Bitcoin funds saw record outflows as U.S. markets reopened on January 2. Total outflows from 12 Bitcoin ETFs were $242.3 million. BlackRock's IBIT Fund had its biggest single-day outflow of $332.62 million on January 2. Over three days, BlackRock's IBIT Fund recorded total
GOLD PRICE RISES AHEAD OF US ECONOMIC DATA Gold prices edge higher on Monday, driven by a weaker dollar. Investors await key US economic reports, including December nonfarm payrolls, for clues on the Federal Reserve's interest rate plans.
GOLD PRICE FORECAST FOR 2025: WILL IT BREAK RECORDS AGAIN? Gold rose by 25% in 2024, reaching an all-time high of $2,790, driven by geopolitical tensions and a looser global monetary policy. The uncertainty surrounding President-elect Donald Trump’s policies could influence gold prices in 2025. Gold’s technical
Oil prices went up on Friday. This is due to positive expectations for global economic growth in 2025. Higher economic growth is expected to increase the demand for oil.
President Joe Biden stopped Japan's Nippon Steel from buying U.S. Steel. The decision was made due to concerns about U.S. national security. U.S. Steel’s stock value dropped by nearly 8% after the announcement.
Bank Name: H.C. Wainwright & Co., one of the oldest U.S. investment banks. Prediction: Bitcoin's price could reach $225,000 by the end of 2025. Reason for Prediction: Historical trends in Bitcoin's value. Macroeconomic conditions. Increasing regulatory clarity. Growing institutional interest. Revision: The bank
Ford's U.S. vehicle sales increased by 4.2% in 2024, reaching 2.08 million units. This marks Ford's best sales year since 2019, when they sold 2.42 million vehicles. The growth was driven by higher sales of hybrid and all-electric vehicles.
CHINA ECONOMIC MOVES AND POLITICAL UPDATES China central bank sets exchange rate stronger than 7.2/USD, maintaining support for the yuan. China’s central bank injects 14.1 billion yuan via 7-day reverse repos at 1.50%. China’s December Caixin Services PMI hits 7-month high at 52.2,
US NFP TO TEST MARKETS, EUROZONE CPI IN FOCUS King Dollar Strengthening: US Dollar resumes its uptrend after a brief dip, supported by a hawkish Fed's signal of only two quarter-point rate cuts by December. Non-Farm Payrolls (NFP) data on Friday expected to influence the US Dollar further.
US natural gas inventories dropped by 116 billion cubic meters during the week ending December 27. This drop was less than expected (127 billion cubic meters). In the previous week, inventories fell by 93 billion cubic meters. The data comes from the US Energy Information Administration (EIA).
GOLD PRICE FORECAST: XAU/USD BREAKS KEY RESISTANCE, UPSIDE AHEAD WITH GEOPOLITICAL RISKS Gold price consolidates above $2,650, near a two-week high of $2,664. US Dollar stalls amid sluggish US Treasury bond yields and a cautious market mood. Geopolitical risks and tensions around US President-elect Trump’s policies
Ukraine stopped Russian gas supplies to several European countries on New Year's Day. This marks the end of Russia's long-term control over Europe's energy market. Russian energy company Gazprom confirmed the halt happened early Wednesday morning. Gas exports through Ukraine to Europe have completely