Hantec Markets Australia

Gold prices have gained some relief from a weaker dollar and lower yields, but new pressure may emerge as the dollar's weakness could be short-lived. The easing of Middle East tensions suggests lower demand for safe-haven assets. EUR rebounded after ECB’s Isabel Schnabel opposed a 50bps rate cut, and the US dollar index fell. Risk assets like the Mexican Peso also surged following Trump's tweet about a "pleasant conversation" with Mexico’s President. After a sharp sell-off on Monday, gold has stabilized but remains below key technical levels.

Gold (XAU/USD) extends its rally for the fourth consecutive day, reaching a new one-and-a-half-week high of $2,660, driven by rising geopolitical risks from the Russia-Ukraine conflict. As a safe-haven asset, gold continues to attract buyers amid global uncertainty, while inflation expectations fueled by proposed tariffs from President-elect Trump provide further support. However, strong US bond yields and a resilient USD may cap gold’s rise, as inflation could limit the Fed's ability to ease rates further. Despite this, gold remains a hedge against uncertainty, with markets eyeing future Fed moves. #Gold #XAUUSD #Geopolitics #Inflation #USD #TreasuryYields #Forex

The Japanese Yen got some relief on Nov 19, as USD/JPY fell below 154, reflecting profit-taking after the USD's strong rally. Despite recent weakness, Japan's central bank remains cautious, with no new signals of a December rate hike, keeping traders on edge. The Yen has dropped around 7% since October, and traders are closely watching for potential intervention from Japanese authorities. Morgan Stanley predicts that the Fed will cut rates by 0.25% in each of the next four meetings, bringing the federal funds rate to 3.625% by May 2024. The bank cites reduced immigration, higher tariffs, and a cooling job market as factors that will slow US economic growth and keep inflation pressure high. #Forex #USDJPY #Yen #InterestRates #Fed #BOJ #CurrencyMarket

Gold investors have been anxious as prices have dropped sharply from over US$2800 per ounce two weeks ago to just above US$2500 last week. The decline of over US$250 since its peak has raised concerns, with some analysts suggesting that gold may continue its downward trend, potentially reaching US$2400 by year-end. Despite the pullback, analysts remain cautiously optimistic, pointing out that the recent gains since last October suggest this could be just a correction. However, the strong US dollar and shifting Fed expectations have added downward pressure, creating more challenges for gold in the short term. #Gold #Investing #MarketAnalysis #PreciousMetals #GoldPrice #Dollar #EconomicUncertainty

Bitcoin soared to a new record high of over $93,400 on Wednesday, continuing its upward trend since Trump’s election victory. The leading cryptocurrency has surged over 30% since Election Day and has doubled in price this year alone. With Trump’s pro-crypto stance, including plans for a national Bitcoin reserve and the creation of a presidential crypto advisory committee, investors are flocking to Bitcoin and other digital assets. Other cryptocurrencies like Ethereum, Solana, and Dogecoin are also seeing gains, with DOGE soaring after Trump’s announcement of a new government efficiency department. While some see Bitcoin reaching $100k, Wall Street remains cautious, warning of the speculative nature of crypto and its potential volatility. #Bitcoin #Crypto #Cryptocurrency #TrumpRally #Ethereum #Solana #Dogecoin #Investing

The Japanese Yen (JPY) hits a multi-month low, continuing its downward trend against the US Dollar. Investors are increasingly convinced that Japan’s political instability will hinder the Bank of Japan (BoJ) from raising interest rates. At the same time, fears over US President-elect Trump’s proposed tariffs are adding pressure on Japanese exports, further weakening the JPY. Trump’s protectionist policies could fuel inflation and limit the Federal Reserve’s ability to cut rates, keeping US Treasury bond yields elevated and adding more downward pressure on the lower-yielding Yen. #JPY #Forex #Tariffs #BOJ #USD #CurrencyMarket #ForexTrading

Gold prices fell over 2% on Monday, impacted by a stronger dollar and rising demand for digital currencies. With Trump's victory strengthening the dollar, gold ETFs have seen consecutive outflows, and the outlook remains uncertain. Geopolitical risks and potential inflation from Trump's fiscal policies could still influence future price movements. Historically, GOP victories tend to pressure gold prices, as seen in 2016 when prices dropped 11.6%. And Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier. #Gold #Forex #TrumpVictory #Commodities

Bitcoin has topped $80,000, hitting a new record of $81,400, and Ethereum has crossed $3,200. The global crypto market cap is now over $2.9 trillion. With Trump’s second presidential win, smaller tokens like XRP, Cardano-linked DeFi coins, Dogecoin, and Shiba Inu are seeing huge gains. Dogecoin, Musk's favourite coin, surged over 20% on Sunday, continuing its upward trend. "Cryptos are entering a golden age," says Galaxy Digital's Alex Thorn, highlighting Trump’s commitment to making the U.S. the "crypto capital of the world." With his team's pro-crypto stance, the future for Bitcoin and other digital assets looks incredibly bright. #Bitcoin #Crypto #Ethereum #Dogecoin #CryptoMarket #Trump2024 #ElonMusk

Today, the Fed announced a 25 basis point reduction in the benchmark overnight interest rate, setting it at 4.50%-4.75%. After the announcement, the S&P 500 maintained a 0.66% gain, while 10-year Treasury yields rose to 4.353%. The dollar index dipped 0.67%, with the euro gaining 0.48%. Economists noted that while the federal funds rate remains restrictive, the pressure is easing. And if inflation continues to improve, we may see another cut in December. In the wake of the Fed's announcement, gold stocks rebounded, with spot gold climbing over 1% back above $2,700. 💰📈 #FederalReserve #InterestRates #GoldMarket #Investing

As of local time November 6, 2024, Republican candidate Donald Trump won 295 electoral votes, successfully becoming the 47th President of the United States. Following Trump's victory, global financial markets responded swiftly. The U.S. stock market surged, with the S&P 500 rising by 2.5%, the Dow Jones Industrial Average increasing by 3.6%, and the Nasdaq Composite climbing by 3%, all reaching record highs. However, gold prices dropping sharply to around $2660/ounce as investors shifted their focus to equities and the strengthening dollar. In parallel, the dollar index increased by 1.7%, marking the largest single-day gain in nearly four months, with the dollar strengthening against multiple currencies. The yield on the 10-year U.S. Treasury bond rose to 4.4343%. The cryptocurrency market also reacted positively, with Bitcoin prices surpassing $76,086, reaching an all-time high, fueled by expectations of a more lenient policy towards cryptocurrencies under Trump's administration. #US election #Trump win #Harris #global markets