OIL PRICES RISE AMID OPTIMISM OVER GLOBAL ECONOMIC GROWTH PROSPECTS FOR 2025
Oil prices went up on Friday. This is due to positive expectations for global economic growth in 2025. Higher economic growth is expected to increase the demand for oil.
Tina Collins
BIDEN BLOCKS U.S. STEEL TAKEOVER BY JAPAN’S NIPPON STEEL, CITING NATIONAL SECURITY
President Joe Biden stopped Japan's Nippon Steel from buying U.S. Steel. The decision was made due to concerns about U.S. national security. U.S. Steel’s stock value dropped by nearly 8% after the announcement.
ONE OF THE OLDEST AMERICAN BANKS EXPECTS BITCOIN TO RISE TO THIS LEVEL!
Bank Name: H.C. Wainwright & Co., one of the oldest U.S. investment banks. Prediction: Bitcoin's price could reach $225,000 by the end of 2025. Reason for Prediction: Historical trends in Bitcoin's value. Macroeconomic conditions. Increasing regulatory clarity. Growing institutional interest. Revision: The bank
FORD REPORTS BEST ANNUAL U.S. SALES SINCE 2019
Ford's U.S. vehicle sales increased by 4.2% in 2024, reaching 2.08 million units. This marks Ford's best sales year since 2019, when they sold 2.42 million vehicles. The growth was driven by higher sales of hybrid and all-electric vehicles.
CHINA ECONOMIC MOVES AND POLITICAL UPDATES
CHINA ECONOMIC MOVES AND POLITICAL UPDATES China central bank sets exchange rate stronger than 7.2/USD, maintaining support for the yuan. China’s central bank injects 14.1 billion yuan via 7-day reverse repos at 1.50%. China’s December Caixin Services PMI hits 7-month high at 52.2,
US NFP TO TEST MARKETS, EUROZONE CPI IN FOCUS
US NFP TO TEST MARKETS, EUROZONE CPI IN FOCUS King Dollar Strengthening: US Dollar resumes its uptrend after a brief dip, supported by a hawkish Fed's signal of only two quarter-point rate cuts by December. Non-Farm Payrolls (NFP) data on Friday expected to influence the US Dollar further.
US GAS INVENTORIES DROP LESS THAN EXPECTED FOR SECOND WEEK!
US natural gas inventories dropped by 116 billion cubic meters during the week ending December 27. This drop was less than expected (127 billion cubic meters). In the previous week, inventories fell by 93 billion cubic meters. The data comes from the US Energy Information Administration (EIA).
GOLD PRICE FORECAST: XAU/USD BREAKS KEY RESISTANCE, UPSIDE AHEAD WITH GEOPOLITICAL RISKS
GOLD PRICE FORECAST: XAU/USD BREAKS KEY RESISTANCE, UPSIDE AHEAD WITH GEOPOLITICAL RISKS Gold price consolidates above $2,650, near a two-week high of $2,664. US Dollar stalls amid sluggish US Treasury bond yields and a cautious market mood. Geopolitical risks and tensions around US President-elect Trump’s policies
UKRAINE JUST STOPPED RUSSIAN GAS FLOWS TO EUROPE. HERE’S WHO’S MOST AT RISK
Ukraine stopped Russian gas supplies to several European countries on New Year's Day. This marks the end of Russia's long-term control over Europe's energy market. Russian energy company Gazprom confirmed the halt happened early Wednesday morning. Gas exports through Ukraine to Europe have completely
GOLD PRICES DIP AHEAD OF US ECONOMIC DATA AND INCREASED MARKET VOLATILITY
GOLD PRICES DIP AHEAD OF US ECONOMIC DATA AND INCREASED MARKET VOLATILITY Gold price falls 0.1% to $2,654 per ounce, erasing earlier gains in 2025. Traders await US economic data to assess future interest rate outlook. Growing concerns about stock market volatility and two deadly attacks in the
US OIL STOCKS DROP LESS THAN EXPECTED
US oil stocks fell by 1.2 million barrels in the week ending December 27. The drop was smaller than expected, as analysts predicted a 2.75 million barrel decrease. The previous week saw a larger decline of 4.2 million barrels. The data was released by the US Energy
THE US DOLLAR MAKES NOTABLE GAINS, SUPPORTED BY POSITIVE UNEMPLOYMENT CLAIMS DATA
US Dollar Gains: The US Dollar Index rose significantly on Thursday. Positive Unemployment Data: Weekly unemployment claims were lower than expected at 211,000, better than the forecasted 222,000 and the previous week’s 220,000. Economic Confidence: This improvement boosted confidence in the US economy. Fed's