Why are cryptocurrencies up today? Santa rally narrative picks up pace
Cryptocurrencies are experiencing a notable rally, with Bitcoin and Ethereum leading gains as market sentiment shifts positively ahead of year-end. Bitcoin climbed past $28,000, up nearly 4% in 24 hours, while Ethereum saw a 3% boost, trading above $1,800. Altcoins like Solana and Ripple also recorded substantial gains, reflecting renewed investor enthusiasm amid a typically […]
EUR/USD trades in tight range in a holiday-shortened week
The EUR/USD pair traded within a narrow range this week, reflecting subdued market activity during the holiday season. Limited economic data releases and thin trading volumes have kept the currency pair largely confined, with investors hesitant to take major positions ahead of year-end. Despite the calm, the euro has shown resilience, holding steady against the […]
Crude Oil jumps above $70 with traders bracing for API ahead of Christmas
Crude oil prices climbed above $70 per barrel, reflecting heightened market activity as traders prepare for the American Petroleum Institute’s (API) latest inventory report. The move marks a significant rebound in prices, driven by expectations of tighter supplies and potential geopolitical uncertainties influencing global demand. The upcoming API report, expected just ahead of the Christmas […]
Pound Sterling gains as investors ignore mild uptick in BoE dovish bets
The Pound Sterling advanced on Tuesday as market sentiment remained resilient despite subtle shifts in expectations for the Bank of England’s monetary policy. Investors appeared to shrug off a mild uptick in dovish bets on the BoE, focusing instead on broader market optimism and ongoing support for the UK economy. Recent data signaling stable economic […]
Palm oil falls on weak Malaysia exports, competition with soyoil
Palm oil prices dipped as Malaysia’s exports continued to slump, signaling weaker global demand. Shipments from Malaysia, the second-largest producer, fell 5.2% in December compared to the prior month, reflecting softer buying interest from top consumers like India and China. Export weakness combined with growing stockpiles has intensified pressure on the edible oil market. Adding […]
Japan’s 2024 stock rally brought meager returns in dollar terms
Japan’s stock market in 2024 showed impressive gains in yen terms, driven by a wave of corporate reforms and improved investor sentiment. However, when viewed from the perspective of international investors, these gains were largely erased by a weakened yen, which tumbled more than 12% against the U.S. dollar. While domestic shareholders benefited, foreign investors […]
Goldman sees yen in sweet spot for global buyers of Japan stocks
Goldman Sachs analysts are emphasizing the yen’s current positioning as a prime factor for global investors to capitalize on Japan’s stock market. The currency’s weakened state against the dollar, coupled with Japan’s robust corporate performance, is creating an attractive entry point for international buyers. Yen depreciation and the Bank of Japan’s ultra-loose monetary policy are […]
Japan startups stocks set for longest rout as rate hike looms
Japan’s startup stocks are on the verge of their longest losing streak in years, with investors bracing for potential rate hikes by the Bank of Japan. Market sentiment remains cautious as higher interest rates could increase borrowing costs and weigh heavily on growth-focused companies. The Tokyo Stock Exchange Mothers Index has already slumped 15% this […]
Australian Dollar remains under pressure following the release of the RBA Meeting Minutes
The Australian Dollar continued its slide after the release of the Reserve Bank of Australia (RBA) Meeting Minutes, which revealed a cautious outlook on the economy. The minutes highlighted concerns over softening domestic demand and persistent inflationary pressures, suggesting limited room for aggressive policy tightening. This subdued stance dampened market sentiment, further weighing on the […]
Asian Stocks Edge Higher After US Tech Shares Gain: Markets Wrap
Asian stocks advanced on Wednesday, buoyed by strong overnight gains in US tech shares, which provided a positive lead for regional markets. Investors showed renewed confidence after a rally in mega-cap technology stocks lifted Wall Street, with the Nasdaq Composite closing higher by 1.2%. Key indices across Asia, including Japan’s Nikkei 225 and South Korea’s […]