Investors' profit-taking hit the US dollar; focus shifts to non-farm payrolls.

Last Friday, the US dollar index continued to decline and ultimately closed down 0.31% at 108.92. However, due to market expectations that the US economy will continue to perform better than other major economies this year and that US interest rates will remain relatively high

Last Friday, the US dollar index continued to decline and ultimately closed down 0.31% at 108.92. However, due to market expectations that the US economy will continue to perform better than other major economies this year and that US interest rates will remain relatively high, the US dollar index still achieved its strongest weekly performance in nearly three weeks. The benchmark 10-year US Treasury yield closed at 4.6020%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2870%. On January 6th Beijing time, spot gold traded around 2639.80, as the market prepared for possible economic and trade changes under US President elect Trump's administration. US crude oil traded around $74.15 per barrel, with oil prices benefiting from cold weather in Europe and the US, as well as hopes of more economic stimulus measures from major Asian countries. Meanwhile, the market awaited this week's US non farm payroll data.

Regulation: FCA (UK), VFSC (Vanuatu), FSCA (South Africa)
read more
New month, old habits for equities?

New month, old habits for equities?

Markets in anticipation mode for Wednesday’s tariff announcement; US stock indices end March with losses, but euro and gold make gains; RBA keeps rates unchanged; aussie gets a small boost; Key US data today; all eyes on jobs-related prints;
XM Group | 19h 39min ago
Global financial markets are treading cautiously as investors brace for a pivotal week

Global financial markets are treading cautiously as investors brace for a pivotal week

Global financial markets are treading cautiously as investors brace for a pivotal week featuring significant events such as RBA Governor Michele Bullock’s speech and an impending US tariff showdown. Safe-haven assets like gold and the Japanese yen are drawing attention, while cryptocurrencies, notably TRON, exhibit heightened volatility. Below is a comprehensive analysis of key asset classes based
Moneta Markets | 1 day ago
Pro News Weekly Video

Pro News Weekly Video

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Pro News Weekly
FxPro | 1 day ago