Zetradex - Market Insight

[zetradex]

🌈[2025-01-14 Overnight Review]💹

🖌 FOREX:
EUR/GBP rose to 0.8660 as weak U.K. industrial production data weighed on the pound. AUD/NZD slipped to 1.0705, pressured by weak Australian commodity prices and improved business confidence in New Zealand. CAD/JPY climbed to 114.80, supported by rising crude oil prices and a softer yen. CHF/NOK edged higher to 11.25 amid safe-haven demand and subdued risk appetite.

🔥 GOLD:
Gold prices edged higher to $2,700 per ounce, supported by persistent inflation concerns and geopolitical uncertainties. A slight pullback in U.S. bond yields also contributed to the metal’s gains.

🛢 CRUDE OIL:
WTI crude oil extended its rally, closing at $79.10 per barrel. Prices were driven by optimism around China’s economic recovery and reduced Russian exports, despite lingering concerns about global demand.

📌 Today's Financial Data and Events: Tuesday, January 14, 2025

① 01:30 GMT - China December Trade Balance
② 07:00 GMT - Germany December Wholesale Price Index
③ 10:00 GMT - Eurozone December Industrial Production
④ 13:30 GMT - U.S. December Consumer Price Index (CPI)
⑤ 15:00 GMT - Canada December Manufacturing Sales
⑥ 20:00 GMT - U.S. Monthly Budget Statement (December)

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[Ariana verma]

Zetradex continues to offer valuable market insights across key asset classes. The recent analysis highlighted several noteworthy trends:

• Forex: The U.S. Dollar Index showed mixed sentiment, hovering between 104.70 and 104.90, reflecting cautious positioning ahead of Federal Reserve remarks. Meanwhile, the euro gained strength thanks to improving Eurozone inflation data, and the yen weakened due to dovish signals from the Bank of Japan.

• Gold: Spot gold prices rose 0.5% to $2,038.40 per ounce, driven by global economic uncertainty and expectations of a softer Fed stance. This reinforces gold’s role as a safe haven during volatile periods.

• Crude Oil: WTI crude futures dipped to $76.60 per barrel, pressured by rising U.S. inventory levels and subdued demand forecasts, despite ongoing geopolitical tensions in the Middle East.

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