Author: FX

Gold (XA/USD) surges during the North American session on Friday, up 0.30% despite rising US Treasury bond yields and of the US Dollar, which is poised to finish the week with modest gains of 0.25%. At the time of writing, XAU/USD trades at $4,344 after bouncing off daily lows of $4,309.Bullion advances late Friday despite rising US yields, steadier US DollarOn Friday, the US economic docket is scarce, as the last ‘formal’ trading week of the year comes to an end, as most trading desks get off for the Christmas holidays. The Consumer Sentiment Index by the University of Michigan…

US judge blocks Trump administration from altering homelessness funding conditions Source link

The US Dollar Index (DXY) is on a three-day winning streak, although gains are modest, the index is heading into the weekly close near the 98.60 price region, after a softer-than-expected United States (US) Consumer Price Index (CPI) was released on Thursday, briefly weighing on the US Dollar. Doubts about the quality of the inflation slowdown arose on Friday, following comments from Federal Reserve (Fed) John Williams, who noted that CPI data “may have been pushed down a bit” when speaking on CNBC. The Fed announced its monetary policy decision on Wednesday, and as expected, policymakers cut the interest rate…

The Japanese Yen (JPY) weakens sharply against the US Dollar (USD) on Friday as the Yen slumps across the board following the Bank of Japan’s interest rate decision. At the time of writing, USD/JPY is trading around 157.48, up nearly 1.20%, its highest level since November 21.Earlier in the Asian session, the BoJ raised its policy rate by 25 basis points (bps) to 0.75%, marking the highest level in roughly three decades. The central bank stated that Japan’s economy has continued to recover at a moderate pace, with tight labor market conditions and solid corporate profits supporting steady wage increases.…

GBP/USD drifts lower as UK data disappoints and Fed cautious tone caps upsideThe GBP/USD pair hovers around familiar levels, yet it has dropped below the 1.3400 mark on Friday after Retail Sales in the UK missed estimates and Federal Reserve (Fed) speakers crossed the wires. At the time of writing, the pair trades at around 1.3370, virtually unchanged. Read More…Pound Sterling trades firmly despite UK Retail Sales drop againThe Pound Sterling (GBP) trades higher against its major peers in Friday’s European session despite data from the United Kingdom (UK) showing that Retail Sales unexpectedly declined in November. Read More…GBP/USD steadies below 1.3400…

Price behaviour remains centred on the mid-structure pivot as the market searches for a resolution.Nasdaq March Futures (NQH) — Daily & Intraday Structure Desk UpdateLondon & New York | December 20Market ContextNasdaq March futures continue to trade within a well-defined structural framework, with both daily and intraday price action compressing around a central pivot. Rather than signalling directional commitment, recent sessions have been characterised by rotation and consolidation, keeping focus on acceptance and rejection at key reference levels as the New York session develops.Daily StructureOn the daily timeframe, price continues to hold above the 25,405 central pivot, following the earlier…

Hedera’s HBAR token has been through the wringer. After spiking to nearly $0.39 earlier this year, the cryptocurrency has shed over 70% of its value, grinding lower in what’s become a textbook downtrend. For those unfamiliar, Hedera operates a decentralized public network that uses a unique hashgraph consensus mechanism, positioning itself as an enterprise-grade alternative to traditional blockchains. But right now, the technical story matters more than the technology.The chart paints a sobering picture. That yellow descending trendline connecting the lower highs since the peak? It’s been an unforgiving ceiling, pushing price steadily downward like a slow-motion avalanche. Each rally…

It’s easy to dunk on strategists. It’s a year-end tradition to pull up the forecast lists and laugh at how wrong the banks were.But they did pretty well this year.With the S&P 500 trading at 6,831 today, the index is up roughly 16% on the year. That is a strong, double-digit run. And when you look at the “consensus” pack—Goldman, JPM, Citi, MS at 6,500—they were only off by about 4.8%.In a game where a single geopolitical headline or a shift in Fed tone can move the market 10% in a month, landing within 5% of the pin a year…

The German DAX has been bouncing around for months but shook off some selling at the start of the week to post a solid gain. It was indicative of the continent, which finished Friday solid to cap an ok week. There was better strength in southern Europe, just like there has been all year. The UK also benefitted from the BOE rate cut.On the day:German DAX +0.4%France’s CAC +0.3%UK’s FTSE 100 +0.7%Spain’s Ibex +0.45%Italy’s FTSE MIB +0.7%On the week:German DAX +0.4%France’s CAC +1.3%UK’s FTSE 100 +2.6%Spain’s Ibex +2.0%Italy’s FTSE MIB +2.8%Everyone talks about American exceptionalism, but look at the scoreboard.…

Gold (XAU/USD) Gold (XAU/USD) regains ground on Friday, edging modestly higher after earlier weakness, even as a resilient US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD trades around $4,345, recovering from a daily low near $4,309.The precious metal briefly surged toward record highs on Thursday after US inflation data undershot expectations. However, gains quickly faded as softer inflation lifted risk appetite across equity markets and pushed Gold back within the range established earlier this week.That said, the downside appears limited, as a dovish Federal Reserve (Fed) outlook and persistent geopolitical risks continue to provide a steady…