EUR/USD RISES AS ECB SIGNALS DELAY IN RATE CUTS DUE TO INFLATION CONCERNS EUR/USD appreciates for the third consecutive day, trading near 1.0430. Traders expect ECB to delay further rate cuts following recent inflation uptick. ECB’s Holzmann attributes inflationary pressures to Trump's tariffs despite
The crash occurred at Muan International Airport on Sunday. The flight, Jeju Air flight 7C2216, was arriving from Bangkok, Thailand. There were 175 passengers and 6 crew members on board. The plane attempted to land around 9 a.m., but belly-landed and went off the runway. The plane caught fire
Oil prices went up by more than 1% on Friday. The increase was due to a bigger-than-expected drop in U.S. crude stocks. Brent crude rose by 91 cents to $74.17 per barrel. U.S. West Texas Intermediate crude rose by 98 cents to $70.60 per barrel. The
South Korea Economic Updates (December 30, 2024) Increased by 0.1% year-on-year (YoY), below the estimated +0.5%. Decreased by 0.7% month-on-month (MoM), exceeding the expected decline of -0.5%. Cyclical Leading Index: Rose by 0.1 point MoM in November. South Korea will monitor financial markets closely. Government
US DOLLAR SET TO RECORD A NEW WEEKLY GAIN The US dollar rose on Friday, continuing its gains from the previous day. The rise is supported by the increase in US 10-year Treasury yields. The dollar is on track for a fourth consecutive weekly gain. Expectations of a US interest
JAPANESE YEN STRENGTHENS AFTER TOKYO CPI DATA SUPPORTS BOJ RATE HIKE The Japanese Yen (JPY) appreciated after the release of Tokyo CPI inflation data. Tokyo CPI rose to 3.0% YoY in December, up from 2.6% in November. Excluding Fresh Food and Energy, the Tokyo CPI increased to 2.
EUR/USD BREAKS ABOVE 50% MIDPOINT, EYES NEXT RESISTANCE LEVELS EUR/USD edges higher, breaking above the 50% midpoint of the range since the September 2022 low (1.04053). The pair has been oscillating around this midpoint over the past five trading days. After the FOMC decision, EUR/USD dropped
ISRAELI ARMY ATTACKS SYRIAN-LEBANESE BORDER INFRASTRUCTURE The Israeli army attacked infrastructure on the Syrian-Lebanese border used to transport weapons. Hezbollah is accused of using civilian infrastructure to transport weapons.
Bank of Japan Decision: The Bank of Japan kept interest rates at 0.25% in its recent meeting and is unlikely to raise them soon. Impact on USD/JPY: This decision has already influenced the USD/JPY exchange rate. Focus on Next Meeting: Traders are now looking ahead to the
Oil Prices Rise: Oil prices increased on Thursday. Reason 1: China's Decisions: China's actions supported the rise. Reason 2: US Oil Data: Initial data on US oil stocks contributed to the increase. Low Trading Volume: The rise happened despite fewer trades due to year-end holidays.
GBP/USD SUBDUED NEAR 1.2500 DUE TO FED RATE CUT EXPECTATIONS GBP/USD remains subdued around 1.2520 due to light trading post-Christmas. US Dollar strengthens as expectations grow for fewer Fed rate cuts next year. The Pound Sterling struggles amid a surprise MPC split vote, suggesting faster monetary
Donald Trump's wealth grew by $3.6 billion this year, reaching $6.1 billion. Most of this increase is due to his 60% ownership in Truth Social's parent company. His stake in Truth Social makes up over half of his net worth. Trump also owns $1.