By Laura Matthews NEW YORK (Reuters) – The dollar held gains against the yen on Friday, but ended the week lower after a six-week winning streak, as investors await Donald Trump’s presidential inauguration and clarity on the course of the incoming administration’s policies. The yen was poised for its strongest weekly performance in over a […]
By Gram Slattery, Chris Prentice and Jarrett Renshaw WASHINGTON (Reuters) – President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash
Markets: Crude oil: $-0.47 at $77.38 Gold $-11.90 or -0.44% at $2701.83 Silver is $0.47 or -1.54% at $30.32 Bitcoin up $4864 or 4.87% at $104,831 The USD is ending the day higher versus all the major currency pairs. The largest move is a 0.74% gain versus the JPY. The dollar rose by 0.61% versus
It was a strong week for US stocks and gold, with the S&P rising about 3% by the end of the week. Markets are bracing for potential volatility and policy surprises as Donald Trump is inaugurated as US President. The Bank of Japan (BoJ) meeting on January 24th is a key event, with potential for
The major European indices closed solidly higher not only for the day but also the week. The gains have led to record closes for the German DAX, the UK’s FTSE 100 and Italy’s FTSE MIB. The final numbers for the day show: German DAX, +1.20%. For the week the index rose 3.41%. A new record
Pound Sterling tumbles as decline in UK Retail Sales sets stage for BoE rate cuts GBP/USD Price Forecast: Remains below 1.2250 barrier near nine-day EMA GBP/USD snaps two-day win streak, UK Retail Sales in the pipe Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments
Industrial production in the U.S. increased by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday. The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November. Economists had expected industrial production to climb by
Sharp selloff in commodity currencies against Dollar is dominating market action as the US session unfolds. While broader trading remains subdued, the sudden weakness in these currencies appears tied to trader caution ahead of President-elect Donald Trump’s inauguration on Monday. Concerns over tariff policies could be the main driver of the moves, in the absence
Investing.com – Donald Trump’s inauguration is right around the corner, and UBS has advised its clients to go long the pair to hedge policy risks before the big day. In a light data week, Trump’s inauguration will take center stage next week, according to analysts at UBS, in a note dated Jan. 16. “While we
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2025.01.17 2025.01.17 XAU/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2576.36 with a target of 2880.00 – 2976.66. A buy signal: the price holds above 2576.36. Stop Loss: below 2570.00, Take Profit:
The Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6198, down 0.22% at the time of writing. Will strong China numbers boost the Aussie? There was good news out of China on Friday, highlighted by GDP which was stronger than expected. The economy expanded by 5.4% y/y in
Every day, thousands of bilateral trades in cash and derivative instruments are arranged via Bloomberg instant messages on the tech firm’s ubiquitous terminals, with parties sending out requests for quotes (RFQs), haggling over prices, and exchanging market colour. However, the process is often cumbersome, requiring salespeople to manually cut and paste information between chat windows.
Bank of America (BofA) analysts highlighted a shift in market sentiment, identifying long U.S. dollar positions as the most crowded trade, and now a significant headwind for the currency. This perspective aligns with BofA’s recent reports on the U.S. dollar, emphasizing the stark contrast between current market positions and historical trends. The analysts’ findings indicate
2025.01.17 2025.01.17 USD/CHF: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.9201 with a target of 0.8724 – 0.8386. A sell signal: the price holds below 0.9201. Stop Loss: above 0.9245, Take Profit:
The main event in the European session was the release of the UK Retail Sales data which missed expectations across the board by a big margin. The GBP is currently under pressure as a result. We will also have the Eurozone CPI report but it’s the final reading, so it’s unlikely to be market moving.
The Australian Dollar appreciates after the release of economic figures from China. China’s GDP grew 5.4% YoY in Q4 of 2024 after reporting a 4.6% expansion in Q3. US Retail Sales increased by 0.4% MoM in December, against the expected 0.6% growth. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following the
