USD/JPY continues to fall toward 156.00 as traders expect BoJ to raise rates in January
The USD/JPY pair extended its decline, inching closer to the 156.00 level as speculation intensifies that the Bank of Japan (BoJ) will raise interest rates in early 2025. This sentiment reflects mounting expectations for a shift in monetary policy after years of ultra-low rates. Market participants are increasingly pricing in a possible rate adjustment in […]
Bitcoin rally fizzles as token’s record-breaking year winds down
Bitcoin’s remarkable 2024 rally appears to be faltering as December outflows from US Bitcoin ETFs signal investor caution. After a year marked by soaring prices and heightened institutional interest, the cryptocurrency is facing one of its largest ETF selloffs of the year, with daily net flows turning negative by over $500 million in early December. […]
Inflation in Japan’s capital accelerates, keeps rate hike prospects intact
Tokyo’s core consumer inflation accelerated in December, underscoring the ongoing pressure on household budgets and keeping the Bank of Japan’s policy normalization prospects alive. Core consumer prices in the capital, a key indicator of nationwide trends, rose 2.7% year-on-year, marking a sharp uptick from November’s 2.5% gain. This increase exceeded market forecasts, pointing to persistent […]
AI, Trump are keys for Korea stock picks amid political upheaval
South Korea’s stock market is grappling with heightened volatility, as global economic uncertainties converge with domestic political upheaval. Analysts are closely monitoring the impact of artificial intelligence (AI) investments and geopolitical developments tied to former U.S. President Donald Trump’s legal battles, which could shift investor sentiment. Amid these complexities, AI-related stocks and companies with solid […]
Bitcoin ETF outflows hit $1.5B as price retreats
Bitcoin-focused exchange-traded funds (ETFs) are experiencing significant outflows, with $1.5 billion withdrawn in December, as Bitcoin’s price continues to hover below $27,000. The sustained sell-off reflects investor uncertainty over the cryptocurrency’s future, fueled by regulatory concerns and diminishing optimism about potential U.S. approval for spot Bitcoin ETFs. This marks the second consecutive month of outflows, […]
Nio’s mass market push draws scorn as EV maker promises a profit
Nio, the Chinese electric vehicle (EV) startup, is ramping up its efforts to capture the mass market as it struggles to stem persistent losses. Despite a steady climb in vehicle deliveries, the company reported another dismal quarter, with losses surpassing expectations. Nio’s move to diversify its lineup, which includes a focus on affordability, is part […]
EUR/USD trades with mild losses near 1.0400 amid holiday quiet session
The EUR/USD pair dipped slightly to trade near 1.0400, reflecting subdued activity in a quiet holiday trading session. With market participants largely sidelined, liquidity thinned, contributing to limited price action. The pair has been weighed down by a persistently strong dollar, fueled by expectations of prolonged tight monetary policy by the Federal Reserve. Market sentiment […]
PBOC sets USD/CNY reference rate at 7.1893 vs. 7.1876 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1893, slightly higher than the previous 7.1876, signaling a subtle adjustment in the central bank’s currency management strategy. This move comes as China navigates global economic pressures and maintains a cautious stance on exchange rate fluctuations. The marginal increase suggests the PBOC’s commitment […]
Oil Drifts in Slow Year-End Trade as Investors Weigh 2025 Risks
Oil prices remained stable in subdued year-end trading, as investors assessed potential risks in the global economy heading into 2025. Market activity was muted, with traders reluctant to make bold moves amid lingering concerns over global demand and the impact of central bank policies on economic growth. Brent crude hovered around $80 per barrel, reflecting […]
Japanese Stocks Rise After Fresh Weakness in Yen: Markets Wrap
Japanese stocks rose sharply as the yen weakened further against the dollar, bolstering export-driven sectors. The benchmark Nikkei 225 gained momentum, reflecting investor optimism as a softer yen enhances the competitiveness of Japan’s export-heavy companies. Key players in the automotive and technology industries, such as Toyota and Sony, saw notable gains. The yen’s slide, reaching […]