Key Highlights Bitcoin Slides Further: Bitcoin Price: Down 2.1% to $96,403.7 by 06:30 GMT. Year-End Trading: Soft volumes and cautious sentiment around cryptocurrencies have fueled the decline. Impact of Inaccurate Chart Data: An anomaly in TradingView’s Bitcoin dominance chart, which falsely displayed Bitcoin’s market share dropping to 0%, caused confusion …
Read More »US Session Recap: Commodities Take A Significant Hit
Global financial markets saw a significant shift as the US Dollar (USD) staged a solid comeback, enj…
Q3 Earnings: Netflix’s Revenue Climbs 17% Amid Earnings Shortfall from Brazilian Tax Issue
Netflix unveiled its third-quarter 2025 financial results on October 21, emphasizing revenue growth …
Traders Bet on Further US Treasury Rally as Yields Slide and Shutdown Fuels Flight to Safety
Bond traders are increasingly positioning for a deeper decline in U.S. Treasury yields, even after t…
Dow Jones Breaks Records as Strong Earnings Spark Wall Street Rally
The Dow Jones Industrial Average soared to a new all-time high on Tuesday, surpassing the 47,000 mar…
Oil Prices Find Footing as Market Balances Oversupply Fears and Trade Tensions
Oil prices steadied on Tuesday after sliding to their lowest levels since early May, as investors we…
Gold Retreats as Trade Optimism and Dollar Strength Shake Markets
Gold prices fell sharply this week after briefly touching record highs, as renewed optimism over glo…
Fed Poised for Trimming Rate Twice This Year Amid Economic Uncertainty
The U.S. central bank is widely expected to lower its benchmark interest rate twice more before the …
Bitcoin Rebounds as Gold Suffers Its Sharpest Fall in Years: A Market Shift in Motion
Bitcoin staged a powerful comeback on Tuesday, climbing back above the $113,000 mark after briefly d…
Canada’s Inflation Rises Slightly, Keeping Pressure on the Bank of Canada
Canada’s Consumer Price Index (CPI) edged higher in September, signaling a modest uptick in inflatio…
Oil Prices Edge Higher as Traders Weigh Oversupply Risks and Trade Outlook
Oil prices rebounded modestly on Tuesday, recovering from their sharp decline in the previous sessio…
Market Analysis
December, 2024
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27 December 2024 11:16 am
Gold Prices Steady in Thin Year-End Trading, Set for Weekly Gain
Key Highlights Gold Prices Hold Steady: Spot Gold: Unchanged at $2,633.40 per ounce. Gold Futures (Feb): Slight dip of 0.2% to $2,649.91 per ounce by 05:20 GMT. Weekly Performance: Set to gain 0.3%, recovering from a 1% decline last week. Muted Trading Activity: Year-end holidays reduced trading volumes as institutional …
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27 December 2024 10:37 am
Oil Prices Steady Amid Thin Holiday Trading and Cautious Year-End Sentiment
Key Highlights from Friday’s Trading Flat Performance in Oil Prices: Brent Oil Futures held steady at $73.22 per barrel. WTI Crude Oil Futures remained largely unchanged at $69.19 per barrel during the Asian session. Thin Trading Volumes: The holiday-shortened week saw reduced trading activity as many institutional investors took time …
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27 December 2024 2:29 am
Bitcoin’s 2025 Outlook Brightens on Expectations of Pro-Crypto US Policy
Bitcoin (BTC) experienced a remarkable surge in 2024, reaching a new all-time high of $108,353 in mid-December, representing a 140% price increase. This milestone, surpassing $2 trillion in market capitalization, marked a significant turning point for Bitcoin and the broader cryptocurrency market. As for its daily performance; Bitcoin is -3.7% …
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26 December 2024 10:43 pm
Cautiously Optimistic Outlook for 2025: Navigating Interest Rates and InflationThe US economy defied recession predictions in 2024, demonstrating robust growth, moderating inflation, and improved efficiency. While a “soft landing” remains the prevailing expectation, several key factors will shape the economic landscape in 2025.Evolving Role of the Federal ReserveThe Federal Reserve’s …
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26 December 2024 8:53 pm
XAU/USD Consolidates Above $2,630 Ahead of Christmas
Gold prices are holding steady above $2,630 per ounce as the US Dollar maintains its strength. The Federal Reserve has signaled a slower pace of interest rate cuts next year, reducing upward pressure on Gold. This, coupled with the recent rise in US Treasury yields, is weighing on the precious …
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26 December 2024 7:16 pm
Is It A Risky Point? Turkey’s Central Bank Cuts Rates Amid Lingering Inflation
Turkey’s central bank recently made a significant policy shift, cutting its key interest rate by 2.5 percentage points to 47.5%. This marks the first rate cut in nearly two years, a move that has raised eyebrows among economists given the country’s ongoing struggle with high inflation. The bank’s decision was …
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26 December 2024 2:36 pm
China Revises 2023 GDP Upwards Amid Mixed Economic Signals
Key Updates on GDP and Growth Revised GDP Figures: China’s 2023 GDP was revised upwards by 2.7% to 129.4 trillion yuan ($17.73 trillion), reflecting updated data from the fifth national economic census. Growth Target for 2023: Policy measures implemented late in the year helped set the economy on track to …
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26 December 2024 1:59 pm
Bitcoin Struggles to Maintain Momentum Amid Macroeconomic Pressures and Hawkish Fed Outlook
Market Performance Bitcoin (BTC): Down 0.1% to $98,124.6 as of 01:35 ET (06:35 GMT), trading in a tight range after two consecutive sessions of gains. Other major cryptocurrencies also retreated, reflecting subdued investor sentiment following the Federal Reserve’s recent hawkish shift. Key Factors Impacting Bitcoin and Cryptocurrencies Macroeconomic Pressures: Bitcoin’s …
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26 December 2024 12:08 pm
Oil Prices Edge Higher Amid Chinese Fiscal Stimulus Hopes and Falling U.S. Crude Inventories
Market Performance Oil prices increased slightly in thin holiday trading on Thursday, buoyed by optimism surrounding China’s fiscal stimulus and an anticipated drop in U.S. crude oil inventories. Brent Crude Futures: Rose 13 cents, or 0.2%, to $73.71 per barrel by 0650 GMT. West Texas Intermediate (WTI) Crude: Gained 11 …
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26 December 2024 11:22 am
Gold Prices Edge Higher Amid Cautious Sentiment and Geopolitical Tensions
Highlights Gold Prices Rise Slightly Spot Gold: Up 0.4% to $2,627.55 per ounce. Gold Futures (February): Increased 0.1% to $2,643.86 per ounce as of early Thursday. A slightly weaker US dollar supported gold prices in thin post-holiday trading, though gains were capped by caution stemming from the Federal Reserve’s hawkish …
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24 December 2024 9:22 pm
What could key assets expect in the new year?
Financial markets are poised for a challenging 2025, navigating corporate transformations, geopolitical uncertainties, and economic resilience. Key factors like government policies, market dynamics, and global events will significantly impact major sectors including oil, gold, the US dollar, and cryptocurrencies.The US election outcome could trigger a long-term economic upswing, driven by …
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24 December 2024 7:44 pm
Gold prices still pressured as Fed Signals Fewer Rate Cuts
The financial markets are entering a period of reduced trading activity in the coming two weeks as investors observe the holiday season and the approach of the New Year. During this time, market participants will continue to assess the Federal Reserve’s adjustments to monetary policy as announced at the final …
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