EUR/USD DROPS TO 26-MONTH LOW; PARITY EXPECTED IN 2025 AMID ECB RATE CUTS EUR/USD falls 0.8% on the first trading day of 2025, hitting a 26-month low of 1.0250. Euro sentiment remains bearish, worsened by missed European PMI data and dovish comments from ECB's
BITCOIN PRICE HITS $97K, SUPPORTED BY MSTR AND COIN PERFORMANCE; MARKET AWAITS RECOVERY Bitcoin gains 7% in three days, briefly surpassing $97,750 resistance on Thursday. MicroStrategy (MSTR) and Coinbase (COIN) rise 3%, attracting investor interest in crypto stocks. Bitcoin daily active addresses drop to a 50-day low of 676,
Gold prices increased on Thursday. This continued a trend of gains from 2024. Investors are considering how Trump's proposed tariffs might affect inflation. These tariffs could lead to changes in the U.S. Federal Reserve's interest rate decisions.
USD/CAD RISES ABOVE 1.4400 ON FED'S CAUTIOUS POLICY OUTLOOK AND US DOLLAR STRENGTH USD/CAD climbs above 1.4400, reaching near 1.4420 in the European session. The US Dollar hits a two-year high as expectations grow for a moderate rate-cut cycle by the Federal Reserve
Global markets started 2025 with strong gains after the New Year holiday. US stock markets are rising significantly, with all major indices performing well. Commodities like gold and silver are also increasing in value. The US dollar has surpassed 109, showing strong performance. Silver is outperforming gold despite both experiencing
The stock market had a rough start to 2025. The Dow Jones Industrial Average dropped 247 points, a 0.6% decrease. The S&P 500 and Nasdaq Composite also fell by 0.6%. This continues the market slump from the end of 2024.
CHINA ECONOMIC UPDATES: MONETARY POLICY ACTIONS AND PLANS FOR 2025 China fixes the yuan exchange rate at a range of 7.3100 to 7.3248 in a survey. People's Bank of China injects 19.3 billion yuan via 7-day reverse repos at a 1.5% rate. China central
PEOPLE'S BANK OF CHINA SETS YUAN EXCHANGE RATE AT 7.1879 PER USD AND INJECTS LIQUIDITY People's Bank of China sets the yuan exchange rate at 7.1879 per USD. The expected rate was 7.2916 yuan, while the previous session's closing was 7.
GOLD PRICES EDGE UP AS MARKET AWAITS U.S. ECONOMIC DATA AND FED POLICY CLARITY Gold prices rise on Thursday, extending gains from 2024. Traders await more clarity on the U.S. Federal Reserve's interest rate plans. Market also closely monitoring President-elect Donald Trump's upcoming policies
CHINA ECONOMIC UPDATE: MARKET MOVEMENTS AND POLICY ACTIONS ON 1/2/2025 China's Central Bank injects 24.8 billion yuan via 7-day reverse repos at 1.50%. 7-day repo rate drops by 42 basis points to 1.5647%. Caixin Manufacturing PMI for December at 50.5, below the
Bitcoin prices dropped on Tuesday. The drop happened because of bad US economic news. Many old Bitcoin holders sold their coins to take profits. The cryptocurrency market has been very unstable recently.
Gold prices dropped slightly on Monday. Trade activity was low (thin trade). Traders are waiting for new information to impact markets. Key factors include U.S. economic data next week and the Federal Reserve's interest-rate plans for 2025. Policies from incoming President Donald Trump are also being closely