Silver price falls to near $29.50 amid firm US Treasury yields. US bond yields trade near more than a six-month high as the Fed guided fewer rate cuts in 2025. Silver price remains broadly weak amid a breakdown of the upward-sloping trendline. Silver price (XAG/USD) falls to near $29.30 in Tuesday’s European session, though it remains inside Monday’s trading…
2024.12.24 2024.12.24 Strong US Dollar Puts Pressure on Gold Quotes. Forecast as of 24.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US dollar has shown the strongest quarterly performance since 2022, and rising treasury yields have led to speculation about the performance of gold. The question remains whether it will regain investors’ favor and reach the $3,000 mark. Let’s discuss this topic and…
Let’s dive straight into it with the first meeting date and what market players are pricing in for that. Fed: 29 January (~91% probability of no change, ~9% probability of a 25 bps rate cut) ECB: 30 January (~99% probability of a 25 bps rate cut, ~1% probability of no change) BOJ: 24 January (~54% probability of no change,…
Here is what you need to know on Tuesday, December 24: Major currency pairs fluctuate in tight ranges early Tuesday as trading conditions thin out. Stock and bond markets in the US will close early on Christmas Eve and will remain closed on Christmas Day on Wednesday. The economic calendar will not feature any data releases until Thursday. US…
2024.12.24 2024.12.24 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 24.12.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price may decline in a correction. Consider short positions from the current level with Take Profit at 91,965.00. XRPUSD: A…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 378.05 Malaysian Ringgits (MYR) per gram, up compared with the MYR 376.84 it cost on Monday. The price for Gold increased to MYR 4,409.53 per tola from MYR 4,395.36 per tola a day earlier. Unit measure Gold Price in MYR…
MUFG Bank expects the euro to weaken against the dollar, potentially approaching parity in the first quarter of 2025, before stabilizing and staging a moderate recovery in the second half of the year. The forecast reflects the persistence of macroeconomic divergence early in the year, a dynamic the bank sees as a key driver of euro weakness. However, MUFG…
The Australian Dollar depreciates as the RBA may begin rate cuts in February. The RBA’s Meeting Minutes suggested that the board had grown more confident about inflation; however, risks persisted. US Dollar appreciated as Fed policymakers signaled fewer rate cuts in 2025 due to a slowdown in the disinflation process. The Australian Dollar (AUD) loses ground for the second…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
