BITCOIN QUICKLY TURNS BELOW $96,000 AFTER MORNING HIGH Bitcoin surged on Thursday but quickly turned bearish after hitting a morning high. The price spike followed MicroStrategy’s announcement to issue new shares to buy more Bitcoin. Bitcoin topped $99,000 in the morning but fell below $96,000 during
OIL PRICES EDGE HIGHER ON HOPES FOR MORE CHINA STIMULUS Oil prices edged higher on Thursday during thin holiday trading. The increase was driven by expectations of additional fiscal stimulus in China, the world’s largest oil importer. An anticipated decline in U.S. crude inventories also supported oil prices.
RUSSIA REJECTS TRUMP’S CALL FOR UKRAINE CEASEFIRE, SAYS READY FOR PEACE TALKS Russia rejected U.S. President-elect Donald Trump’s call for an immediate ceasefire in Ukraine. Russia signaled willingness to engage in discussions for a lasting peace deal to end the war. Russian Foreign Minister Sergei Lavrov called
BTC FACES FURTHER DOWNSIDE AS WHALE TRANSACTIONS SURGE Bitcoin opened trading at $94,800 on Tuesday, its lowest level since November 27. The average transaction size on the Bitcoin network reached $306,101 on December 22, signaling large sell-offs by whale investors. The Bull Bear Power indicator shows continued downside
GOLD GAINS ON WEAK DOLLAR, GEOPOLITICAL TURMOIL Gold gained on Thursday amid light holiday trading. The U.S. dollar showed slight weakness, supporting gold prices. Geopolitical turmoil contributed to the upward movement in gold. Investors are focused on the Federal Reserve's rate strategy for 2025 and President Trump’
EUR/USD ANNUAL PRICE FORECAST: PARITY LIKELY IN 2025 The EUR/USD pair is expected to test parity in the first half of 2025. The EUR/USD pair started 2024 at 1.1040 and ended near its yearly low of 1.0332. By September 2024, the EUR/USD pair surged
Stock Market Gains: The S&P 500 rose by 1.1%, reaching 6,040.04. Dow Jones Growth: The Dow increased by 390.08 points (0.91%), ending at 43,297.03. Tech Stocks Boost Nasdaq: The Nasdaq Composite jumped 1.35%, closing at 20,031.13. Holiday Cheer:
Gold prices remained stable due to low trading activity during the holidays. Investors are focused on the U.S. Federal Reserve's plans for interest rates in 2025. President-elect Donald Trump’s tariff policies are also expected to influence gold prices next year.
Bitcoin's price increased significantly on Tuesday. It rose above $97,000 after dropping below $95,000 earlier in the day. Investors are buying more Bitcoin after the recent price drop. Bitcoin is now trading at approximately $97,500, up 3.3% in the past 24 hours.
The Richmond Manufacturing Index for December was released on Tuesday. The index shows manufacturing activity shrank for the seventh month in a row. December's index was -10 points, matching market expectations. This was an improvement from November's -14 points.
US companies are defaulting on risky loans at the fastest pace in 4 years. Defaults in leveraged loans, mostly in the US, hit 7.2% in the year to October 2024. This is the highest default rate since late 2020. High interest rates are making it harder for companies with
JAPAN ECONOMIC AND INVESTMENT UPDATES - DECEMBER 26, 2024 Japan plans to release floating rate bonds in the fiscal year 2026, according to Yomiuri. Foreign investment in Japanese bonds was -919.2 billion yen, down from a previous 706.1 billion yen. Foreign investment in Japanese bonds dropped to -1,