Gold prices retreat as US Dollar strengthens as hopes of aggressive rate cuts fade. China’s economic slowdown concerns and potential sanctions impact iron ore and gold prices. Technical analysis indicates gold’s vulnerability to further downside, with key levels identified. Most Read: Markets Weekly Outlook – Attention Shifts Back to Data, US CPI in Focus Gold…
Introduction In a momentous achievement that underscores its reputation as a leader in the trading industry, Vantage Markets claimed the prestigious title of ‘Best Multi-Asset Trading Platform’ at the Forex Expo Dubai 2024. This accolade highlights Vantage’s continued commitment to innovation, customer-centric services, and cutting-edge trading solutions that cater to a global audience. Held annually,…
According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign. This has put pressure on other currencies paired with the dollar. Currently, the British…
By Shashwat Chauhan (Reuters) -European shares advanced on Monday (NASDAQ:), with most sectors gaining, ahead of a week packed with global economic data including inflation readings in Germany and the United States. The pan-European added 1%, with industrials among the top gainers, up 1.4%. Later this week, inflation readings across Europe, the United States and…
Online brokerage firm ATFX said Monday that it has solidified its presence in Latin America with the grand opening of its new office in Mexico City. ATFX said in a press release that the new office underscores the company’s commitment to the region’s thriving financial markets and its ambition to cater to the growing number…
Foreign exchange firm Travelex announced Monday that it would embark on a technological overhaul of its ATM network. In partnership with NCR Atleos, the company revealed it is replacing its entire portfolio of over 600 ATMs across eight countries with new hardware and software. The move is designed to elevate the customer experience by introducing…
Rest of World currencies took a leg lower on Friday after reports suggested that Robert Lighthizer will likely head the next Trump administration’s trade policy. His name shouldn’t have come as a surprise but serves as a reminder that US protectionism is on its way. Today’s US holiday will keep markets quiet. We see no…
Investing.com – The U.S. dollar rose Monday, continuing the positive tone generated by the new Trump presidency ahead of the release of key inflation data and with a number of Federal Reserve speakers due this week. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! Full-Time Trader Secrets To Making A Living Trading In episode 480 of the Desire To Trade Podcast, we will be listening to the recording of an interview with elite trader Erik Smolinski to discuss full-time trader secrets to making a living trading. Learn…
Gold price is declining below the $2,700 support zone. Crude oil price is rising and it could climb further higher toward the $75.00 resistance. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today · Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar. · There is a…