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adjustment - accumulate more waiting for interest rate cuts
#XAU/USD# ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) finds support during the Asian session on Friday, recovering some of the previous day's pullback from a five-week high near $2,726. Safe-haven demand remains strong, driven by ongoing geopolitical t
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USD mixed, CHF weakens on large SNB rate cut – Scotiabank
The US Dollar (USD) is mixed versus its major peers, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD mixed versus majors as markets digest inflation data “The DXY is showing a minor gain on the session, due to losses in the CHF after the SNB cut its policy rate a larger -than-expected 50bp
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How the US-China trade dispute is redefining global trade
Since Donald Trump took office in 2017, trade flows and market shares have changed substantially. We think that shift is set to continue under looming tariffs and a new protectionist environment. China’s declining US market share The global market landscape has undergone significant transformations
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Gold Price Forecast: XAU/USD drifts higher to near $2,650 amid persistent global uncertainties
Gold price edges higher to $2,645 in Monday’s Asian session, up 0.52% on the day. PBoC resumes gold purchases after a six-month pause in November. Traders see an 87% chance of a 25bp rate cut by the Fed on December 18. Gold price (XAU/USD) trades with mild gains around $2,645 during the early Asian
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Monthly news: In the third quarter of 2024, seasonally adjusted GDP increased by 0.3% in the EU
Politics The European Parliament has approved the new European Commission, led by Ursula von der Leyen, by a clear majority. The Commission, which has 27 members, including a president and six vice-presidents, has been in office since 1 December. The new Commission was approved by 370 MEPs, 282 agai
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EUR/USD: French markets stabilize after no confidence vote – Scotiabank
The Euro (EUR) is nudging a little higher following yesterday’s successful noconfidence motion in the French government. The motion brought an end to PM Barnier’s short tenure, Scotiabank’s Chief FX Strategist Shaun Osborne notes. EUR nudges higher “President Macron must now try and find another PM
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Euro steady as France’s government collapses
The euro has been drifting most of this week and remains steady on Thursday. In the European session, EUR/USD is trading at 1.0533, up 0.22% at the time of writing. France in political chaos as government collapses France’s coalition government has collapsed after a no-confidence vote against the go
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USD/JPY: Bearish momentum on daily chart intact – OCBC
USD/JPY traded a low of 148.65 overnight on safe-haven demand, and was last seen at 150.73 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Rebound risks not ruled out near term “Bearish momentum on daily chart intact while RSI shows signs of turning higher from near oversold con
Pull-up Update
