The final days of the year have descended upon global markets, ushering in a period of characteristically subdued activity. With major exchanges shuttered for several days during the holiday week, trading volumes have dwindled, and price movements have become muted. The US Dollar Index (DXY) has remained largely unchanged, hovering …
Read More »Japanese Yen Stabilizes as USD/JPY Rally Cools
The Japanese Yen has stabilized after a period of steady weakness against the US Dollar. The recent …
Nvidia Stock Under Pressure as AI Trade Faces China Headwinds and Market Caution
Nvidia shares came under pressure in recent trading, falling by more than 3% as investors reacted to…
Euro Holds Steady Against Pound as UK Weakness Contrasts With Resilient Eurozone Growth
The euro remained broadly stable against the British pound on Tuesday after sharp moves in the previ…
British Pound Slides as UK Political Uncertainty and Strong US Economy Boosts Dollar
The British Pound weakened sharply against the US Dollar on Tuesday as investors reacted to politica…
Dollar Hits 1-Year High as Two Fed Hikes Now Priced: Yen Approaches 40-Year Low as Katayama Holds Emergency Talks With Bessent
Key Takeaways Dollar at 1-year peak: The DXY rose to 101.18 — its highest in over a year — driven by…
Nasdaq Futures Tumble 2.6% as AI Trade Cracks: Two Fed Hikes Now Priced as Samsung and SK Hynix Plunge 8-11%
Key Takeaways Futures crash: S&P 500 futures slid 1.36% to 7,371.6; Nasdaq 100 futures tumbled 2…
European Stocks Slide 1% as Iran Peace Euphoria Evaporates and Higher-for-Longer Rate Fears Return: ECB’s Next Move in Focus
Key Takeaways Sharp open in red: The Stoxx 600 fell 1%, Germany’s DAX dropped 1.3%, FranceR…
Gold Plunges 2% as December Fed Hike Odds Hit 90%: Dollar Near 13-Month High Squeezes Bullion From Both Sides
Key Takeaways Gold falls sharply: Spot gold dropped 1.8% to $4,117.61 per ounce, while gold futures …
Oil Edges Up After Monday’s 3% Crash: U.S. Issues 60-Day Iranian Oil Sanctions Waiver as Peace Deal Momentum Builds
Key Takeaways Modest rebound: Brent rose 0.3% to $78.10 per barrel, while WTI gained 0.4% to $74.18 …
Farewell to a Legend, Fed’s New Chapter Begins
The economic world bid farewell to one of its most influential figures, who passed away at the age o…
Market Analysis
December, 2024
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31 December 2024 12:03 am
Market Drivers, US Session – Holiday Grind: Markets Drift in Year-End Slumber
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30 December 2024 11:34 pm
Loonie Lifts on Thin Holiday Trading, But Outlook Remains Dim
The Canadian Dollar staged a modest recovery against the US Dollar on Monday, gaining nearly half a percent. However, this move appears driven by thin trading conditions and a lack of significant market activity as the year draws to a close.With most global markets observing the holiday season, trading volumes …
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30 December 2024 10:42 pm
Tech Tumble Dampens US Stocks as 2025 Draws Near
The year 2024 ended with a subdued note for US stocks, particularly the technology sector. This downturn, following the Federal Reserve’s indication of a slower pace of interest rate cuts, raises questions about the market’s resilience and the sustainability of its recent gains.While the S&P 500 enjoyed a remarkable 25% …
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30 December 2024 10:03 pm
EUR/USD Slumps Below 1.0400 as Holiday Trading Cools
The EUR/USD pair slipped below the 1.0400 level on Monday as subdued trading volumes characterized the final days of the year. With many markets closed for the New Year’s holiday, investor activity has significantly diminished, leading to muted price action across most asset classes.The upcoming holiday week will see further …
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30 December 2024 8:58 pm
Sterling Weakens Against US Dollar as Year-End Trading Winds Down
The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, as the US Dollar rebounded in thin trading conditions ahead of the New Year holiday. The GBP/USD pair fell below 1.2550 after failing to sustain an intraday high above 1.2600.The US Dollar Index (DXY) rose towards 108.30, poised …
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30 December 2024 7:52 pm
XAU/USD Slides as US Dollar Rebounds, Fed Signals Fewer Rate Cuts
Gold prices declined sharply on Monday, falling towards $2,600, as the US Dollar strengthened. The US Dollar Index (DXY) rebounded above 108.00, making gold more expensive for holders of other currencies.While lower US Treasury yields typically weigh on gold, the relationship between the two assets was less pronounced on Monday. …
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30 December 2024 5:17 pm
European Stock Markets Mixed as 2024 Nears Close
European stocks exhibited a mixed performance on Monday, reflecting the cautious sentiment on the final full trading day of the year. DAX (Germany): +0.1% CAC 40 (France): +0.1% FTSE 100 (UK): -0.2% Muted Trading ActivityWith many markets preparing for early closures on Tuesday for the New Year holiday, trading volumes …
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30 December 2024 3:56 pm
US Dollar Retreats Slightly but Holds Near Highs as Year-End Approaches
The US dollar edged down on Monday, with the Dollar Index slipping 0.1% to 107.690 as of 09:55 GMT. Despite this minor dip, the dollar remains on track for a monthly gain of over 2%, bringing its year-to-date rise to nearly 7%. Key Drivers Behind the Dollar’s Performance: Rising Treasury …
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30 December 2024 2:38 pm
Bitcoin Declines Amid Strong Dollar and Rate Concerns
Bitcoin continued its downward trend on Monday, slipping 1.6% to $93,869.0 by 10:04 GMT. This follows its peak of over $108,000 nearly two weeks ago. Despite the recent pullback, Bitcoin remains up a remarkable 120% year-to-date, fueled by optimism over potential digital currency backing under the incoming Trump administration. Market …
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30 December 2024 1:52 pm
Boeing Shares Drop Amid South Korea’s Deadliest Aviation Disaster
Boeing’s (NYSE:BA) stock fell over 4% in premarket trading on Monday following a tragic aviation accident involving a Boeing 737-800 in South Korea. The crash, which occurred at Muan International Airport, claimed the lives of 179 people and is being labeled as the deadliest air disaster in the country’s history. …
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30 December 2024 1:27 pm
Oil Prices Dip Amid Thin Holiday Trade, Eyes on U.S. and China Data
Oil prices edged lower on Monday in light holiday trading as markets awaited key economic data from China and the U.S., the world’s two largest oil consumers, to gauge future growth prospects. Price Movement Brent crude futures slipped 8 cents to $74.09 a barrel by 0700 GMT, while the more …
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29 December 2024 9:07 pm
Weekly Recap: A Rocky Year’s Finish
The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …
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27 December 2024 11:55 pm
Gold Price Slumps Amid Existing Elevated Interest Rates
Gold prices continued their downward trajectory today, weighed down by persistently strong US interest rates. This decline brings the market closer to a critical support level – a key trend line – whose breach could signal further weakness. The precious metal is trading at 2,620.95, down -0.45% on the day.Technical …
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