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Bitcoin extended its winning streak on Friday, rising for the third consecutive day, as some investors shrugged off concerns over U.S. tariffs. However, uncertainty surrounding the Federal Reserve’s interest rate policy kept gains in check. As of 01:36 ET (6:36 GMT): Bitcoin rose 1.6% to $98,409.2. It was on track …
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February, 2025
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21 February 2025 2:42 pm
European Stocks Inch Higher as Traders Weigh Business Activity and Trade Tensions
European markets edged up on Friday, as investors assessed fresh business activity data and ongoing geopolitical risks, including trade tensions and defense spending concerns. As of 04:21 ET (09:21 GMT): STOXX 600 rose 0.3% to 552.56, though it was set for a weekly loss, snapping an eight-week winning streak—the longest …
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21 February 2025 12:18 am
Wall Street Slips as Walmart Warning, Jobless Claims Spark Economic Fears
The Dow Jones Industrial Average plummeted over 1.40% to 43,980 on Thursday as investors grappled with a mix of concerning economic data and Federal Reserve commentary. A disappointing forecast from retail giant Walmart, citing “uncertainties related to consumer behavior and global economic and geopolitical conditions,” sent shockwaves through the market. …
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20 February 2025 11:46 pm
Market Drivers and Update; US Session: PMIs in Focus
The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or progress in Russia-Ukraine peace talks. Friday’s key events include:US: The US Dollar Index (DXY) fell to around 106.40 due to lower US yields, a stronger Japanese yen, and increased risk appetite. The focus will …
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20 February 2025 10:42 pm
Looming Impact of Fresh EU Sanctions on Commodities Expected
The European Union’s latest round of sanctions against Russia, the sixteenth since the invasion of Ukraine, focuses on energy and metals, specifically targeting oil exports and aluminum imports. These measures introduce new complexities to already volatile commodity markets, raising questions about their ultimate impact.Energy Market Under PressureThe EU’s move to …
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20 February 2025 9:46 pm
Fort Knox’s US Gold Reserve to be Audited, Administration Says
The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” the Administration stated.This move follows recent calls for an audit, fueled in part by comments …
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20 February 2025 9:21 pm
Fed Official Flags Upside Inflation Risks, Warns of Stagflation Threat
St. Louis Fed President Alberto Musalem expressed concerns Thursday about the potential for persistent inflation and the risk of stagflation, posing a dual challenge to the US economy. He emphasized the need for confidence that inflation is headed back to the Fed’s 2% target before any further policy adjustments are …
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20 February 2025 8:28 pm
Explainer: What the loss of Fed’s independence could mean
Trump as well as other Wall Street forces attempt to limit the Fed’s independence. Though it refrains from attempting to sway interest rate decisions, the White House wants more authority over Fed operations, including financial regulation. On February 12, Fed Chair Jerome H. Powell gave a testimony before the House …
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20 February 2025 7:43 pm
Dollar Wobbles After Jobless Claims Disappoint, China Deal Hints Emerge
The US dollar stumbled on Thursday, giving up Wednesday’s gains and falling below 107.00 on the US Dollar Index (DXY). Hopes of a potential trade agreement with China, however, provided a glimmer of optimism for markets worried about tariffs. The DXY, measuring the dollar against six major currencies, currently sits …
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20 February 2025 3:34 pm
Oil Prices Steady After Recent Gains, U.S. Crude Stockpiles Weigh on Market
Oil prices were little changed on Thursday, as a rise in U.S. crude inventories pressured the market after prices had climbed to a near one-week high in the previous session. As of 09:16 GMT: Brent crude fell 15 cents to $75.89 per barrel. West Texas Intermediate (WTI) crude declined 34 …
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20 February 2025 1:30 pm
European Markets Mixed as Investors Digest Corporate Earnings
European stock markets traded in a mixed fashion on Thursday, as investors closely monitored corporate earnings reports from major firms. As of 03:21 ET (08:21 GMT): Germany’s DAX edged up 0.2%. France’s CAC 40 gained 0.3%. UK’s FTSE 100 slipped 0.3%. Key Corporate Earnings Highlights Schneider Electric Exceeds Expectations French …
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20 February 2025 11:35 am
Bitcoin Holds Steady Amid Market Uncertainty, Awaiting Directional Catalyst
Bitcoin traded in a tight range on Thursday, as investors remained cautious amid ongoing U.S. tariff concerns and uncertainty surrounding the Federal Reserve’s interest rate outlook. The cryptocurrency lacked clear momentum, struggling to break out of its recent consolidation phase. Bitcoin Stagnates Despite Diplomatic Developments As of 01:15 ET (6:15 …
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20 February 2025 10:42 am
Gold Prices Surge to Record High Amid Safe-Haven Demand, but Dollar Strength Caps Gains
Gold prices climbed in Asian trading on Thursday, briefly reaching a record high as escalating trade tensions fueled demand for safe-haven assets. However, gains were limited by a stronger U.S. dollar, following hawkish signals from the Federal Reserve’s January meeting minutes. Gold Hits Record High Before Retreating Spot gold rose …
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