Gold traders have been on high alert as prices coiled into a symmetrical triangle pattern for several weeks, hinting at a potential breakout. Recent sessions have confirmed those bullish suspicions, with gold futures pushing decisively above the upper boundary of the triangle. Now, many market participants are revising their price
As we approach the week of January 27 to January 31, 2025, several significant economic events are poised to influence global financial markets. Investors and analysts should closely monitor these developments to navigate potential market fluctuations effectively. Key Economic Events: Top 10 Stocks and Currencies Likely to Be Impacted: Conclusion:
In a dramatic show of executive power, President Donald Trump signed more than 40 executive orders on his very first day back in office, reversing many of President Joe Biden’s policies and putting a new stamp on federal priorities. Recent reports from agencies like the U.S. Customs and Border Protection
The global economy surprised on the upside in 2024 but looks set to face rougher waters in 2025. Across-the-board tariffs are poised to squeeze both international trade and foreign direct investment, while persistently elevated interest rates threaten to curb consumer spending and business outlays. Adding to the strain, the U.S.
EUR/JPY Soars to One-Week High, Approaching Mid-16200s as Japanese Yen Weakens Overview The EUR/JPY cross attracts follow-through buyers for the fourth straight day on Wednesday and looks to build on its recovery from the 159.70-159.65 area, or over a one-month low touched last week. The intraday positive move lifts spot
GBP/USD Update: Pound Plummets as UK Labor Data Disappoints and BOE Dovish Bets Rise The Pound Sterling (GBP) surrenders its marginal gains against its major peers on Tuesday in the aftermath of the United Kingdom (UK) labor market data for three months ending November. The initial reaction from the British
The EUR/USD currency pair, one of the most closely followed in global forex markets, is at a critical juncture as 2025 begins. A confluence of chart signals, Eurozone economic data, geopolitical developments, and evolving analyst forecasts points to significant potential shifts in its trajectory. Here’s a deep dive into the
Unlocking the Secrets of the Japanese Yen: A Look at USD/JPY and CAD/JPY Before the BOJ Meeting The Impact of Interest Rate Differentials on the Japanese Yen The narrowing interest rate differentials between Japan and the rest of the world has been a key theme in the improving Japanese yen
GBP/USD on the Rise: What to Expect from UK Labor Figures Introduction GBP/USD rose 1.35% on Monday, gaining ground and climbing back over the 1.2300 handle as markets breathe a collective sigh of relief after freshly-minted US President Donald Trump made a last-minute pivot away from a broad, sweeping policy
As January 2025 progresses, several significant economic events are slated to occur worldwide, offering insights into the health and direction of various economies. January 20, 2025: China’s Loan Prime Rates Announcement The People’s Bank of China is set to announce its Loan Prime Rates (LPR) for 1-year and 5-year terms.
As of January 2025, the United Kingdom’s economy presents a complex tapestry of modest growth, strategic international collaborations, and internal policy shifts aimed at fostering long-term stability. Economic Performance and Indicators Recent data indicates that the UK’s Gross Domestic Product (GDP) experienced no growth in the third quarter of 2024,
The USDJPY currency pair has experienced a notable uptick, reaching the 156.00 level, influenced by robust Japanese economic data and increasing expectations of a potential interest rate hike by the Bank of Japan (BoJ). Japanese Economic Indicators Signal Strength Recent data highlights a positive trajectory for Japan’s economy: Anticipation of
Gold Holds Steady at $2,700 as Trump’s Inauguration Approaches Gold’s Response to Trump’s Policies Gold’s price (XAU/USD) remains steady at $2,700 on Monday, with traders closely watching as President-elect Donald Trump is set to be inaugurated as the 47th United States President. The precious metal saw a slight decline earlier
Gold Price Soars Above $2,700, But How High Can It Go Before Trump’s Inauguration? Gold Price Attracts Dip Buyers Amidst Weakening US Dollar The gold price (XAU/USD) has been on a bullish run, reaching above $2,700 and attracting dip-buyers near the $2,689 region during the Asian session on Monday. This
Breaking Down the Latest Forex News: Canadian Dollar Predicted to Soar as USD/CAD Reacts to Trump’s Tariffs A Closer Look at the USD/CAD Trend Last week was a rollercoaster ride for the USD/CAD pair, with two distinct trends playing out. The pair initially pulled back through Wednesday, only to experience
Uncovering the Future of EUR/USD: A Forex Analysis for Friday, January 17, 2025 Introduction While the major indices rallied, FX markets were fairly contained in the first half of Friday’s session, with the EUR/USD trading flat around the 1.03 handle. Other euro crosses were all higher as risk appetite improved
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