The performance of the US Dollar Index (DXY) is a critical barometer for understanding the strength of the US dollar against other major currencies. Currently, it has experienced a notable downward trend, falling below the 106.50 level, largely influenced by trade negotiations and labor market data. As President Donald Trump hints at a possible easing
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In a move that has sparked considerable debate, President Donald Trump announced that his administration intends to conduct an audit of the U.S. gold reserves stored at the storied Fort Knox in Kentucky. Speaking during a flight on Air Force One, Trump stated, “We’re going to go to Fort Knox, the fabled Fort Knox, to
In the past week, the anticipated strength of the euro has waned, signaling a complex scenario for traders and investors. After reaching a peak in September 2024, where the Euro Currency Index stood at 112.14, the currency has since navigated a significant downward trajectory, evidencing a low of 101.92 in January 2025. This decline has
In January, the Federal Reserve convened to discuss the troubling landscape of inflation and its implications for monetary policy. As revealed in the minutes from this meeting, there was a unanimous consensus among Federal Open Market Committee (FOMC) members to maintain the key policy interest rate after three consecutive cuts in the previous year, amounting
The recent movements of the US Dollar suggest a cautious yet resilient market response amidst escalating geopolitical tensions and domestic policy shifts. On a seemingly uneventful Wednesday, the US Dollar Index (DXY) edged upward, stabilizing just above the crucial 107.00 mark. This incremental rise comes in the backdrop of President Donald Trump’s announcement to broaden
The USD/JPY currency pair has recently demonstrated a notable level of stagnation, oscillating between 151.50 and 152.20. This confined range follows a sharp retreat from the resistance level at 154.30, suggesting that the market’s current sentiment is anything but robust. From a technical standpoint, there are indications that bearish momentum may still be present, raising
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The S&P 500 (SPX) is currently experiencing a notable bullish momentum, characterized by Elliott Wave theory, which helps investors and analysts interpret market trends. Recent patterns indicate a significant pullback that concluded at 5774.1, marking the end of wave ((4)). Since then, the index has entered an upward phase represented by wave ((5)), which has
As of early Wednesday in the Asian trading sessions, West Texas Intermediate (WTI) crude oil has been trading positively, hovering around $71.70. This increase signals a continuation of the upward momentum seen in recent sessions, primarily driven by emerging supply concerns in Russia. The geopolitical landscape, particularly involving conflicts and potential supply disruptions, greatly impacts
Over the past two years, stock market investors have witnessed remarkable returns that have captivated the financial landscape. The S&P 500 index surged by 24% in 2023 and sustained a robust 23% growth in 2024, including dividends that pushed these figures to an impressive 25% and 26% respectively. Such extraordinary gains, while thrilling, raise questions
The US Dollar has experienced a modest uptick, driven primarily by the latest data from the New York State Manufacturing sector. For the first time in several months, the New York Empire State Manufacturing Index has shown signs of growth, reporting a positive shift that defied expectations of continued contraction. This unexpected bounce, which recorded