BRICS is not planning to stop using the US dollar in trade. Most BRICS countries keep a large part of their money in US dollars. BRICS wants to make trade easier between member countries. They do not want to create problems with other countries. A Brazilian official shared this information
European natural gas prices went up slightly by 0.2%, reaching €46.36 per megawatt hour. Prices had fallen earlier in January. The earlier price drop happened because of warmer weather and steady LNG supply to Europe. Another reason for the price drop was the loss of Russian gas due
GOLD EYES THIRD WEEKLY GAIN AS MARKETS LOOK TO TRUMP INAUGURATION Gold prices faced some pressure from a stronger U.S. dollar on Friday. Despite this, gold is set to finish the week with a gain. Gold stayed above the $2,700 level. Uncertainty about Donald Trump’s policies helped
POTENTIAL NEW TRUMP PROPOSAL SENDS ALTCOINS HIGHER Cryptocurrencies saw strong gains, led by Solana (SOL), XRP, and HBAR. A report suggested Trump might create a strategic reserve of cryptocurrencies, boosting tokens like SOL, XRP, and USDC. Solana rose 8% to $217, and XRP increased to $3.35, nearing its 2018
BITCOIN PRICE STALLS AT $100.6K AS TRUMP-LINKED TOKENS GAIN POPULARITY Bitcoin price stalled at $100,600 on Wednesday, with a 3% daily gain. Demand for Bitcoin has slowed as traders focus on Trump-related tokens and lending protocols. Bitcoin on-chain transactions dropped by 37% in the last three days. The
GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS Gold remained near a five-week high on Friday. It is on track for its third consecutive weekly gain. U.S. inflation data increased expectations that the Federal Reserve might cut interest rates this year.
Federal Reserve Governor Christopher Waller spoke about potential interest rate cuts in 2025. He said December's inflation data was promising, and if trends continue, a rate cut could happen in the first half of the year. A rate cut in March is possible if inflation keeps dropping. Waller
LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES Litecoin (LTC) price is trading above $102, up 10% from Monday’s low of $92.5. Whale transactions on Litecoin network surged by 42%, reaching 3,870 on Monday. Litecoin may face a consolidation phase due to declining market volumes. On-chain data shows
CHINA ACHIEVES 2024 ECONOMIC GROWTH TARGET China's GDP grew by 5.4% in Q4 2024, surpassing the expected 5.0%. This growth exceeded the 4.6% growth in Q3 2024. Stimulus measures helped accelerate economic activity, enabling China to meet its annual growth target.
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Ethereum ETFs saw a big jump in investments on January 15, with $59.78 million added. This was much higher than the $1.15 million added the day before. The increase shows more people are interested in investing in Ethereum.
UK RETAIL SALES MISS EXPECTATIONS IN DECEMBER UK retail sales fell by 0.3% in December, worse than the expected 0.4% growth. Retail sales had grown by 0.1% in November, revised down from 0.2%. December's contraction highlights weaker-than-expected consumer spending.
Bitcoin's price hit $100,000 again on Wednesday. This increase happened after a positive inflation report encouraged investors to take more risks. Bitcoin's price rose by over 3% to $99,493.26. Over two days, Bitcoin gained 7%. Its highest price during late afternoon trading was
U.S. Treasury yields increased slightly on Thursday. Investors are analyzing recent inflation data and awaiting more economic reports. 10-year Treasury yield: Rose slightly to 4.66%. 2-year Treasury yield: Increased by over 2 basis points to 4.28%. Reminder: Yields and prices move in opposite directions, and 1 basis
EUR/USD PRICE FORECAST: NEAR-TERM CONSOLIDATION EXPECTED EUR/USD resumed its recovery, briefly climbing above 1.0300. The US Dollar weakened due to a decline in US yields and disappointing data (Retail Sales, Jobless Claims). Dovish comments from Fed Governor Waller raised speculation about potential rate cuts. Investors are uncertain
The S&P 500 went up slightly, marking its fourth day of gains. Investors are optimistic due to strong company earnings and reduced worries about inflation. The S&P 500 rose by 0.2%. The Nasdaq Composite increased by 0.4%. The Dow Jones Industrial Average remained mostly
GOLD PRICE FORECAST: RISK OF PROFIT-TAKING BEFORE TRUMP'S INAUGURATION Gold price is below the monthly high of $2,725 as of Friday. US Dollar and Treasury bond yields are correcting amid renewed dovish expectations. Gold traders may take profits ahead of Trump’s inauguration on Monday. Gold remains
BANK OF AMERICA FORECASTS US 10-YEAR YIELD WILL STAY BELOW 5.25% Bank of America forecasts US 10-year yield to be 4.75% this year. The yield could rise above 5%, but unlikely to exceed 5.25%. BoA sees a strong macro economy and a hawkish Federal Reserve. A rate
OPEC expects global oil demand to grow steadily until 2026. Demand is predicted to increase by 1.43 million barrels per day in 2026, similar to the 2025 increase of 1.45 million barrels per day. This forecast is OPEC's first for 2026 and highlights its focus on
WORLD BANK EXPECTS GLOBAL GROWTH OF 2.7% IN 2025 AND 2026 Global economy is expected to grow by 2.7% in 2025 and 2026, the same rate as in 2024. Developing economies are projected to grow by 4% during this period. However, developing economies will face their lowest long-term
The U.S. announced stricter sanctions on Russia to reduce its energy earnings. These sanctions target major Russian oil companies like Gazprom Neft and Surgutneftegas. They also include 183 oil tankers, many of which are part of a "shadow fleet" or owned by Russian operators. The sanctions have
BREAKING CHINESE ECONOMIC DATA SUMMARY Chinese Retail Sales for December: +3.7% YoY (expected 3.6%, previous 3.0%). Chinese Unemployment Rate for December: 5.1% (expected 5.0%, previous 5.0%). Chinese Industrial Output for December: +6.2% YoY (expected 5.4%). Chinese GDP for Q4: +5.4% YoY
