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Euro Slips Amid Quiet Holiday Session and Dovish ECB Tone
Fundamental Analysis * Holiday Hush: The Euro drifted lower against the U.S. dollar amid subdued trading activity, as many traders remained on holiday ahead of the New Year. Sentiment was dampened by a dovish tone from the European Central Bank (ECB), with Governing Council member Boris Vujcic indicating that further rate cuts are likely ifContinue Reading
Written on December 27, 2024 at 2:16 am
Categories: Trade Of The Day
Markets in Flux: Fed Signals, Geopolitical Tensions, and Oil Gains
Market Summary The Dollar Index held steady amid subdued holiday trading but maintained a positive trajectory, reflecting hawkish sentiment from the Federal Reserve. Fed officials signaled potential policy tightening in 2025, supported by a resilient economic recovery, keeping investors focused on upcoming US economic indicators for further direction. Gold prices consolidated near the critical supportContinue Reading
Written on December 26, 2024 at 3:33 am
Categories: Daily Market Analysis
Japanese Yen Extend Losses Amid BoJ Rate Hike Ambiguity
Fundamental Analysis * Rate Hike Skepticism: The Japanese Yen struggles to find buyers against the U.S. Dollar as investors remain doubtful about the Bank of Japan’s (BoJ) plans for a rate hike. Minutes from the BoJ meeting, released on Tuesday, highlighted the potential for gradual rate increases if inflation trends align with expectations, possibly reachingContinue Reading
Written on December 26, 2024 at 2:12 am
Categories: Trade Of The Day
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