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Daily Broad Market Recap – January 29, 2025
BySilas WAlthough investors were biting their nails ahead of the January FOMC decision, that didn’t stop asset classes and major currencies from chalking up notable moves ahead of the top-tier event. Here’s how markets fared. Headlines: Australia Q4 2024 CPI: 0.2% q/q (0.3% forecast, 0.2% previous); Headline CPI at 2.5% y/y (2.5% expected, 2.3% previous); Trimmed…
Merry Christmas to All! Markets Set for an Early Close Today
BySilas WElior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…
Pound soars on report that Trump will delay tariffs – MarketPulse
BySilas WThe British pound started the day with light gains but has soared in the North American session. GBP/USD is currently trading at 1.2290, up 1.06% on the day. US financial markets are closed for Martin Luther King Day and Donald Trump will be inaugurated as US president later today. Trump set to issue executive order…
GBP holds steady amid quiet trading – Scotiabank | FXStreet
BySilas WThe Pound Sterling (GBP) trades little changed in subdued market conditions, with sentiment influenced by broader currency trends. Technical signals suggest the pound is coiling for another potential push higher, with support near 1.3320, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. EUR/GBP supported by rising eurozone yields “Sterling is little changed in…
Gold: The Three-Year Rally May Not Be Over Yet – ActionForex
BySilas WThe Middle East conflict is weighing on gold prices amid expectations that central banks will raise interest rates to address rising inflation driven by oil prices. This seems like a knee-jerk reaction, as this is precisely how central banks acted in 2022. Moreover, it is widely acknowledged that this was a belated response. Another factor…
Goldman Sachs Sticks to Bullish 2026 U.S. Natural Gas Outlook, Sees Upside Risks | investingLive
BySilas WGoldman Sachs is maintaining its bullish forecast for U.S. natural gas prices, reiterating a $4.50/mmBtu target for Summer 2026 Henry Hub. The bank noted that risks to its outlook are tilted to the upside, particularly if there are delays in producer investment. Looking ahead, Goldman continues to expect that a pickup in drilling activity will…

