Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
10
December
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By Sagar Dua - 239
The EUR/USD pair is testing resistance at 1.1645, trying to extend its upside momentum on the back of macroeconomic data from the euro area.
9
December
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By Sagar Dua
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The UK’s leading stock index, the FTSE 100, is trading sideways around 9632.0. The end of the corporate earnings season has noticeably reduced market volatility as capital flows out of risk assets, and macroeconomic data along with developments in the bond market are once again driving index movements.
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By Sagar Dua
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The British pound is gaining against the US dollar, with GBP/USD trading near 1.3329 and extending a very cautious bullish move from the previous session. Market participants remain restrained ahead of the upcoming Federal Reserve decision, where traders expect a 25 bps rate cut to 3.75%.
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By Sagar Dua
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EUR/USD. The European currency shows mixed dynamics in the EUR/USD pair, consolidating near 1.1645. Market activity remains low as investors are in no rush to open new trading positions ahead of the U.S. Federal Reserve meeting, scheduled for December 10.
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By Sagar Dua
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EUR/USD. The European currency shows mixed dynamics in the EUR/USD pair, consolidating near 1.1645. Market activity remains low as investors and forex traders avoid entering new positions ahead of the U.S. Federal Reserve meeting, with the results scheduled for December 10.
8
December
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By Sagar Dua
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EUR/USD The single European currency is gaining against the U.S. dollar in the EUR/USD pair, recovering after last week’s decline. The instrument is testing the 1.1655 level for an upside breakout as market participants await the outcome of the two-day U.S. Federal Reserve meeting.
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By Sagar Dua
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The XAU/USD pair is consolidating, trading just below the 4,200.00 mark as market participants await the outcome of the U.S. Federal Reserve’s policy meeting scheduled for December 10. There is almost no doubt that the regulator will cut rates by 25 basis points to the 3.50–3.75% range. Updated macroeconomic projections to be presented alongside the decision may influence sentiment across global markets. Expectations of monetary easing are already supporting gold, which gained 1.2% over the past week, making it attractive to investors looking to hedge inflation and currency volatility risks. Despite fluctuations, the overall trend remains positive, with traders continuing to build long positions in anticipation of a weaker dollar and lower borrowing costs.
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By Sagar Dua
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During the morning session, the leading U.S. tech index NQ 100 is posting a mild upside move, testing the 25,750.0 level for a breakout and renewing the highs from November 4. Market activity remains subdued as traders await the results of the U.S. Federal Reserve’s monetary policy meeting, scheduled for December 10 at 21:00 (GMT+2).
5
December
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By Sagar Dua
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The US dollar is weakening against the British pound and shows mixed movements against the euro and the Japanese yen.
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By Sagar Dua
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The USDX index is showing a downward trend after attempting corrective growth the previous day, with the instrument testing the 98.85 level for a potential breakout to the downside as investors await the US Federal Reserve meeting scheduled for December 10.
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By Sagar Dua
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Wells Fargo & Co. shares continue to move lower, trading near the 90.00 level as the correction deepens.
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By Sagar Dua
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The GBP/USD pair is consolidating near 1.3344, with the pound receiving strong support after Chancellor of the Exchequer Rachel Reeves presented a new budget to Parliament. The document, positioned as a long-term recovery plan for the national economy, includes measures aimed at significantly increasing tax revenues by £26 billion.
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