Bitcoin Price Update and Forecast:Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown:BTCUSD daily chart within the Donchian Channel with...
BOJ governor Ueda: We must raise rates if economic, price developments continue to improve
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People’s Bank of China injects 300 bn yuan in a 1 year MLF at unchanged rate of 2.00%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Celebrating the Festive Season with PU Prime’s Christmas Promotion
PU Prime, a leading global fintech company in trading and investment services, is excited to announce a new Christmas promotion, bringing holiday cheer to traders with an exclusive opportunity to win seasonal rewards. This special event offers traders exciting ways to...
Santa Claus stuffs stock market portfolios in a holiday-shortened session
S&P 500 dailyThe shortened US equity market session on Christmas Eve is often a formality but Santa Claus delivered this year. The 0.7% rally yesterday in the S&P 500 was followed with 0.8% today and the post-Fed rout has now been largely erased.S&P 500...
Atlanta Fed GDPNow Q4 growth estimate remains at 3.1%
The Atlanta Fed GDPNow growth estimate for Q4 growth comes in unchanged at 3.1%.In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.1 percent on December 24, unchanged from December 20...
Richmond Fed composite index -10 versus -10 estimate
Prior month -14Manufacturing Activity: Remained in contractionary territory; composite index rose to -10 in December (from -14 in November). Est. -10Component Indexes:Shipments: -11 vs -12 last monthEmployment: -8 vs -10 last monthNew Orders: Improved to -11 vs -19...
Semiconductor surge: Avago leads while tech sector sees mixed outcomes
Stock heatmap by FinViz.com Tue, 24 Dec 2024 14:46:15 GMT📈 Semiconductor Surge: Avago Shines BrightThe semiconductor sector is experiencing a strong upswing today, with Avago (AVGO) soaring by 2.99%. This boost contributes to a positive outlook within the sector, as...
Stocks trading higher in early trading. Shortened trading day with a close at 1 PM
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Philadelphia Fed non-manufacturing service activity for December -6 vs -5.9 last month
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What is moving the market? Where is the market going?
Christmas Eve in the US will include a shorten day in the US. The stocks will close early at 1 PM, the US bond market will close at 2 PM. The USD is mixed vs the major currencies:EUR +0.12%JPY -0.04%GBP-0.15%CHF +0.18%CAD +0.32%AUD +0.27%NZD +0.23%US stocks are mixed...
Reminder: US markets will be closed early on Christmas Eve
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
EUR/GBP will be an interesting pair to watch heading into the turn of the year
EUR/GBP monthly chartFor the longest of time now, the pair has been caught within a 1,000 pips range over the last eight years. And that's just the extremes in certain years. Most of the time, the pair has nestled within a much tighter range during this period. But...
What’s the next step for major central banks in 2025?
Let's dive straight into it with the first meeting date and what market players are pricing in for that.Fed: 29 January (~91% probability of no change, ~9% probability of a 25 bps rate cut)ECB: 30 January (~99% probability of a 25 bps rate cut, ~1% probability of no...
Chinese stocks set for its first win in four years
With China, it's always hard to tell. But the big question is, are things really different for China this time around as compared to all their promises over the last few years? They've definitely stepped up the rhetoric but I want to say that actions speak louder than...
Goldman Sachs say that Chinese stocks face limited downside in 2025
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China finance ministry announce fiscal support measures
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ForexLive Asia-Pacific FX news wrap: BoJ and RBA meeting minutes released
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MUFG Bank see potential for the euro to parity against the US dollar in the next 3 months
MUFG Bank expects the euro to weaken against the dollar, potentially approaching parity in the first quarter of 2025, before stabilizing and staging a moderate recovery in the second half of the year. The forecast reflects the persistence of macroeconomic divergence...