Join expert analyst Frankie Lim in a special session focused on anticipating significant events in the United States for the year 2024. Gain insights into potential political, economic, and social developments that could impact the markets.
Gold's Steady Stance: 📉 Spot Gold maintained a steady stance, lingering around its daily opening without a definitive trajectory. 🔄 Recuperating slightly from an intraday dip to $2,055.82. US Dollar Strength: 💪 The US Dollar gained traction throughout the European trading session. 📉 Bolstered by Wall Street's subdued performance. Investor Apprehension: 🌐...
EUR/USD Downturn: 📉 The EUR/USD pair experienced a significant downturn, touching lows of 1.0940. 🌐 Driven by a stronger US Dollar amid a gloomy market sentiment due to persistent economic contraction signals at the close of 2023. PMI Data Insights: 📊 S&P Global's released PMI data showed a slight improvement in the EU's manufacturing index. 📉 The US, however,...
Gold Prices on the Rise: 📈 Gold prices are rising as the US Dollar faces pressure amidst a buoyant Asian stock market. 🚀 Investor enthusiasm for anticipated aggressive interest rate cuts by the Fed contributes to Gold's upward momentum. Factors Fueling Risk Appetite: 🌐 China's commitment to bolster domestic demand and liquidity injections by the PBOC boost risk...
EUR/USD Faces Setbacks: 📉 The EUR/USD faced setbacks as it slipped below 1.1100. 📈 Driven by a surge in US Treasury yields despite mixed American economic reports. Resilient US Dollar: 💪 The US Dollar remained resilient, largely unaffected by jobless claims uptick and stagnant pending home sales. 🎉 Wall Street's festive rally had limited impact on the...
Gold (XAU/USD) Stabilizes Amidst Caution: ⏸️ Gold (XAU/USD) is experiencing a pause as the US Dollar (USD) stabilizes amidst market caution. 📉 Despite sluggish US Treasury bond yields, investors are refraining from substantial trades. Market Caution and Holiday Period: 📅 Investors, returning from the Christmas holiday, are closely monitoring macroeconomic...
EUR/USD Rallies Past 1.1100: 📈 The EUR/USD rallied past the 1.1100 mark. 💵 Propelled by a weakening US Dollar, sinking below 101.00 in the DXY index for the first time in five months. US Dollar Faces Downward Pressure: 📉 US Treasury yields hit new lows amidst expectations of Federal Reserve rate cuts in the upcoming year. 📉 The Dollar faces downward pressure...
SEC Ultimatum on Spot Bitcoin ETFs: 🚨 The Securities and Exchange Commission (SEC) issues an ultimatum to seven of the 12 spot Bitcoin ETF applicants. 🗓️ Demand for updated filings by December 29 to avoid missing the initial approval wave expected by January 10. 🏦 Major players like BlackRock, Grayscale, ARK Invest, and 21Shares are among the companies in the...
EUR/USD Maintains Bullish Stance: 📈 EUR/USD maintains its bullish stance above 1.1000. 💵 Benefiting from a weakened US Dollar following mixed economic releases. Mixed Economic Releases Impact on Dollar: 🔄 Despite a revised lower third-quarter GDP growth and inflation rates. 📉 The dollar faced pressure as initial jobless claims fell below expectations. Focus on...
Gold Maintains Position Amidst Fluctuating Market Sentiment: 🔄 In the midst of fluctuating market sentiment. 💪 Spot Gold manages to maintain its position above $2,040 per troy ounce. Resilient US Dollar and Mixed Economic Indicators: 💵 Resilient US Dollar and mixed economic indicators influence market sentiment. 📉 Dollar initially gains traction favored by Wall...
EUR/USD Edges Higher: 📈 The EUR/USD edged higher, reaching the 1.1000 mark. 💵 The Dollar struggled despite increased Treasury yields. Mixed US Economic Indicators: 📊 US economic indicators presented a mixed picture. 📉 Declines in the Philadelphia Fed Index and a revision in Q3 GDP. ↔️ Jobless Claims remained steady. Crucial Core PCE Inflation Data Awaited: 👀...
Stay ahead of the curve with expert trader Frankie Lim in this special session. Get the latest updates on market trends, economic developments, and strategic insights for navigating the financial landscape in 2024.
Stay ahead of the curve with expert trader Frankie Lim in this special session. Get the latest updates on market trends, economic developments, and strategic insights for navigating the financial landscape in 2024.
EUR/USD and Dollar Index Recovery: 📉 The EUR/USD faced a dip amidst a recovering US Dollar Index. 🔄 Struggling to break the 1.1000 mark as it moved directionlessly. Resilience Supported by Weak Dollar and Risk Appetite: 💪 Supported by a weak US Dollar and a hint of risk appetite, the pair showed resilience. 📉 Positive US data countered the Eurozone's moderate...
Gold's Resilient Stance: 🌟 Gold (XAU/USD) maintained a resilient stance, hovering around $2,040. 💪 Resilience despite the weakening US Dollar, buoyed by a positive equities market with robust risk appetite. Equities Market and Record Highs: 📈 The Nasdaq Composite achieved consecutive record highs. 🚀 Reinforcing the positive sentiment inspired by central...
Limited Movement in BTC/USD: ⚖️ There hasn't been much movement in BTC/USD. ⌛ The market is still waiting for further confirmation. Caution Due to Anticipated Bullish Events in 2024: 🤔 Traders exercise caution due to anticipated bullish events in 2024. 📅 Potential launch of spot BTC exchange-traded funds (ETFs) between January 5 and 10. 🗓️ Expected BTC halving...
Gold Prices Marginally Above Friday's Closure: 📈 Gold prices for XAU/USD held marginally above Friday's closure at $2,018.19 per troy ounce. 📉 Despite subdued demand for the US Dollar triggered by softer government bond yields following the Fed's decision to halt monetary tightening. Fed's Stance and Retreat in Treasury Yields: 🏦 The Fed's stance, marking a...
Bitcoin's December Price Stability: 💪 In December, Bitcoin's price held strong within a range of $40,423 to $47,209. 📉 Despite pressure to sell, surprising traders who expected a reversal. Crosby Ratio Indicating Over-Extension: 📊 The Crosby Ratio, indicating over-extension in Bitcoin's price, suggests a need for a slowdown or potential correction. Cautious...