Gold prices extended their rally for a third consecutive day, surpassing $2,675, as investor concerns about rising inflation intensified. This surge in gold prices coincides with a spike in global yields, driven by anxieties that recent stimulus packages and potential tariff increases could reignite inflationary pressures. Traders are increasingly viewing …
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
-
9 January 2025 5:21 pm
Oil Prices Edge Higher Amid Firm Winter Demand Expectations and Supply Concerns
Oil prices rose slightly on Thursday, with Brent crude and West Texas Intermediate (WTI) gaining 0.5% and 0.4%, respectively, as traders balanced strong winter demand expectations against rising U.S. fuel inventories and macroeconomic uncertainties. Key Market Drivers Demand Expectations and Supply Concerns Brent crude futures increased by 35 cents to …
Read More » -
9 January 2025 3:42 pm
UK Retailers Face Sector-wide Selloff Amid Consumer Confidence Worries
Shares in leading UK retailers fell sharply on Thursday, erasing £2 billion ($2.45 billion) in market value, as concerns about weakening consumer confidence and mounting economic pressures overshadowed strong Christmas trading results. Key Highlights Pressure on Consumer Sentiment Retailers are bracing for higher employer taxes and minimum wage increases starting …
Read More » -
9 January 2025 2:23 pm
Global Forex Update: Dollar Steadies Amid Fed Optimism, Euro and Yuan Under Pressure
The U.S. dollar held firm on Thursday, bolstered by hawkish Federal Reserve minutes and strong economic data that fueled expectations of a slower pace of rate cuts in 2025. Global currencies, however, faced mixed fortunes due to varying economic and policy dynamics. Key Highlights Dollar Holds Ground Amid Strong Yields …
Read More » -
9 January 2025 1:33 pm
Germany’s Exports and Industrial Production Beat Expectations, but Economic Challenges Persist
Germany, the eurozone’s largest economy, delivered better-than-expected export and industrial production data for November. However, underlying indicators suggest that the outlook remains subdued. Key Data Highlights Exports: German exports rose by 2.1% in November, slightly exceeding the forecasted 2.0% increase. Trade with non-EU countries was the primary driver, with exports …
Read More » -
9 January 2025 12:40 pm
European Stocks Edge Lower Amid Mixed Economic Data and Retail Earnings
European stock markets traded slightly lower on Thursday, as investors evaluated economic data and retail sector earnings. At 03:05 ET (08:05 GMT), Germany’s DAX slipped 0.2%, France’s CAC 40 fell 0.2%, and the UK’s FTSE 100 remained flat. Trading volumes are expected to be muted, with U.S. markets closed to …
Read More » -
9 January 2025 11:58 am
Oil Prices Steady Amid Seasonal Demand and Rising U.S. Inventories
Oil prices held steady on Thursday as markets balanced strong winter fuel demand expectations with concerns over rising U.S. fuel inventories and macroeconomic uncertainties. Brent crude futures dipped by 6 cents to $76.10 per barrel at 07:27 GMT. West Texas Intermediate (WTI) crude futures declined by 5 cents to $73.27 …
Read More » -
9 January 2025 11:28 am
Gold Prices Hold Steady Amid Fed Concerns and Trade Tariff Uncertainty; Copper Rises on China Stimulus Hopes
Gold prices steadied in Asian trade on Thursday after two consecutive days of gains, supported by safe-haven demand amid uncertainty over a hawkish Federal Reserve and concerns about President-elect Donald Trump’s potential trade tariff policies. Spot gold dipped slightly by 0.1% to $2,660.36 an ounce, while February gold futures gained …
Read More » -
9 January 2025 5:52 am
WTI Oil Prices Slip Below $72.50 as US Dollar Strengthens
West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading on Thursday, pressured by a strengthening US Dollar. While a firmer greenback typically weighs on dollar-denominated commodities like oil, concerns over potential supply disruptions from ongoing geopolitical tensions are likely to limit downside price …
Read More » -
9 January 2025 3:12 am
Is Eurozone back to a sovereign debt crisis following the German election?
German Chancellor Olaf Scholz disbanded his coalition government composed of the Social Democrats, Greens, and Free Democrats the day after Donald Trump was re-elected as U.S. President in November. Additionally, he accelerated the election date in Germany from September 2025 to February 23, 2025. Germany lost its government as a …
Read More » -
9 January 2025 1:42 am
Yen Retreats On Stronger US Dollar
The Japanese yen is retreating against the US dollar due to the latter’s strength, driven by diverse employment data and a report indicating the possibility of the Trump administration’s tariffs being activated soon.The US dollar rose for the second consecutive day, supported by preliminary employment data that highlighted a lower-than-expected …
Read More » -
9 January 2025 12:18 am
XAU/USD Edges Higher Despite Mixed US Jobs Data As FOMC Minutes Hint at Slowing Rate Cuts
Gold prices climbed during the North American session, buoyed by a slightly hawkish tone in the latest Federal Reserve meeting minutes. The minutes suggested that the pace of interest rate cuts may slow down, a development that typically supports gold as a hedge against inflation.While the US Dollar Index strengthened, …
Read More » -
8 January 2025 10:47 pm
FOMC Minutes Reflect Growing Concerns Over Trump’s Trade Policies
The Federal Reserve’s latest monetary policy meeting minutes, released on Wednesday, revealed that “Fed officials are factoring in the potential changes to trade and immigration policies as they prepare their economic forecasts.”Some expressed concerns that “President-elect Donald Trump’s trade policies could make it difficult to interpret inflation readings in the …
Read More »