Bitcoin’s meteoric rise to a new all-time high of $107,793 this week has been fueled by a surge in institutional adoption. The most famous cryptocurrency is trading at $106,575 at the time of writing Corporate Appetite for BitcoinMicroStrategy’s Massive Purchase:Michael Saylor’s MicroStrategy has once again demonstrated its commitment to Bitcoin, …
Read More »Gas and Electricity Prices Surge: A Perfect Storm Brewing
The global energy landscape is facing a perfect storm of soaring gas and electricity prices, driven by a confluence of factors that are set to impact consumers and businesses worldwide. As winter approaches, the situation is expected to worsen, with potential consequences for economies and societies.The Power CrisisThe recent spike …
Read More »Canadian Dollar Slumps as Inflation Cools
The Canadian dollar weakened further against the US dollar (USD) on Tuesday as the latest inflation data revealed a steeper-than-expected decline in headline Consumer Price Index (CPI) inflation. This development has raised concerns about the country’s economic outlook and fueled expectations for further interest rate cuts by the Bank of …
Read More »US Rate Preview: How could financial markets react to last FOMC decision in 2024?
The Fed will likely move ahead with another 25-basis point cut at its December meeting. The Federal Reserve’s last meeting in 2024 is poised to be a pivotal moment in the ongoing economic battle against inflation in the United States. As the US central bank prepares to deliver its final …
Read More »Gold prices pressured ahead of FOMC decision
Gold prices have retreated from their recent highs, pressured by rising US Treasury yields. This shift reflects a change in market expectations for Federal Reserve interest rate cuts. The upcoming FOMC meeting is a pivotal moment for gold, as the Fed’s policy decisions and forward guidance will significantly impact the …
Read More »DXY Rally Stalls After Mixed Retail Sales Data
The US dollar’s recent rally has paused following the release of November retail sales figures, which offered a mixed picture of consumer spending. While the headline number slightly exceeded expectations, other key indicators fell short, leaving traders unimpressed and the US Dollar Index (DXY) hovering around the 107.00 mark.Retail sales …
Read More »Forex: U.S. Dollar Holds Firm Ahead of Fed Decision; Pound Rises on Strong UK Wage Data
The U.S. dollar maintained its strength on Tuesday, as investors braced for an expected interest rate cut by the Federal Reserve and recalibrated their outlook for the pace of monetary easing in 2024. Traders are increasingly convinced the Fed will adopt a gradual approach to reducing borrowing costs amid persistent …
Read More »German Business Morale Drops as Industrial Slump Deepens, but Investors Eye Optimism
German business sentiment deteriorated more than expected in December, as companies grappled with geopolitical uncertainty, industrial stagnation, and broader economic headwinds in Europe’s largest economy. Ifo Business Climate Index Falls The Ifo Institute’s business climate index fell to 84.7 in December, down from a downwardly revised 85.6 in November. This …
Read More »Oil Prices Dip Amid China Demand Woes, Caution Ahead of Fed Decision
Oil prices edged lower on Tuesday as renewed demand concerns in China weighed on sentiment, while investors adopted a cautious stance ahead of the U.S. Federal Reserve’s final policy decision of the year. West Texas Intermediate (WTI) crude fell 11 cents to $70.60 a barrel (as of 0802 GMT). Brent …
Read More »Bank of Japan Faces Tough Decision Amid Growth Concerns and Policy Uncertainty
The Bank of Japan (BOJ) is set to conclude its final two-day meeting of the year on Thursday, with analysts and markets closely watching whether the central bank will raise interest rates or maintain its cautious stance. The decision comes against the backdrop of slowing economic momentum and increasing political …
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