Dollar Bolsters by Upbeat U.S. Economic Indicators

The U.S. dollar reached a 2-year high on the back of strong economic indicators released yesterday. Safe-haven gold remains under strong downside pressure as lacking of a catalyst. Watch todays UK Ret

Today's Financial Headlines: A Quick Rundown

Market Overview The Federal Reserve announced a 25-basis-point rate cut yesterday. Despite this move, the dollar gained strength rather than weakening, contrary to some market expectation

Christmas Around The Corner, Quiet Markets Expected

Monday, 23 December 2024, 09:00UK GDP (YoY) (Q3)In November, the UKs preliminary GDP reading for the third quarter of 2024 showed a 1.0% increase, surpassing market expectations of 0.1% and improving

FRIDAY TRADING    

BUY GOLD 2555 and below target 2617SELLGOLD 2622 and above target 2560BUY EURUSD 10320 target 10415SELL EURUSD 10433 target 10320BUY GBPUSD 12455 target 12570SELL GBPUSD 12565 target 12445BUY USDJPY 1

Analysis of today's market

On Thursday, gold prices rebounded from Wednesday's sharp decline, gaining 0.20%. Gold had fallen sharply earlier following the Federal Reserve's decision to adopt a more gradual stance and oppose thr

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Fed's 2025 Outlook: Inflation Concerns Take Center Stage Again

Federal Reserve officials implemented their third consecutive rate cut this year, lowering the benchmark interest rate to a target range of 4.25%-4.5%. Besides, the number of rate cuts planned for nex

【MACRO Insight】The market reacted strongly to the Fed’s third rate cut, and expectations for future

At the policy meeting on December 19, the U.S. Federal Reserve (Fed) announced its third interest rate cut this year, a 25 basis point cut, adjusting the federal funds rate target range to 4.25%-4.5%.

The Fed's reduced rate cut forecast boosted the dollar, dropping gold by $60 below $2600.

On Wednesday, the Federal Reserve unexpectedly halved its expectation of a rate cut next year, causing the US dollar index to violently rise 120 points and ultimately close up 1.228% at 108.26, settin

Understanding the DXY Index: A Key to Forex and Global Market Insights

In this article, we take a comprehensive look at the U.S. Dollar Index (DXY), a pivotal indicator for tracking the performance of the U.S. dollar in the global financial landscape. Often referred to a

Dollar Jumps on Fed’s Hawkish Remark

The dollar strengthened to its 2-year high on the Feds Hawkish remark. Eyes on todays BoE interest rate decision to gauge the Pound Sterlings strength. Dow Jones dropped more than 2.5% in yesterdays s

DBG Markets: Market Report for Dec 19, 2024

Market OverviewGOLD - Gold plunged following the Federal Reserves rate cut announcement, as officials signaled a slower pace of rate cuts in the coming year. The outcome aligned with market expectatio

Quick Hits from Today's Markets

Market Analysis GOLD - Gold plunged following the Federal Reserve's rate cut announcement, as officials signaled a slower pace of rate cuts in the coming year. The outcome aligned with ma

The U.S. index plummeted to a two-year high; gold fell over $50!

Hot spot trackingThe Feds December interest rate meeting passed the decision of cutting interest rates by 11:1 by 25 basis points. The statement hinted at a slowdown in interest rate cuts. The dot plo

FPG AUS200 Market Report December 19, 2024

AUS200 on the weekly time frame remains in a dominant bullish trend despite recent price volatility. The index successfully rebounded after experiencing bearish movement over the past two weeks, using

THURSDAY TRADING

BUY GOLD 2570 and below target 2630SELLGOLD 2633 and above target 2550BUY EURUSD 10425 target 10515SELL EURUSD 10500 target 10400BUY GBPUSD 12540 target 12635SELL GBPUSD 12715 target 12576BUY USDJPY 1

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【MACRO Alert】Sachs is optimistic about gold prices as U.S. retail sales grow strongly in November

US retail sales data showed the resilience of consumer spending and solid economic growth. Retail sales rose 0.7% in November, beating expectations of 0.5% and the previous value was revised up from 0