Analysis

Gold battles with 50-day SMA

Gold battles with 50-day SMA

Gold rebounds strongly from its 2024 low ; Challenges 50-day SMA and ascending trendline ; Momentum indicators turn neutral-to-positive
XM Group | 498 days ago
All Eyes on Japan’s CPI

All Eyes on Japan’s CPI

The robust U.S. stock markets, having reached record highs, paused for breath last Friday, reflecting a momentary halt in their bullish momentum. Conversely, the dollar index has maintained a subdued trajectory in recent sessions, but this calm is anticipated to be disrupted in the week ahead.
PU Prime | 498 days ago
Daily Global Market Update

Daily Global Market Update

Pound up 0.1%, Bitcoin down 0.3%, Oil gained 0.3%, Aussie Dollar stable, BNB surged past $380. Gold and oil rose on weaker dollar, geopolitical tensions. Economic events: U.S. Baker Hughes Oil Rig Count, Eurozone Ecofin Meeting, Germany GDP, Japan CFTC JPY net positions, UK GfK Consumer Confidence, UK CFTC GBP net positions.
Moneta Markets | 501 days ago
The Fed Is Set to Cut Rates Earlier Than You Might Expect, and Here's Why!

The Fed Is Set to Cut Rates Earlier Than You Might Expect, and Here's Why!

Amidst a continued modest correction, the US dollar has traversed lower overnight, with the dollar index testing support at the bottom of the recent narrow trading range between 104.00 and 105.00. Yesterday's dip saw the index touch 103.80. Notably, the top performers among the G10 currencies have once again been the commodity-related currencies, namely the AUD and NZD.
ACY Securities | 501 days ago
PMI Surveys to Gauge UK Recovery Momentum

PMI Surveys to Gauge UK Recovery Momentum

Today's spotlight is on the eagerly anticipated PMI surveys from Europe for February, aiming to provide a nuanced insight into the cyclical economic performance at the beginning of this year. The UK has witnessed a marked improvement in business confidence in recent months, offering respite from concerns sparked by Q4 GDP data indicating a technical recession at the end of the previous year.
ACY Securities | 501 days ago
NVIDIA's AI Surge and Fed Caution Shape Global Sentiment

NVIDIA's AI Surge and Fed Caution Shape Global Sentiment

Global markets experienced a shift as the US dollar extended its decline, bringing the dollar index closer to the 200-day moving average support at approximately 103.70. The key catalysts for market movement included the release of the Federal Reserve's January FOMC meeting minutes and Nvidia's robust earnings report.
ACY Securities | 501 days ago
Fed minutes confirm caution about lowering rates

Fed minutes confirm caution about lowering rates

Fed minutes reveal concerns about lowering rates too soon - Rate cut bets are pushed back but dollar remains unimpressed - Kiwi continues to gain on increasing RBNZ hike speculation - Wall Street closes mixed, Nvidia beats earnings estimates
XM Group | 502 days ago
Daily Global Market Update

Daily Global Market Update

Euro Dollar stable; Dollar Yen up 0.2%; Gold unchanged. Volkswagen shares rise 0.9%. Dollar Index dips post-Fed minutes. Japanese stocks approach record levels; US stocks see hedge fund selling. Key events: US Jobless Claims, Chicago Fed Index, ECOFIN, France Manufacturing Climate, Japan PMIs.
Moneta Markets | 502 days ago
Daily Global Market Update

Daily Global Market Update

Bitcoin up 0.6%, caution due to overbought signals. Volkswagen down 1%, indicating a negative outlook. AUD rose 0.2%, potential volatility ahead. Gold up 0.4%, signaling optimism. Global highlights: oil near three-week highs, USD strength, MasterCard integrating cryptocurrency. Economic events include Japan's foreign investment, Eurozone's consumer confidence, and UK's public sector borrowing.
Moneta Markets | 503 days ago
USD/JPY hovers above a key trendline

USD/JPY hovers above a key trendline

USD/JPY trades sideways, hovering around the 150 level; It remains close to its recent peak; Momentum indicators are mixed, all eyes on the stochastic oscillator
XM Group | 503 days ago