Monthly Archives: December 2024
Greenback Rallies on Fed Hike Bets
Written on December 29, 2024 at 11:55 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
Greenback Rallies on Fed Hike Bets
Written on December 29, 2024 at 11:55 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