U.S. Dollar Climbs On Trump Optimismfxcue.com

(fxcue news) - The U.S. dollar strengthened against its major counterparts in the New York session on Friday on hopes that policies under incoming President Donald Trump would spur economic growth and inflation. Trump has proposed tax cuts and tariffs on imported goods in his election campaign. Trump's fiscal policies will elevate upside risks to inflation and push rates higher. The Fed cut the interest rate by 25 basis points as expected on Thursday, and Chair Jerome Powell stressed that rates are not on "any preset course" and that the central bank will make future decisions "meeting by meeting" to deal with the risks to both sides of the dual mandate. However, market participants lowered expectations for further interest rate reductions for 2025 following the victory of Trump. The greenback advanced to 1.0718 against the euro and 1.2911 against the pound, off its early lows of 1.0804 and 1.2988, respectively. The next possible resistance for the currency is seen around 1.06 against the euro and 1.26 against the pound. The greenback recovered to 0.8752 against the franc and 152.85 against the yen, from its early 2-day lows of 0.8701 and 152.13, respectively. The currency is poised to challenge resistance around 0.89 against the franc and 156.00 against the yen. The greenback edged up to 0.6576 against the aussie, 0.5963 against the kiwi and 1.3920 against the loonie, reversing from its early lows of 0.6680, 0.6027 and 1.3859, respectively. The currency is likely to locate resistance around 0.64 against the aussie, 0.58 against the kiwi and 1.40 against the loonie.

U.S. Dollar Climbs On Trump Optimism

Japanese Market Notably Higher

Sensex

U.S. Dollar Climbs On Trump Optimism

Swiss Market Ends Notably Lower

小心元生资本资金盘

曝光一个专骗国人的海外投资骗局！

诈骗犯用的中泰证券app

Asian Markets Mostly Higher After Fed Rate Cut

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Trader

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

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U.S. Dollar Climbs On Trump Optimism

Japanese Market Notably Higher

Sensex

U.S. Dollar Climbs On Trump Optimism

Swiss Market Ends Notably Lower

小心元生资本资金盘

曝光一个专骗国人的海外投资骗局！

诈骗犯用的中泰证券app

Asian Markets Mostly Higher After Fed Rate Cut

Please sign in

Trader

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

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