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 …
Read More »AI’s Legal Shockwave: How One Tool Triggered Sudden Sell-Off in Legal Tech Stocks
The tech world has long predicted that AI would eventually come for the “white-collar” s…
Oil’s Revenge: Trade Deals and Global Friction Ignite a Price Comeback
The oil market just reminded everyone why you never bet against volatility. After a lackluster start…
Global Markets Brace for Policy Shifts Amid Shutdowns and Rate Hikes
Australia’s Hawkish Turn The Reserve Bank of Australia raised its benchmark interest rate by 25 basi…
Silver and Gold Bounce Back: Strong Recovery After Volatile Week
Silver made a striking comeback, climbing to $83.03 per ounce, up nearly 4.7%. After days of sharp s…
Dow Jones Wavers as Palantir Rockets, PayPal Crashes and Gold Shines Again
AI Winners, Earnings Losers, and a Market Caught in BetweenUS stocks delivered a mixed performance o…
U.S. Stock Futures Steady as Investors Brace for Earnings Deluge
U.S. stock index futures were little changed on Tuesday following recent bouts of volatility, as inv…
EUR/JPY Rises as Eurozone Shows Stability, Japan Faces Election Uncertainty
EUR/JPY traded higher on Tuesday, reflecting a mix of stability in the Eurozone and political uncert…
Fed’s Barkin: Shutdown Could Cause Short disruptions, bigger questions Still on jobs and inflation
Richmond Fed President Thomas Barkin said the ongoing US government shutdown is likely to cause only…
Oil Prices Stabilize as Markets Weigh Supply Outlook and Potential U.S.-Iran Thaw
Oil prices steadied on Tuesday after tumbling more than 4% in the previous session, as traders reass…
Bitcoin Bounces From 10-Month Lows but Stays Below $80,000 as Policy Uncertainty Lingers
Bitcoin rebounded modestly on Tuesday after tumbling to near 10-month lows, but the world’s largest …
Market Analysis
December, 2024
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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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23 December 2024 12:25 pm
UK Economic Stagnation Highlights Challenges for Starmer’s New Government
The British economy showed no growth in the third quarter, according to revised data from the Office for National Statistics (ONS), highlighting economic challenges facing Prime Minister Keir Starmer‘s government. The ONS adjusted its estimate of GDP growth for the July-to-September period to 0.0%, down from an initial projection of …
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23 December 2024 11:21 am
Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions
Oil prices began the week on a positive note, bolstered by data showing cooling U.S. inflation, which revived hopes for monetary policy easing in 2024, supporting global economic growth and oil demand. Brent crude futures rose $0.26 (0.4%) to $73.20 per barrel, while West Texas Intermediate (WTI) crude climbed $0.31 …
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22 December 2024 11:31 pm
Weekly Recap: Fed Hawkishness Shakes Stocks, Dollar Strengthens
US stocks had a volatile week, with a sharp decline on Wednesday, followed by recovery on Friday. Volatility followed Fed’s unexpected hawkish stance during the last policy meeting in 2024. While the Fed approved a widely anticipated quarter-point interest rate cut, its projection for fewer rate cuts in 2025 than …
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21 December 2024 1:12 am
EUR/USD rebounds following American PCE data
EUR/USD is about 0.70% up, trading at 1.0427 at the time of writing. Earlier on Friday, the EUR/USD pair has rebounded above 1.0400 in the North American session after posting a three-week low near 1.0340 in Asian trading hours. The major currency pair’s growth in the US Personal Consumption Expenditures …
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21 December 2024 12:19 am
Explainer: Why Does Latest EIA’s Report Matter for Energy Markets?
The recent report from the US Energy Information Administration (EIA) revealed a smaller-than-expected drawdown in U.S. commercial crude oil inventories, casting a shadow on expectations of a more significant decline. While stocks did decrease by 900,000 barrels, this figure fell short of the anticipated 1.7 million barrels, a discrepancy that …
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20 December 2024 11:54 pm
As Inflation Cools, US Stocks Surge
The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation report. This positive news provided a much-needed respite for investors grappling with the looming threat of a government shutdown and recent uncertainty surrounding the Federal Reserve’s monetary policy.The Commerce Department’s report revealed that the Personal …
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20 December 2024 10:47 pm
Crypto Market Reeling following Dampened Rate Cut Expectations, Bitcoin Falls Below $100,000
The cryptocurrency market has experienced a significant downturn, with Bitcoin plunging below $100,000, trading at the time of writing at only $97,173, down some -0.23 on the day, and other major tokens suffering even steeper losses. This sharp correction coincides with a shift in the Federal Reserve’s monetary policy stance, …
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20 December 2024 9:32 pm
Will AI Bubble Burst in 2025?
2024 has been a year of unprecedented growth for Wall Street, fueled by a confluence of factors, most notably the artificial intelligence (AI) revolution. AI stocks, led by giants like Nvidia, have soared, capturing investor imagination with the promise of transformative technological advancements. However, the current euphoria surrounding AI may …
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