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AUD/USD Trades Sideways Slightly Above 0.6200 As US PCE Inflation Takes Centre Stage

AUD/USD Trades Sideways Slightly Above 0.6200 As US PCE Inflation Takes Centre Stage

The AUD/USD pair trades inside Thursday’s trading range slightly above the two-year low of 0.6200 near 0.6230. The Aussie pair exhibits volatility contraction, with investors focusing on the United States (US) Personal Consumption Expenditure Price Index (PCE) data for November, which will be published at 13:30 GMT.The US Dollar Index (DXY), which tracks the Greenback’s value against six […]
The Fartcoin Explosion, A Sign Of The Fed’s Failure

The Fartcoin Explosion, A Sign Of The Fed’s Failure

Western investor sentiment towards gold is at an all-time low, while we have literally been witnessing a gold rush in Asian countries for the past two years.ETF outflows persist, particularly in Europe, while India and China step up gold purchases.Why are the Chinese and Indians buying physical gold, while financial institutions in Western countries are reducing their exposure […]
FedEx Freight Valuation Projected Between $30-35 Billion Post-Spinoff

FedEx Freight Valuation Projected Between $30-35 Billion Post-Spinoff

Image Source: Unsplash  FedEx (NYSE: FDX) has announced a significant strategic move by deciding to spin off its freight truckload segment. This decision is expected to enhance the company’s focus on its core operations while addressing existing challenges within the shipping industry.The separation is projected to conclude within 18 months, marking a pivotal shift for the shipping […]
US Dollar Hits Fresh Two-Year High Ahead Of PCE Inflation

US Dollar Hits Fresh Two-Year High Ahead Of PCE Inflation

The US Dollar hits another two-year high in Asian trading on Friday but retreats afterwards. Besides the US PCE inflation release, Quadruple Witching – the simultaneous expiration of four types of derivative contracts – will take place.  The US Dollar Index (DXY) reached 108.55 before facing some profit-taking.  The US Dollar (USD) retreats slightly on […]
Polish Consumers Show Renewed Enthusiasm In November

Polish Consumers Show Renewed Enthusiasm In November

Image Source: Pexels  November retail sales exceeded expectations as purchases continued to improve after a surprisingly weak September. Data indicates that private consumption, which hit a soft patch in 3Q24, improved again, remaining the main driver of economic growth in 2024. We see upside risk to our forecast of economic growth of 2.7% this year.Retail sales of […]
Riksbank And Banxico Cut Interest Rates By 0.25%

Riksbank And Banxico Cut Interest Rates By 0.25%

Image Source: Pexels  At the end of Thursday, the Dow Jones Index (US30) was up 0.04%. The S&P 500 Index (US500) decreased 0.09%. The Nasdaq Technology Index (US100) lost 0.47%. The US economic reports released on Thursday were mostly stronger than expected and pushed bond yields to a 6-month high, which pressured the indices. The US […]
Time For A Stock Market Bounce

Time For A Stock Market Bounce

Image Source: Unsplash  There has been a ton of selling over the last two days in the stock market and may feel like we are at just the beginning of a prolonged stock market sell-off, but I would argue we may be at the end of the selling for stocks – at least for now.Video Length: […]
Brent Oil Under Pressure Again: USD And China In Focus

Brent Oil Under Pressure Again: USD And China In Focus

Photo by Timothy Newman on Unsplash  Brent crude oil prices fell below 73 USD per barrel on Friday, reflecting ongoing downward pressure. The market is poised to close the week with losses as a robust US dollar weighs heavily on commodity prices.This week, the US Federal Reserve signaled a measured approach to reducing borrowing costs in 2025, sending […]
Still No New Highs For Gold Since 1980

Still No New Highs For Gold Since 1980

Image Source: Unsplash  All-time Highs For GoldThe intra-day high for spot gold in 2024 is $2785 oz. That is an increase of 34% over its closing price of $2062 oz at the end of 2023. Indeed, gold holders are happy campers and their confidence and trust is emboldened and confirmed.As the gold price continued to climb […]
A Global Currency Crisis Has Begun

A Global Currency Crisis Has Begun

Image Source: Pixabay  While everyone is hanging on the Fed and the FOMC’s indecision about how many rate cuts next year, there are currency crises – plural – beginning to break out in key places. One of those is Brazil where it has gotten so dangerous the country’s central bank is now regularly intervening in FX […]