FPG November 7 Gold Market Alert
FPG November 7 Gold Market Alert Gold fell below $2,670 an ounce as Trump’s victory pushed the dollar higher and weakened safe-haven demand – XAUUSD H4 Gold fell below $2,670 an ounce on Wednesday, retreating from a high of $2,758 set on October 30. Trump’s victory in the presidential election and the strengthening of the […]
U.S. Oil Inventories Rise: Imports and Refinery Output Boost Stocks
U.S. Oil Inventories Rise: Imports and Refinery Output Boost Stocks U.S. crude oil inventories saw an increase last week as imports grew and refineries ramped up their capacity, according to the Energy Information Administration’s (EIA) data released Wednesday. Commercial crude oil stocks, excluding the Strategic Petroleum Reserve (SPR), rose by 2.1 million barrels to 427.7 […]
Trump’s 2024 Presidency and Its Impact on Europe: Security, Trade, and Political Dynamics
The re-election of Donald Trump has raised significant concerns across Europe as leaders anticipate potential shifts in U.S. foreign policy affecting security, trade relations, and political stability. European nations are now preparing for the ramifications of Trump’s “America First” approach, which may strain longstanding transatlantic alliances, challenge NATO commitments, and impact the economic and political […]
NZD/USD Weakens Below 0.5950 as Strong US Dollar Gains Momentum
The NZD/USD pair continues to drift lower, currently trading below 0.5950 amidst a robust US Dollar. Bearish sentiment has intensified for the New Zealand Dollar (NZD) following a strong US dollar boosted by post-election dynamics and upcoming central bank decisions. Traders are closely watching the Federal Reserve (Fed) and Reserve Bank of New Zealand (RBNZ) […]