Trending
- Dollar index – pullback encounters strong support at key technical level
- USDJPY extends its pullback on growing rate cut expectations, though key support levels remain intact
- EURUSD – fresh rebound requires daily cloud break to improve near-term outlook
- Gold – bulls pause briefly below the new record high
- Silver hits a new record high, supported by robust safe-haven demand and mounting concerns over supply constraints
- Bitcoin rebounds strongly, recovering over half of its recent sharp decline
- GOLD – Shallow correction from new record high keeps broader bullish trend intact
- Dollar’s upward momentum stalls near a key Fibonacci level, limiting further bullish progress.
- Gold – bulls pause briefly before next assault on the $4000 barrier
- Gold – shallow pullback below new record peak viewed as setup for another push into uncharted territory
The Fed is expected to lower interest rates by 25 basis points today, but Trump’s victory has…
The US Federal Reserve is expected to cut interest rates by 25 basis points to a range of 4.50%-4.75% at the conclusion of its two-day policy meeting today.
While markets still anticipate another rate cut in December, initial…
Read More...
Read More...
Bitcoin jumps 9% to a new all-time high as Trump’s victory fuels strong bullish sentiment
Bitcoin led gains in post-election trading on Wednesday, surging 9% in direct response to Trump’s victory. The strong rally pushed prices to a new record high of 75,411 before some profit-taking pulled the price back to 72,700, the lower…
Read More...
Read More...
US stock indices, the dollar, and bitcoin rise as Trump announces election victory
Republican Donald Trump declared victory in the 2024 presidential election, with projections indicating that Republicans will also regain control of the Senate.
Trump expressed his gratitude to the American people for the "extraordinary…
Read More...
Read More...
The dollar dips slightly as traders await the initial results from the U.S. election
The dollar edged lower on Tuesday as traders cautiously reduced their exposure ahead of the initial results from the U.S. election.
A fresh dip tested Monday’s low of 103.45, though downside momentum remained limited, as bears struggled…
Read More...
Read More...
Hawkish RBA propels the Australian dollar toward a critical resistance level
The AUDUSD climbed to a one-week high on Tuesday morning after the RBA maintained interest rates at a 12-year high and adopted a hawkish stance regarding ongoing inflation risks, while remaining prepared to act if the economy weakens…
Read More...
Read More...
The Reserve Bank of Australia maintains interest rates at their highest level in 12 years
The Reserve Bank of Australia (RBA) has kept its cash rate steady at 4.35%, marking a 12-year high, as it continues to address persistent inflation pressures. This decision reflects the RBA’s cautious approach in balancing a strong labor…
Read More...
Read More...
Final messages to voters from Harris and Trump as America prepares to cast their ballots tomorrow
With just one day remaining before the pivotal U.S. Presidential election, market activity has slowed as investors await the outcome of voters’ decisions.
Candidates Donald Trump and Kamala Harris are making their final campaign stops…
Read More...
Read More...
U.S. nonfarm payrolls sharply declined in October, though economists view the slowdown as temporary
U.S. non-farm payroll data revealed a surprising slowdown, with only 12,000 jobs created in October, well below the forecasted 103,000 and a downward revision in September’s job count from 254,000 to 223,000. The unemployment rate remained…
Read More...
Read More...
The Bank of Japan held interest rates steady, aligning with market expectations
The Bank of Japan is signaling a possible move away from its ultra-easy monetary policy, though it remains cautious on timing rate hikes. At its recent meeting, the BOJ held short-term interest rates at 0.25%, while Governor Kazuo Ueda’s…
Read More...
Read More...
Eurozone economic growth saw an uptick in Q3, though the overall outlook remains bleak
The eurozone economy expanded more than expected in the third quarter, with GDP growth reaching 0.4%, up from 0.2% in the previous quarter and beating forecasts of 0.2%. Despite this growth, underlying issues such as stagnation in the…
Read More...
Read More...