XAU/USD eases on Friday as investors look elsewhere

Gold bids cooled back below $2,650, crimping the week’s gains at the tail end. Market risk appetite recovered on Friday after US ISM data improved. Fedspeak further cooled investors concerns, Fed’s Barkin soothes market concerns. XAU/USD dipped on Friday, with Gold prices falling roughly two-thirds of a percent and dipping back below $2,650 per ounce as market sentiment recovers…

Read more

The vote for House speaker is underway

The vote for the Speaker of the House is underway. WIth 434 House members present it will take 218 votes to get elected Speaker. The House speaker election is a crucial test for Donald Trump’s leadership and legislative agenda as he prepares for his second term. Trump’s endorsement of Mike Johnson ties the speaker’s success directly to his own…

Read more

GBP/USD catches a thin rebound on Friday

GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400 handle. UK macroeconomic and consumer credit data broadly missed the mark early on Friday, but the low-tier figures barely registered on the needle. On the US side, US business activity survey results helped to…

Read more

NZD/USD Price Forecast: Gains ground near 0.5600

NZD/USD holds key support of 0.5600 as the NZD rebounds after PBoC’s dovish guidance on interest rates. The US Dollar declines as the Fed is expected to follow a more gradual policy-easing approach this year. Investors await the US ISM Manufacturing PMI data for December. The NZD/USD pair gains firm-footing near the round-level support of 0.5600 in Friday’s North…

Read more

Baker Hughes total rig count unchanged at 589

The weekly Baker Hughes rig count shows: Oil rigs -1 at 482 Gas rigs +1 at 103 Total rigs unchanged at 589 Crude oil is trading at $74.13. That is one dollar on the day. For the trading week, the price is up 5.65% with a gain of $3.97. This article was written by Greg Michalowski at www.forexlive.com.

Read more

Overvalued USD consolidates – Scotiabank

After a solid start to the year yesterday, broad dollar gains have been checked back somewhat, leaving the Dollar Index (DXY) in consolidation mode into the weekend, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Strong USD advance leaves valuation looking stretched “Some restraint in the dollar’s overall advance would not be too surprising, despite its robust performance in the…

Read more

These hidden stocks are flashing buy zones amid market correction [Video]

These 9 stocks are poised for momentum and are within the buy zones and my top 3 preferred stock setups. The exact setups, stop loss, detailed analysis in Klaviyo (KVYO), Eton Pharmaceuticals (ETON), TSSI, Nvidia (NVDA), Taiwan Semiconductor Manufacturing (TSM), Amer Sports (AS), Rocket Lab USA (RKLB), OKLO, Fiverr International (FVRR) were discussed in this video below.

Read more