The gold market is feeling the heat, with prices slipping further as the post-election fallout from Donald Trump’s re-election impacts the precious metal. On Friday, gold (XAU/USD) fell around $2,690, extending its current bearish trajectory amid expectations of stronger U.S. economic policies, a stronger dollar, and elevated interest rates. These […]
In a positive turn for the U.S. economy, the University of Michigan’s Consumer Confidence Index surged to 73 in November, surpassing market expectations of 71 and up from 70.5 in October. This improvement in consumer sentiment signals a strong recovery in confidence despite ongoing economic challenges. The latest reading marks […]
The EUR/GBP pair is currently on a four-day losing streak, hitting its lowest levels in over a week, as bearish sentiment continues to dominate the market. At the time of writing, the pair has plunged to around 0.8310, with the psychological 0.8300 level looming as a significant support area. Despite […]
The USD/JPY pair recently pulled back to a critical trendline, found support, and is poised for a potential recovery. Despite the correction, the broader uptrend remains intact, with a strong possibility of a renewed push to higher levels. As the pair stabilizes around the 152.55 level, traders are eyeing key […]
The Mexican Peso (MXN) continued its downward spiral on Friday, plunging by 1.85% against the US Dollar (USD), as markets reacted to the potential economic fallout from Donald Trump’s presidential victory. Traders are grappling with the prospect of Trump reinstating tariffs on Mexican imports, exacerbating inflationary pressures and disrupting global […]
The US Dollar strengthened as the week drew to a close, buoyed by a combination of positive economic data and a rate cut by the Federal Reserve. The US Dollar Index (DXY), which tracks the greenback’s performance against a basket of six major currencies, saw notable gains on Friday, closing […]
The Australian Dollar (AUD) took a hit this week, with the AUD/USD pair falling 1.25% to 0.6600 on Friday, weighed down by a resurgent U.S. Dollar and ongoing market reactions to Federal Reserve policy and economic data. While the Reserve Bank of Australia (RBA) maintained interest rates earlier this week, […]
Silver prices slipped below the crucial $31.50 mark on Friday as the U.S. dollar strengthened, following former President Donald Trump’s election win. The XAG/USD is now trading around $31.29, down 2.29% from recent highs, pressured by ongoing dollar strength and lingering bearish momentum that continues to weigh on the metal’s […]
The NZD/JPY currency pair experienced a significant decline on Friday, breaking below a crucial support level and signaling a potential intensification of the bearish trend. Key Factors Driving the Downward Trend: Potential Price Targets: Also read : USD/CHF Price Action- Understanding The Impact Of Trendline Breaks And Moving Averages Overall […]
Gold prices experienced a significant decline on Friday as the US Dollar staged a recovery despite falling Treasury yields. The precious metal has been under pressure as traders reassess the impact of recent political events and potential economic shifts. The recent surge in the US Dollar has eroded the appeal […]
Bitcoin has skyrocketed to new all-time highs following the recent US presidential election, leaving market analysts and investors alike wondering about its future trajectory. Expert Predictions For Bitcoin’s 2024 Price Key analysts and industry leaders have shared their insights into Bitcoin’s potential price action by the end of the year: […]
