Monthly Archives: December 2024
Greenback Rallies on Fed Hike Bets
Written on December 29, 2024 at 11:56 pm, by
Market Summary The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback’s upward trajectory. Oil prices retreated during holiday trading due to dollar strength and profit-taking after recent gainsContinue Reading
Markets in Flux: Fed Signals, Geopolitical Tensions, and Oil Gains
Written on December 29, 2024 at 11:54 pm, by
Market Summary The Dollar Index held steady amid subdued holiday trading but maintained a positive trajectory, reflecting hawkish sentiment from the Federal Reserve. Fed officials signaled potential policy tightening in 2025, supported by a resilient economic recovery, keeping investors focused on upcoming US economic indicators for further direction. Gold prices consolidated near the critical supportContinue Reading
Merry Christmas, Everyone! Markets Stay Subdued Amid Holiday Cheer
Written on December 29, 2024 at 11:52 pm, by
Market Summary The Dollar Index remained flat as markets slowed down for Christmas, with limited economic data revealing continued contraction in the US manufacturing sector. Gold prices stayed stagnant during thin holiday trading, weighed down by the Fed’s cautious stance on reducing borrowing costs, keeping a bearish tone in the market. US equities closed higherContinue Reading