Sterling Falters Amid UK Business Confidence Drop and Fed-Driven Dollar Rally The British pound started the week sluggishly against the U.S. dollar as a survey highlighted a dip in UK business confidence, and traders continued to assess the dollar’s rally fueled by the Federal Reserve’s cautious stance. Key Takeaways: UK Business Confidence Hits 2024 Low: […]

Santa Claus Rally Fuels Optimism as Stocks Rise U.S. stock futures climbed Monday after the S&P 500 logged its biggest gain since early November on Friday, sparking hopes for a year-end “Santa Claus rally.” Cooling inflation data, with PCE prices rising less than expected, added to the market’s optimism. In political developments, President Biden signed […]

Dollar Holds Steady Ahead of Fed Decision; Central Banks in Focus Dollar steady as markets await Fed’s “hawkish cut” and updated 2025 projections. Yen and global rivals brace for key central bank meetings this week. Robust U.S. retail sales and cautious BOJ signals drive currency moves. #USD #Fed #Forex #CentralBanks The U.S. dollar held firm […]

November Retail Sales Surprise Wall Street US retail sales rose 0.7% in November, surpassing economists’ expectations of a 0.6% increase. The American consumer remains resilient as the holiday shopping season kicks off strong! Revised October Data Adds More Optimism October retail sales were revised upward to 0.5% (previously 0.4%), further fueling confidence in consumer spending. […]

Dollar Steady Ahead of Fed Decision; Global Currencies Eye Central Bank Moves Dollar holds near peaks as Fed readies a likely rate cut, with traders raising long-term rate expectations. Euro and yen stay weak ahead of global central bank decisions this week. Canadian dollar hits 4.5-year low amid political turmoil. #USD #Fed #Forex The dollar […]

Dollar Poised for Strong Weekly Gain Amid Fed Policy Outlook; Sterling Falls on UK Contraction The dollar heads for its best week in a month, fueled by slower Fed rate cut expectations for 2025. Meanwhile, sterling drops after a surprise UK contraction, and the yen weakens as reports suggest the BOJ may skip a rate […]

Key Highlights on the BOJ’s December Rate Decision: Is the BOJ’s cautious approach to rate hikes justified amidst Japan’s fragile economic recovery? No December Hike Expected: A Reuters poll shows 58% of economists expect the Bank of Japan (BOJ) to maintain its rate at 0.25% during the December meeting. Focus Shifts to January: Analysts anticipate […]

ECB Cuts Interest Rates for the Fourth Time in 2024: Key Highlights Is the ECB’s continued rate cutting a sign of effective inflation control, or does it reveal deeper economic vulnerabilities within the Eurozone? Rate Cut Details: The European Central Bank (ECB) lowered the deposit rate to 3.0%, down from 3.25%, marking its fourth reduction […]

Dollar Holds Gains as Fed Rate Cut Looms; Aussie Surges on Strong Jobs Data The U.S. dollar steadies after hitting a 2-week high, as markets brace for the Fed’s expected rate cut next week. Meanwhile, the Aussie jumps on upbeat jobs data, and all eyes are on the ECB’s big decision today. Is the dollar’s […]

Gold’s Path to $3,000 by 2025: Goldman Sachs’ Bold Call Goldman Sachs forecasts gold prices could reach $3,000 an ounce by late 2025, despite a potentially strong U.S. dollar. The key drivers? Anticipated Federal Reserve rate cuts, central bank gold purchases, and global geopolitical tensions. Lower interest rates are expected to boost gold’s appeal by […]