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…
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…
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…
Mon: EZ, UK & US Final Composite & Services PMIs (Dec), German Prelim. CPI (Dec), US Factory Orders (Nov) Tue: Swiss CPI (Dec), EZ Flash HICP (Dec), Canadian Trade Balance (Nov),US ISM Services PMI (Dec), JOLTS (Nov) Wed: FOMC Minutes (Dec); German Retail Sales (Nov), Swedish CPIF (Dec), Australian CPI (Nov), US ADP (Dec) Thu: German Trade Balance (Nov),…
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…
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.
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…
Things are not looking good for the Speaker of the House Johnson on the first vote. Three have voted for “Others”. Johnson could only afford 1 “other” vote assuming members vote along party lines. What next? There can be a 2nd vote taken or they can go back and try to solicit support from those who voted “Others”. In…
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.
With 3 voting for “Others”, current House Speaker Johnson came up 2 votes shy of the 216 needed to secure the Speaker position. There will apparently be a 2nd vote shortly. Voting for “others”? Rep Massie (Kentucky) Rep Ralph Norman (South Carolina) Rep Keith Self (Texas) Massie has said that he would rather pull out his finger nails before…
