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. …
Read More »Bitcoin steadies near seven-month lows as traders eye U.S. jobs data and Fed signals
Bitcoin edged higher after a sharp selloff, with investors treading carefully ahead of a long-delaye…
Gold Rises in Asia as Fiscal Jitters and Fed Uncertainty Lift Safe-Haven Demand
Gold advanced in Asian trading, supported by safe-haven flows amid fresh worries about fiscal sustai…
Europe Opens Cautious as Nvidia Looms; UK CPI Eases, Oil Slips on U.S. Stock Build
European equities were little changed early Wednesday as traders held fire ahead of Nvidia’s quarter…
U.K. Inflation Cools Less Than Forecast, Keeping BoE December Cut in Play
U.K. inflation eased in October but by slightly less than expected, leaving the Bank of England on a…
Fed Minutes: A Pivotal December Decision Looms
On Wednesday, the Federal Reserve will publish the minutes of its most recent meeting – widely seen …
Bitcoin Sinks Below $90K Amid Fed Uncertainty; Cloudflare Outage Adds to Market Strain
Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000 th…
Wall Street Extends Losses as Nvidia Earnings, Delayed Jobs Data Keep Risk Appetite in Check
U.S. equities fell Tuesday, deepening November’s pullback as investors trimmed exposure to mega-cap …
U.S. Factory Orders Rebound in August, but Core Capex Softer Than First Estimated
U.S. new orders for manufactured goods rose in August, snapping the prior month’s decline, though a …
Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields
The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Gov…
Oil slips as Russian exports resume; traders eye sanctions drag and 2026 surplus
Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing imm…
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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