The Yen trims some losses following higher than expected inflation levels in Japan. The hot inflation figures have increased hopes of a BoJ hike in January. Technically, the pair is correcting lower, after having reached strongly overbought levels. The Yen
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Image Source: Pexels November retail sales exceeded expectations as purchases continued to improve after a surprisingly weak September. Data indicates that private consumption, which hit a soft patch in 3Q24, improved again, remaining the main driver of economic growth in 2024. We
Image Source: Pexels At the end of Thursday, the Dow Jones Index (US30) was up 0.04%. The S&P 500 Index (US500) decreased 0.09%. The Nasdaq Technology Index (US100) lost 0.47%. The US economic reports released on Thursday were mostly stronger than
Image Source: Unsplash There has been a ton of selling over the last two days in the stock market and may feel like we are at just the beginning of a prolonged stock market sell-off, but I would argue we may
Photo by Timothy Newman on Unsplash Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure. The market is poised to close the week with losses as a robust US dollar weighs heavily on commodity prices.This week,
Image Source: Unsplash All-time Highs For GoldThe intra-day high for spot gold in 2024 is $2785 oz. That is an increase of 34% over its closing price of $2062 oz at the end of 2023. Indeed, gold holders are happy campers
Image Source: Pixabay While everyone is hanging on the Fed and the FOMC’s indecision about how many rate cuts next year, there are currency crises – plural – beginning to break out in key places. One of those is Brazil where
XAUUSD holds near $2,600, facing weekly decline Fed projects cautious easing, two rate cuts projected for 2024 Strong US GDP and spending limit gold’s appeal Weak demand in India expected to hurt gold imports Despite challenges, gold up 26% YTD Gold hovers right above $2,600 level, poised for a weekly drop due
EUR/USD holds the immediate support of 1.0340, but the Fed’s hawkish cut weights on the pair in the broader term. Investors await the US PCE inflation data for fresh guidance on the US interest rate outlook. ECB’s Patsalides pushes back
Image source: Pixabay We saw three big central bank decisions this week and the results were consistent with the way things have been going. In recent months, there has been a clear divergence in monetary policy between the Fed and other
