Metals, energy stocks power gains in Indian benchmarks
Indian benchmarks settled higher on Tuesday lifted by gains in energy and metal companies, with rising expectations of interest rate cuts in the United States boosting global markets.
Japanese Government to Scrap Corporate Tax on Unrealized Crypto Gains
In Japan, the government wants to go ahead with tax reform to scrap payments of taxes on unrealized gains from crypto holdings. This comes following a report that the cabinet approved a revision to the country’s tax regime for digital assets.
Japanese Candlesticks Analysis 26.12.2023 (XAUUSD, NZDUSD, GBPUSD)
Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 2040.00. Upon testing the support, the price could rebound from this level and continue developing the uptrend. However, the price might rise to 2085.00 without any correction.
Japan stocks higher at close of trade; Nikkei 225 up 0.07%
Japan stocks were higher after the close on Tuesday, as gains in the Shipbuilding, Precision Instruments and Rubber sectors led shares higher.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is correcting after a rebound from the upper boundary of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2670 is expected, followed by a rise to 1.2865.
Gold Price Analysis: XAU/USD pulls back from $2,070 as markets hunker down for holidays
XAU/USD briefly tested above $2,070 on Friday before paring back toward the day’s opening bids. With the Federal Reserve’s (Fed) main interest rate at a 22-year high, markets are incredibly eager for the Fed to begin cutting interest rates, and receding US inflation is pinning investor hopes of an accelerated pace of Fed rate cuts in 2024.
Gold marches toward $2,100 amid downbeat US Dollar, cautious optimism
Global markets remain dicey during the year-end holiday season, especially amid a light calendar and off in the UK, Europe, Canada and Switzerland.
Gold Gains on Risk Aversion and Slight Decline in US Dollar Before American Economic Reports
On Thursday, gold prices saw a notable recovery, clawing back much of the losses experienced earlier in the week and stirring interest among investors. Despite this rebound, gold has remained within a well-trodden range as the market’s attention is fixed on potential new drivers that could shape the next significant price movement. Investors are particularly focused on the upcoming release of the US Core Personal Consumption Expenditure (PCE) Price Index. This key inflation indicator, due on Friday, could provide insights into the Federal Reserve’s next moves and is expected to be a critical determinant of gold’s short-term price direction.
EUR in Demand: Overview for December 26, 2023
The EUR/USD pair continues its upward trajectory.
Bitcoin Futures Slide while ETH Redeems Dominance
Bitcoin futures dominance recently declined. It slid to 38% compared to 50% of BTC shares in crypto futures 2 months ago.
The market continues to chase risks The US dollar continued its downward trend yesterday
The market continues to chase risks The US dollar continued its downward trend yesterday
Market Highlights: Post-Holiday Gains, Tech Surges, and Forex Moves
Insights into U.S. Stock Movement, Tech Sector Winners, and Forex Trends
Asia FX rises, dollar at 5-mth low as soft inflation fuels rate cut bets
Most Asian currencies moved in a tight range on Tuesday, while the dollar hovered near five-month lows as soft U.S. inflation data spurred increasing bets on interest rate cuts from the Federal Reserve in 2024.
A week after Uniswap Trading Volume Exceeds Combined Volumes of the NYSE and Nasdaq, UNI Gains 22%
Uniswap, a prominent decentralized finance (DeFi) platform, has expanded its functionality and interoperability with Bitcoin and other blockchains while achieving unprecedented trading volume and TVL.
A deeper analysis of price levels, and the concept of market impact
The first three articles in this series laid a solid foundation of knowledge to answer the question: why does pricing differ across various brokers?
WCG Markets:2023-12-27
WCG Markets:2023-12-27
Inflation cooling continues to pressure the US dollar downward Gold remains strong but no longer with the upward momentum
Inflation cooling continues to pressure the US dollar downward Gold remains strong but no longer with the upward momentum
12/26 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
MHMarkets：December 25, 2023,--Fundamental Reminder
Last Friday, the US dollar index eased in the European session and fell to an intraday low of 101.42, but regained some of the lost ground in the US session and finally closed down 0.08% at 101.70.
12/25 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】