Gold Holds After 27% Annual Gain as Traders Mull US Rate Path
Gold prices remained stable after a remarkable 27% annual gain, with investors closely watching the Federal Reserve’s potential moves on interest rates. The precious metal’s robust performance reflects its appeal as a hedge against inflation and economic uncertainty, bolstered by fluctuating economic data and geopolitical tensions. Traders are now gauging how upcoming Federal Reserve meetings […]
Lagarde speech: ECB hopes to hit 2% inflation target in 2025
European Central Bank President Christine Lagarde reaffirmed the bank’s commitment to achieving its 2% inflation target by 2025, signaling continued vigilance amid economic uncertainties. Speaking at a conference, Lagarde emphasized the ECB’s readiness to adjust policies as needed, underscoring its priority to ensure price stability across the eurozone. Lagarde’s remarks come as inflation in the […]
AUD/USD holds steady below 0.6200 ahead of Chinese PMI release
The AUD/USD pair stayed below the 0.6200 mark on Thursday, as investors maintained a cautious stance ahead of China’s latest PMI data. The subdued movement reflects concerns over global economic trends, particularly China’s manufacturing activity, which is a key driver of the Australian dollar due to trade ties. Market participants are wary that weak PMI […]
XAU/USD holds stubbornly above $2,600 as the year draws to a close
Gold prices remain resilient, with XAU/USD holding steady above $2,600, as traders assess the implications of ongoing economic uncertainty. The precious metal’s robust performance has been buoyed by persistent inflation concerns and global geopolitical tensions, cementing its status as a safe-haven asset. Despite year-end profit-taking and lighter trading volumes, gold has demonstrated remarkable stability, shrugging […]
Silver price today: Silver falls, according to FXStreet data
Silver prices saw a dip today, reflecting a cautious market tone as traders weighed potential risks in the broader economic landscape. According to FXStreet data, the decline comes amid a recent fluctuation in precious metals, with silver falling from its recent highs as the U.S. dollar firmed and bond yields remained elevated. The drop aligns […]
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550
The GBP/USD pair is attempting to break past the nine-day exponential moving average (EMA) near 1.2550, drawing traders’ attention as it hovers around the upper boundary of its descending channel. This critical zone marks a potential inflection point for the pair, which has struggled to sustain upward momentum in recent sessions. Market participants are closely […]
EUR/USD Price Analysis: Immediate resistance appears at nine-day EMA above 1.0400
The EUR/USD pair has struggled to maintain momentum above the 1.0400 mark, encountering resistance near the nine-day exponential moving average (EMA). After a brief recovery attempt, the currency pair’s upward movement remains capped, reflecting broader market hesitancy amid economic uncertainty. Persistent concerns over Eurozone economic growth and a resilient US dollar have added to the […]
Ethereum Price Forecast: ETH could see new all-time high in 2025 as blobs top burn leaderboard
Ethereum’s price trajectory is showing promise, with analysts predicting a potential all-time high in 2025. Central to this optimism is the network’s increasing efficiency, driven by advancements like blobs, which have significantly impacted ETH’s burn leaderboard. Blobs, a pivotal upgrade improving data handling, have emerged as a key factor in reducing supply by burning ETH, […]
USD/JPY continues to fall toward 156.00 as traders expect BoJ to raise rates in January
The USD/JPY pair extended its decline, inching closer to the 156.00 level as speculation intensifies that the Bank of Japan (BoJ) will raise interest rates in early 2025. This sentiment reflects mounting expectations for a shift in monetary policy after years of ultra-low rates. Market participants are increasingly pricing in a possible rate adjustment in […]
Major market cycles aligning with key price targets
As January approaches, financial analysts are closely monitoring the convergence of long-term market cycles with critical price targets, signaling potential shifts in economic conditions. Since the 2009 conclusion of the global financial crisis, the bull market has persisted, with only brief interruptions, such as the early 2020 downturn. Notably, many investors under 35 have yet […]