Because of the general strength of the US dollar and high US yields, the USD/JPY is rising. The US Federal Reserve’s expected rate cut had been reassessed.A look at upcoming US data, the ISM Services PMI, and job openings on JOLTs. Although it stays below the Ichimoku Cloud (Kumo), which …
Read More »Dollar recovers some of its gains and Bitcoin exceeds $41,000
The dollar rose on Monday, regaining some gains after declining for three consecutive weeks due to bets that the Federal Reserve (the US central bank) will cut interest rates soon, while Bitcoin exceeded $41,000 for the first time since early 2022. In the latest trading, the euro fell 0.1 percent …
Read More »Dollar rises from its lowest levels in 3 months
The dollar rose from its lowest level in three months on Thursday, but it is still on track to record the largest monthly decline in a year, as investors increase bets that the Federal Reserve (the US central bank) has finished raising interest rates, before the release of a decisive …
Read More »Gold consolidates ahead of US inflation test
Gold prices steadied on Thursday and moved in a narrow range, hovering near the highest level in nearly seven months, with investors awaiting a key reading on inflation to determine whether US interest rate cuts will come sooner than expected. By 0543 GMT, gold in spot transactions fell 0.1 percent …
Read More »Gold is at an almost 7-month peak as the dollar declines
Gold prices touched their highest levels in nearly seven months on Wednesday thanks to a decline in the dollar and US bond yields, with investors growing more confident that the Federal Reserve will cut interest rates during the first half of next year. By 06:32 GMT, gold in instant transactions …
Read More »Gold hits a 6-month high amid the dollar’s decline
Gold prices stabilized after touching a six-month high on Tuesday, as expectations that the Federal Reserve will end its interest rate hike cycle kept the dollar and Treasury yields under pressure. Gold rose in spot transactions 0.1 percent to $2,015.33 per ounce by 0643 GMT, after reaching its highest levels …
Read More »The British pound rose and the dollar fell as traders awaited new economic signals
The pound sterling rose to its highest level in more than two months against the dollar on Monday, although some risk aversion limited the US currency’s losses, with traders awaiting new economic signals next week to determine the course of monetary policy regarding future interest rates. The current week is …
Read More »Gold jumps to its highest level in 6 months
Gold prices surged to a six-month high in current trading, buoyed by the decline of the US dollar. The ongoing belief that the Federal Reserve has completed its interest rate hike cycle further contributed to the positive momentum in the precious metal. Investors are closely watching US inflation data scheduled …
Read More »Gold find demand after mixed S&P PMIs
The Gold Index is surging to $2000. Following mixed S&P PMIs, the US dollar declined. Increased US interest rates could restrict the precious metal’s growth. Profiting from mixed S&P PMIs and a declining US dollar, gold is gaining ground on Friday. The pair, which is often known as the price …
Read More »Dollar declines in limited deals with expectations that interest rates will reach their peak
The dollar fell on Friday as investors bet that US interest rates had peaked, while the yen rose after Japan’s core consumer prices grew, boosting expectations that the Bank of Japan may soon roll back monetary stimulus. With US markets closed on Thursday due to the Thanksgiving holiday and a …
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