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The Oil-Dollar pair surged by 2.9% in the last trading session, marking a strong performance. The MACD is signalling a positive trend, indicating potential for continued upward momentum.
The Australian Dollar fell 0.9% against the US Dollar in the last session. The Stochastic Indicator is signalling a negative trend, suggesting caution for traders.
The Euro dropped 0.5% against the US Dollar in the previous session. The MACD is providing a negative signal, reinforcing a bearish outlook for the pair.
The Dollar-Yen pair experienced a slight downward movement, dropping 0.2% in the last session. The Rate of Change (ROC) indicator is signalling a negative trend, indicating reduced momentum.
Global stocks have dipped as US Treasury yields rise on stronger-than-expected jobs data, which has reinforced expectations of prolonged high interest rates from the Federal Reserve. Meanwhile, the IMF projects steady global growth and a continuation of disinflation in its updated World Economic Outlook. Upcoming US inflation data could impact market sentiment and test investors' resolve.
Notable economic events include:
The GBP/USD pair fell by 0.4% in the last trading session. The Williams Percent Range indicator signals that the market is currently oversold after a significant dip of 3.3% in the prior session.
The BTC/USD pair declined by 1.9% in the last session. The Stochastic RSI indicates that the market is currently oversold, reflecting a continuation of bearish momentum.
The US Crude Oil pair rose by 0.9% during the last trading session, having gained as much as 1.3% intraday. The Stochastic indicator currently signals a potential downturn.
The AUD/USD pair corrected downward, falling by 0.2% in the last session. The Commodity Channel Index (CCI) suggests the market is oversold, indicating a possible reversal in trend.
Hackers stole over $3 billion in cryptocurrency in 2024, marking a 15% increase from 2023. The US dollar strengthened for a third session as treasury yields remained elevated amidst concerns over tariffs from the incoming Trump Administration. Meanwhile, gold prices surged to a near four-week high due to Safe Haven demand.
Key events to monitor include:
The EUR/USD pair fell by 0.3% in the last session. The MACD is signalling a positive trend.
The USD/JPY pair saw a minor upward correction, rising by 0.1% in the last session. The Williams Percent Range indicator signals an overbought market.
The GOLD/USD pair gained 0.5% in the last session, briefly rising as much as 1%. The ROC (Rate of Change) indicator is showing a positive signal.
Tesla's stock fell by 2.7% in the last session. The Ultimate Oscillator indicates a negative trend.
British government bond yields have surged, pushing 10-year yields to their highest levels since August 2008. In a separate development, Asian dollar bond issuance is expected to grow by 20% in 2025 due to favourable interest rate conditions.
Key events to monitor include:
The Bitcoin/USD pair plummeted by 5.3% in the last trading session. The Stochastic RSI is indicating a negative signal.
NIO stock dropped 2% in the last session. The Ultimate Oscillator is providing a negative signal.
The Aussie Dollar price remained largely unchanged in the last session. The CCI is indicating an overbought market.
Gold rose 0.4% against the dollar in the last session. The MACD is indicating a positive signal.
Oil prices rose due to supply concerns stemming from sanctions on Russia and Iran, coupled with anticipated increased demand from China. The dollar strengthened, reaching a six-month high against the Yen, as strong economic data indicated a stable jobs market and robust services sector. Additionally, US Commodity Futures Trading Commission chair Rostin Behnam announced plans to step down, paving the way for regulatory changes under the new administration.
Key economic events to look out for include:
Gold dipped by 0.2% against the dollar in the last trading session. The Stochastic RSI is giving a positive signal.
The EUR/USD pair rose by 0.7% in the last session. The Stochastic indicator is giving a positive signal.
The GBP/USD pair rose by 0.7% in the last session. The Stochastic indicator is giving a positive signal.
Bitcoin paired with the dollar exploded by 3.6% in the last session. The Ultimate Oscillator is giving a positive signal.
Wall Street's main indices reached new highs as optimism around artificial intelligence boosted semiconductor stocks. A report suggested that the incoming Trump administration may adopt a less aggressive stance on tariffs than previously anticipated. MicroStrategy, the largest corporate Bitcoin holder, announced the purchase of 170 BTC during late December 2024, spending approximately $111 million.
Key economic events to look out for include:
The oil-dollar pair surged by 1.1% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
The Australian dollar gained 0.1% against the US dollar in the last session. The Stochastic indicator is showing a positive signal.
The EUR/USD pair climbed 0.4% in the last session. The Williams Percent Range indicator is emitting a positive signal.
The USD/JPY pair dipped 0.1% in the last session, following a minor downward correction. The Williams Percent Range indicator suggests an overbought market, supporting a negative signal in technical analysis.
US stocks rebounded in the final session of a holiday-shortened week, buoyed by investor optimism about anticipated Federal Reserve rate cuts and more lenient regulatory policies under a new administration. In corporate news, Taiwan's Foxconn recorded its highest-ever quarterly revenue, fuelled by strong demand for AI servers and iPhones, with a 15.2% year-on-year revenue jump to $64.7 billion.
Key economic events to monitor include:
The GBP/USD pair dropped by 1.2% in the last session. The Stochastic indicator is signalling a negative trend.
