SINGAPORE’S ECONOMY TO BEAT 2024 FORECAST, PM WONG SAYS Singapore’s economy outperformed expectations in 2024. The country’s GDP grew by 4%, surpassing the November forecast of 3.5%. The strong performance sets a solid base to navigate a more challenging global environment in the coming year. Prime
HONG KONG EXPORTS AND IMPORTS MISS EXPECTATIONS Actual export growth was 2.1%, below the forecast of 4.1% and previous 3.5%. Actual import growth was 5.7%, exceeding the forecast of 4.9% and previous 4.5%.
OIL PRICES DIP IN THIN TRADE, INVESTORS FOCUS ON CHINA AND U.S. ECONOMIC DATA Oil prices declined on Monday in light holiday trade. Trading volumes were lower as the year-end approaches. Traders are waiting for economic data from China and the U.S. later this week. The data will
CHICAGO PMI HITS 6-MONTH LOW The Chicago PMI for December dropped to 36.9. This is the lowest level in 6 months. The reading was worse than expected, which was 42.7. November’s reading was 40.2.
BITCOIN PRICE ANNUAL FORECAST: 2025 OUTLOOK BRIGHTENS WITH US PRO-CRYPTO POLICY Bitcoin's price rose more than 140% in 2024, reaching $100K in early December. Launch of Bitcoin Spot ETFs and reduced supply following the 2024 halving event. Crypto-friendly candidate Donald Trump's victory in the US presidential
GOLD PRICE FORECAST: XAU/USD PIERCES $2,600 AMID RISK AVERSION CURRENT PRICE: XAU/USD at $2,599.81. Market movements are exaggerated due to thin trading volumes ahead of New Year's Eve. Uncertainty about the new year pushes investors towards safe-haven assets. XAU/USD accelerated its decline
EUR/USD AT RISK OF ANOTHER SLIDE: CAN BULLS SURVIVE? EUR/USD RECOVERY: The pair started a recovery wave from the 1.0340 zone. BEARISH TREND LINE: A major bearish trend line forms with resistance at 1.0450 on the 4-hour chart. EUR/USD is currently below 1.0450, the
$18 BILLION IN BITCOIN AND ETHEREUM OPTIONS EXPIRE TODAY: MARKET EXPECTS VOLATILITY $18 BILLION WORTH OF OPTIONS: Bitcoin and Ethereum options contracts set to expire today, marking the largest expiry ever. Expiry could trigger sharp price movements and increased volatility. Investors and traders are bracing for significant market opportunities amid
MORNING BRIEFING: CURRENCY MARKET UPDATE Oscillating above immediate support at 107.75; could rise towards 109-109.50 if support holds. EUR, EURINR, and AUSSIE: Trading within narrow ranges; EUR: 1.0450/0550-1.0350/0300, INR: 89.50/90.00-88.00, AUD: 0.6300-0.6200. USDJPY: Needs to rise above 158
GAS PRICES SURGE IN EUROPE, US.. INCREASES EXCEED 22% AMID MARKET CONFUSION Natural gas prices in the U.S. and Europe have increased significantly. The rise is due to cold weather forecasts and low gas storage levels. In the U.S., natural gas prices are expected to keep rising because
DOW DROPS 600 POINTS AS BULL MARKET COOLS IN FINAL DAYS OF 2024 The stock market dropped significantly on one of the last trading days of 2024. Dow Jones fell by 663 points (1.5%). S&P 500 declined by 1.6%. Nasdaq Composite dropped by 1.7%. This
ETHEREUM PRICE FORECAST FOR 2025: CAN PECTRA UPGRADE DRIVE ETH TO NEW HEIGHTS? Ethereum gained about 48% in 2024, but underperformed compared to other major cryptocurrencies due to declining revenue and inflation concerns. The Pectra upgrade and Unichain's launch are expected to influence ETH's price trend