Earlier on Monday, the cryptocurrency market has experienced a sharp downturn, with Bitcoin plunging below $91,000, reigniting fears of a broader crypto market crash. This dramatic decline follows a period of relative strength, fueled by expectations of a more accommodative Federal Reserve. However, recent economic data, particularly the robust jobs …
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
January, 2025
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13 January 2025 8:45 pm
DXY Continues to Recover to Levels Above 110
The US dollar has continued its upward trend since the beginning of the new trading week, during the North American trading session, supported by recent developments in the financial markets last week, particularly regarding the policies of US President-elect Donald Trump and US employment data. The most prominent of these …
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13 January 2025 7:42 pm
Japan Urges US to Reconsider Block on Nippon Steel’s Acquisition of US Steel
In a recent online meeting, Japan’s Prime Minister Shigeru Ishiba urged US President Joe Biden to address concerns within the Japanese and US business communities regarding his decision to block Nippon Steel’s planned acquisition of U.S. Steel.The request was made during a three-way discussion with Biden and Philippine President Ferdinand …
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13 January 2025 7:03 pm
New York Fed Survey Reveals Mixed Inflation Outlook Amidst Growing Debt Concerns
The New York Federal Reserve’s latest Survey of Consumer Expectations revealed a mixed picture of consumer inflation expectations in December, with concerns about household debt rising.Key Findings: Mixed Inflation Expectations:One-year ahead inflation expectations remained steady at 3%. Three-year ahead inflation expectations ticked up to 3% from 2.6% in November. Five-year …
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13 January 2025 6:01 pm
Gold Falls on Slower Rate Cut Expectations, Inflation Data in Focus
Gold prices dipped on Monday as traders adjusted their expectations for U.S. interest rate cuts following stronger-than-expected nonfarm payroll data. The report boosted the dollar and raised doubts about the Federal Reserve’s willingness to ease monetary policy in the near term. Spot gold declined by 0.9%, trading at $2,664.64 an …
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13 January 2025 4:23 pm
China’s Export Growth Surges in December Amid Trump Presidency Concerns
China’s exports experienced significant growth in December, providing a much-needed boost to an economy still contending with a prolonged property downturn and subdued consumer confidence. The acceleration in export activity was largely driven by manufacturers expediting shipments overseas in anticipation of potential trade policy shifts under the incoming U.S. administration …
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13 January 2025 1:39 pm
European Shares Slide as Rate Cut Expectations Diminish Following U.S. Jobs Data
European stock markets opened lower on Monday, led by declines in technology and healthcare stocks, as stronger-than-expected U.S. labor market data dampened hopes for significant Federal Reserve rate cuts this year. The pan-European STOXX 600 index dropped 0.5% by 0812 GMT, extending losses from Friday when it fell nearly 1% …
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13 January 2025 12:22 pm
Oil Prices Surge as U.S. Sanctions Target Russian Exports
Oil prices climbed for a third consecutive session on Monday, with Brent crude surpassing $81 a barrel to reach its highest level in over four months. The rally comes as newly imposed U.S. sanctions are expected to severely impact Russian crude exports to key buyers such as China and India. …
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13 January 2025 11:39 am
Bitcoin Extends Losses as U.S. Rate Concerns and Government Sales Weigh on Market
Bitcoin edged lower on Monday, marking its third consecutive day of decline, as stronger-than-expected U.S. payroll data heightened caution among traders. This reinforced the Federal Reserve’s outlook for limited interest rate cuts in 2025, adding to pressure on the cryptocurrency market. Bitcoin slipped 0.3% to $94,268.7 by 01:12 ET (06:12 …
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13 January 2025 11:22 am
Asian Stocks Tumble as U.S. Rate Cut Expectations Dwindle
Asian stock markets slid sharply on Monday, led by significant losses in Australian and Hong Kong equities, as stronger-than-expected U.S. payroll data prompted investors to reconsider the likelihood of near-term interest rate cuts by the Federal Reserve. The Hang Seng index in Hong Kong plunged significantly, while China’s Shanghai Shenzhen …
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13 January 2025 1:32 am
Weekly Recap: US Jobs data slams Wallstreet shares amid earnings anticipation
Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …
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10 January 2025 10:55 pm
DXY surges following upbeat NFP data
The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data for December. The stronger-than-expected job gains, significantly exceeding market expectations, pushed back the anticipated timeline for Federal Reserve (Fed) interest rate cuts. This, combined with persistent inflationary pressures and rising Treasury yields, fueled demand …
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10 January 2025 10:01 pm
Bitcoin Stumbles as Job Growth Dampens Rate Cut Hopes
Bitcoin experienced a sharp decline on January 10th as unexpectedly strong US job market data diminished expectations of imminent interest rate cuts by the Federal Reserve. This news dampened investor enthusiasm for risk assets, including cryptocurrencies, as the prospect of tighter monetary policy loomed.The robust employment figures, exceeding market forecasts, …
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