EUR/USD stuck in familiar territory ahead of NFP Friday
The EUR/USD pair hovered within a narrow range on Thursday, as traders exhibited caution ahead of Friday’s pivotal Non-Farm Payrolls (NFP) report. The currency pair, a barometer of risk sentiment and economic outlook, has remained confined to familiar levels as market participants await fresh data to guide expectations on the Federal Reserve’s policy trajectory. Economic […]
Crypto Today: BTC traders hold $90K support as SUI, LTC, TIA see green
Bitcoin (BTC) maintained its $90K support level, signaling resilience despite recent market volatility. Traders have shown confidence in the cryptocurrency, with steady trading volumes helping to stabilize its position. Analysts suggest this threshold is critical for maintaining broader market sentiment, as Bitcoin often sets the pace for the digital asset space. Meanwhile, altcoins like Sui […]
Canadian PM Justin Trudeau: We would definitely respond if Trump does impose tariffs
Canadian Prime Minister Justin Trudeau warned of a firm Canadian response if former U.S. President Donald Trump reinstates tariffs on Canadian goods. The statement comes as speculation grows about Trump’s potential return to protectionist policies, which marked his first presidential term. Trudeau emphasized that Canada is ready to protect its economic interests, citing the importance […]
GBP/USD taps new 14-month low as NFP watch begins
The GBP/USD pair slid to its lowest level in 14 months as investors shifted their attention to the upcoming U.S. Non-Farm Payrolls (NFP) report. The pair dipped below 1.2150 during Thursday’s trading session, reflecting ongoing pressure from a strong U.S. dollar and cautious sentiment ahead of key economic data. The dollar’s strength continues to be […]
Dogecoin Price Forecast: DOGE Open Interest stabilizes at $3.4B as Elon Musk Moves to purchase Liverpool FC
Dogecoin’s market momentum shows signs of stability as open interest for DOGE futures settles at $3.4 billion, a signal of sustained trader engagement despite broader market volatility. The meme-based cryptocurrency has been under scrutiny following reports linking Elon Musk to a potential purchase of Liverpool FC, fueling speculation over its impact on DOGE’s appeal and […]
EUR/USD Price Forecast: Subdued around 1.0300 ahead of US Nonfarm Payrolls
The EUR/USD pair remains steady near the 1.0300 level, with traders cautious ahead of the pivotal US Nonfarm Payrolls (NFP) report. This widely-watched employment data is expected to set the tone for the Federal Reserve’s monetary policy outlook, keeping market participants on edge. The pair has struggled for direction amid mixed economic signals. On the […]
Gold Price Forecast: XAU/USD hovers around $2.670, aims higher
Gold prices are stabilizing around $2,670 per ounce, with market participants closely monitoring potential shifts in sentiment. The precious metal has maintained a tight trading range, driven by mixed signals in economic data and cautious investor positioning. Recent fluctuations in the U.S. dollar and bond yields have added to the uncertainty, yet gold remains supported […]
Buoyant dollar keeps pound, euro, and yen under pressure.
The U.S. dollar remains firmly in control, keeping the pound, euro, and yen under sustained pressure as global markets navigate rising economic uncertainty. Investors have flocked to the greenback as a safe-haven asset, supported by robust U.S. economic data and expectations of a prolonged hawkish stance from the Federal Reserve. Persistent strength in the dollar […]
Oil declines after volatile session as early-year gains fade
Oil prices slipped on Thursday after a turbulent trading session, reflecting fading optimism from early-year gains. Persistent concerns over global demand and uncertainties in the economic outlook have weighed on crude benchmarks, with traders reassessing the sustainability of recent rallies. Market volatility has been fueled by mixed signals, including resilient U.S. economic data and weaker-than-expected […]
Australia’s Trade Surplus increases to 7,079M MoM in November vs. 5,750M expected
Australia’s trade surplus surged to AUD 7.08 billion in November, significantly outperforming market forecasts of AUD 5.75 billion. The higher-than-expected figure was driven by robust exports, which rose 3% month-over-month, outpacing the 2% increase in imports. The latest data highlights the resilience of Australia’s external sector despite global economic uncertainties. Key contributors included strong demand […]