Analysis
WEEKLY MARKET OUTLOOK (JAN 13 - JAN 17) U.S. CPI Data: Inflation in the U.S. expected to remain above target, with the Federal Reserve focusing on further reducing price pressures. U.K. CPI Data (Wed): UK inflation likely to rise, influencing future Bank of England interest rate decisions.
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Gold prices stayed steady on Monday. A strong U.S. jobs report made the Federal Reserve less likely to cut interest rates. Uncertainty about the upcoming Trump administration's policies increased demand for gold as a safe investment.
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GOLD PRICE FORECAST: XAU/USD HOLDS ABOVE $2,660 WITH SOFT TONE XAU/USD currently at $2,663.89, showing a soft tone. Gold remains under pressure due to persistent US Dollar demand. Gold reached a multi-week high of $2,697.88 on Friday after strong US NFP data. US
USD LOSES GROUND AMID NEWS OF GRADUAL TARIFF HIKES USD extends losses as news emerges of Trump's team considering gradual tariff hikes. Gradual tariff increases of 2-5% per month under consideration. The news weighs on the US dollar, with AUD, GBP, and NZD rising. Japanese markets return from
EUR/USD FALLS TO NEW LOWS; PIVOT POSSIBLE BEFORE PARITY EUR/USD drops to a two-year low of 1.0200 after strong US jobs data. Critical support forming near 1.0200, coinciding with 61.8% Fibonacci retracement. RSI and stochastic oscillator nearing oversold levels, suggesting a potential reversal. Parity (1.
Australia's inflation rose sharply in December 2024, based on data from the Melbourne Institute. The inflation rate increased by 0.6% compared to November 2024. This is the highest monthly rise in a year, since December 2023. The data comes from the Melbourne Institute's consumer expectations
Goldman Sachs' Forecast: Goldman Sachs expects the US dollar to rise by about 5% over the next year. Reason for Dollar Strength: This is due to the strong US economy and the possibility of higher tariffs, which might reduce the need for monetary easing. Impact on Gold Prices: A
Goldman Sachs analysts say US and UK tightening sanctions on Russian oil may push global oil prices up. They expect Brent crude oil prices to rise above $85 per barrel. The rise in price is due to a decline in global oil supplies. OPEC has delayed its planned increase in
India's inflation dropped to 5.22% in December. This is the second month in a row of declining inflation. The figure is lower than expected. This trend strengthens the possibility of interest rate cuts in the future.
SOLANA PRICE PREDICTION: SOL DROPS 5% AMID BEARISH SENTIMENT AND HAWKISH FED FEARS Solana price fell 5%, dropping below $170 for the first time in 68 days. Trading volumes surged to 4.35 billion SOL, up from 1.54 billion. Negative media sentiment coincides with the price decline. Technical indicators
BITCOIN FALLS BELOW $92,000 AMID OVERHEATED EXCHANGE CONDITIONS Bitcoin price drops to $91,800 on Monday, falling almost 4% last week. CryptoQuant data shows Bitcoin is overheating on exchanges, suggesting further decline. QCP Capital report points to a heating US economy, with upcoming macro data potentially testing Bitcoin as
MARKETS SET TO REACT TO US DECEMBER CPI AND KEY ECONOMIC DATA Monday: China’s December trade data and Czech Republic’s CPI surprise markets. Tuesday: Japan’s current account balance and US PPI data for December. Wednesday: Japan’s Tankan indexes, UK and Sweden’s CPI, and US December