Bitcoin soared by 2.9% against the dollar in the last session. The Williams Percent Range indicator is giving a positive signal.
US Crude Oil surged by 1.3% against the dollar in the last session. The Commodity Channel Index (CCI) indicates an overbought market.
The AUD/USD pair remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal.
The T3 Financial Crimes Unit has frozen $126 million in USDT since August 2024. Oil prices rose by 2% as optimism grows around China's economy. Gold increased by 1.3% due to Safe Haven buying and anticipation of the Federal Reserve's rate decisions.
Key economic events to monitor include:
On the last trading day of 2024, major global indices delivered mixed results. The following summaries capture the year-end statistics:
• Dow Jones Industrial Average (US30): Down by 0.07% on December 31, closing the year with a remarkable +12.80% gain.
• S&P 500 Index (US500): Declined by 0.43%, but posted a stellar annual performance of +24.01%.
• Nasdaq Technology Index (US100): Dropped 0.87%, capping an impressive year with +27.01% growth.
As investors look forward to fresh data, December’s US Manufacturing Activity Index, set to release this Friday, remains pivotal in shaping early 2025 market sentiment. The index is forecasted to dip slightly by 0.2 points to 48.2, indicating continued contraction in the sector.
The Mexican peso faced headwinds due to a strengthening US dollar, buoyed by rising yields and safe-haven demand. Amidst thin holiday liquidity, the peso concluded 2024 as one of the worst-performing emerging market currencies, tumbling by nearly 19% year-to-date.
WTI crude oil surged above $72 per barrel during the first post-New Year trading session, following data from the API showing a 1.4 million barrel decline in US crude inventories. If official data confirms this trend, it would represent the third consecutive weekly drop.
Recovering from two-year lows, the Australian dollar climbed above US$0.62, supported by rising commodity prices that favour Australia’s position as a net exporter.
The New Zealand dollar experienced modest gains, fuelled by optimism surrounding China’s economic recovery. However, dovish expectations from the Reserve Bank of New Zealand and weaker factory activity data continued to weigh on the currency.
Markets across Europe were closed on December 31, but full-year performances revealed notable trends:
On December 31, Asian indices displayed mixed movements:
The People’s Bank of China (PBoC) injected a record 1.7 trillion yuan ($233 billion) into the economy in December, signalling continued accommodative policies to counteract trade-related headwinds. This follows earlier injections of 800 billion yuan and 500 billion yuan in October and November, respectively.
Singapore’s GDP growth slowed to 4.3% in Q4 2024 from 5.4% in Q3. However, the full-year expansion of 4% outpaced both the 2023 growth rate (1.1%) and forecasted figures (3.5%).
Indonesia’s annual inflation held steady at 1.57% in December, slightly below market expectations of 1.6%, but comfortably within the central bank’s target range of 1.5% to 3.5%.
Australia Manufacturing PMI at 00:00
China Caixin Manufacturing PMI at 03:45
Switzerland Manufacturing PMI at 10:30
Germany Manufacturing PMI at 10:55
Eurozone Manufacturing PMI at 11:00
UK Manufacturing PMI at 11:30
US Initial Jobless Claims at 15:30
Canada Manufacturing PMI at 16:30
US Manufacturing PMI at 16:45
US Crude Oil Reserves at 18:00
Oil gained 0.7% against the dollar in the last session. The Stochastic RSI is signalling a positive trend.
The AUD/USD pair traded sideways in the last session. The Stochastic indicator suggests the market is currently oversold.
The EUR/USD pair traded sideways in the last session. The Williams Percent Range indicator is providing a positive signal.
The USD/JPY pair made a minor downward correction, dropping 0.1% in the last session. The Stochastic indicator suggests the market is currently overbought.
Global equity funds saw sharp inflows this past week, buoyed by a positive US inflation report and relief from avoiding a government shutdown, boosting investor confidence in risk assets. Meanwhile, United Health and a Medici's merger faces delays under close scrutiny from the US Department of Justice. US stocks had a banner year in 2024, with the S&P 500 up by 25% and the NASDAQ Composite up by over 31%.
Key economic events to monitor include:
The GBP/USD pair traded sideways in the last session. The Stochastic RSI is giving a negative signal, suggesting potential bearish momentum.
Bitcoin fell 0.5% against the dollar in the last trading session. The RSI is currently giving a negative signal, indicating bearish momentum.
The oil-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signalling negative momentum, suggesting caution in the market.
The AUD/USD pair remained largely unchanged in the last session. The Commodity Channel Index (CCI) indicates an oversold market, hinting at potential bullish opportunities.
Ether’s price dropped below $3,400, erasing prior gains and triggering $34 million in liquidations of leveraged ETF longs. This followed a 4% decline in Bitcoin, reflecting increased investor risk aversion. Meanwhile, US job market data shows a cooling yet steady labour environment, reducing the likelihood of further Federal Reserve interest rate cuts in the near term. Gold prices rose slightly, driven by safe-haven demand amid thin post-holiday trading as markets await further economic signals.
Key economic events to monitor include:
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