Bitcoin ETFs saw a big drop in money coming in on January 7. This happened as Bitcoin's price fell by 5%. The fall is linked to concerns that the Federal Reserve may tighten its monetary policy. Investors became more cautious about taking risks. Inflows to 12 Bitcoin ETFs
US OIL STOCKS DROP MORE THAN EXPECTED! US oil stocks fell by 1.0 million barrels for the week ending January 4, exceeding the expected 0.2 million barrel decrease. This follows a 1.2 million barrel drop in crude oil stocks the previous week. Oil stocks have declined for
US PRIVATE NON-FARM EMPLOYMENT SLOWS MORE THAN EXPECTED IN DECEMBER US private non-farm employment added 122,000 jobs in December, below the expected 140,000. November’s job growth was revised down to 146,000 from the previous estimate. The data suggests a slower pace of job growth in the
Gold prices increased on Wednesday, reaching a near four-week high. This happened after December's private employment report showed weaker-than-expected job growth. The data suggests the U.S. Federal Reserve might ease interest rates sooner. Investors see this as positive for gold prices.
US BONDS RATTLE ASIAN MARKETS, CHINESE CURRENCY HITS 16-MONTH LOW Asia-Pacific markets showed mixed performance on Wednesday. US Treasury yields rose, impacting investor sentiment in Asia. Major US tech stocks retreated, contributing to the downward pressure. The Chinese yuan fell to a 16-month low amid the market turbulence.
GOLD PRICE HOLDS GAINS AMID MARKET CAUTION AND ECONOMIC DATA XAU/USD trading at $2,652.43, holding above $2,600. Unexpected jump in US services output and job openings in November, contributing to USD strength. Odds for a Fed rate cut before July diminish after strong US economic data.
GERMAN FACTORY ORDERS SHRINK AT FASTEST PACE IN 3 MONTHS German factory orders fell by 5.4% in November, marking the largest contraction in three months. The decline was much worse than market expectations, which predicted a 0.3% shrinkage. Factory orders had contracted by 1.5% in October.
ETHEREUM PRICE DROPS 6% AS STAKING WITHDRAWALS INCREASE Ethereum drops 6%, trading at $3,440 following broader crypto market sell-off. Over 500K ETH withdrawn from staking protocols in the past month, indicating reduced investor confidence. ETH could find support at the lower boundary of a symmetrical triangle pattern; failure to
OIL PRICES RISE ON TIGHTER SUPPLY AND STRONG U.S. JOBS DATA Oil prices rise as supply tightens from Russia and OPEC members. Unexpected increase in U.S. job openings signals economic growth and potential rise in oil demand. Stronger economic activity supports oil prices despite global supply concerns.
RISK MARKETS THROTTLED BY GLOBAL BOND YIELD SURGE S&P 500 falls 1.1% and Nasdaq Composite drops nearly 1.9% as economic updates raise investor concerns. 10-year Treasury yield surges 7 basis points, nearing 4.7%, signaling concerns over Fed interest rate trajectory. ISM manufacturing PMI reports sector
PBOC SETS USD/CNY MID-POINT AT 7.1887, ABOVE ESTIMATE OF 7.3435 The People's Bank of China (PBOC) sets the daily USD/CNY midpoint at 7.1887. The set midpoint is stronger than the market estimate of 7.3435. The PBOC follows a managed floating exchange rate