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Dollar Buoys by Strong U.S. Treasury Yield
Market Summary The financial market remains exceptionally quiet as the New Year holiday approaches, with most asset classes trading in a sideways manner. The dollar index has also been range-bound since last Monday, but the U.S. Treasury yield continues to climb, reaching its highest level since May—a factor that could potentially strengthen the dollar further.Continue Reading
Written on December 30, 2024 at 6:26 am
Categories: Daily Market Analysis
Tags: dollar, fed, Gold, Treasury Yield
Gold prices up as global uncertainties ahead in 2025
Fundamental Analysis * Gold might rise due to uncertainty ahead: Gold prices (XAU/USD) remain buoyant near $2,625 as global geopolitical and economic uncertainties heighten safe-haven demand. Rising concerns over Donald Trump’s trade policies, escalating Middle East tensions, and the ongoing Russia-Ukraine conflict are likely to sustain upward pressure on gold. However, the Federal Reserve’s cautiousContinue Reading
Written on December 30, 2024 at 3:18 am
Categories: Trade Of The Day
Tags: 2025, Gold, uncertainties
Greenback Rallies on Fed Hike Bets
Market Summary The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback’s upward trajectory. Oil prices retreated during holiday trading due to dollar strength and profit-taking after recent gainsContinue Reading
Written on December 27, 2024 at 9:00 am
Categories: Daily Market Analysis
Tags: dollar, fed, Gold, initial jobless claims
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