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[hfe_template id='11223'] [ad_1] The US dollar is having one of the best rallies as the dollar index, which measures greenback's strength against a basket of six currencies, surged to its strongest levels in over two years. Analysts paint a more rosy picture for the American currency, which could well cast a shadow on emerging markets as is being played out currently. Indian Rupee, in particular, is hitting fresh lows almost everyday. The greenback currency is showing no signs of slowing down, implying a challenging year for Asian markets. Goldman Sachs recently upgraded its dollar forecast as the investment bank projected the dollar to gain as much as 5% in 2025 after rising nearly 8% from September lows last year. "The dollar to rally by about 5% over the coming year on the realization of new tariffs and continued US outperformance," Goldman strategists wrote in a note. Even with this upgrade, they still see the risks tilted towards more dollar strength. ...

[hfe_template id='11223'] [ad_1] Commodity prices liquidated, weighed down by a sharp rebound in the US dollar followed by Donald Trump’s win in the recent US Presidential election. The 25-basis point rate cut by the US Federal Reserve in the first week of November also affects the commodities' price outlook. Commodity prices and the US dollar are inversely correlated. As most of the international commodities are priced in the US currency, a change in the value of the US dollar can affect its prices. Last week, the US dollar advanced to a one-year high against other major currencies. It has gained over 3 percent post the US presidential election. The currency has been on a recovery path since the first week of October, in hopes that the US Central Bank will continue lowering interest rates. Gold and silver, which have been on a bullish trajectory for the last several months, plunged considerably after the US election results. Gold prices in the key London spot market...

[hfe_template id='11223'] [ad_1] The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell said there was no need to rush rate cuts with the economy still growing, the job market solid and inflation still above the 2% target, tempering expectations for a rate cut next month. Fed fund futures for next year slumped with December off 7 ticks and imply just 71 basis points of rate cuts by end-2025. A rate cut next month is no longer a high probability event, with just 61% priced in, down from 82.5% in the prior session. That lifted th...

[hfe_template id='11223'] [ad_1] The unstoppable march of the mega caps, sloth-like central bank pivots, political palpitations aplenty and M&A is back - the first half of 2024 has been another whirlwind in world markets. Forecasts for a global interest-rate-cutting frenzy may not have materialized, but Nvidia and the rest of the Magnificent 7 soared another $3.6 trillion in market value. MSCI's 47-country world stocks index has clocked up a punchy 11% since January. Good yes, but nowhere near the 30% leap of team tech, or the frankly eye-popping 150% gain of chip champ Nvidia. "Thirty percent of the S&P's returns this year have come from Nvidia alone," the chief investment officer of IBOSS Asset Management Chris Metcalfe said, pointing out it was now the most expensive stock on the most expensive market in the world. It is not just equity markets where milestones have been set. Japan's yen has bowed to a 38-year low against the dollar in ...