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Monday, January 13, 2025

American Market Recap | Gold consolidates gains as buyers and sellers wait for the next break

Gold consolidates gains as buyers and sellers wait for the next break

Gold is trading up and down since taking it's last run higher from September that saw the precious metal summit at $2790.07 on October 30. Since, then there was a Correction down to early/mid Septembe... 

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S&P index moves into positive territory

The S&P index has moved into positive territory. The high price just reached 5830.76. The current price is trading at 5827.41 up 0.41 points on the day. The Dow industrial average is extending its... 

Crude oil futures settle at $78.82

The price of crude oil surged for the second consecutive day. Today they price settled up $2.25 or 2.94%. The catalyst? US sanction on Russian oil. The details: Crude : Crude hit a 5-month high, dri... 

Fitch estimates for economic losses related to California fires range from $150B to $275B

Fitch is out saying: Sgnificantly wide estimates for insured losses related to California fires with a range between $10 billion and $30 billion Estimates for total economic losses related to Californ... 

EURUSD trades below the 61.8% of the trading range since 2022 at 1.0200 but bouncing

The EURUSD moved to and through the 61.8% retracement of the range since the 2022 low to the 2023 high. That level came in at the natural support level of 1.0200. Breaking below was more bearish. The... 

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Latest Forex Orders

FX option expiries for 13 January 10am New York cut

There are a couple of massive expiries to take note of on the day, as highlighted in bold . And they are all for EUR/USD with the more notable ones being at 1.0200 and 1.0250 currently. There's an eve... 

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