Bitcoin extended its recent rally on Tuesday, briefly reaching a fresh all-time high as investor sentiment remained buoyed by hopes of pro-crypto policies under incoming U.S. President Donald Trump. The surge comes as Trump floated the idea of establishing a Strategic Bitcoin Reserve—a move that has sparked both enthusiasm and …
Read More »Forex: U.S. Dollar Holds Firm Amid Central Bank Decisions; Bitcoin Hits Record High
The U.S. dollar remained near a three-week peak against major currencies on Monday as financial markets braced for a busy week of central bank policy meetings. Investors are closely watching the Federal Reserve, which is widely expected to lower interest rates while signaling a gradual approach to further easing throughout …
Read More »U.S. Stocks Edge Higher Amid Fed Meeting Anticipation
U.S. stocks saw modest gains on Monday, with trading activity subdued as investors awaited the Federal Reserve’s final policy meeting of the year. By 06:10 ET (11:10 GMT), Dow Jones Futures rose 50 points (0.1%), S&P 500 Futures added 8 points (0.1%), and Nasdaq 100 Futures climbed 55 points (0.3%). …
Read More »Europe’s Labour Market Shows Signs of Cooling, Easing Inflation Pressures
Europe’s labour market softened in the third quarter, with data on Monday indicating a decline in inflationary pressures, potentially paving the way for further interest rate cuts. Labour cost growth in the eurozone slowed to 4.6% in Q3, down from 5.2% in the previous quarter, according to Eurostat. Meanwhile, the …
Read More »Bitcoin Hits Record High Amid Speculation on U.S. Crypto Reserve and Pro-Crypto Sentiment
Bitcoin surged to an unprecedented high above $106,000 on Monday, fueled by optimism surrounding a potentially favorable regulatory environment under President-elect Donald Trump. His comments about creating a U.S. strategic bitcoin reserve—akin to the nation’s oil reserves—further bolstered market enthusiasm for cryptocurrencies. Key Highlights: Bitcoin Price Surge: Bitcoin reached a …
Read More »Oil Futures Pull Back Amid Profit-Taking, Sanction Risks, and Fed Meeting Anticipation
Oil futures eased slightly on Monday after reaching their highest levels in weeks, as traders booked profits ahead of the Federal Reserve’s final policy meeting of the year. Despite the decline, prices remain supported by fears of supply disruptions linked to potential U.S. sanctions on major oil exporters like Russia …
Read More »Gold Prices Hold Steady Amid Fed Meeting Expectations; Copper Pressured by Weak China Data
Gold prices remained relatively flat during Asian trading on Monday as investors tread cautiously ahead of the Federal Reserve’s final policy meeting for 2024. A stronger dollar and mixed signals on U.S. interest rate expectations added pressure to the precious metal, while industrial metals, such as copper, faced headwinds from …
Read More »Dow Jones trying to form a bottom 16/12/2024
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Read More »USD/JPY Continues Upward Rally 16/12/2024
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Read More »GBP tends to be negative 16/12/2024
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