US Dollar holds gains after FOMC minutes, labor market data – FXStreet
The Fed's hawkish monetary stance is contributing to higher U.S. Treasury yields and reinforcing the current strength of the dollar. Rumors that a national economic emergency may be declared have increased demand for safe havens, underscoring the appeal of greenbacks. The bullish mood is further amplified by strong labor market indicators, including a decline in […]
USD/INR declines as likely RBI intervention caps gains – FXStreet
The Indian rupee traded in positive territory in early European trading on Tuesday. Weak domestic markets and persistent capital outflows are weighing on the Indian rupee, but central bank intervention could limit losses. Traders are awaiting the release of the US December ISM Services PMI later on Tuesday. The Indian rupee (INR) rebounded on Tuesday […]
Australian Dollar holds gains as US Dollar corrects downwards ahead of ISM Services PMI – FXStreet
The Australian dollar continues to strengthen following Tuesday's release of building permit statistics. The total number of approved homes in Australia (seasonally adjusted) decreased by 3.6% month-on-month to 14,998 in November 2024. Traders are awaiting the release of the US ISM Services PMI later in the North American session. The Australian dollar (AUD) rose against […]
USD/CAD gains above 1.4400 as US Dollar dominates on Fed’s cautious policy outlook – FXStreet
USD/CAD rose above 1.4400 as the US dollar hit a new two-year high. The Fed is expected to go through a gradual rate-cutting cycle this year. Investors are awaiting US ISM Manufacturing PMI data for December. The USD/CAD pair rose to around 1.4420 in European trading on Thursday. The loonie pair is rising as the […]
Gold Price Forecast: XAU/USD posts modest gains above $2,600, focus on Trump policies – FXStreet
Gold prices remained positive near $2,625 in early Asian trading on Thursday. Geopolitical risks, central bank buying, and flows into safe-haven assets could push gold prices higher. Expectations that the Fed will slow the pace of rate cuts could cap the yellow metal's upside. Gold prices (XAU/USD) rose moderately to around $2,625 in early Asian […]
S&P 500 Gains and Losses Today: Index Slips as Stocks Close Out Strong Year – Investopedia
Important points The S&P 500 fell 0.4% on Tuesday, December 31, 2024, stepping over the finish line at the end of a year of strong stock market returns. Tesla stock fell ahead of the company's quarterly delivery information later this week. Moderna's stock price soared after a report listed the vaccine maker as a top […]
EUR/USD holds gains above 1.0400 as rising odds of the ECB delaying further rate cuts – FXStreet
The euro/dollar pair is rising as traders expect the ECB to delay further interest rate cuts following recent rises in inflation. ECB's Holzmann said President Trump's tariffs would not only lead to slower overall growth but also create inflationary pressures. The latest FOMC dotplot predicts only two rate cuts, down from the previously expected four. […]
Gold (XAU) Price Forecast: Will Rising Yields and Fed’s Hawkish Stance Keep Gains Capped? – FX Empire
Weekly US Dollar Index (DXY)A stronger dollar added to the pressure on gold. The U.S. dollar index rose for the fourth straight week, driven by economic data showing continued labor market resilience. Lower-than-expected jobless claims strengthened the view that the Fed may not need to cut rates more quickly, boosting the U.S. dollar and increasing […]
Quantum Computing ETF Gains After Willow Unveiling – The Quantum Insider
insider brief Bloomberg reports that the Defiance Quantum ETF has experienced significant inflows into the quantum technology-focused exchange traded fund. QTUM is designed to track stocks related to quantum computing and related technologies and has attracted approximately $250 million in inflows through December. The influx began in earnest after Google announced the impressive performance of […]
Grayscale XRP Trust Set to End 2024 With Over 300% Gains – The Crypto Basic
Grayscale XRP Trust is on track to finish this year 2024 with an impressive 300% gain due to XRP's impressive rally in November and December. As 2024 draws to a close and Christmas festivities are in full swing, crypto investors have plenty of reasons to be merry. This is especially true for institutional investors. XRP. […]