The US Dollar Index (DXY) is trading at elevated levels, reaching 109.98, the highest since November 2022. This represents a significant surge of over 7% since October 2024. The index is currently consolidating around the 110.00 psychological barrier, a level not seen in over two years. Factors Driving Dollar Strength Technical Analysis The DXY is showing signs …
Remember when you thought your first job interview went too well? That’s basically what happened to the markets this week after the December jobs report came in stronger than your Monday morning double espresso. The numbers: The economy added a whopping 256,000 jobs last month—crushing expectations of 155,000—while unemployment dipped to a cozy 4.1%. Great …
Gold continued to hover below historic highs on Thursday. US data earlier this week showed inflation eased in July, bolstering expectations that Fed will cut interest rates in September. Monetary easing expectations contributed to the 19% rise in the yellow metal so far this year. As a non-yielding asset, lower interest rates make gold a …
China’s A50 Index is sitting at major support. A break below this level would mark fresh 5-year lows. The next major level of support is 10,206. Chocolate lovers may be feeling a pinch as cocoa prices reached record highs on Friday. Meanwhile, corn has yet to find a bottom, falling to multi-year lows on Friday.