US DOLLAR SEES DATA STALLING TUESDAY RALLY The US Dollar holds gains but doesn't add more after US data disappointments. US Durable Goods fall below expectations, and Richmond Manufacturing remains negative. US Dollar Index (DXY) hits a fresh weekly high at 108.06 but struggles to consolidate above
GERMANY ON THE BRINK OF A DEEP ECONOMIC CRISIS: CONTRACTION EXPECTED IN 2025 The Federation of German Industries (BDI) warns of a 0.1% contraction in Germany’s economy in 2025. If the forecast holds, it would mark the third consecutive economic contraction since Germany’s reunification in 1990. This
Nvidia's Stock Drop: Nvidia shares fell sharply on Monday, losing about $24 and reaching their lowest level since October 1, near $119. Reason for the Drop: Investors are worried about U.S. dominance in artificial intelligence (AI). Chinese Competition: A Chinese startup, DeepSec, launched an AI chatbot as
Oil Prices Drop: Oil prices fell by 3%, reaching their lowest in two weeks. Stock Market Impact: Technology and energy stocks on Wall Street declined. DeepSeek AI Launch: A Chinese startup, DeepSeek, launched a low-cost AI model, drawing significant attention. China's Weak Economic Data: Concerns over China'
Gold prices dropped by over 1% on Monday. This happened after gold recently reached near-record highs. Investors sold off gold and stocks due to a larger market sell-off. The sell-off was influenced by rising interest in the Chinese AI start-up, DeepSeek.
Oil prices dropped by over 1% on Monday. U.S. President Trump asked OPEC to lower oil prices. This happened after Trump introduced plans to increase U.S. oil and gas production during his first week in office.
Gold prices dropped on Monday due to a stronger US dollar. Investors are focused on the Federal Reserve's first meeting of 2025 for clues about future interest rates. An analyst noted the US dollar is likely causing gold's decline. However, gold’s fall might be limited
Central Bank Independence: ECB Governor Christine Lagarde warns that central bank independence is under threat due to rising economic challenges and political pressures. Challenges: Some parties may interfere, making it harder for central banks to carry out effective monetary policies and maintain financial stability. Transparency: Lagarde emphasizes the need for
Coinbase CEO Brian Armstrong announced plans to improve the way cryptocurrencies are listed. Over 1 million new cryptocurrencies are being created every week. Evaluating each token individually is no longer practical due to this rapid growth. Armstrong called for better rules and systems to ensure only quality digital assets are
US new home sales increased by 3.6% in December compared to the previous month. November's growth was 5.9%, but it was revised to 9.6%. The data was released by the US Census Bureau on Monday.
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DOLLAR ON TRACK FOR WORST WEEK SINCE NOVEMBER 2023 The U.S. dollar fell on Friday, heading for its worst week in over a year. Expectations that tariffs enacted by President Trump will be lower than feared have eased concerns about an international trade war. Despite concerns over high tariffs
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USD/CHF BREAKS LOWER, 38.2% RETRACEMENT ACTS AS KEY RESISTANCE USD/CHF breaks below the 38.2% retracement level at 0.90209, which now acts as key resistance. Staying below 0.90209 reinforces a bearish bias. A move back above 0.90209 could frustrate sellers. The price targets the