Market Update

The man behind the trade war tariffs between the United States and China, Robert Lighthizer, reportedly has been appointed to serve as the US Trade Representative once again in Trump’s upcoming government. He is an ardent supporter of tariffs as a powerful instrument to combat foreign subsidies and support American …

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 …

U.S. stock index futures ticked up slightly on Friday, hovering near record highs as investors continued to process the Federal Reserve’s outlook on interest rate cuts and the potential economic policies under President Donald Trump’s second term. Futures Indicate Modest Gains At 05:05 ET (10:05 GMT), Dow Jones Futures gained …

Bitcoin continued its upward momentum on Friday, holding near record highs set earlier in the week. The cryptocurrency market was buoyed by Donald Trump’s victory in the 2024 presidential election and the Federal Reserve’s decision to cut interest rates, fueling optimism about a more favorable regulatory landscape and continued economic …

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 …

Asian equities experienced widespread gains on Friday, mirroring Wall Street’s ascent to record highs. Investor sentiment was buoyed by expectations of aggressive fiscal spending under the newly re-elected President Donald Trump and cautious interest rate cuts signaled by the Federal Reserve. Key Market Movements: Asia-Pacific RallyThe Asia-Pacific region marked significant …