TUESDAY'S BREAKING NEWS Christmas holiday observed. UNITED KINGDOM: Christmas holiday with early market close at 12:30. UNITED STATES: Christmas holiday with early market close at 13:00. AUSTRALIA: Christmas holiday with early market close at 14:10.
FOREX TODAY: RISK SENTIMENT CONTINUES RECOVERY Risk appetite continues to improve after lower-than-expected US PCE data on Friday, which indicated easing inflation. Major stock indices, including the Nikkei 225, HSI, and NASDAQ 100, are up by about 1% since the week's start. Markets expect the next Fed rate
US Dollar Gains in 2024: The US Dollar is expected to perform well in 2024. Trump's Impact in 2025: Anticipation of Donald Trump returning as President may support the dollar's strength in 2025. Federal Reserve's Role: The Fed is expected to slow down its
US DOLLAR RISES AFTER STRONG LOSSES, LAGARDE PUSHES EURO LOWER The US dollar rose on Monday, recovering from significant losses at the end of last week. The rebound was fueled by signs of easing inflationary pressures in the US. The euro weakened following cautious comments from European Central Bank President
GOLD PRICE FORECAST: XAU/USD’S DOWNSIDE BIAS REMAINS INTACT WHILE BELOW $2,645 Gold price is recovering from monthly lows, driven by year-end unwinding. The US Dollar is bouncing back after a profit-taking slide, despite sluggish US Treasury bond yields. Gold remains a "sell-on-bounce" trade while below
Bitcoin's price increased by over 140% in 2024, reaching $100K by December. The price boost was fueled by the launch of Bitcoin Spot ETFs in January and the reduced supply following the 2024 halving event in April. The victory of crypto-friendly candidate Donald Trump in the US presidential
The USD/JPY pair moved over 2,200 pips, influenced by diverging central bank policies between the US and Japan. The Fed may pause its rate-cut cycle in 2025, continuing to drive the USD/JPY pair. The Bank of Japan is likely to avoid significant rate hikes, maintaining low interest
Gold gained around 25% in 2024, reaching a record high of $2,790. Geopolitical tensions and US President-elect Donald Trump’s policies are expected to influence Gold prices in 2025. Gold’s technical indicators suggest a potential loss of bullish momentum as the new year begins. The impact of Trump’
Weekly Economic and Financial Commentary (Simplified) United States The U.S. economy remains strong despite uncertainties for 2025. The main focus for policymakers will be balancing inflation control with reducing pressure on sensitive sectors. Key upcoming data: ISM Manufacturing & Services (January 3, 7) Employment data (January 10) International Brazil:
Bitcoin saw a strong recovery after dropping below $91,000. Veteran trader Peter Brandt remains bullish on Bitcoin and predicts it could rise to $70,000. Internal analysis shows positive signs for Bitcoin's future. Despite a recent sharp decline in the crypto market, Bitcoin has bounced back, boosting
UK GDP (Quarterly - Q3): Currency: GBP (£) Effect: ⭐ (Moderate) Previous: 0.5% Forecast: 0.1% UK GDP (Yearly - Q3): Currency: GBP (£) Effect: ⭐ (Moderate) Previous: 0.7% Forecast: 1.0% US Consumer Confidence (December): Currency: USD ($) Effect: ⭐ (Moderate) Previous: 111.7 Forecast: 112.9
GOLD SET FOR WEEKLY DROP; TRADERS AWAIT U.S. DATA FOR CUES Gold prices were on track for a weekly drop, influenced by the Federal Reserve's decision to slow down its rate cuts. The Fed’s stance on monetary policy easing affected gold's performance this week.