FXOpen

Just five days ago, we noted that gold was approaching the $3,000 level and suggested that a breakout could occur this month. Ye

As shown on the NZD/USD chart today, the exchange rate is around 0.58250—the highest level for the Kiwi against the US dollar since December 2024.

The BTC/USD chart shows Bitcoin dipping below $89K today—the first time since November 2024, when the leading cryptocurrency sur

The EUR/USD chart shows the euro rising above its previous February peak of 1.05155, set on the 14th. On one hand, the euro’s st

AUD/JPY appreciates due to rising concerns that Japan may face Trump's trade tariffs. The Japanese Yen may regain ground amid the increased likelihood of the BoJ rate hikes again this year. The AUD may face challenges as China's retaliatory tariffs on certain US exports have come into effect.

Throughout 2024, the US dollar traded with mixed dynamics but showed consistent strengthening over the past three months. According to WSJ and Reuters, the following factors contributed to this growth: 1.Reports of a strong US economy and expectations that further interest rate cuts by the Federal Reserve will be limited. 2.Projections of policies under President-elect Donald Trump, which are anticipated to focus on tax reductions, increased tariffs, and stricter immigration controls.

Both pairs are now attempting to recover toward recent highs.

In this article, we will take a detailed look at the major trends and events shaping the global economy in 2024 and provide insights into what lies ahead in 2025.

The start of the final trading week of November has been eventful. Several currency pairs experienced a “gap” or price difference between Friday’s close and Monday’s opening.