Gold price continues its intraday climb above $2,750, despite the US dollar showing modest strength.
Facebook LinkedIn Gold Price Extends Rally Beyond $2,750 Amid Safe-Haven Demand and Fed Rate Cut Speculation Gold price (XAU/USD) maintains its bullish momentum for the third consecutive day, climbing past the $2,750 mark during Wednesday’s Asian session. This marks its highest level since early November, fueled by escalating safe-haven demand following US President Donald Trump’s […]
Silver Price Prediction: XAG/USD appears set to rise further, targeting the $31.00 level.
Facebook LinkedIn Silver Price Analysis: XAG/USD Poised for Further Gains Towards $31.00 and Beyond Silver (XAG/USD) has garnered fresh buying interest near the $30.20 level during the Asian trading session on Tuesday, building on its rebound from the 100-period Exponential Moving Average (EMA) on the 4-hour chart. Despite easing slightly from its two-day high reached […]
USD/INR drops ahead of Trump’s inauguration.
Facebook LinkedIn Indian Rupee Gains Ground as RBI Steps In, Eyes on Trump’s Inauguration The Indian Rupee (INR) showed signs of recovery on Monday after experiencing its steepest weekly decline in 18 months. This rebound is supported by the Reserve Bank of India’s (RBI) frequent interventions and a drop in crude oil prices, which are […]
EUR/JPY rebounds from its one-month low but finds it difficult to solidify gains above 160.00
Facebook LinkedIn US Stock Futures Climb as Investors Eye Economic Data and Earnings Reports US stock futures are trending upward, building on the momentum from Wednesday’s market rally. Optimism among investors is fueled by a lower-than-expected core inflation reading and strong quarterly earnings from major US banks. As of 03:30 ET (08:30 GMT), Dow futures […]
Futures rise as markets await retail sales data and bank earnings reports.
Facebook LinkedIn US Stock Futures Climb as Investors Eye Economic Data and Earnings Reports US stock futures are trending upward, building on the momentum from Wednesday’s market rally. Optimism among investors is fueled by a lower-than-expected core inflation reading and strong quarterly earnings from major US banks. As of 03:30 ET (08:30 GMT), Dow futures […]
USD/CHF eases below 0.9150 as investors anticipate the release of US CPI data.
Facebook LinkedIn USD/CHF Slides to 0.9120 Amid Anticipation of US CPI Data Release The USD/CHF pair hovers around 0.9120 with a slight bearish tone during the early European session on Wednesday. Traders remain cautious as markets await the release of the US Consumer Price Index (CPI) inflation data for December, set to be unveiled later […]
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 […]