The USD/JPY pair moved over 2,200 pips, influenced by diverging central bank policies between the US and Japan. The Fed may pause its rate-cut cycle in 2025, continuing to drive the USD/JPY pair. The Bank of Japan is likely to avoid significant rate hikes, maintaining low interest
Gold gained around 25% in 2024, reaching a record high of $2,790. Geopolitical tensions and US President-elect Donald Trump’s policies are expected to influence Gold prices in 2025. Gold’s technical indicators suggest a potential loss of bullish momentum as the new year begins. The impact of Trump’
Weekly Economic and Financial Commentary (Simplified) United States The U.S. economy remains strong despite uncertainties for 2025. The main focus for policymakers will be balancing inflation control with reducing pressure on sensitive sectors. Key upcoming data: ISM Manufacturing & Services (January 3, 7) Employment data (January 10) International Brazil:
Bitcoin saw a strong recovery after dropping below $91,000. Veteran trader Peter Brandt remains bullish on Bitcoin and predicts it could rise to $70,000. Internal analysis shows positive signs for Bitcoin's future. Despite a recent sharp decline in the crypto market, Bitcoin has bounced back, boosting
UK GDP (Quarterly - Q3): Currency: GBP (£) Effect: ⭐ (Moderate) Previous: 0.5% Forecast: 0.1% UK GDP (Yearly - Q3): Currency: GBP (£) Effect: ⭐ (Moderate) Previous: 0.7% Forecast: 1.0% US Consumer Confidence (December): Currency: USD ($) Effect: ⭐ (Moderate) Previous: 111.7 Forecast: 112.9
GOLD SET FOR WEEKLY DROP; TRADERS AWAIT U.S. DATA FOR CUES Gold prices were on track for a weekly drop, influenced by the Federal Reserve's decision to slow down its rate cuts. The Fed’s stance on monetary policy easing affected gold's performance this week.
BITCOIN TESTS $100K AGAIN The cryptocurrency market dropped 3% in 24 hours, with capitalization falling to $3.51 trillion, its lowest in over a week. Bitcoin is once again testing the $100,000 level, attempting to dip below this round figure. While Bitcoin's decline mirrors that of stocks,
GOLD PRICE FORECAST: XAU/USD APPROACHES RECENT LOWS AROUND $2,580 XAU/USD is trading at $2,590.05, moving towards recent lows around $2,580. The Bank of Japan and the Bank of England kept rates unchanged in their December meetings, while the U.S. revised Q3 GDP figures
US DOLLAR SET FOR WEEKLY GAINS AHEAD OF CORE INFLATION DATA The US dollar was on track for weekly gains after a strong performance earlier in the week. The dollar eased slightly on Friday as traders awaited key inflation data. Focus is on the upcoming release of the Federal Reserve&
The US economy grew at a 3.1% annual rate from July to September (Q3). This is an update to earlier estimates. Growth was supported by strong consumer spending. Higher exports also contributed to the growth.
El Salvador has made changes to its Bitcoin policies. These changes are part of a $1.4 billion agreement with the International Monetary Fund (IMF). The country previously adopted Bitcoin as legal tender in September 2021. The IMF's involvement has influenced El Salvador's cryptocurrency strategies.
ITALIAN BUSINESS AND CONSUMER CONFIDENCE DATA RELEASED Manufacturing Confidence: Italy's manufacturing business confidence came in at 85.8, below the forecast of 86 and the previous reading of 86.5. Consumer Confidence: Italian consumer confidence stood at 96.3, lower than the forecast of 97 and slightly down