BREAKING MARKET NEWS (12/24/2024)
BREAKING MARKET NEWS (12/24/2024) NETHERLANDS Q3 GDP (YEARLY): Netherlands' Q3 GDP rises by 1.7% year-on-year, also in line with estimates.
Tina Collins
US LAUNCHES NEW PROBE INTO OLD CHINESE SEMICONDUCTORS
US LAUNCHES NEW PROBE INTO OLD CHINESE SEMICONDUCTORS The U.S. is investigating old Chinese semiconductors. These semiconductors are used in cars, household items, and defense systems. The U.S. accuses China of unfair practices that harm competition. This could affect global supply chains for important semiconductor parts.
XAU/USD REMAINS STUCK BETWEEN TWO KEY BARRIERS AMID THIN TRADING
XAU/USD REMAINS STUCK BETWEEN TWO KEY BARRIERS AMID THIN TRADING Gold reverses its previous decline but remains within a familiar range early Tuesday. The US Dollar continues to strengthen, aided by rising US Treasury bond yields, amid light market trading. Gold is attempting another attempt at a higher price
USD NEWS RESULTS: NOVEMBER HOME SALES AND DECEMBER CONSUMER CONFIDENCE
USD NEWS RESULTS: NOVEMBER HOME SALES AND DECEMBER CONSUMER CONFIDENCE New Home Sales (Nov): Previous: 610K Forecast: 664K Current: 664K Result: As expected CB Consumer Confidence (Dec): Previous: 111.7 Forecast: 112.9 Current: 104.7 Result: Negative for USD
CANADA'S ECONOMIC GROWTH DATA IS POSITIVE AND EXCEEDS EXPECTATIONS
CANADA'S ECONOMIC GROWTH DATA IS POSITIVE AND EXCEEDS EXPECTATIONS Canada’s GDP grew by 0.3% in October, surpassing market expectations of 0.2%. The GDP growth for September was revised upward to 0.2%, from the initial 0.1%. GDP is a crucial measure of economic performance,
BREAKING MARKET NEWS (12/24/2024)
BREAKING MARKET NEWS (12/24/2024) CHINA'S BOND YIELD MOVEMENTS: One-year bond yield drops by 5 basis points to 0.8%. 10-year bond yield increases by 2 basis points. CHINA'S MINISTRY OF FINANCE MEETING: A meeting is being hosted in Beijing. NATIONAL FISCAL WORK CONFERENCE: China
TUESDAY'S BREAKING NEWS
TUESDAY'S BREAKING NEWS Christmas holiday observed. UNITED KINGDOM: Christmas holiday with early market close at 12:30. UNITED STATES: Christmas holiday with early market close at 13:00. AUSTRALIA: Christmas holiday with early market close at 14:10.
FOREX TODAY: RISK SENTIMENT CONTINUES RECOVERY
FOREX TODAY: RISK SENTIMENT CONTINUES RECOVERY Risk appetite continues to improve after lower-than-expected US PCE data on Friday, which indicated easing inflation. Major stock indices, including the Nikkei 225, HSI, and NASDAQ 100, are up by about 1% since the week's start. Markets expect the next Fed rate
US Dollar Price Annual Forecast: King for longer?
US Dollar Gains in 2024: The US Dollar is expected to perform well in 2024. Trump's Impact in 2025: Anticipation of Donald Trump returning as President may support the dollar's strength in 2025. Federal Reserve's Role: The Fed is expected to slow down its
US DOLLAR RISES AFTER STRONG LOSSES, LAGARDE PUSHES EURO LOWER
US DOLLAR RISES AFTER STRONG LOSSES, LAGARDE PUSHES EURO LOWER The US dollar rose on Monday, recovering from significant losses at the end of last week. The rebound was fueled by signs of easing inflationary pressures in the US. The euro weakened following cautious comments from European Central Bank President
GOLD PRICE FORECAST: XAU/USD’S DOWNSIDE BIAS REMAINS INTACT WHILE BELOW $2,645
GOLD PRICE FORECAST: XAU/USD’S DOWNSIDE BIAS REMAINS INTACT WHILE BELOW $2,645 Gold price is recovering from monthly lows, driven by year-end unwinding. The US Dollar is bouncing back after a profit-taking slide, despite sluggish US Treasury bond yields. Gold remains a "sell-on-bounce" trade while below
BITCOIN PRICE ANNUAL FORECAST: 2025 OUTLOOK BRIGHTENS ON EXPECTATIONS OF US PRO-CRYPTO POLICY
Bitcoin's price increased by over 140% in 2024, reaching $100K by December. The price boost was fueled by the launch of Bitcoin Spot ETFs in January and the reduced supply following the 2024 halving event in April. The victory of crypto-friendly candidate Donald Trump in the US presidential