THE US DOLLAR REGAINS ITS STRENGTH AFTER THE RELEASE OF IMPORTANT ECONOMIC DATA The US dollar saw a significant rebound during Thursday's trading. The recovery followed the release of key economic data, particularly the US producer price index. The data raised questions about the Federal Reserve's
OIL FALLS SHARPLY AS FEARS OF RUSSIAN SUPPLY SHORTAGES EASE CRUDE OIL PRICES DROP: Oil prices fell on Thursday, influenced by the possibility of increased oil supply in energy markets. DECLINE IN FEARS OF RUSSIAN SUPPLY SHORTAGES: Concerns about potential shortages of Russian oil supplies eased, contributing to the price
YELLEN: THE DOLLAR WILL REMAIN THE WORLD'S LEADING CURRENCY Treasury Secretary Janet Yellen warned the U.S. will take strong action against countries manipulating currencies for economic advantage, but stated no such manipulation is happening currently. Yellen emphasized that the U.S. dollar will maintain its role as
US INTEREST RATE EXPECTATIONS PUSH BITCOIN ABOVE $100,000 AGAIN Bitcoin surpassed the $100,000 mark, driven by recent US inflation data. The data increased expectations of a further rate cut by the Federal Reserve. Bitcoin gained nearly 5% on Wednesday, its highest in two weeks. Bitcoin slightly pared its
CHINA'S RETALIATION AGAINST TRUMP TRADE SANCTIONS BEGINS China has initiated an investigation into U.S. semiconductor company Nvidia. Beijing has warned of potentially blacklisting a well-known U.S. clothing brand. China has halted the export of essential minerals to the U.S. China has intensified its pressure on
EUR/USD TUDGES LOWER AHEAD OF ECB RATE CALL EUR/USD Movement: EUR/USD fell for the fourth consecutive day, approaching the 1.0500 handle. US CPI Data: US CPI inflation rose slightly to 2.7% YoY in November, with core CPI holding steady at 3.3%, keeping the Greenback
WEEKLY UPDATE ON INTEREST RATE EXPECTATIONS Fed:Rate Cut by Year-End: 24 bps (97% probability of a 25 bps cut at the upcoming meeting). 2025: 80 bps rate cut. ECB:Rate Cut by Year-End: 30 bps (80% probability of a 25 bps cut at today's decision). 2025: 151
GOLD PRICE FORECAST: XAU/USD EXTENDS RALLY ABOVE $2,700 Current Gold Price: XAU/USD is currently priced at $2,716.87. Central Bank Actions: The Bank of Canada cut rates by 50bps, and the European Central Bank is expected to follow suit. US Inflation: US inflation rose in line
U.S. oil stocks dropped for the third week in a row. The drop was bigger than expected: 1.425 million barrels last week. Experts had predicted a smaller drop of 1.3 million barrels. This follows a significant drop of 5.1 million barrels the previous week.
MicroStrategy, a company promoting Bitcoin, is nearing inclusion in the Nasdaq 100 index. Its stock value has surged 500% this year due to Bitcoin's massive rally. The company's market value has grown to $90 billion. The Nasdaq 100 rebalancing and inclusion announcement is expected on Friday,
US INFLATION DATA FOR NOVEMBER RELEASED Annual CPI Inflation: US annual CPI inflation for November was 2.7%, in line with market expectations, up from 2.6% in October. Monthly CPI Growth: On a monthly basis, the Consumer Price Index grew by 0.3% in November, matching market forecasts and
CRYPTOCURRENCIES RALLY, WITH BITCOIN RETAKING $100,000 FOLLOWING NOVEMBER INFLATION DATA Bitcoin Surge: Bitcoin surged by 4.8%, retaking $100,000 and reaching $101,052.72, following last week's record high. Ether Gains: Ether also rose by 4%, though it has not yet reclaimed its key resistance level