Blogs

<p>&nbsp;Today, the Malaysian Ringgit (RM) currency closed slightly higher against the US dollar yesterday amid positive sentiment regarding the expected cut in global interest rates next year. However, the value of the US dollar also remained firmly positioned as US consumer confidence rose to a five-month high in December.</p><

<p>&nbsp;An indicator used by the Federal Reserve to measure inflation was reported to have risen slightly in November and is moving closer to the central bank's target.</p><p><br /></p><p>The core personal expenditure price index, which excludes volatile food and energy prices, rose 0.1% for the month,

<p>&nbsp;Gold trading did not show any movement that excited investors, just flat throughout Wednesday yesterday.</p><p><br /></p><p>Still influenced by the US dollar currency, the price of gold is difficult to climb higher as the king of the currency is traded again recovering from the previous decline.</

<p>&nbsp;Changes in the direction of movement of the US dollar, especially in the New York session yesterday, have had an impact on the current movement of other major currencies in the market.</p><p><br /></p><p>Like the Australian dollar, a surge in value to recent highs was successfully recorded, but fell

<p>&nbsp;The change in price direction occurred again on the chart of the GBP/USD currency pair yesterday Wednesday as important economic data was published that affected the Pound and the US dollar.</p><p><br /></p><p>UK inflation data published in the European session has plunged the Pound although it only

<p>&nbsp;Price movements on the EUR/USD currency pair chart were flat on Wednesday yesterday, missing expectations for continued gains.</p><p><br /></p><p>If last Tuesday the price showed an increase towards the 1.10000 zone, the price is still not able to touch it.</p><p><br /></p><

<p>&nbsp;The "Personal Consumption Expenditures (PCE)" data reading will be published tonight at 9.30pm. This data is the main indicator used by the Fed in examining the current level of inflation in America. What is interesting, at the last FOMC meeting, Fed chairman Jerome Powell has given some expectations for tonight's

<p>&nbsp;Gold was trading high at the opening of today's market session following the fall in U.S. Treasury Yields. Gold trading volume is expected to be flat following the arrival of the Christmas holiday this weekend.</p><p><br /></p><p>Market sentiment is still expecting a high probability of an aggre

<p>&nbsp;Solana's (SOL) price increase of 61% since December 1, 2023 has sparked a lot of attention among market players. Recently there were rumors that Justin Sun, the founder of Tron, gave an update that is likely to further increase the liquidity on the Solana blockchain. The recent SOL price hike has sent Solana's market ca

<p>&nbsp;EUR/USD was trading lower at the opening of the European session today. The German Producer Price Index (PPI) data report that was released at the beginning of the European session today is seen to have fallen to -0.5% in November compared to -0.1% in October 2023. This at the same time makes the annual PPI […]