The US Dollar navigated without a clear direction in a context dominated by the resurgence of Russia-Ukraine geopolitical concerns and the subsequent search for safe havens. Here is what you need to know on Wednesday, November 20: The US Dollar Index (DXY) maintained its trade in the low-106.00s amid further weakness in US yields across the curve. Second-tier releases…
2024.11.19 2024.11.19 Qtum Price Forecast & Predictions for 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Qtum is a hybrid blockchain platform that merges the security of Bitcoin and Ethereum’s smart contract technology. Designed to empower business applications and interoperate across different economic sectors, Qtum has gained popularity due to its adaptability to a wide range of purposes. In 2024, the…
The dollar slipped on Monday as shifting Fed interest rate expectations weighed on the currency, while safe-haven flows into gold and oil picked up amid escalating Russia-Ukraine tensions. Despite the geopolitical jitters, risk sentiment held up surprisingly well, with U.S. stocks climbing as investors stayed focused on key tech earnings coming later this week. Here’s what moved the major…
Kansas City Fed Pres. Jeffrey will be speaking at 1:10 PM ET on the economy and monetary policy outlook. The USD is mixed in trading today with modest changes vs the major currency pairs. The USD index (DXY) is trading unchanged. US stocks are trading mixed with the NASDAQ index leading the way with a gain of 0.58%. THe…
EUR/GBP rises past the 50-day SMA of 0.8359, setting sights on the 0.8400 resistance. If breached, next key levels include the 100-day SMA at 0.8413, October 31 high of 0.8448. Downside risks remain; a dip below 0.8359 could see consolidation or a retest of the 0.8260 level. The EUR/GBP extended its gains for the fourth straight day, edged up…
2024.11.19 2024.11.19 Platinum Price Predictions: 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Platinum is a rare precious metal used in the industrial and jewelry sectors. Therefore, investing in this asset requires a distinctive approach compared to other precious metals. Besides, platinum is primarily a commodity rather than an investment asset. This precious metal plays a significant role in the automotive industry,…
We’ve got a fresh batch of inflation figures from the U.K. on this week’s docket! Will the CPI report support the Bank of England’s (BOE) gradual easing approach? Or will rate cut expectations pick up again on potentially weak results? Here’s what you need to know if you’re planning on trading this top-tier event. This Article Is…
Major US stock indices remain under pressure as concerns about geopolitical risks from Russia continue to weigh on the markets: Dow -504 point S&P index -56.87 points NASDAQ index -204 points Russia’s Lavro is saying Ukraine’s attacks against Russia’s border region is an escalation signal. Earlier, Russia’s Kremlin said that the updated nuclear doctrine signed by Putin is a…
Gold price recovers further to nearly $2,635 on the fresh escalation in the war between Russia and Ukraine. Vladimir Putin has signed a decree to update the country’s nuclear doctrine. Fed officials refrain from forecasting the impact of Trump’s policies on the economy. Gold price (XAU/USD) extends its recovery for a second consecutive day, trading around $2,635 in North…
2024.11.19 2024.11.19 Gold Price at Crossroads. Forecast as of 19.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors are not concerned about default risk. The strong US dollar is reducing the appeal of gold as an investment, and central banks have ceased purchasing the precious metal. Meanwhile, it is uncertain whether Donald Trump will cease military action in Ukraine. These factors are causing significant…
