The S&P 500 reached a new record on Friday. This is due to optimism about President Donald Trump’s term starting. The S&P 500 stayed steady after hitting a new record. The Nasdaq Composite stayed flat as well. The Dow Jones Industrial Average dropped by 76
The U.S. dollar dropped to its lowest level this year. The Bank of Japan increased interest rates, which was expected for a long time. Business in Europe is growing again unexpectedly. U.S. President Donald Trump's recent comments gave confidence to China’s economy. Markets are closely
News
XAU/USD TRADERS CASH IN, KICKING OFF THE FED WEEK Gold price pulls back from three-month highs near $2,786 on Monday. Profit-taking ahead of the Fed meeting and a stronger US Dollar due to Trump’s trade war weigh on gold. Gold price tests a symmetrical triangle target near
Target is reducing its diversity, equity, and inclusion (DEI) programs. The company will stop its three-year DEI goals. It will no longer report to outside diversity groups, such as the Human Rights Campaign. Target will end a program that focused on selling more products from Black- and minority-owned businesses.
Baker Hughes reported a drop in the number of US oil and gas rigs. The rig count fell for the third week in a row. There were 576 rigs in the week ending January 24, 2025. This is the lowest number of rigs since December 2021.
News
USD SLUMPS AFTER TRUMP COMMENTS; AUD HITS 5-WEEK HIGH Trump stated he would prefer not to use tariffs on China. The USD has fallen against multiple currencies. AUD/USD reached a 5-week high. Other currencies like CAD, EUR, and NZD are also higher. USD/JPY saw a slight drop, down
Treasury yields mostly went up, but the 2-year yield fell after Trump said he wants lower interest rates. Trump spoke at the World Economic Forum and said he will push for lower rates. The Federal Reserve is supposed to make decisions without political pressure. Longer-term yields, like 10-year and 30-year,
Old Rule (SAB 121): Banks and companies had to show cryptocurrency holdings in their financial report to customers. New Rule (SAB 122): Companies can now follow regular financial accounting rules or international standards (IFRS) for reporting cryptocurrency. Impact: The SEC is changing how cryptocurrencies are reported in financial statements. Companies
events
The LTI Demo Trading Competition is a fantastic opportunity for Sri Lankan traders to showcase their skills and win exciting prizes. Here's a breakdown of the key details: Duration: 2 weeks, from 24th February to 7th March 2025. Eligibility: Open to Sri Lankan residents aged 18 and above.
BANK OF JAPAN RAISES INTEREST RATE TO 0.50% The Bank of Japan (BoJ) raised its short-term interest rate by 25 basis points. The new rate range is 0.40%-0.50%, up from 0.15%-0.25%. This decision followed the conclusion of the BoJ's two-day monetary
FRENCH MANUFACTURING AND SERVICE PMIS MIXED French manufacturing activity showed positive results in December. The preliminary reading of the manufacturing PMI came in at 45.3, better than the expected 42.4. November's manufacturing PMI was 41.9. Data was released by S&P Global on Monday
The dollar falls in conjunction with Trump's speech.. What is the reason? Trump said he wants interest rates in the US to be lowered immediately and suggested other countries should do the same. This made people think the US Federal Reserve will cut interest rates more than expected,