TOP 10 COUNTRIES WITH HIGHEST GOLD RESERVES IN 2024: INDIA MOVES UP THE RANKS! United States: The US holds the largest gold reserves, with 8,133.46 tonnes as of Q3 2024. Germany: Germany ranks second with 3,351.53 tonnes in gold reserves by the end of Q3 2024.
EUR/USD PRICE FORECAST: OUTLOOK REMAINS SUBDUED BELOW 1.0840 EUR/USD regained balance, advancing towards the key 1.0600 level, showing a positive start to the week after fading Friday’s decline. The US Dollar remains cautious ahead of the US Consumer Price Index (CPI) release, with alternating gains
XAU/USD CURRENT PRICE: $2,667.29 PBoC Resumes Gold Buying: The People’s Bank of China (PBoC) resumed purchasing gold after a six-month pause, boosting demand for the precious metal. US Dollar Softens: The US Dollar trades with a soft tone as investors await key central bank announcements and
HOW HIGH SOLANA CAN RALLY IN DECEMBER, AND CAN SOL BEAT XRP? Solana (SOL) has been consolidating after reaching an all-time high of $264.39 on November 22. The price slipped 15% from this peak, but remains steady above the $215 support level. Despite consolidation, Solana’s open interest remains
RBA GOVERNOR BULLICK TO ADDRESS PRESS CONFERENCE AFTER INTEREST RATE DECISION RBA Keeps Interest Rate at 4.35%: The Reserve Bank of Australia (RBA) left the Official Cash Rate (OCR) unchanged at 4.35%, maintaining this for the ninth consecutive meeting. Governor Michele Bullock’s Press Conference: RBA Governor Michele
Three Forex Fundamental Trading Secrets Most Traders Ignore The 3 M's of Forex: Successful forex trading depends on understanding macro, micro, and monetary policy factors that drive currency movements. News events can create quick profit opportunities by causing sudden market shifts. Economic reports shape short-term market trends and
XAU/USD Rebounds on Geopolitical Risks, Will It Last? Gold rebounded from weekly lows, testing $2,650 early Monday, as geopolitical tensions in the Middle East boosted demand for safe-haven assets. The US Dollar is recovering from strong jobs data, but rising geopolitical risks in the Middle East are providing
Fed Expected to Cut Rates in December and January: RBC Analysis RBC anticipates two 25 basis point rate cuts: December 17-18 FOMC meeting: A 25bp rate cut is expected. January 31-February 1, 2025, meeting: Another 25bp rate cut is anticipated. Reasons for rate cuts: The pace of easing has slowed.
Australian November business confidence and conditions coming up at the bottom of the hour Business Confidence: Improved significantly, rising 7 points to +5, the highest since early 2023. Business Conditions: Stable at +7 index points. Trading Conditions: Slight increase, up 1 point to +13. Profitability: Steady at +5 index points.
After Trump's election victory, the US dollar is showing similarities to 2016 rally. The US dollar is showing similar behavior to how it reacted after Trump's 2016 election win. In 2016, the dollar rose quickly, paused, and then gained strength again in 2017. Analysts believe the
JAPANESE YEN TOUCHES OVER ONE-WEEK LOW AGAINST USD; LACKS FOLLOW-THROUGH SELLING Bank of Japan (BoJ) Rate Hike Uncertainty: Doubts about the BoJ's ability to raise interest rates further weigh on the Japanese Yen (JPY). Mixed signals from BoJ officials about future rate hikes contribute to market uncertainty. US
WEALTH MANAGEMENT FIRM PREDICTS BITCOIN WILL OUTPERFORM GOLD Bitcoin's Growth: Bernstein Wealth Management predicts Bitcoin will surpass gold as the top store of value in the next 10 years. Historic Surge: Bitcoin recently exceeded $100,000 on December 5. Future Projection: Bitcoin could reach $200,000 by the