Gold (XAU/USD) is experiencing a period of correction, with current trading activity indicating a likely consolidation phase. Despite the recent dip in price to near $2,063.00, gold maintains a positive trajectory, buoyed by market expectations of early interest rate cuts by the Federal Reserve (Fed) in 2024.
BTC price targets $42K 2023 close as Bitcoin OG says ETF ‘not priced in’
BTC price predictions diverge over the contentious ETF decision date, with many Bitcoin traders expecting a comedown after initial spike higher.
Egyptian bourse registers biggest annual gain since 2016
Most stock markets in the Middle East ended higher on Sunday, with the Egyptian index chalking up its biggest annual gain since 2016, helped by investors hedging against high inflation and a weak domestic currency.
Indian shares, bonds seen rallying in 2024 on continued foreign inflows
The bull-run in Indian financial markets is likely to continue in 2024 as foreign interest remains robust, with heavy buying expected in both equity and debt markets, several analysts and industry watchers said.
EUR/USD Forecast: Euro lacks direction heading into the new year
EUR/USD reversed its direction and registered daily losses after touching its highest level since late July at 1.1140 on Thursday. The pair trades in a tight channel below 1.1100 early Friday and it might have a difficult time finding direction, with trading conditions thinning out on the last trading day of the year.
UN agency hits out as it claims aid convoy was hit by Israeli gunfire
It says an the armoured car was clearly marked with UNRWA (United Nations Relief and Works Agency) branding and was hit despite prior coordination with Israel to ensure it would be protected.
New Year’s resolutions for 2024 travel
It’s the final week of 2023, and here’s the travel news: An island resort is eradicating mosquitoes, a bridge in Vietnam was designed for aesthetics instead of transportation, and people around the world are about to enjoy New Year’s traditions.
Can the worst-performing stock on the dow turn things around in 2024?
The pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) is going to end the year as the worst performer among the 30 blue-chip stocks on the Dow Jones Industrial Average. As of Dec. 28, it was down about 29% year to date, and the next closest is Chevron (NYSE:CVX), which is off 15% in 2023.
USD/JPY pinned to the low side near 141.00 as markets close out 2023
The USD/JPY is back into the 141.00 handle as the pair struggles to accelerate momentum in either direction as markets wind up the 2023 trading year.
Ripple executive slams SEC for its forever crypto ground war, XRP price eyes recovery
Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted that the Judge presiding over the Terraform case did not criticize or even cite Judge Torres’ Ripple ruling. Alderoty called out the SEC for its “forever” crypto ground war.