The US Dollar is strengthening amid concerns that the Federal Reserve’s policies could drive it even higher.
Facebook LinkedIn US Dollar Index (DXY) Rises to Highest Levels Since November 2022 Amid Fed Policy Concerns The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, has climbed for the fifth consecutive day, reaching approximately 110.00—a level not seen since November 2022—as of Monday. This upward trend follows the market’s […]
Silver Price Forecast: XAG/USD Drops Near $30 as Traders Reevaluate
Facebook LinkedIn Silver Price Forecast: XAG/USD Drops Near $30 Amid Strengthening US Bond Yields Silver (XAG/USD) experienced a sharp decline to approximately $30.00 during Monday’s European session after failing to break past the critical resistance level of $30.60. The precious metal came under pressure as rising US bond yields dampened its appeal. This shift follows […]
USD/CAD stays above 1.4350 due to lower Oil prices, hawkish policy shift by Fed
Facebook LinkedIn FOMC Minutes Reveal Fed’s Inflation Concerns and Adjusted Rate Expectations The Federal Open Market Committee (FOMC) Minutes from the December policy meeting highlight concerns among Federal Reserve (Fed) officials regarding inflation and the potential impact of President-elect Donald Trump’s upcoming policies. In light of heightened uncertainty, policymakers signaled a slower pace for rate […]
EUR/USD holds steady around 1.0350 as traders await German Retail Sales data and the FOMC Minutes.
Facebook LinkedIn EUR/USD Advances Near 1.0350 Ahead of Key Economic Data and FOMC Minutes The EUR/USD pair edges higher towards 1.0350 during the early European session on Wednesday. However, the pair’s upward momentum may face headwinds due to expectations of slower interest rate cuts by the Federal Reserve (Fed) in 2025. Traders are gearing up […]
USD/INR Edges Lower as Possible RBI Intervention Limits Upside
Facebook LinkedIn Indian Rupee (INR) Recovers from Record Low; RBI Intervention and Global Factors in Focus The Indian Rupee (INR) staged a recovery on Tuesday after hitting a record low in the previous session, supported by potential intervention from the Reserve Bank of India (RBI). However, the rupee’s gains remain capped as broad-based demand for […]
Gold prices maintain modest gains but lack strong bullish momentum amid the Federal Reserve’s hawkish stance
Facebook LinkedIn Gold Price (XAU/USD) Gains Traction Amid Geopolitical Risks but Faces Headwinds from Fed’s Hawkish Stance Gold prices (XAU/USD) extended their recovery from the $2,615-$2,614 support zone during the Asian trading session on Tuesday, showing modest positive momentum. The precious metal benefits from its status as a hedge against inflation, fueled by expectations that […]
Jumpstart 2025: Setting SMART goals is the cornerstone of financial success
Facebook LinkedIn Kickstart 2025: Set Clear Investing Goals for Financial Success The beginning of a new year is the perfect time to reset, refocus, and outline your financial goals. Whether you’re just starting your investment journey or refining your strategy, setting well-defined and actionable objectives is crucial for building lasting wealth. Here’s how you can […]
NZD/USD Rebounds Above 0.5600 Amid Reports of PBOC Signaling Rate Cuts
Facebook LinkedIn The NZD/USD pair rebounds slightly, trading near 0.5605 during the early European session on Friday. Support for the China-linked New Zealand Dollar (NZD) comes from expectations that the People’s Bank of China (PBoC) may lower its main interest rate this year. According to the Financial Times, the Chinese central bank plans to cut […]
Silver Price Prediction: XAG/USD Drops to Three-Month Low Around $29.50
Facebook LinkedIn Silver Prices Drop to Three-Month Low at $29.26 Amid Fed’s Hawkish Outlook Silver prices (XAG/USD) hit a three-month low of $29.26 per troy ounce on Thursday, extending their decline for a sixth consecutive session. The grey metal has depreciated over 3% since the Federal Reserve’s (Fed) interest rate decision on Wednesday, signaling further […]
AUD/USD drops to new yearly lows near 0.6300 as market focus shifts to the Federal Reserve.
Facebook LinkedIn AUD/USD Hits One-Year Low Near 0.6300 as Market Awaits Fed Decision The Australian Dollar (AUD) has dropped to a fresh one-year low, trading near 0.6300, edging closer to last year’s bottom of 0.6270. This decline reflects the risk-averse sentiment in global markets, with traders adopting a cautious stance ahead of the Federal Reserve’s […]