In a recent decision, the Federal Reserve Open Market Committee (FOMC) chose to maintain the federal funds rate within the range of 4.25% to 4.50%. This action aligns with a broader trend of cautious monetary policy as the central bank navigates a complex economic landscape. By continuing its balance sheet runoff, the Fed is signaling
Technical Analysis
On Tuesday, the dollar index exhibited a notable uptrend, recovering from the tumultuous fluctuations witnessed the day before. The initial turbulence on Monday was largely triggered by the DeepSeek shockwave, which sent ripples through the financial markets. In contrast, the subsequent rise in the index can be attributed to former President Trump’s renewed assertive stance
In the world of forex trading, fluctuations in currency pairs can reflect broader economic trends, geopolitical events, and market sentiment. Recently, both the Australian Dollar (AUD) and the New Zealand Dollar (NZD) have shown signs of strength against the US Dollar (USD), indicative of a bullish trend that traders are keen to analyze. In this
On an early Friday trading session, the USDJPY experienced a notable dip in response to the widely anticipated 25 basis point interest rate hike by the Bank of Japan (BoJ). This move, marking the highest interest rates seen in 17 years, initially led market participants to speculate a more significant downturn for the pair. However,
Gold (XAUUSD) remains a crucial asset in many traders’ portfolios, serving as a hedge against inflation and market volatility. Recently, analysis within the framework of Elliott Wave Theory has provided significant insights into the ongoing trends observed in the gold market. Notably, since the low recorded on December 18th, gold has maintained a sequence of
On Friday, gold prices experienced a notable uptick, embarking on a rally that defied the initial bearish indicators from the previous day’s trading session. The introduction of the Hanging Man candlestick pattern on Thursday seemed to hint at potential downward momentum. However, fresh gains of approximately 1% were observed, propelling the precious metal closer to
In a notable shift, the US dollar has faced a significant decline against its major counterparts, dropping nearly 2% to 107.1 within the past week before slightly rebounding. This downward movement reflects broader market sentiments, particularly fueled by evolving expectations surrounding the Federal Reserve’s (Fed) monetary policy. Early January forecasts anticipated a mere 30% probability
Recent moves in the currency market have highlighted the Japanese yen’s growing strength against the US dollar, especially after a pivotal interest rate hike by the Bank of Japan (BoJ). The USD/JPY exchange rate dropped to 155.13 on Friday, thanks to an increase in interest rates instituted by the BoJ during its January meeting. This
Following Donald Trump’s inauguration, the global currency markets exhibited a notable response, particularly with the U.S. dollar. Early trading reflected a slight retreat as the dollar shifted away from its recent highs, experiencing a correction that has left it hovering around critical support levels. Despite this minor setback, there remains a lack of definitive signals
The EUR/USD currency pair has recently demonstrated a notable upward momentum, initially establishing a foothold above the significant resistance level of 1.0350. Following a period of consolidation, this resurgence indicates increased buying interest in the Euro. The pair appeared to find solid support in the lower 1.0360 region, which facilitated a recovery wave. The hourly
The financial markets are often exuberant and unpredictable, characterized by oscillating trends that can spell the difference between profits and losses for traders. In the case of NASDAQ E-Mini Futures (NQ), a significant bullish sequence appears to have emerged following the lows recorded in October 2022. However, as we enter a potential phase of market
Gold prices have recently demonstrated a period of stability, hovering just above the $2700 per ounce mark following an initial drop. This stability hints at a potential recovery phase, especially as market observers brace for a wave of volatility likely sparked by ongoing political and economic developments. The backdrop of these fluctuations lies in a