Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.
The Australian dollar broadly declined early Thursday, despite December’s employment report coming in stronger than expected. Data from the Australian Bureau of Statistics showed Australia’s labor market adding 56,300 jobs in December, significantly outpacing forecasts of a 15,000 increase. At the same time, the unemployment rate inched up from 3.9% to 4.0% as more people…
Poland’s parliament has approved a long-awaited bill to regulate the domestic cryptoasset market. However, the legislation has not yet been signed by President Karol Nawrocki. In a new open letter, XTB urged him to do so, noting an 11-month delay in implementing the new law in the country. The legislation aims to bring Poland in…
AUDCAD rebounds and breaks above 0.9125 Overall, it remains above a prior upside channel The advance may continue towards the 0.9230 zone A dip below 0.9000 could signal a bearish correction AUDCAD rebounded strongly on Tuesday, extending its recovery above the key resistance zone of 0.9125. Overall, the pair is trading above the upper bound of…
Get the latest scoop on the week’s hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. S&P 500 Index: Latest Analysts’ Forecasts The Dollar Continues Range-Bound Trading Ahead of US Employment Data The Price of…
One of the most well-known trading books out there is ‘Market Wizards’ by Jack D. Schwager. It’s often mentioned in trading circles, but why is this book so highly valued? Well, if you dig deep enough, it reveals that top traders don’t rely simply on luck or secret formulas. Instead, they follow core principles that…
2025.06.24 2025.06.24 Silver Shines As Key Safe Haven. Forecast as of 24.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ At the beginning of the year, silver was regarded as an underdog, but it has proven resilient and has outperformed expectations. The precious metal has emerged as a competitive alternative to gold, particularly in light of rising geopolitical tensions. Let’s discuss…