Dollar Backs Off PostElection Highs ahead of Rate Decisions

LONDON, Nov 7 Reuters The dollar held near fourmonth highs on Thursday, having scored its biggest oneday rally in two years following Donald Trump39;s win in the U.S. presidential election, and as investors prepped for several central bank decisions including the Federal Reserve. Sterling rallied ahead of a Bank of England meeting, while the Swedish and […]
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Expert Technical Fundamental Insights 07.11.2024

EURUSD EURUSD is trying to recover from the heaviest daily loss in more than four years, trading higher today at 1.0748. USD index rallied yesterday after Trump strongly won the US presidential election, USD index traded at the highest in four months, approaching important technical resistance levels. Retail sales from EZ will be due later […]
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South African Rand Recoups some Losses against Dollar

JOHANNESBURG, Nov 7 Reuters South Africa39;s rand recouped some losses on Thursday, a day after emerging market assets took a hit following Donald Trump39;s win in the U.S. election. At 0820 GMT, the rand traded at 17.5175 against the dollar , over 0.7 stronger than its previous close. The local currency fell about 2.5 against […]
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South African Rand Nosedives as Trump Wins US Election

Republican Donald Trump wins U.S. election Trump trades boost dollar, rand tumbles Market volatility likely, analysts say JOHANNESBURG, Nov 6 Reuters The South African rand slumped against a buoyant dollar on Wednesday as Trump trades surged, after Donald Trump won the U.S. election. Republican Trump recaptured the White House on Wednesday by securing more than the 270 […]
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European Shares Advance as Trump Elected US President

Novo Nordisk jumps on Q3 Wegovy sales beat BMW down after Q3 profit miss STOXX volatility index at more than onemonth low STOXX up 1.2 Nov 6 Reuters European shares jumped more than 1 on Wednesday, tracking a rise in U.S. stock futures, as Donald Trump was elected U.S. president and Republicans took control of […]
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Expert Technical Fundamental Insights 06.11.2024

EURUSD Strong volatility gained momentum today before the final results of the US presidential elections where EURUSD fell sharply by more than 1.3 to 1.0788, the lowest in two weeks. The drop in EURUSD was mainly due to USD index strength that gained by more than 1.2, traded at 104.65 the highest since last July […]
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USD Surges, BTC Hits Record high as Trump Trades Soar

TOKYO, Nov 6 Reuters The dollar was set for its biggest oneday rise since March 2020 against major peers on Wednesday and bitcoin jumped to an alltime high as socalled Trump trades took off, with traders increasingly betting on a U.S. election victory for the former president. Republican Donald Trump led Democrat Kamala Harris by 247 electoral […]
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Gold Prices Flat as Market awaits US Election Outcome

Market expects Fed to cut rates by 25 bps on Thursday Perth Mint39;s gold and silver sales decline in October Silver, Platinum and Palladium down over 1 Nov 6 Reuters Gold prices were largely flat on Wednesday as investors keenly awaited the outcome of a tightlycontested U.S. presidential race. Spot gold slipped 0.1 to 2,740.28 per […]
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