NZD/USD holds below 0.5600 on stronger US Dollar, eyes on US PMI data
The NZD/USD pair remains under pressure, trading below the critical 0.5600 mark as the US Dollar continues to gain strength. Market sentiment has been bolstered by robust US economic data, which has heightened expectations for Federal Reserve tightening, putting additional weight on the New Zealand Dollar. Investors are now closely watching the upcoming US PMI […]
GBP/USD plunges to new lows to kick off the new trading year
The GBP/USD pair dropped sharply as the first trading session of the year opened, reflecting market uncertainties surrounding the UK and US economies. Investors shed the pound amidst a strengthening dollar, driven by robust economic data and heightened expectations of further Federal Reserve rate hikes. This marked the pair’s lowest point in months, amplifying concerns […]
Gold Price Forecast: XAU/USD flat lines above $2,650 ahead of US PMI release
Gold prices held firm above $2,650 in early trading, with investors exercising caution ahead of the release of critical US PMI data. The market anticipates insights into the economic outlook, as the Purchasing Managers’ Index will provide a gauge of business activity and potential growth trajectory. This steady performance in gold reflects broader uncertainty as […]
AUD/USD hung out to dry on familiar low end
The AUD/USD is testing the lower range of its recent trading channel, reflecting market skepticism and lingering concerns over global economic stability. As investors weigh risks, the currency pair has struggled to break free from its downward trajectory, inching closer to levels last seen during periods of heightened volatility. Renewed strength in the U.S. dollar, […]
Solar Stocks Get Boost From Record Tesla Energy Storage Deployments
Solar stocks surged after Tesla reported record energy storage deployments in its latest quarterly update. The company installed a staggering 4.2 gigawatt-hours of energy storage systems, a significant jump from the prior quarter, underscoring the growing demand for renewable energy solutions. Tesla’s energy division has increasingly become a cornerstone of its growth strategy, positioning itself […]
Meme coin market cap grew 500% in 2024, can they replicate same performance in 2025?
The meme coin market delivered an unprecedented surge in 2024, with its market cap climbing by 500%, signaling renewed investor interest in speculative digital assets. Key players like Dogecoin and Shiba Inu fueled this growth, benefiting from increased retail trading and social media hype. The expansion outpaced broader cryptocurrency market trends, drawing parallels to the […]
Oil Kicks Off New Year Higher on Signs of Lower US Stockpiles
Oil prices edged higher at the start of the year, fueled by expectations of lower US crude stockpiles and optimism over global demand. Investors are betting on tighter supplies as preliminary data suggests a drawdown in inventories, signaling stronger-than-expected consumption during the holiday season. The market also remains supported by recent production cuts from OPEC+ […]
Bank of Korea governor says monetary easing this year will be flexible
The Bank of Korea’s governor, Rhee Chang-yong, has signaled a more flexible approach to monetary easing this year, highlighting the central bank’s readiness to adapt to shifting economic conditions. Speaking at a press briefing, Rhee emphasized the need to balance inflation concerns with supporting economic growth, as South Korea grapples with slowing exports and weak […]
South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows
South Korea’s manufacturing sector ended 2024 on a somber note as factory activity contracted further in December, according to the latest Purchasing Managers’ Index (PMI). The index dropped to 48.2, signaling a sharper downturn from November’s 49.1 and reflecting heightened challenges for businesses amid weakening global demand. A reading below 50 indicates contraction in activity. […]
Gold Price Forecast: XAU/USD posts modest gains above $2,600, focus on Trump policies
Gold prices climbed modestly above $2,600, supported by investor interest amid ongoing speculation about future U.S. economic policies under the Trump administration. The precious metal’s gains reflect cautious optimism in financial markets, as traders assess the potential impacts of regulatory changes and fiscal stimulus. Analysts point to gold’s resilience, even as the dollar strengthens, suggesting […]
