Oil prices climbed on Tuesday, reversing losses from the previous session, as analysts pointed to a more optimistic short-term outlook despite thin trading activity ahead of the Christmas holiday. Brent Crude: Up 0.6% to $73.05 a barrel. WTI Crude: Gained 0.6% to reach $69.62 a barrel as of 0742 GMT. …
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Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
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Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
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Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
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Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
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US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
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Euro Stands Strong Amidst Global Trade Disputes
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Market Analysis
December, 2024
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24 December 2024 11:40 am
Bitcoin Extends Losses Amid Fed’s Hawkish Stance
Bitcoin continued its downward trajectory on Tuesday, marking its fourth consecutive daily decline as the rally triggered by Donald Trump’s presidential election victory faded in the face of a more hawkish Federal Reserve. Bitcoin Price: Fell 2% to $94,159.4 as of 00:22 ET (05:22 GMT), dipping below the critical $93,000 …
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24 December 2024 4:44 am
Market Drivers; US Session
Dollar Remains Resilient as Holiday Trading CommencesThe US Dollar Index (DXY) edged higher on Monday, extending its recent winning streak, as cautious trading characterized the start of the holiday-shortened week. Investor risk appetite appeared subdued, with market volumes contracting ahead of the Christmas holiday. Key economic data releases this week …
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24 December 2024 1:10 am
Oil Prices Slide Amid Supply Glut and Weakening Demand
The oil market saw a major decline as a number of bearish factors combined to cause crude prices to drop precipitously. An impending supply glut and worries about a worldwide economic slowdown, especially in China, have clouded the outlook for the oil market. The tight market conditions earlier this year …
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24 December 2024 12:03 am
Dow Jones Struggles for Footing Amidst Weak Data and Holiday Jitters
The Dow Jones Industrial Average (DJIA) kicked off the Christmas trading week on a subdued note, reflecting a confluence of factors that are currently weighing on market sentiment. A disappointing report on US Durable Goods Orders, coupled with the holiday-shortened trading week, has created a challenging environment for the blue-chip …
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23 December 2024 9:41 pm
EUR/USD declines Amid Deepened Bearish Bias
The EUR/USD currency pair experienced a sharp decline at the beginning of the week, falling by 0.35% to trade near the 1.0400 level. This marked a reversal of the modest gains observed in the preceding sessions, highlighting the persistent bearish sentiment dominating the market. The 20-day Simple Moving Average (SMA), …
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23 December 2024 8:40 pm
XAU/USD Under Pressure as Dollar Strengthens
Gold prices are currently facing headwinds, trading below $2,600 per ounce. This decline coincides with a strengthening US dollar, driven by a confluence of factors. The US equity market has experienced a downturn, with all three major indices trading lower, dampening risk appetite and bolstering demand for the safe-haven US …
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23 December 2024 7:40 pm
DXY Strengthens Ahead of Christmas, Nears Two-Year High
The US Dollar gained momentum on Monday, approaching a two-year peak. This upward trend was fueled by an upward revision in November Durable Goods orders, surpassing initial estimates.Key Developments:Government Shutdown Averted: A last-minute deal prevented a government shutdown, easing market concerns ahead of the holidays.Durable Goods Upward Revision: The upward …
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23 December 2024 6:46 pm
Could USDT Removal Impact EU Amid Crypto Boom Promised By Trump?
The European Union’s Markets in Crypto-Assets (MiCA) regulation, designed to enhance transparency and combat financial crime, is inadvertently reshaping the crypto landscape in the bloc. The forced delisting of Tether (USDT), the dominant stablecoin, from several EU exchanges is creating ripples, potentially dampening the region’s allure for crypto investors just …
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23 December 2024 4:55 pm
U.S. Futures Edge Higher Amid Softer Inflation Data
U.S. stock index futures advanced slightly on Monday as Wall Street reacted to signs of easing inflation, kicking off a shortened trading week ahead of the Christmas holiday. Dow Jones Futures: +5 points (+0.1%) S&P 500 Futures: +10 points (+0.2%) Nasdaq 100 Futures: +60 points (+0.3%) Markets will close early …
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23 December 2024 3:30 pm
U.S. Dollar Rebounds as Euro Weakens Following Lagarde’s Dovish Tone
The U.S. dollar strengthened on Monday, recovering from sharp losses late last week. Signs of cooling inflationary pressures in the U.S. eased concerns about aggressive rate cuts in 2025, while the euro slipped amid dovish remarks by European Central Bank President Christine Lagarde. Dollar Index (DXY): Up 0.4%, trading at …
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23 December 2024 1:59 pm
European Stock Markets Start the Week Lower
European markets opened the week in the red, reflecting a subdued trading environment as the Christmas holiday approaches. At 03:13 ET (08:13 GMT), major indices showed minor declines: Germany’s DAX: -0.4% France’s CAC 40: -0.1% UK’s FTSE 100: -0.1% With many markets preparing to close early or remain shut on …
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23 December 2024 1:15 pm
Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance
Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and hawkish signals from the Federal Reserve continued to weigh on risk assets. Market Performance Bitcoin declined by 0.7%, trading at $95,445.4 as of 00:41 ET (05:41 GMT), extending a losing streak in five of the …
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