GOLD PRICE FORECAST: XAU/USD EYES US ADP REPORT AND FED MINUTES FOR NEXT PUSH HIGHER Gold price is consolidating near $2,650, awaiting the US ADP jobs report and the Fed Minutes for the next move higher. The US dollar pauses its rise, and Treasury bond yields stabilize, despite
BANK OF AMERICA EXPECTS BIG REBOUND IN CHINESE STOCKS IN H2 2025 Bank of America analysts forecast a major rebound in Chinese stock markets in the second half of 2025, contingent on accelerated credit growth. Markets saw a recovery in 2024, driven by domestic policy changes. Despite the positive outlook,
CANADA CONSIDERS EARLY ANNOUNCEMENT OF RETALIATORY TARIFFS ON US GOODS The Canadian government is considering an early announcement of US goods targeted by retaliatory tariffs if US President-elect Trump imposes tariffs on Canadian imports. Trump denied reports claiming he would impose tariffs only on some essential US imports. The consideration
GOLDMAN SACHS CUTS EXPECTATIONS FOR FED RATE CUTS IN 2025 Goldman Sachs revised its forecast for Federal Reserve rate cuts, now expecting a total of 75 basis points in 2025, down from 100 basis points. The revision comes ahead of the release of the Federal Open Market Committee meeting minutes
US DOLLAR RISES ON JOB OPENINGS DATA AND STRONG SERVICES SECTOR PERFORMANCE The dollar index (DXY) rose on Tuesday, recovering some losses from earlier sessions. The greenback gained support from a rise in Treasury bond yields. Stronger-than-expected economic data, including job openings and services sector performance, bolstered the US dollar.
CURRENT PRICE: XAU/USD is currently priced at $2,639.05. Speculation about upcoming US tariffs put financial markets on alert on Monday. This week’s focus will be on US employment-related data. XAU/USD continues its consolidative phase, with bulls pausing but retaining control.
BITCOIN RECLAIMS $100K AS CALAMOS ANNOUNCES FIRST DOWNSIDE PROTECTION BTC ETF Bitcoin rallies above $100,000 after invalidating a Head-and-Shoulders pattern. Asset manager Calamos announces the upcoming launch of the world’s first 100% downside protection Bitcoin ETF, CBOJ, on January 22. CBOJ offers full protection against Bitcoin’s downside
EUR/USD PRICE FORECAST: BULLS TARGET 1.0400 CURRENT PRICE: EUR/USD is currently priced at 1.0387. Market discussions are focused on President-elect Donald Trump's tariffs influencing the currency pair. European data suggests the local economy is still struggling to recover. EUR/USD aims to extend gains
CHINA TO HOLD BRIEFING ON ECONOMIC MATTERS The People's Bank of China (PBOC), National Development and Reform Commission (NDRC), and Ministry of Finance (MoF) will hold a briefing on January 8, 2025, at 10 am Beijing time. Boosting consumer demand is a high priority for China in their
OIL MARKET STARTS STRONG IN 2025 WITH MIDDLE EAST DRIVERS The oil market has had a solid start to the year, with ICE Brent trading above $76 per barrel. Despite a comfortable oil balance for 2025, the market remains strong, driven by a stronger physical market in the Middle East.
Bitcoin broke the $100K mark again, reaching $101,000. It saw a 3% increase in the last 24 hours. Weekly gains were 5.66%, the highest since November 24. Momentum is returning to Bitcoin, with the market showing positive trends. This occurred while the US Congress prepares to certify Donald
Stocks went up on Monday after falling last week. Chipmaker companies saw a big increase. Dow Jones increased by 79 points (0.2%). S&P 500 rose by 0.8%. Nasdaq Composite grew by 1.3%.