The GBP/USD and EUR/USD are both trading higher on the day, with GBP/USD outperforming. The GBP/USD is currently up by 0.52%, trading at 1.2618 after testing a low of 1.2615 earlier. Meanwhile, the EUR/USD is up by just 0.05%, recovering from its low of 1.0475 and currently trading at 1.0510. GBP/USD Analysis The GBP/USD has
Month: December 2024
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents,
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran is confronting its worst set of crises in years, facing a spiraling economy along with a series of unprecedented geopolitical and
The Pound Sterling climbs to near 1.2650 against the US Dollar ahead of the release of the flash PMI data for both the UK and the US. This week, investors will focus on monetary policy decisions from the Fed and the BoE as well as UK employment and inflation data. Traders price in an interest-rate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
This trading week might just be a case of “let’s get this over and done with, shall we?” in markets. Everyone knows what is almost certainly going to happen but it is a case of waiting the main events out and getting a glimpse of what these central banks will do going into next year.
Gold February futures contracts at MCX opened flat today at Rs 77,058 per 10 gram, which is down by 0.1% or Rs 78 while silver March futures contracts were trading at Rs 90,956/kg, down by 0.05% or Rs 45. Gold prices fell by Rs 1,900/ 10 grams in the last 3 days while silver prices
The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks. Signs of lingering inflation pressure in the US gives the USD traction. There weren’t any major economic data highlights in Friday’s session. The US Dollar Index (DXY), which measures the
US yields are trading at fresh highs, with the 10-year yield up 7.0 basis points today to 4.395%. This marks a 24-basis-point gain for the week, the largest 1-week jump since mid-January 2024. The rising yields have fueled a strong rally in the USDJPY, which continues to track higher. Key Technical Levels and Price Action
UPCOMING EVENTS: Monday: China Retail Sales and Industrial Production, Japan/Eurozone/UK/US Flash PMIs. Tuesday: UK Employment report, Canada CPI, US Retail Sales, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index. Wednesday: UK CPI, US Housing Starts and Building Permits, FOMC Policy Decision, New Zealand Q3 GDP. Thursday: BoJ Policy Decision, BoE Policy Decision,
Gold nudged higher for a fifth straight session on Thursday to hover near a more than two-week peak, supported by increased expectations of an interest rate cut from the Federal Reserve next week after U.S. inflation data came in line with forecast. FUNDAMENTALS * Spot gold was up about 0.1% at $2,719.79 per ounce, as
Financial planning. Budgeting. Expense tracking. Profit and loss analysis. Data analysis. Spreadsheet software. Productivity. Efficiency. Financial literacy. Personal finance. Business finance. Natalia Gdovskaia | Moment | Getty Images As Adinah Caro-Greene maps out her financial future, there’s a variable that may have held less weight for previous generations: her child. The employee benefits broker said
Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds. Light economic docket sees US Import Prices rise slightly, while Export Prices decline in November. Upcoming decisions by the Fed and Banxico next week could further influence USD/MXN. The Mexican Peso recovered after registering losses on
Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures are likely to slow the pace of policy easing next year. Adding to the caution, inflation uncertainties under the incoming
GBPUSD Technical Analysis: Sellers Regain Control The GBPUSD started the week in a choppy trading range, with buyers repeatedly testing the 200-bar moving average (MA) on the 4-hour chart. Over the first four days (and last Friday), the price briefly moved above this MA multiple times, but each attempt quickly failed. On Thursday, buyers gave
Pres. elect Trump and his Doge team is reportedly looking to eliminate daylight savings time. So there would no longer be a “spring forward” in the 2nd Sunday of March and ending in November. Musk and Ramaswamy have said the U.S. should stop changing its clocks twice a year, calling it inefficient and annoying for
Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. Brent crude futures were down 5 cents at $73.47 a barrel at 0141 GMT.
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