Markets News

US Economic Growth Surges Unexpectedly; Gold Loses $2600 Level After Brief Gain!

· The number of initial jobless claims in the U.S. fell by 22,000 from the previous time, a larger-than-expected drop. This news is bullish for the dollar. · The Bank of Japan paused its rate hike for the third time in a row, with one member supporting the hike. Governor Kazuo Ueda said he would continue to raise rates, but needed to see the results of the spring wage negotiations. Traders' bullish sentiment on the yen reached its lowest level in a month. Bearish for the yen. · The Swedish central bank cut interest rates by 25 basis points and will take a more cautious stance next year. Bearish for the Swiss franc.

TOP1 Markets Analyst

2024-12-20 09:37:25

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