GOLD PRICE FORECAST: XAU/USD PIERCES $2,600 AMID RISK AVERSION
CURRENT PRICE: XAU/USD at $2,599.81.
Market movements are exaggerated due to thin trading volumes ahead of New Year's Eve.
Uncertainty about the new year pushes investors towards safe-haven assets.
XAU/USD accelerated its decline after Wall Street's opening, aiming to test the monthly low.
JAPANESE YEN FUTURES ANALYSIS FOR JANUARY 20, 2025 The Japanese Yen Futures (6J) are trading at 0.0064570, above the key level of 0.0064530, which suggests a bullish trend. Bullish key levels for today include: 0.0064615: Resistance level, could be a point for profit-taking. 0.0064755: The first
Bitcoin ETFs in the U.S. received a lot of money for the second day in a row. On January 16, investors put in about $626.15 million. This happened because Bitcoin’s price went above $100,000. People are hopeful about new rules from the upcoming U.S. government
WEEK AHEAD – MARKETS ON EDGE AHEAD OF TRUMP’S INAUGURATION AND BOJ DECISION Markets are preparing for Trump’s inauguration and its impact. The Bank of Japan (BoJ) is expected to raise rates at its first meeting of 2025. Euro and Pound traders will focus on PMI data. Canada and
BRICS is not planning to stop using the US dollar in trade. Most BRICS countries keep a large part of their money in US dollars. BRICS wants to make trade easier between member countries. They do not want to create problems with other countries. A Brazilian official shared this information