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Several Fed officials spoke out; the U.S. dollar and gold rose for 3 days!
TOP1 Markets Analyst 2025-01-10
· The Deputy Governor of the Bank of England said: We support a rate cut, but it is difficult to know how fast it will happen. This news is bad for the British pound. · Data from consulting firm Challenger Gray show that recruitment announcements from U.S. companies in 2024 hit the lowest level in nine years. This news is bearish for the U.S. dollar. · Sources revealed that the US and Ukrainian governments expect that negotiations between Ukraine and Russia may be held in the first half of 2025. This news is bearish for crude oil.
TOP1 Markets Analyst
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