EUR/USD PRICE FORECAST: CONSOLIDATIVE PHASE AROUND 1.0500 CONTINUES The EUR/USD pair is staying around the 1.0500 level, with small movements in a 60-pip range. It has posted slight gains but lacks a clear direction. Investors are cautious ahead of the U.S. Federal Reserve's
US MARKETS SIZZLE, WHILE GLOBAL MARKETS FIZZLE Wall Street is doing very well as traders prepare for important interest rate decisions from central banks around the world. The U.S. economy is growing strongly, its best since October 2021, boosting market confidence. The U.S. services sector is performing better
Goldman Sachs shared its prediction about US Federal Reserve actions. They expect no interest rate cuts at the January meeting. The Federal Reserve is likely to hint at slower rate cuts in the future. This may be discussed in the Federal Open Market Committee meeting this week.
Bitcoin Hits Record High: Bitcoin's price jumped nearly $4,000, reaching a new all-time high of $107,000. Market Optimism: Investors are optimistic about the future of digital currencies. Donald Trump's Role: President-elect Donald Trump hinted at "something amazing" planned for the digital currency
The U.S. Federal Reserve is expected to cut interest rates by 25 basis points at its December 17-18 meeting. Updated economic forecasts will be released, showing plans for rate cuts in 2025 and possibly 2026. The Fed faces challenges like high inflation, a strong job market, U.S. election
The US dollar index dropped slightly for the second consecutive session on Monday. Traders are awaiting the US Federal Reserve’s final monetary policy decision for the year. Markets expect a 25 basis point interest rate cut. The CME Group’s tracker shows a 99.1% chance of this rate
The US dollar dropped slightly on Monday, continuing losses for the second day. The dollar moved away from its two-week high due to profit-taking and corrections. A halt in the rise of 10-year US Treasury bond yields also added pressure. Investors are waiting for key US economic data to gauge
Oil prices fell on Monday after reaching high levels recently. The drop was due to weak consumer spending data from China. China is the world's largest importer of oil, so its economy heavily impacts oil demand.
CHINESE FOREIGN MINISTER WANG YI DELIVERS KEYNOTE ADDRESS China's yuan is set at 7.2819 to 7.2875 range, as estimated in a survey. The official yuan fixing is reported at 7.2847. The People's Bank of China injects 355.4 billion yuan into the market
GOLD EDGES HIGHER AHEAD OF FED MEETING Gold prices moved slightly higher on Monday. Investors are expecting the Federal Reserve to cut interest rates this week. The market is watching for the Fed's comments on potential rate cuts next year.
Stock futures stayed mostly unchanged on Monday morning. The Dow Jones Industrial Average futures rose slightly by 49 points (about 0.1%). S&P 500 futures also went up by less than 0.1%. Nasdaq 100 futures barely moved, staying close to flat. Investors are watching closely for a
GOLD WEEKLY FORECAST (DECEMBER 2024) Gold lost bullish momentum after failing to hold above $2,700. Buyers are hesitant, and markets are cautious. The Federal Reserve’s policy announcements on Wednesday could be a key driver for gold prices moving forward. Gold prices initially rose after China's central