Gold price edges lower to $2,600 in Tuesday’s early Asian session. The Fed’s cautious stance might drag the precious metal lower.  Uncertainty and geopolitical tensions could boost Gold price, a traditional safe-haven asset. The Gold price (XAU/USD) attracts some sellers to near $2,600 during the early Asian section on Tuesday. Traders await fresh catalysts, including
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The forex markets remain subdued as traders maintain a cautious stance ahead of the New Year. European major are notably weaker, with Swiss Franc leading the declines. Euro is also under pressure, while Sterling has shown resilience, managing to avoid sharper losses. Meanwhile, Yen has staged a modest recovery, supported by easing US and European
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The official PMIs from China’s National Bureau of Statistics (NBS) will be published today. I’ve referred to ‘green shoots’ beginning, tentatively, to show for the Chinese economy. PMIs have been key to this. In H2 of 2024 manufacturing has improved, slowly, while services have held in expansion. Manufacturing PMI: July 2024: 49.4, indicating contraction in
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As we enter January, we have a series of very unusual long term cycles come together. Every few years we see long term cycles – monthly cycles align across a series of instruments. This is a rare occurrence and often portends a significant shift in economic conditions. There are some potential incredible opportunities. Here is
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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
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China’s central government has urged local authorities to provide financial aid to people facing high living costs, particularly in the lead-up to the New Year and Lunar New Year festivals. Municipalities that can afford it are encouraged to offer subsidies, temporarily reduce prices, and link social assistance to price levels, according to the Ministry of
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NZD/JPY inches higher on Friday, touching 88.90 and holding recent upside momentum. MACD bars remain green but have flattened, signaling cautious optimism amid lingering downside risks. RSI moves up to 51, entering positive territory as buyers tentatively return. NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since
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