The US manufacturing sector exhibited signs of stabilization in December, as the Institute for Supply Management (ISM) Manufacturing PMI rose to 49.3, surpassing the expected reading of 48.4. While still in contraction territory (a reading below 50 indicates contraction), this slight improvement suggests a moderation in the pace of decline.However, …
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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3 January 2025 5:52 pm
Dollar Dips But Stays Near Two-Year High Amid Growth Concerns and Global Woes
The U.S. dollar remained close to a two-year high on Friday, despite a slight dip, driven by investor expectations that the growth gap between the U.S. and other economies will continue to widen. Meanwhile, Chinese blue chips experienced their largest weekly decline since 2022, adding to global economic concerns. Dollar …
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3 January 2025 4:38 pm
Oil Prices Steady Amid Weekly Gains, Weather, and Stimulus Expectations
Oil prices remained stable on Friday, with both Brent crude and U.S. West Texas Intermediate (WTI) poised for significant weekly gains. This momentum follows Thursday’s close, which marked the highest levels in over two months for both benchmarks, supported by colder weather in Europe and the U.S., as well as …
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3 January 2025 2:42 pm
European Stocks Decline Amid Focus on Economic Data and U.S. Policy Uncertainty
European markets closed the week on a cautious note, with the pan-European STOXX 600 index slipping 0.2% by 09:22 GMT. Despite the decline, the index remains poised for a 0.7% weekly gain, as light trading activity marked the return of investors from New Year holidays. In country-specific moves, Swiss stocks …
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3 January 2025 12:34 am
Market Drivers; US Session: King USD Rallies Near 2022’s Highs
On the first day of trading in 2025, the US dollar surged to the top of the forex pile as wider markets continue to place a strong bet on the safe haven currency. In a world of unstable economic conditions, traders may not be the largest supporters of the US …
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3 January 2025 12:13 am
A Murky Start to 2025: Dow Jones Stumbles Despite Jobless Claims Decline
The Dow Jones Industrial Average stumbled out of the gate in 2025, delivering a lackluster performance on the first trading day of the year. Despite a decline in US Initial Jobless Claims, which typically signals a healthy labor market, the index failed to sustain early gains, ultimately ending the day …
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2 January 2025 11:57 pm
Mix of Progress After Grim Year of Uncertainty in the US Energy Sector
The U.S. oil and gas sector is at a crossroads. While recent data points to a modest improvement in business activity, a closer look reveals a complex and nuanced picture. The Dallas Fed Energy Survey, for instance, indicated a slight uptick in the company outlook index, suggesting a cautiously optimistic …
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2 January 2025 11:02 pm
USD/JPY Forecast: Bullish Momentum Gains Traction
The USD/JPY currency pair surged towards its December high, driven by a confluence of factors. Expectations of a prolonged period of higher interest rates in the United States, fueled by the potential for a Trump presidency, underpinned the US Dollar. The Federal Reserve, in its December statement, signaled a more …
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2 January 2025 10:04 pm
Loonie Lags Despite PMI Beat, Eyes US Data for Direction
The Canadian Dollar (CAD) remained subdued against the US Dollar on Thursday, struggling to gain traction despite a modestly better-than-expected Manufacturing PMI reading. While the data provided a brief respite from the recent bearish trend, the Loonie remains vulnerable to further downside pressure amidst a broadly stronger US Dollar.The December …
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2 January 2025 9:08 pm
Cryptocurrencies Surge to Start 2025, Buoyed by Renewed Investor Optimism
The cryptocurrency market has kicked off the new year with a strong rebound, recovering from recent losses as investor confidence returns. Bitcoin, the leading cryptocurrency, saw a significant surge on Thursday, gaining 3% to reach $97,426.02, bringing its year-to-date gains to approximately 4%.This positive momentum extended across the broader crypto …
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2 January 2025 8:17 pm
Euro Retreats to Two-Year Low Amidst Economic Growth Concerns
The Euro experienced a significant decline on Thursday, falling below 1.0250 against the US Dollar. This marks the lowest level for the currency pair in two years, raising concerns about the Euro’s weakening trajectory.The decline follows the release of disappointing European Manufacturing Purchasing Managers’ Index (PMI) data. The PMI unexpectedly …
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2 January 2025 7:12 pm
Pound Sterling Plunges as UK Manufacturing Slumps and Fed Hints at Fewer Cuts
The British Pound Sterling (GBP) plummeted against the US Dollar (USD) on Thursday, hitting an eight-month low near 1.2440. At the time of writing, the GBP/USD pair is down -1.01%; trading at 1.238. This sharp decline was driven by a confluence of factors:Weakening UK Manufacturing: The final S&P Global/CIPS Manufacturing …
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2 January 2025 4:07 pm
U.S. Futures Begin 2025 on a High Note Amid Optimism
U.S. stock index futures opened the new year on a positive trajectory, reflecting investor optimism following a year of stellar market performance. By 05:25 ET (10:25 GMT), Dow Jones Futures rose 195 points (0.5%), S&P 500 Futures gained 38 points (0.7%), and Nasdaq 100 Futures climbed 165 points (0.8%). The …
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