Senorita71

Senorita71

Gold struggles to build on Friday's gains and trades modestly lower on the day near $2,620. The benchmark 10-year US Treasury bond yield edges slightly higher above 4.5%, making it difficult for XAU/USD to gather bullish momentum.

Senorita71

GBP/USD loses its traction and trades near 1.2500 in the second half of the day on Monday. The US Dollar (USD) benefits from safe-haven flows and weighs on the pair as trading conditions remain thin heading into the Christmas holiday.

Senorita71 Updated 

GBP/USD remains under downward pressure near the 1.2720 region on Tuesday, driven by continued buying interest in the Greenback ahead of Wednesday's US CPI release.

Senorita71

GBP/USD remains under downward pressure near the 1.2720 region on Tuesday, driven by continued buying interest in the Greenback ahead of Wednesday's US CPI release.

Senorita71 Updated 

Gold fell towards $2,600 and trades nearby as the Federal Reserve's hawkish cut sent investors into safety. Demand for the US Dollar outpaces that of the bright metal as US, officials foresee fewer interest rate cuts in 2025

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Bitcoin (BTC) and the crypto market could face a massive sell-off as expectations for Donald Trump's administration of pro-crypto policies could be short-lived, according to Arthur Hayes.

Senorita71

Bitcoin (BTC) and the crypto market could face a massive sell-off as expectations for Donald Trump's administration of pro-crypto policies could be short-lived, according to Arthur Hayes.

Senorita71 Updated 

EUR/USD fluctuates in a narrow channel at around 1.0500 on Monday after EU PMI data came in better than expected. ECB President Lagarde reiterated that they will continue to cut rates if data confirm disinflation is on track. Market focus shifts to US PMI data

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Gold price (XAU/USD) stages a modest recovery from a one-week trough touched earlier this Monday, albeit it lacks follow-through buying and currently trades around the $2,655 region.

Senorita71 Updated 

Gold price attracts some dip-buying and reverses a part of Thursday's retracement slide. Geopolitical risks, trade war fears and Fed rate cut bets continue to benefit the commodity. Expectations for a less dovish Fed and elevated US bond yields might cap the precious metal.

Senorita71

USD/JPY buyers are re-attempting 153.00 in Asian trading on Friday. The pair's upside is due to the growing acceptance that the BoJ will not raise rates next week. Further, the ongoing US Dollar advance, bolstered by expectations for a hawkish Fed rate cut, supports the pair.

Senorita71 Updated 

EUR/USD turned bearish as Wall Street gives up and major indexes turn red. The pair trades near a fresh weekly low in the 1.0460 price zone. Earlier in the day, the European Central Bank trimmed interest rates as expected, and the United States published discouraging employment and inflation-related data.

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Bitcoin (BTC) surged above $100K on Wednesday following the release of the US November Consumer Price Index (CPI) data, which came in line with expectations at 2.7%. Crypto investors quickly reacted to the report as market participants now anticipate that the Federal Reserve (Fed) will cut rates by 25 basis points (bps) next week.

Senorita71

USD/JPY increases 0.37%, buoyed by November’s CPI data which confirmed analysts' expectations. US headline CPI rose slightly, but core figures remained stable, supporting potential Fed rate adjustments. Anticipation grows for a possible Fed rate cut, with odds favoring a 25 basis point reduction next week.

Senorita71

USD/JPY increases 0.37%, buoyed by November’s CPI data which confirmed analysts' expectations. US headline CPI rose slightly, but core figures remained stable, supporting potential Fed rate adjustments. Anticipation grows for a possible Fed rate cut, with odds favoring a 25 basis point reduction next week.

Senorita71 Updated 

The US Consumer Price Index (CPI) report for November, a key measure of inflation, will be unveiled on Wednesday at 13:30 GMT by the Bureau of Labor Statistics (BLS). Markets are buzzing in anticipation, as the release could trigger significant swings in the US Dollar (USD) and influence the Federal Reserve's (Fed) plans for interest rates in the months ahead.

Senorita71

GBP/USD remains under downward pressure near the 1.2720 region on Tuesday, driven by continued buying interest in the Greenback ahead of Wednesday's US CPI release.

Senorita71

The upside momentum in Gold prices gathers extra steam on Tuesday, sending the metal to new two-week tops in levels just shy of the key $2,700 mark per troy ounce.