Summary
You can make money scalping (or jobbing) the market but you’ve really got to go in with a plan of attack. Turning your screens on and simply going for it is a recipe for disaster. Plan the opportunities and you can still take some cash out of the market.Latest Live Videos
Editors’ Picks
AUD/USD recovers above 0.6250 amid China's stimulus-led optimism
AUD/USD is recovering ground above 0.6250 early Monday, moving away from multi-month lows of 0.6199 set last week. The pair finds support from renewed optimism linked to reports surrounding more Chinese stimulus even as the US Dollar rebounds at the start of the Christmas week.
USD/JPY: Buyers stay directed toward 157.00
USD/JPY holds firm above mid-156.00s at the start of a new week on Monday. Doubts over when the BoJ could hike rates again and a positive risk tone undermine the safe-haven Japanese Yen while the US Dollar regains its footing after Friday's profit-taking slide.
Gold downside bias remains intact while below $2,645
Gold price is looking to extend its recovery from monthly lows into a third day on Monday as buyers hold their grip above the $2,600 mark. However, the further upside appears elusive amid a broad US Dollar bounce and a pause in the decline of US Treasury bond yields.
The US Dollar ends the year on a strong note
The US Dollar ends the year on a strong note, hitting two-year highs at 108.45. The Fed expects a 50-point rate cut for the full year 2025 versus 4 cuts one quarter earlier, citing higher inflation forecasts and a stubbornly strong labour market.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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.