GOLD POISED FOR THIRD WEEKLY GAIN ON FEDERAL RESERVE RATE CUT BETS Gold remained near a five-week high on Friday. It is on track for its third consecutive weekly gain. U.S. inflation data increased expectations that the Federal Reserve might cut interest rates this year.
Federal Reserve Governor Christopher Waller spoke about potential interest rate cuts in 2025. He said December's inflation data was promising, and if trends continue, a rate cut could happen in the first half of the year. A rate cut in March is possible if inflation keeps dropping. Waller
LITECOIN PRICE PREDICTION: LTC WHALES DEMAND SURGES Litecoin (LTC) price is trading above $102, up 10% from Monday’s low of $92.5. Whale transactions on Litecoin network surged by 42%, reaching 3,870 on Monday. Litecoin may face a consolidation phase due to declining market volumes. On-chain data shows
CHINA ACHIEVES 2024 ECONOMIC GROWTH TARGET China's GDP grew by 5.4% in Q4 2024, surpassing the expected 5.0%. This growth exceeded the 4.6% growth in Q3 2024. Stimulus measures helped accelerate economic activity, enabling China to meet its annual growth target.
Ethereum ETFs saw a big jump in investments on January 15, with $59.78 million added. This was much higher than the $1.15 million added the day before. The increase shows more people are interested in investing in Ethereum.
UK RETAIL SALES MISS EXPECTATIONS IN DECEMBER UK retail sales fell by 0.3% in December, worse than the expected 0.4% growth. Retail sales had grown by 0.1% in November, revised down from 0.2%. December's contraction highlights weaker-than-expected consumer spending.
Bitcoin's price hit $100,000 again on Wednesday. This increase happened after a positive inflation report encouraged investors to take more risks. Bitcoin's price rose by over 3% to $99,493.26. Over two days, Bitcoin gained 7%. Its highest price during late afternoon trading was
U.S. Treasury yields increased slightly on Thursday. Investors are analyzing recent inflation data and awaiting more economic reports. 10-year Treasury yield: Rose slightly to 4.66%. 2-year Treasury yield: Increased by over 2 basis points to 4.28%. Reminder: Yields and prices move in opposite directions, and 1 basis
EUR/USD PRICE FORECAST: NEAR-TERM CONSOLIDATION EXPECTED EUR/USD resumed its recovery, briefly climbing above 1.0300. The US Dollar weakened due to a decline in US yields and disappointing data (Retail Sales, Jobless Claims). Dovish comments from Fed Governor Waller raised speculation about potential rate cuts. Investors are uncertain
Forexonomy.com is your go-to source for the latest news and expert insights in forex and finance. Stay informed with up-to-date articles, market analysis, trading tips, and in-depth financial coverage
The S&P 500 went up slightly, marking its fourth day of gains. Investors are optimistic due to strong company earnings and reduced worries about inflation. The S&P 500 rose by 0.2%. The Nasdaq Composite increased by 0.4%. The Dow Jones Industrial Average remained mostly
GOLD PRICE FORECAST: RISK OF PROFIT-TAKING BEFORE TRUMP'S INAUGURATION Gold price is below the monthly high of $2,725 as of Friday. US Dollar and Treasury bond yields are correcting amid renewed dovish expectations. Gold traders may take profits ahead of Trump’s inauguration on Monday. Gold remains
BANK OF AMERICA FORECASTS US 10-YEAR YIELD WILL STAY BELOW 5.25% Bank of America forecasts US 10-year yield to be 4.75% this year. The yield could rise above 5%, but unlikely to exceed 5.25%. BoA sees a strong macro economy and a hawkish Federal Reserve. A rate
OPEC expects global oil demand to grow steadily until 2026. Demand is predicted to increase by 1.43 million barrels per day in 2026, similar to the 2025 increase of 1.45 million barrels per day. This forecast is OPEC's first for 2026 and highlights its focus on
WORLD BANK EXPECTS GLOBAL GROWTH OF 2.7% IN 2025 AND 2026 Global economy is expected to grow by 2.7% in 2025 and 2026, the same rate as in 2024. Developing economies are projected to grow by 4% during this period. However, developing economies will face their lowest long-term
The U.S. announced stricter sanctions on Russia to reduce its energy earnings. These sanctions target major Russian oil companies like Gazprom Neft and Surgutneftegas. They also include 183 oil tankers, many of which are part of a "shadow fleet" or owned by Russian operators. The sanctions have
BREAKING CHINESE ECONOMIC DATA SUMMARY Chinese Retail Sales for December: +3.7% YoY (expected 3.6%, previous 3.0%). Chinese Unemployment Rate for December: 5.1% (expected 5.0%, previous 5.0%). Chinese Industrial Output for December: +6.2% YoY (expected 5.4%). Chinese GDP for Q4: +5.4% YoY
UBS analysts believe the Federal Reserve will wait until June to lower interest rates. This decision follows recent data showing weaker-than-expected core inflation. The U.S. Labor Department reported a 0.4% increase in consumer prices for December, compared to 0.3% in November. Over the last year, consumer prices
US INFLATION DATA RELEASED Inflation rose slightly: Consumer prices in the U.S. increased by 2.9% in December compared to a year ago. Small increase from November: This is higher than November's 2.7% annual increase. Met expectations: The increase matched what experts predicted. Core inflation slowed:
10-YEAR TREASURY YIELD DIPS AHEAD OF CONSUMER INFLATION REPORT The 10-year Treasury yield dropped a bit before an important consumer inflation report. It went down by 3 basis points, reaching 4.76%. This is lower than the 14-month high seen on Monday. The 2-year Treasury yield also decreased slightly by
DOW RALLIES MORE THAN 600 POINTS AFTER LATEST INFLATION REPORT, STRONG BANK EARNINGS The stock market saw a big jump on Wednesday. A report showed that core inflation slowed more than expected in December. Major U.S. banks reported very strong earnings. Dow Jones rose by 640 points (1.5%
EUR/USD FADES AFTER BULLISH MOVE ABOVE 1.0300 EUR/USD Failed to Hold Above 1.0300 After US CPI Data US Dollar Briefly Dipped Below 109.00 Following Inflation Results Investors Await US Retail Sales and Jobs Report for Further Direction Dollar's Volatility Driven by Speculation Over
