Created on January 02, 2025 During the trading session on Tuesday, the first thing that I notice with the gold market is that we continue to hang onto a significant support level in the form of the $2600 level, which of course is a large, round, psychologically significant figure, and an area that has offered

1. Renewed expectations of RBA cuts Weak Q3 growth figures for Australia revived bets of RBA cuts in 2025. The RBA cash rate futures curve has fully priced in 25bp to land in April, June and November. The anticipated -75bp of cuts would then see the RBA’s cash rate lowered from 4.35% to 3.6%. Incoming

eth-usd Arslan Butt•Thursday, January 2, 2025•2 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Share in Facebook “> After Elon Musk, the richest person in the world, momentarily changed his name on X to “Kekius Maximus,” a crypto trader turned

SPX Yearly Chart Chart prepared by James Stanley; data derived from TradingView To be sure, one of the dominating factors of the equity rally over the past two years was the pricing in of eventual rate cuts, which started in September. The only red year that we’ve seen for SPX in the past six years

Created on January 01, 2025 The S&P 500 has been somewhat lackluster during the month of December, just like its counterpart, the NASDAQ 100. The US stock market was a little bit exhausted by the time we got to the month of December, and although I still believe that this is a market that will

eth-usd Ignacio Teson•Wednesday, January 1, 2025•1 min read Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Share in Facebook “> Latin American markets saw little change on Tuesday, but stock and currency indices were set to close 2024 with sharp annual losses,

If you’ve been following our forecasts for the past year, this won’t deviate too far away from what I’ve been tracking on US stocks. In my mind there’s still no reason to give up expectation for bullish continuation. The two-year gain for the S&P 500 at this point stands at a whopping 57%, which would

Created on January 01, 2025 The US dollar has continued to rally rather significantly against the Mexican peso over the last several weeks, but we do get the occasional pullback. I think this continues to be the case, mainly due to the fact that the Donald Trump inauguration is in the month of January, and

Key points: Euro finished 2024 on a weak note Forex markets break for January 1 Favorable outlook for the US dollar Illustration by TradingView Old continent’s currency has almost no good things to look forward to this year. The US dollar? That’s a different animal. The EURUSD pair was seen making no moves to start

China is ramping up its anti-crypto measures with new foreign exchange regulations, making it harder for residents to engage in crypto trading. According to South China Morning Post, these rules, unveiled on Dec. 31, mandate banks to monitor the identity of traders, the source of their funds, and trading patterns. The goal? To clamp down on

Created on January 01, 2025 The GBP/USD pair struggled to withstand the strength of the US dollar throughout 2024. However, the sterling’s resilience crumbled rapidly following the announcement of Trump’s victory in the US presidential election. As a result, the GBP/USD pair plummeted towards the support level of 1.2475, its lowest level in seven months,

China has imposed new forex regulations that will force banks to closely monitor and report transactions involving crypto assets, further escalating the country’s years-long crackdown on cryptocurrency activities. The measures are intended to rein in illegal cross-border financial activities such as underground banking, cross-border gambling, and crypto trading. In accordance with the 31 December report

Created on December 31, 2024 The Canadian dollar rallied rather significantly against the Swiss franc during the trading session on Monday to break towards the 0.63 level. The market has also broken above the 50 day EMA, which of course is a very bullish sign. The fact that the Canadian dollar can rally against almost

MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields

Created on December 31, 2024 The USD/BRL finds itself trading within the higher realms of its long-term price range, this as holiday trading has created some calm and allowed financial houses to put off their worries until next week. The USD/BRL remains with the upper limits of its price range and closed yesterday’s trading near

Created on December 31, 2024 We initially tried to rally a bit and recover, but I think it’s obvious that the only currency that you want to own as far as the majors will be the US dollar. Interest rates continue to favor the US dollar as they are going higher, despite the fact that

Created on December 31, 2024 During my daily analysis of Bitcoin, the first thing I see is that we are in fact struggling a bit. It’s worth noting that we recently have seen a lot of noise in this market, and perhaps a little bit of a “get back” due to the fact that Bitcoin

Summary 2024 was a wild year for USD/JPY, with shifting interest rate dynamics and Donald Trump’s re-election as US President driving significant market moves. This report explores the critical factors behind the price action, including relative economic performance, policy responses from the Fed and BoJ, along with the importance of continued buoyancy in asset valuations.