Gold price surges on Tuesday as Treasury yields rise. Gold prices surged to new heights on Tuesday, driven by a combination of geopolitical tensions and rising U.S. Treasury yields. As investors seek safe-haven assets amid global uncertainty, XAU/USD has continued its upward trajectory, reaching a peak of $2,745.01.The market’s mood …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Market Analysis
October, 2024
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22 October 2024 8:56 pm
Bitcoin Market Analysis: A Sideways Trend with Upward Potential
The Bitcoin market remains in a sideways trading range that began in February. Despite experiencing some volatility recently, the overall trend suggests a gradual upward movement.Key Technical Levels:Resistance: The $70,000 level is a crucial resistance point due to its psychological significance. Breaking above this level could signal a stronger uptrend, …
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22 October 2024 7:46 pm
USD/JPY Price Forecast: Testing Key Technical Levels
The USD/JPY pair is currently trading near the 151.00 level, influenced by rising US Treasury yields but facing resistance from the Ichimoku Cloud’s upper boundary. Bullish momentum persists, as indicated by the RSI hitting a new high, suggesting potential upside towards the 200-day moving average (DMA) at 151.36 and beyond.If …
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22 October 2024 3:43 pm
UK Public Borrowing Exceeds Forecasts, Presenting Challenge for Finance Minister Rachel Reeves
British public borrowing in the first six months of the tax year exceeded official forecasts, posing a challenge for Finance Minister Rachel Reeves ahead of her first budget next week. Borrowing totaled £79.6 billion ($103.5 billion) from April to September, nearly £7 billion higher than projections made by the Office …
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22 October 2024 2:08 pm
Oil Prices Steady Near $74 Amid Middle East Ceasefire Efforts and Slowing Chinese Demand
Oil prices hovered near $74 a barrel on Tuesday as geopolitical tensions in the Middle East and concerns over weakening demand growth in China, the world’s top oil importer, continued to influence the market. Brent crude futures for December delivery slipped 20 cents, or 0.27%, to $74.09 per barrel by …
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22 October 2024 1:53 pm
European Stocks Slip Amid Geopolitical and Rate-Cut Uncertainties, SAP Boosts Tech Sector
European stocks dipped on Tuesday as investors grappled with geopolitical tensions and uncertainties over global interest rate cuts. The pan-European STOXX 600 index edged down 0.3% by 0830 GMT, as lingering concerns about the European economy and Chinese demand weighed on market sentiment. The broader decline was softened by German …
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22 October 2024 12:55 pm
Bitcoin Falls Amid U.S. Election Uncertainty and Slower Fed Rate Cut Expectations
Bitcoin prices fell on Tuesday, retreating from recent three-month highs as broader market uncertainty ahead of the U.S. presidential election dampened risk appetite. Bitcoin dropped 2.4% to $67,412.5, pulling back from a recent peak of $69,000, failing to break through the key $70,000 level that many analysts viewed as a …
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22 October 2024 11:03 am
Dollar Strength and Fed’s Approach to Rate Cuts
The U.S. dollar remained strong on Tuesday, holding near a 2-1/2-month high due to expectations that the Federal Reserve will adopt a cautious approach to cutting interest rates. This strength, buoyed by rising U.S. Treasury yields, has put pressure on the yen, euro, and British pound. The dollar’s rally is …
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22 October 2024 10:03 am
Gold Prices Steady Near Record Highs Amid Election Uncertainty and Middle East Tensions
Gold prices gained in Asian trade on Tuesday, stabilizing just below their recent record highs as traders sought safe havens due to growing uncertainty surrounding the upcoming U.S. presidential election. The anticipation of a tight race between Donald Trump and Kamala Harris has pushed investors towards safer assets like gold, …
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22 October 2024 1:39 am
Treasury Yields Resume Upward Trend Following Fed Remarks
US Treasury yields initiated an upward climb at the start of the new trading week, fueled by statements from the Federal Reserve that highlighted a preference for a gradual approach to interest rate cuts in the coming period.The yield on 10-year US Treasury bonds rose to 4.182%, compared to the …
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22 October 2024 12:24 am
Gold Halts Climb After Record Highs
The price of gold stopped increasing after reaching record highs due to statements from the Federal Reserve. The Fed suggested a potential gradual reduction in interest rates, which could affect the appeal of gold as a safe-haven asset. This news, along with concerns about the U.S. labor market, has led …
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21 October 2024 11:20 pm
Market Drivers; US Session
Dollar Strengthens Amid Rising Yields, Renewed “Trump Trade”The US Dollar Index (DXY) continued its upward trajectory on Tuesday, October 22, approaching three-month highs as investors responded to higher interest rates and a resurgence of the “Trump trade.” Key economic events and speeches from Federal Reserve officials will shape the market’s …
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21 October 2024 10:44 pm
Dow Jones Sheds 330 Points as Bullish Momentum Pauses
Dow Jones Industrial Average (DJIA) experienced a setback on Monday, declining by 330 points (0.8%) as equity markets retreated from recent record highs.The decline was primarily attributed to a pause in bullish momentum, with the Dow Jones bearing the brunt of the sell-off. Investors grappled with conflicting factors: the anticipation …
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