EUR/USD BREAKS ABOVE 50% MIDPOINT, EYES NEXT RESISTANCE LEVELS EUR/USD edges higher, breaking above the 50% midpoint of the range since the September 2022 low (1.04053). The pair has been oscillating around this midpoint over the past five trading days. After the FOMC decision, EUR/USD dropped
ISRAELI ARMY ATTACKS SYRIAN-LEBANESE BORDER INFRASTRUCTURE The Israeli army attacked infrastructure on the Syrian-Lebanese border used to transport weapons. Hezbollah is accused of using civilian infrastructure to transport weapons.
Bank of Japan Decision: The Bank of Japan kept interest rates at 0.25% in its recent meeting and is unlikely to raise them soon. Impact on USD/JPY: This decision has already influenced the USD/JPY exchange rate. Focus on Next Meeting: Traders are now looking ahead to the
Oil Prices Rise: Oil prices increased on Thursday. Reason 1: China's Decisions: China's actions supported the rise. Reason 2: US Oil Data: Initial data on US oil stocks contributed to the increase. Low Trading Volume: The rise happened despite fewer trades due to year-end holidays.
GBP/USD SUBDUED NEAR 1.2500 DUE TO FED RATE CUT EXPECTATIONS GBP/USD remains subdued around 1.2520 due to light trading post-Christmas. US Dollar strengthens as expectations grow for fewer Fed rate cuts next year. The Pound Sterling struggles amid a surprise MPC split vote, suggesting faster monetary
Donald Trump's wealth grew by $3.6 billion this year, reaching $6.1 billion. Most of this increase is due to his 60% ownership in Truth Social's parent company. His stake in Truth Social makes up over half of his net worth. Trump also owns $1.
US DOLLAR STRENGTHENED BY TREASURY YIELDS; OUTLOOK FOR GOLD, GBP/USD, EUR/USD The US Dollar Index (DXY) remains strong at 108.16, supported by higher Treasury yields near 4.6%. Durable Goods Orders dropped by 1.1% in November. Consumer Confidence fell to 104.7 in December, showing mixed
DOW DIPS MORE THAN 100 POINTS, FALLING FOR THE FIRST TIME IN 5 SESSIONS The Dow Jones dropped by 135 points, ending a 5-day streak of gains. The S&P 500 and Nasdaq both fell by 0.3%. The stock market was closed on Wednesday for Christmas Day.
US UNEMPLOYMENT CLAIMS RISE LESS THAN EXPECTED LAST WEEK US Unemployment Claims Data Released: The US Bureau of Labor reported unemployment claims for the week ending December 20. Lower Than Expected: Claims increased by 219,000, below the expected 224,000. Slight Decrease from Last Week: The previous week had
STOCKS CUT EARLIER LOSSES IN THIN TRADING THE DAY AFTER CHRISTMAS Market Overview: Stocks slightly fell in quiet trading after the Christmas holiday. Dow Jones: Dropped 20 points, its first decline in five sessions, after being down by as much as 182 points earlier. S&P 500 and Nasdaq:
CHINA'S ECONOMIC DEVELOPMENTS AND POLICIES UPDATE Wang Yi considers visiting Japan in February, according to Kyodo. China’s 7-day repo rate increases by 15 basis points to 1.7437%. Ministry of Industry and Information Technology (MIIT) forecasts a 5.7% year-on-year increase in industrial output for January to
GOLD RISES ON SAFE-HAVEN DEMAND AS MARKETS EYE 2025 OUTLOOK Gold prices rose on Thursday. The rise was driven by safe-haven demand. Light trading volumes followed the Christmas holiday. Markets are awaiting signals on the U.S. economy under the incoming Trump administration. Investors are also looking for insights on