US Dollar Retreats As Traders Opt To Take Profits Following Trump Trade Rally
The Greenback trades on the back foot, giving back Thursday’s gains. Fed Chairman Jerome Powell surprised markets by casting doubts over December’s interest-rate cut. The US Dollar index falls back to the mid-106 level and could face further selling pressure. The US Dollar (USD) declines on Friday, breaking a streak of five trading days of […]
The Trump Factor Takes A Toll On Foreign Stocks
The election victory has fueled a strong rally in US equities, but Donald Trump’s comeback is seen as a new risk factor elsewhere as Washington prepares to pivot to the new edition of an “America First” policy.There’s plenty of uncertainty about the details of Trump’s policy plans, such as imposing new tariffs on imports, but […]
Polish Inflation Rises As Energy Price Freeze Extended Into 2025
We have confirmation that Polish CPI rose to 5% YoY in October despite some moderation in core inflation. Authorities plan to extend the electricity price freeze into 2025, which improves the inflation outlook but it’s unlikely to change monetary policy prospects. We still think we’ll see the first rate cute in the second quarter of next […]
Gold Commodity Elliott Wave Technical Analysis
Gold Elliott Wave AnalysisGold is about 9% from its record high in late October. Despite the sell-off, the bias remains bullish from a medium—and long-term perspective. However, despite the expectation that the commodity will return to the upside to continue the bullish trend, the current pullback from October will likely extend lower.Daily Chart AnalysisFrom the long-term Elliott […]
The Dollar Is Soaring Higher, Is The World Crashing?
Image Source: Pexels The dollar index jumped to a more than two-year high leaving everyone to ask why. Some say Trump, others the Fed. They might as well have said it was Burger King (who blames Wendy’s). Though the dollar is rising here in the short run, to really understand what’s going on you have to […]
XAUUSD & BRN Are Under Pressure Amid Stronger Dollar
Gold price drops below $2,560 per ounce Brent crude falls below $72 per barrel Strong US dollar impacts commodity attractiveness Fed rate cut hopes diminish after Powell’s remarks IEA forecasts oil surplus due to rising production A perfect storm of factors is battering the prices of gold and oil, with both commodities experiencing a significant downturn.The value of gold has plummeted below $2,560 per ounce, marking its worst weekly […]
Gold Stabilizes After Bouncing Off 100-Day Moving Average
Gold (XAU/USD) trades little changed on Friday, holding steady in the $2,560s after making a slight recovery from the two-month lows reached on the previous day. A stronger US Dollar (USD) continues to put pressure on Gold since it is mainly priced and traded in the US currency. Sticky US inflation and positive labor market data, as […]
Bitcoin Hits $90K Milestone—Is A Path To $100K On The Horizon? Analyst Weighs In
Bitcoin has reached a major milestone by surpassing the $90,000 price mark, marking a significant moment in its ongoing bullish rally. The price surge has drawn the attention of existing investors and attracted a new wave of market participants.This influx is evidenced by the increase in UTXO (Unspent Transaction Output) Age Bands. This metric tracks […]
EURUSD Faces Decline As Fed Signals Firm Stance
EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials.Federal Reserve Chair Jerome Powell’s recent statement underscored a cautious approach to cutting interest rates, citing persistent GDP growth, robust employment, and ongoing inflationary pressures. This stance […]
Prediction Markets And The 2024 U.S. Elections
The biggest math story of 2016 was the failure of political polls to accurately predict the outcome of the U.S. presidential election. Eight years later, they failed again, suggesting the presidential race would be tight and could go in favor of either candidate. It wasn’t.Expecting a tight race, political fanatics watching established mainstream news outlets for the latest […]
