AUD/USD holds steady below 0.6200 ahead of Chinese PMI release
The AUD/USD pair stayed below the 0.6200 mark on Thursday, as investors maintained a cautious stance ahead of China’s latest PMI data. The subdued movement reflects concerns over global economic trends, particularly China’s manufacturing activity, which is a key driver of the Australian dollar due to trade ties. Market participants are wary that weak PMI […]
XAU/USD holds stubbornly above $2,600 as the year draws to a close
Gold prices remain resilient, with XAU/USD holding steady above $2,600, as traders assess the implications of ongoing economic uncertainty. The precious metal’s robust performance has been buoyed by persistent inflation concerns and global geopolitical tensions, cementing its status as a safe-haven asset. Despite year-end profit-taking and lighter trading volumes, gold has demonstrated remarkable stability, shrugging […]
Silver price today: Silver falls, according to FXStreet data
Silver prices saw a dip today, reflecting a cautious market tone as traders weighed potential risks in the broader economic landscape. According to FXStreet data, the decline comes amid a recent fluctuation in precious metals, with silver falling from its recent highs as the U.S. dollar firmed and bond yields remained elevated. The drop aligns […]
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 […]
