ASIA MARKET OPEN: INVESTORS EYE BULL RUN EXTENSION AMID GLOBAL MONETARY EASING WAVE Asia opens the final trading week of 2024 with key China data due on Monday, setting the stage for a dynamic close to the year. Global monetary easing: Central banks worldwide are cutting rates, supporting investor optimism
JAPANESE YEN LANGUISHES NEAR MULTI-WEEK LOW AGAINST USD; REMAINS VULNERABLE Japanese Yen drops to a three-week low against the US Dollar on Monday. Markets expect the Bank of Japan to keep rates steady, weighing on the JPY. US Treasury yields rise, supporting the US Dollar and contributing to Yen weakness.
GOLD PRICE FORECAST: XAU/USD BATTLES KEY $2,650 LEVEL AT THE START OF THE FED WEEK Gold price rebounds early Monday after two days of losses, holding around $2,650. US Dollar retreats and Treasury bond yields decline ahead of the Fed policy announcement. Gold price bounce due to
Total U.S. Debt: Increased from $34.4 trillion (end of 2023) to $36.1 trillion (December 2024). Experts worry about its sustainability. Debt Composition (2023): Public debt (borrowed from domestic/foreign investors): $27.3 trillion (79%). Intragovernmental debt (internal government transactions): $7.0 trillion (21%). Major Holders of Debt:
The G7 started in the 1970s during the oil crisis, representing the world's top wealthy economies. In the 2000s, the BRICS group (mostly from the Global South) emerged, gaining influence due to globalization and economic growth. Both G7 and BRICS are part of the G20, a group of
UK ECONOMY SHRINKS FOR SECOND MONTH, CONTRACTING 0.1% IN OCTOBER The U.K. economy shrank by 0.1% in October, surprising experts who expected growth. This data comes from the Office for National Statistics (ONS). The decline was mainly due to lower production output. This is the second month
TOP 3 PRICE PREDICTION: BITCOIN, ETHEREUM, RIPPLE – BTC AND XRP STALL WHILE ETH EYES RALLY BITCOIN (BTC) FACES REJECTION: Bitcoin struggles around the $101,100 resistance level, with a decline expected if this level holds. ETHEREUM (ETH) EYES A RALLY: Ethereum approaches a critical $4,000 resistance level; a firm
US NATURAL GAS INVENTORIES DROP MORE THAN EXPECTED Natural Gas Inventory Drop: US natural gas storage fell by 190 billion cubic meters (bcm) in the week ending December 6. Expectations vs. Reality: The drop was bigger than expected (175 bcm) and much larger than the previous week's decline
GOLD TECHNICAL ANALYSIS – FOCUS ON FOMC DECISION Gold failed to break above the key resistance around $2,723 and pulled back, partly due to higher-than-expected US PPI data. Market pricing remains steady with expectations of three rate cuts by the end of 2025, though rising real yields are starting to
ECB'S KAZAKS: A SIGNIFICANT REDUCTION IN RATES IS STILL NECESSARY Latvia's central bank governor Martins Kazaks emphasized that a substantial reduction in rates is still required. Kazaks stated that the neutral interest rate is closer to 2% than 3%. The overall direction for interest rates remains
GOLD SET FOR WEEKLY GAIN WITH FOCUS ON FED’S POLICY DECISION Gold Prices Rise: Gold prices increased on Friday. Weekly Gain Expected: Gold is on track for a weekly gain. China's Influence: Reports of China buying more gold boosted prices. Focus on Fed: Investors expect the U.
GOLD PRICE FORECAST: XAU/USD BUYERS NOT READY TO GIVE UP YET Gold price rebounded early Friday after correcting from five-week highs of $2,726 on Thursday. Hot US Producer Price Index (PPI) data led to expectations of a hawkish December Fed rate cut, strengthening the US Dollar and Treasury