Turkey Trade Balance declined to -7.46B in November from previous -5.91B

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Major pairs trade in familiar ranges on last day of 2024

Here is what you need to know on Tuesday, December 31: The action in financial markets remain subdued as the year comes to an end. The economic calendar will not feature any data releases on Tuesday and trading conditions are likely to start normalizing when investors return from the New Year break on Thursday. US Dollar PRICE This month…

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Tests nine-day EMA above descending channel near 1.2550

GBP/USD is positioned above the descending channel, suggesting a weakening bearish bias. The descending channel’s upper boundary acts as primary support near the 1.2540 level. The immediate resistance appears at its nine-day EMA at 1.2565 level. GBP/USD retraces its recent losses, trading around 1.2550 during the European hours on Tuesday. The daily chart analysis suggests a weakening bearish bias…

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Silver price today: falls on December 31

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $28.96 per troy ounce, down 0.14% from the $29.00 it cost on Monday. Silver prices have increased by 21.71% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 28.96 1 Gram 0.93 The Gold/Silver ratio, which shows the number of…

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An unlikely pair made the two worst-performing major currencies

NZDJPY daily chart in 2024 The New Zealand dollar and Japanese yen are the two-worst performing major currencies of 2024. That’s an odd occurrence as they often find themselves on the opposite sides of the spectrum as a traditional high yielder (NZD) and low yielder (JPY). This year, the US dollar took an 11.6% bite out of both. It…

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