Macro data showed divergence, with a significant rise last Friday; geopolitical tensions have escalated, and gold prices have risen back above 2710

Last Friday, the market generally believed that Trump's rise to power would boost the US dollar, and the weakening of expectations for Fed rate cuts next year further supported the dollar's movement.
CWG Markets | 2h 27min ago
Stocktwits

Last Friday, the market generally believed that Trump's rise to power would boost the US dollar, and the weakening of expectations for Fed rate cuts next year further supported the dollar's movement. The US Dollar Index briefly surpassed the 108 mark, reaching a 13-month high, the first time since November 2022. The index ultimately closed up by 0.43%, at 107.49. The benchmark 10-year US Treasury yield closed at 4.4410%, while the 2-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.3840%.

 

On the same day, COMEX gold futures rose by 1.62%, closing at $2718.2 per ounce, while COMEX silver futures increased by 1.49%, closing at $31.405 per ounce.

 

Additionally, OPEC+ may announce a delay in production increases in December, causing international oil prices to rise. WTI crude oil closed up by 1.48%, at $71.12 per barrel, and Brent crude oil closed up by 1.08%, at $75.05 per barrel.

Regulation: VFSC (Vanuatu)
Tags: Analysis
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EUR/USD Amid Slowing European Economy

EUR/USD Amid Slowing European Economy

EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB).
RoboForex | 1h 27min ago
Daily Global Market Update

Daily Global Market Update

Oil rallied, Aussie Dollar dipped, Euro weakened, Dollar-Yen corrected. Global stocks surged, led by tech optimism. Bitcoin nears $100K, market awaits US policy shifts. Key economic data from Japan, US, Eurozone, and Germany due.
Moneta Markets | 5h 13min ago
Australia's Path to Recovery Economic Outlook for 2025

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Australia's economy in 2024 has been marked by subdued GDP growth—the weakest outside the COVID-19 period—paired with persistently high inflation and elevated interest rates. However, prospects for 2025 suggest a cautiously optimistic recovery, driven by several supportive factors.
ACY Securities | 8h 29min ago
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