Germany’s industrial production saw a significant decline in December 2024, marking the steepest drop in five months as the manufacturing sector continued to face challenges despite signs of stabilization in other parts of the economy. Key Figures and Sector Impact Industrial output fell by 2.4 percent from the previous month, …
Read More »Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Gold Shatters $3,000 Barrier: Historic Safe-Haven Surge Amid Global Uncertainty
In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an a…
Bristol Myers Squibb Gains Expanded EU Approval for CAR-T Therapy Breyanzi
The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CA…
Forex Market Overview: Yen Weakens, Pound Slips, Dollar Recovers
The Japanese yen weakened on Friday after concluding union wage negotiations, while the British poun…
Oil Prices Rebound as Ukraine Conflict Persists, Trade War Concerns Loom
Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Uk…
Gold Prices Hold Near Record Highs Amid Trade Tensions, Rate Cut Expectations
Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-…
Market Analysis
February, 2025
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7 February 2025 11:37 am
Gold Prices Rise, Near Record Highs as Safe-Haven Demand Strengthens
Gold prices rose in Asian trading on Friday, staying close to recent record highs as investors sought safe-haven assets amid global uncertainty ahead of key U.S. labor market data. Key Gold Price Movements Spot gold: $2,862.67 per ounce (+0.2%) Gold futures: $2,884.81 per ounce (+0.3%) Weekly gain: +2.4% Gold was …
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7 February 2025 10:33 am
Oil Prices Steady but Headed for Third Weekly Decline Amid Oversupply Fears and Trade Tensions
Oil prices remained largely unchanged in Asian trading on Friday but continued to be on track for their third consecutive weekly decline, driven by concerns over a supply glut and U.S.-China trade tensions. Brent Oil Futures: $74.27 per barrel (flat) U.S. Crude (WTI) Futures (March): $70.33 per barrel (flat) Weekly …
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7 February 2025 3:03 am
Gold Prices Retreat Amid Profit Taking, Stronger Greenback
Gold prices experienced a downturn, influenced by a confluence of factors including a strengthening US dollar, rising Treasury yields, and profit-taking by traders. This decline occurred despite underlying market jitters related to US equities and employment data. Gold’s upward momentum stalled on Thursday, as US Treasury yields rebounded and the …
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6 February 2025 11:57 pm
USD/CAD Creeps Up as Markets Brace for Jobs Reports
The USD/CAD pair edged higher to around 1.4305 late Thursday, supported by slightly firmer US yields. Market caution prevailed due to ongoing uncertainty surrounding US trade policy, particularly regarding potential tariffs on Canada. While a 30-day delay on tariffs was granted, the threat persists, and any renewed trade tensions could …
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6 February 2025 10:51 pm
Dow Jones Dips Amid Tech Sector Struggles
The Dow Jones Industrial Average (DJIA) fell by approximately 150 points on Thursday, reaching around 44,750. While overall US equities saw gains, the Dow was weighed down by losses in major tech stocks following disappointing earnings reports.Several tech companies missed revenue and growth expectations, impacting investor sentiment. Economic data was …
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6 February 2025 9:57 pm
Decoding Looming NFP Report: A Deep Dive into the Numbers and Market Implications
The U.S. Bureau of Labour Statistics (BLS) is poised to release its January Nonfarm Payrolls (NFP) report, a critical economic indicator that provides insights into the health of the U.S. labour market. The consensus forecast anticipates an increase of around 170,000 jobs, following a 256,000 increase in December. This report …
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6 February 2025 8:45 pm
BoE Cuts Rates, Warns of Inflation, Slashes Growth Forecast
The Bank of England recently cut interest rates to 4.5% from 4.75% and significantly lowered its economic growth forecast for 2025 from 1.5% to 0.75%. While they upgraded growth predictions for 2026 and 2027, they also warned of rising inflation due to increased energy and water bills, potentially reaching 3.7% …
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6 February 2025 7:01 pm
GBP Tumbles After Rates Slashed
The British Pound (GBP) plummeted against the US Dollar (USD) on Thursday, shedding nearly 1% after the Bank of England (BoE) delivered a surprise interest rate cut. The GBP/USD pair tumbled to a low of 1.2359, reflecting the market’s reaction to the BoE’s unexpectedly dovish stance and subsequent forecasts of …
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6 February 2025 3:56 pm
European Stocks Rise as Investors Await BoE Rate Decision and Earnings Reports
European stock markets advanced on Thursday, with investors keeping a close watch on the Bank of England’s (BoE) upcoming rate decision and digesting a wave of corporate earnings reports. Germany’s DAX: +0.8% France’s CAC 40: +0.6% UK’s FTSE 100: +1.2% Bank of England Expected to Cut Rates The BoE is …
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6 February 2025 2:47 pm
Oil Prices Recover Slightly After Saudi Price Hike
Oil prices edged up on Thursday, partially recovering from the previous day’s drop, after Saudi Arabia’s state-owned oil company raised its March crude prices sharply. However, the gains barely made a dent in the significant decline of Brent crude the day before. Oil Price Movements Brent Crude Futures: $74.89 (+0.4%) …
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6 February 2025 1:54 pm
Gold Prices Hold Steady Amid U.S.-China Trade Tensions
Gold prices maintained a steady upward trajectory in Asian trade on Thursday, staying close to their record highs as fears surrounding the U.S.-China trade war continue to fuel demand for safe-haven assets. Gold Market Update Spot Gold: $2,869.17 (+0.1%) Gold Futures (April): $2,887.90 (-0.2%) Record High: $2,882.53 (hit on Wednesday) …
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6 February 2025 12:27 pm
Bitcoin Holds Steady as U.S.-China Trade Tensions Weigh on Market
Bitcoin remained largely stable on Friday, reflecting muted risk appetite amid escalating trade tensions between the U.S. and China. Meanwhile, MicroStrategy (NASDAQ:MSTR) reported its fourth consecutive quarterly loss, though it continued expanding its Bitcoin holdings. Bitcoin Market Update Bitcoin (BTC/USD): $97,742.7 (-0.3%) as of 00:35 ET (05:35 GMT) Market Sentiment: …
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