Trump trade continues, US dollar rises on Wednesday Gold may fall towards $2500

On Wednesday, due to the expected rebound of the US CPI in October, the US dollar index remained strong and unchanged, ultimately closing up 0.522% at 106.48
CWG Markets | 28 days ago
Stocktwits

On Wednesday, due to the expected rebound of the US CPI in October, the US dollar index remained strong and unchanged, ultimately closing up 0.522% at 106.48, setting a new high for the year. The collective surge in US bond yields, with the benchmark 10-year US bond yield closing at 4.468%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.294%.

The US CPI for October met market expectations, and expectations for a Fed rate cut in December heated up. On Wednesday, spot gold rose and fell back, ultimately closing down 0.98% at $2572.93 per ounce. Spot silver ultimately closed down 1.24% at $30.34 per ounce.

International crude oil has rebounded under the push of short covering, but the strong US dollar has limited its gains. The WTI crude oil market experienced a V-shaped reversal, ultimately closing up 0.1% at $67.91 per barrel; Brent crude oil closed up 0.21% at $71.76 per barrel.

Regulation: VFSC (Vanuatu)
Tags: Analysis
Stocktwits
read more
ATFX Market Outlook 12th December 2024

ATFX Market Outlook 12th December 2024

In November, the US Consumer Price Index (CPI) saw a month-on-month increase, like in July, but the Federal Reserve is still expected to cut interest rates for the third time next week. On Wednesday, the S&P 500 index rose significantly, driven by technology stocks that pushed the Nasdaq to a new high. The Dow futures trade closed fell 0.22%, but the S&P 500 increased by 0.82%, and the Nasdaq rose
ATFX | 16h 58min ago
Daily Global Market Update

Daily Global Market Update

The Euro weakened against the Dollar, while the Dollar strengthened against the Yen. Gold and Meta stock rose. The Canadian dollar strengthened after a rate cut with hawkish guidance. Wall Street rallied, led by tech stocks. Key economic events to watch include US CPI, Bank of Canada's Monetary Policy Report, Eurozone Industrial Production, UK GDP, and Japan Machinery Orders.
Moneta Markets | 17h 28min ago
Soft CPI Reading, Reinforces Fed Rate Cut

Soft CPI Reading, Reinforces Fed Rate Cut

Yesterday's US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs.
PU Prime | 17h 56min ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Broker News
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2024 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.