Big Purchase of Ethereum (ETH): BlackRock and Fidelity, two large financial companies, bought over $500 million worth of Ethereum in the last 48 hours. Source of Information: The data comes from Odaily (a Chinese crypto news platform) and Arkham (a blockchain tracking and analysis platform). Crypto Adoption by Finance Giants:
USD/JPY EXPECTED TO TRADE BETWEEN 140-150 IN 2025, SAYS JAPANESE FIRMS USD/JPY Forecast: Approximately 60% of Japanese companies expect the USD/JPY exchange rate to trade between 140 and 150 in 2025. Concerns About Trump Presidency: Nearly 75% of Japanese companies believe that a potential second term for
ECB EXPECTED TO CUT RATES BY 25BP ON DECEMBER 12, 2024 ECB Rate Cut Prediction: The European Central Bank (ECB) is expected to implement a 25bp rate cut at its meeting on December 12, 2024. Potential for 50bp Cut: While a 25bp cut is most likely, JP Morgan notes that
BITWISE ASSET MANAGEMENT’S 2025 CRYPTO FORECASTS Record Highs Expected: All major cryptocurrencies are predicted to reach new record highs by 2025. Bitcoin (BTC) is forecasted to hit $200,000. Ethereum (ETH) is projected to reach $7,000. Solana (SOL) could rise to $750. Increased ETF Inflows: Bitcoin is expected
NOVEMBER CORE CPI GAIN SOLIDIFIES EXPECTATIONS FOR FED RATE CUT NEXT WEEK Core CPI Gain: The November core CPI increase of 0.308% has reinforced expectations for a Federal Reserve rate cut at next week's meeting. Inflation Stickiness: Four consecutive monthly gains of 0.3% in the core
GOLDMAN SACHS EXPECTS BANK OF JAPAN TO KEEP RATE AT 0.25% IN DECEMBER MEETING Bank of Japan Policy Expectation: Goldman Sachs predicts the Bank of Japan (BoJ) will maintain its policy rate at 0.25% during its December 18-19 Monetary Policy meeting. Lack of Sufficient Confidence: Goldman Sachs believes
GOLD PRICE PAUSES AHEAD OF US PPI INFLATION DATA Gold Price Pause: Gold's four-day recovery halted in Asian trading on Thursday after reaching a five-week high near $2,725, as traders await US inflation data. Market Focus: Investors are assessing the likelihood of US Federal Reserve interest rate
AUSTRALIA NOVEMBER 2024 UNEMPLOYMENT RATE AT 3.9% (BEATS EXPECTATIONS) Unemployment Rate: Australia's unemployment rate dropped to 3.9% in November 2024, better than the expected 4.2% and down from 4.1% in October. Employment Growth: Employment rose by 35.6k in November, significantly surpassing the expected
TRUMP INVITES CHINESE PRESIDENT XI JINPING TO ATTEND INAUGURATION Trump’s Invitation to Xi Jinping: Former U.S. President Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month. Recent Communication: Trump mentioned that he recently communicated with Xi Jinping. CBS Report: CBS confirmed that Trump
TESLA STOCK SURPASSES $400, HITTING NEARLY 3-YEAR HIGH Tesla shares rose over 3.5% on Monday, surpassing $400, the highest level since January 4, 2022. The rally was driven by Deutsche Bank’s upgrade of Tesla to a "buy" rating. Deutsche Bank raised its price target for Tesla
BREAKING: RBA HOLDS INTEREST RATE AT 4.35% AS EXPECTED The Reserve Bank of Australia (RBA) left the Official Cash Rate (OCR) at 4.35% following its December policy meeting. The decision was broadly in line with market expectations. The RBA has kept its policy settings unchanged for the ninth
