US election risk is front and center and the US Dollar has been a prime beneficiary, partially on the uncertainty and partially on polls that show Trump gaining ground. The market expects Trump policies of trade tariffs and domestic tax cuts will lead to more broad based US Dollar demand.

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EUR/USD holds above 1.0400 in quiet trading

EUR/USD holds above 1.0400 in quiet trading

EUR/USD trades in positive territory above 1.0400 in the American session on Friday. The absence of fundamental drivers and thin trading conditions on the holiday-shortened week make it difficult for the pair to gather directional momentum.

EUR/USD News
GBP/USD recovers above 1.2550 following earlier decline

GBP/USD recovers above 1.2550 following earlier decline

GBP/USD regains its traction and trades above 1.2550 after declining toward 1.2500 earlier in the day. Nevertheless, the cautious market mood limits the pair's upside as trading volumes remain low following the Christmas break.

GBP/USD News
Gold declines below $2,620, erases weekly gains

Gold declines below $2,620, erases weekly gains

Gold edges lower in the second half of the day and trades below $2,620, looking to end the week marginally lower. Although the cautious market mood helps XAU/USD hold its ground, growing expectations for a less-dovish Fed policy outlook caps the pair's upside.

Gold News
Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery

Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery

Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day. 

 

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2025 outlook: What is next for developed economies and currencies?

2025 outlook: What is next for developed economies and currencies?

As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.

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Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

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