Money manager, Jim Puplava joins Merlin and John for a look at the current commodities space. The discussion revolves around the significant downside pressure on Gold, oil, copper, silver and other commodities, and the potentially incredible buying opportunity quickly approaching!
Editors’ Picks
EUR/USD gains ground above 1.0300 ahead of EU/ German data
EUR/USD regains ground above 1.0300 in the European session on Monday. A broadly subdued US Dollar offset a negative risk sentiment, weighing on the pair. Traders now shifts their focus to the EU Sentix data and Germany's inflation report for frresh trading impetus.
GBP/USD rises to near 1.2450 amid softer US Dollar
GBP/USD finds demand and retakes 1.2450 in European trading on Monday. The pair benefits from the US Dollar's sluggish performance even though risk sentiment remanis tepid at the start of the US Nonfarm Payrolls week. Mid-tier US data remains on tap.
Japanese Yen bulls remain on the sidelines; USD/JPY stands firm above mid-157.00s
The Japanese Yen continues to be undermined by wavering BoJ rate hike expectations. The au Jibun Bank Japan Services PMI was revised down to 50.9 from 51.4 for December. The USD stands near a two-year top amid the Fed’s hawkish shift and supports USD/JPY.
Editors’ Picks
EUR/USD gains ground above 1.0300 ahead of EU/ German data
EUR/USD regains ground above 1.0300 in the European session on Monday. A broadly subdued US Dollar offset a negative risk sentiment, weighing on the pair. Traders now shifts their focus to the EU Sentix data and Germany's inflation report for frresh trading impetus.
GBP/USD rises to near 1.2450 amid softer US Dollar
GBP/USD finds demand and retakes 1.2450 in European trading on Monday. The pair benefits from the US Dollar's sluggish performance even though risk sentiment remanis tepid at the start of the US Nonfarm Payrolls week. Mid-tier US data remains on tap.
Gold price keeps the red near 100-day SMA despite modest USD weakness
Gold price (XAU/USD) turns lower for the second straight day following an intraday uptick to the $2,647-2,648 area on Monday and moves further away from a nearly three-week high touched on Friday.
Bitcoin, Ethereum and Ripple show signs of bullish momentum
Bitcoin’s price is approaching its key psychological level of $100,000; a firm close above would signal the continuation of the ongoing rally. Ethereum price closes above its upper consolidation level of $3,522, suggesting bullish momentum. While Ripple price trades within a symmetrical triangle on Monday.
The week ahead: Three things to watch
Analysts believe that American exceptionalism will persist in 2025, and the first trading week of the year would suggest that investors are also betting on another strong year for the US.
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