Author: FX

Gold price declines sharply, trading between $2,600 and $2,610, as Fed’s less dovish outlook impacts the market. Federal Reserve Chair Jerome Powell emphasizes a prudent approach to monetary policy, with inflation risks still skewed to the upside. The Fed envisions a slow return to the 2% inflation target, projecting a timeline of one to two years. The latest dot plot from the Summary of Economic Projections reveals expectations for limited rate cuts through 2026, stabilizing the Fed funds rate at 3.4%. Gold prices plummet as Federal Reserve Chair Jerome Powell takes a stance after the US central bank decided to…

The market is 96% priced for a quarter-point rate cut from the Federal Reserve today, bringing the Fed funds rate down to a range of 4.25-4.50%, what comes next is far less clear.The best way to look at 2025 might be a view of the year as a whole, because that’s what the FOMC dot plot will show. The median dot from the September Fed Summary of Economic Projections was at 3.4%, down from 4.1% in the June forecast. That’s likely to be reversed, at least somewhat.The Sept dot plotThe Fed funds futures market is priced at 3.84% for year-end…

The latest U.S. data suggest that the economy will end the year on a high note. As has been the case for some time, the current strength reflects solid growth in consumer spending, due not only to the resilience of the labour market, but also to the steady increase in household net worth, NBC’s economist Jocelyn Paquet reports.GDP set to grow by 1.7% in 2026“As the drivers of recent performance are likely to remain the same in 2025, the U.S. economy should continue to outperform that of other rich countries, provided the new Trump administration sticks to the most pro-growth…

Michail_Petrov-96China’s Gan & Lee Pharmaceuticals has received FDA clearance to run a head-to-head Phase 2 study of its drug candidate GZR18 Injection against Eli Lilly’s (NYSE:LLY) weight-loss drug tirzepatide, also known as Zepbound and Mounjaro. Gan & Lee said the study will Source link

It is said that the failure rate in the forex industry is very high, with more than 95% of aspiring traders expected to drop out of the game within their first few years of trading. At this rate, you might have a better chance of surviving the Hunger Games than becoming a successful forex trader! In his book One Good Trade, proprietary trader Mike Bellafiore outlines the main reasons why traders don’t succeed. Although he draws his conclusions from his experiences in stock trading, the lessons are generally applicable to forex trading as well. What’s interesting to note is that most of these common mistakes…

Prior +5.4%Market index 224.0 vs 225.5 priorPurchase index 157.1 vs 154.9 priorRefinance index 617.5 vs 634.0 prior30-year mortgage rate 6.75% vs 6.67% priorOverall mortgage applications fell in the past week but there is a mixed showing. Purchases activity were higher, recovering from the setback in the week prior but refinancing activity fell after the big surge seen in the first week of December here. This article was written by Justin Low at www.forexlive.com. Source link

Gold finds support at $2,630 but remains capped ahead of the Fed’s decision. The market is bracing for a Fed “hawkish cut” that might boost the US Dollar and weigh on Gold. XAU/USD remains under pressure, with upside attempts capped below $2,665. Gold (XAU/USD) is practically flat on Wednesday after bouncing up from a one-week low the previous day. The precious metal remains on the defensive as the market braces for the outcome of the last Federal Reserve’s (Fed) meeting of the year.The Fed is widely expected to cut interest rates by 25 basis points (bps), but the economic and…

Olena_T Stock futures ticked higher in Wednesday’s premarket session as market participants eagerly awaited the Federal Reserve’s highly anticipated December interest rate decision, which is expected to influence market direction heading into the new year. Here are some of Wednesday’s biggest Source link

LONDON (Reuters) -British inflation rose to its highest in eight months in November but an underlying measure of price growth watched closely by the Bank of England held steady, offering the central bank a little bit of relief. Consumer prices rose by an annual 2.6% in November, up from an increase of 2.3% in October and moving further away from September’s 1.7% rise – the first time in almost three and a half years that inflation fell below the BoE’s 2% target. The inflation rate was the highest since March and in line with economists’ expectations in a Reuters poll.…

WTI crude oil recently busted through its descending triangle top, hinting that a rally of the same height as the formation is due. Price is still retesting the former resistance, which might now hold as support. Check out these inflection points I’m watching on the 4-hour chart! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Crude oil bulls appear to be taking the upper hand, as the energy commodity reacted positively to the OPEC+ decision to delay its production hike, easing fears of a global supply glut. However, concerns about China’s weaker-than-expected economic figures and trade concerns stemming from a…