GOLD 2025 OUTLOOK: WHAT'S NEXT? Gold has risen by 28% in 2024, outperforming the S&P 500, and hit a record high in October. Gold's price has been wavering since October and didn't rise with other assets after Donald Trump's election.
Thursday's Breaking News (Moscow Time) BoE Interest Rate Decision (GBP) Time: 15:00 Previous Rate: 4.75% Forecast: No change (4.75%) US GDP Growth (QoQ, Q3) Time: 16:30 Previous Growth: 3.0% Forecast: Slower growth (2.8%) US Initial Jobless Claims Time: 16:30 Previous: 242K
Rate Cut and Pause The Fed cut interest rates by 0.25% (25 basis points), completing a total of 1% reduction this year. This is likely the last adjustment for now, as the Fed plans to pause further changes. One member, Beth Hammack, disagreed, wanting to keep rates unchanged. Future
US ECONOMIC DATA RELEASED Business inventories in the U.S. grew by 0.1% in October, matching the forecast and previous month's reading. The U.S. Housing Market Index for December came in at 46, slightly below the forecast of 47, but unchanged from the previous month.
ETF REVIEW: DECEMBER FLOWS SO FAR FAIL TO KEEP PACE WITH NOVEMBER ETF flows in December have been slower compared to November. So far, $90 billion has flowed into ETFs this month, well below November's $220 billion. November's Record Flow: November saw the highest ETF inflows
Interest Rate Cut: The Federal Reserve lowered interest rates by 0.25% to 4.50%, as expected. Inflation Progress: Powell expects core inflation to drop to 2.5% next year, showing significant improvement. Tariff Impacts: It's too early to judge the effect of tariffs on the economy, but
BITCOIN PRICE FORECAST: BTC EXTENDS UPSIDE ABOVE $107K AS MICROSTRATEGY AND RIOT EXPAND BITCOIN HOLDINGS Bitcoin price is trading above $107,300, reaching a new all-time high of $107,793 recently. Companies like MicroStrategy and Riot Platforms have been buying more Bitcoin, fueling the price rally. MicroStrategy bought an additional
GOLD REMAINS ON ITS BACK FOOT AFTER STRONG US RETAIL SALES Gold (XAU/USD) failed to rise above $2,665 and resumed its downward trend as the U.S. dollar strengthens. Strong U.S. retail sales in November and better-than-expected economic data are boosting expectations of a "hawkish"
US RETAIL SALES MIXED FOR SECOND STRAIGHT MONTH November Retail Sales: U.S. retail sales grew by 0.7% in November, slightly exceeding the expected 0.6% increase. October Revision: October's retail sales were originally 0.4% but were revised upward to 0.5%. Mixed Results: This marks
CANADA'S NOVEMBER INFLATION READINGS MIXED Canada's Consumer Price Index (CPI) showed no change in November, recording 0%, which was below the expected 0.1% increase. The CPI had contracted by 0.4% in October. On an annual basis, inflation slowed to 1.9% in November, which
EUR/USD PRICE FORECAST: CONSOLIDATIVE PHASE AROUND 1.0500 CONTINUES The EUR/USD pair is staying around the 1.0500 level, with small movements in a 60-pip range. It has posted slight gains but lacks a clear direction. Investors are cautious ahead of the U.S. Federal Reserve's
US MARKETS SIZZLE, WHILE GLOBAL MARKETS FIZZLE Wall Street is doing very well as traders prepare for important interest rate decisions from central banks around the world. The U.S. economy is growing strongly, its best since October 2021, boosting market confidence. The U.S. services sector is performing better