Market Update

The Dollar Index (DXY) briefly traded above 108 on Friday, driven primarily by euro weakness rather than dollar strength. As we head into a short week due to the US Thanksgiving holiday, market participants are focused on key data releases, including the Federal Reserve’s November FOMC minutes and the core …

The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …

US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …

Gold prices fluctuated on Tuesday, initially declining on news of a potential ceasefire deal between Israel and Hezbollah. However, the precious metal recovered some losses as U.S. President-elect announced plans to impose tariffs on Mexico and Canada.Ceasefire Hopes Weigh on Gold:A potential 60-day ceasefire deal between Israel and Hezbollah could …

Bitcoin’s long-term holders (LTHs), often hailed as the market’s steadfast bulls, have recently displayed an unexpected shift in behavior. These seasoned investors, who typically hold their coins for over 155 days, have begun to engage in significant profit-taking, a trend that could potentially signal an impending market correction. At the …

European automaker shares faced a sharp decline on Tuesday as markets reacted to President-elect Donald Trump’s announcement of aggressive tariffs on imports from Canada, Mexico, and China. The prospect of a renewed global trade war reignited investor concerns, weighing heavily on the auto sector. Auto Sector Declines The European autos …

Bitcoin continued its pullback on Tuesday, retreating 3.6% to $94,567.1 by early morning trade as concerns over potential trade wars reignited risk aversion across global markets. Key Developments in the Bitcoin Market Tariff Threats Dampening SentimentPresident-elect Donald Trump’s announcement of steep import tariffs on China, Canada, and Mexico rattled broader …

Gold prices saw a modest uptick during Asian trading on Tuesday, driven by escalating geopolitical and trade concerns, though gains were capped by a stronger U.S. dollar and easing Middle Eastern tensions. Key Market Moves Spot gold increased by 0.1% to $2,628.69 an ounce. Gold futures (December) rose by 0.4% …

As OPEC+ prepares for its December 1 meeting, several pressing issues will dominate the agenda, including a potential delay in planned supply increases and the broader implications of current market dynamics. With weak global demand, a retreating U.S. dollar, and fading geopolitical tensions, the decisions made during this pivotal meeting …

Market Focus Shifts to FOMC Minutes The US Dollar weakened at the start of the week as geopolitical tensions in the Middle East eased and investors anticipated the release of the Federal Open Market Committee (FOMC) minutes. The FOMC minutes, along with a slew of US economic data, including housing …