The US Dollar Index (DXY) continues to display remarkable strength as the year draws to a close, trading near 108.00 despite the holiday-thinned market. While muted trading activity and cautious market sentiment have limited volatility, the dollar remains firmly bid. This resilience reflects a confluence of factors, from the robust …
Read More »US Dollar and Gold Surge After Trump’s Comments on New Tariffs
The US dollar continued to rise alongside gold, amidst significant market fluctuations triggered by …
McDonald reveals Q4 mixed performance, Eyes 2025 Rebound
McDonald’s Q4 results showed mixed performance, with revenue slightly below expectations and a…
US Stocks Remain Resilient Amid Tariff Threats, Inflation Concerns
US stock market demonstrated resilience this week, navigating a landscape of renewed tariff threats …
Bitcoin Price Recovers Slightly, But Concerns on Fresh Tariffs, Inflation Persist
The price of bitcoin has somewhat recovered, but inflation and new tariff worries are still present.…
Lagarde Reaffirms ECB’s Recovery Outlook Despite Inflation Uncertainties
In her speech on Monday, Christine Lagarde, the president of the European Central Bank, reiterated t…
EUR/USD appreciates as investors grow alarmed by fresh tariff threats
Although the EUR/USD recovers some of its intraday losses and closes to 1.0300, the picture remains …
Trump’s Looming Tariffs and BoE Shift Weigh on Pound Sterling
The Pound Sterling weakened against the US Dollar on Monday, falling below the 1.2400 level to 1.238…
Dollar Strengthens as Trump Announces New Tariffs
The U.S. dollar edged higher on Monday as investors reacted to President Donald Trump’s announcement…
European Stocks Edge Higher Despite Trade Uncertainty
European stock markets opened on a positive note Monday, showing resilience despite fresh U.S. trade…
Gold Surges to Record Highs Amid Trade Tariff Uncertainty
Gold prices climbed to all-time highs on Monday, as escalating trade tensions and global economic un…
Market Analysis
December, 2024
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27 December 2024 9:22 pm
Dow Jones Slumps as Tech Retreats Amid Holiday Thin Trading
The Dow Jones Industrial Average (DJIA) experienced a significant decline on Friday, shedding nearly 400 points. This downturn occurred amidst thin holiday trading volumes, with many investors remaining on the sidelines. The broader market also cooled, particularly in the technology sector, as investors engaged in some profit-taking ahead of the …
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27 December 2024 7:49 pm
The Eurozone’s Shifting Sands: Southern Resilience, Northern Woes
The EUR/USD currency pair recently displayed a modest rebound, inching towards 1.0430 after a period of decline. While this provides some respite, the pair remains below the crucial 20-day SMA, indicating a persistent downtrend. A sustained break above this SMA would be necessary to signal a potential shift in market …
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27 December 2024 2:54 pm
U.S. Stock Futures Slip Amid Soft Trading and Rising Treasury Yields
Key Points Futures Market Movement: S&P 500 Futures: Down 0.1% to 6,090.0 points. Nasdaq 100 Futures: Declined 0.3% to 21,985.75 points. Dow Jones Futures: Edged lower by 0.1% to 43,668.0 points. Wall Street Overview: The major indices were largely unchanged during Thursday’s session. S&P 500: Flat at 6,037.59 points. NASDAQ …
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27 December 2024 2:53 pm
Bitcoin Declines Amid Thin Trading, Set for Second Weekly Loss
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 …
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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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