of Trump’s win and higher US yields. The Fed’s interest rate decision will be at the centre of the debate, seconded by weekly Initial Jobless Claims and Wholesale Inventories.The US dollar has touched …

The election of Trump increases the likelihood of policy-induced inflation, which forces the Fed to maintain its restrictive stance for a longer period of time. A 25 basis point cut is anticipated when the FOMC meets on Thursday.The US economy is still expanding at or above the trend. Following former …

Donald Trump’s threat to impose 60% tariffs on US imports of Chinese goods poses significant growth risks for the world’s second-largest economy. The property market crisis, weak domestic demand, and deflationary pressures have contributed to China’s economic downturn. In 2018, the property market was strong, driving about a quarter of …

Gold price is under considerable downward pressure due to the strong rise in the US dollar since the announcement of Donald Trump, the former US President and Republican candidate, winning the 2024 US presidential election. Financial markets continue to celebrate the victory of former US President and Republican candidate Donald …

Crude oil stoops and bounces back following a 3% decline earlier due to Trump’s victory in the US presidential election. As Trump is declared winner and gets an inconsecutive second term as US president, the effects of Tropical Storm Rafael on the Gulf become less significant. On Wednesday, the US …

China has stated its commitment to working with the U.S. on principles of mutual respect and peaceful coexistence as Donald Trump appears close to a presidential victory. However, Chinese strategists are preparing for a resurgence in superpower tensions over trade, technology, and security should Trump return to the Oval Office. …

In the unfolding 2024 U.S. presidential election, Donald Trump has taken a lead over Kamala Harris, securing wins in several critical battleground states. Current Standings As of 00:44 ET (05:44 GMT), the Associated Press reported: Trump: 230 electoral votes Harris: 210 electoral votes Trump clinched victories in North Carolina and …

Before the FOMC event, the US election continues to receive the majority of market focus. Amid increased expectations ahead of the US election results and the next Fed meeting, the US dollar was mostly defensive on Tuesday, falling to three-week lows. What you need to know on Wednesday, November 6:Despite …

Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …

The Dow Jones Industrial Average (DJIA) surged over 400 points on Tuesday, as investors eagerly awaited the outcome of the US presidential election. The index has been trading within a narrow range in recent weeks, but today’s rally pushed it closer to its near-term high.Market Expectations and Fed Rate Cut …