Australia’s Trade Surplus increases to 7,079M MoM in November vs. 5,750M expected
Australia’s trade surplus surged to AUD 7.08 billion in November, significantly outperforming market forecasts of AUD 5.75 billion. The higher-than-expected figure was driven by robust exports, which rose 3% month-over-month, outpacing the 2% increase in imports. The latest data highlights the resilience of Australia’s external sector despite global economic uncertainties. Key contributors included strong demand […]
Japan’s Base Pay Rises Most in 32 Years, Helping Rate Hike Path
Base wages in Japan surged by 1.9% in 2023, marking the fastest annual growth in 32 years, as companies responded to mounting pressure from inflation and labor demands. The increase, according to government data, is a pivotal development for Japan’s economy, which has long struggled with sluggish wage growth and deflationary pressures. This sharp rise […]
Australia’s Retail Sales rise 0.8 % MoM in November vs. 1.0% expected
Australia’s retail sales rose by 0.8% in November, marking a slower pace than the 1.0% growth analysts had anticipated. The latest figures reveal cooling momentum after October’s surge of 0.9%, as consumers show signs of cautious spending amidst rising cost-of-living pressures. The modest increase underscores the challenges faced by households navigating elevated interest rates and […]
XRP investors realized over $670 million profits as market reacts positively to executives’ dinner with Trump
XRP investors have seen profits soar, with over $670 million realized in gains, as market sentiment surged following a dinner between Ripple executives and former U.S. President Donald Trump. The meeting, while private, sparked widespread speculation about potential regulatory discussions, fueling optimism within the crypto community. Market analysts attribute the bullish reaction to heightened confidence […]
Oil Steadies After Volatile Session on Signs of Tighter Market
Oil prices steadied on Wednesday following a volatile trading session, as evidence of a tighter market tempered earlier losses. Futures for Brent crude hovered near $77 per barrel, showing resilience after initial declines sparked by fears of sluggish demand. Signs of decreasing stockpiles and ongoing supply constraints contributed to the recovery, reinforcing expectations of a […]
USD/CAD holds below 1.4400 as traders await Fedspeak
The USD/CAD pair remained subdued below the 1.4400 level on Thursday, reflecting cautious market sentiment ahead of upcoming remarks from key Federal Reserve officials. Traders are focusing on potential signals regarding the central bank’s monetary policy trajectory, especially as inflation concerns and economic growth challenges persist. Despite recent strength in the U.S. dollar, the Canadian […]
Gold Holds Two-Day Gain Before US Data That May Shape Rate Path
Gold prices held steady on Thursday, maintaining gains from earlier sessions as markets awaited key U.S. economic data that could influence the Federal Reserve’s interest rate outlook. Spot gold hovered near $1,950 per ounce, supported by a slight dip in Treasury yields and the dollar. Investors are keenly focused on jobless claims and inflation figures, […]
Gold price edges higher on mixed US jobs outlook, insightful FOMC minutes
Gold prices inched higher as investors digested mixed signals from the U.S. labor market and the latest Federal Reserve minutes, signaling a cautious approach to monetary policy. Spot gold gained 0.3% to $1,945.80 per ounce, reflecting investor sentiment amid uncertainty over interest rate trajectories. The U.S. labor market showed resilience with a lower unemployment rate, […]
Has Bitcoin topped for the cycle? Here’s what key metrics suggest
Bitcoin‘s recent surge past $100,000 has reignited discussions about whether it has reached its peak in the current market cycle. Analysts are divided, with some pointing to historical patterns suggesting further growth, while others caution about potential downturns. Historically, Bitcoin has exhibited four-year cycles characterized by significant rallies followed by corrections. Notably, after each halving […]