Could XRP surge to new highs in January 2025? First two days of trading suggest an upside bias
XRP has kicked off January 2025 with promising gains, fueling speculation about a potential rally in the cryptocurrency market. Over the first two trading days, the digital asset showed an upside bias, buoyed by improving sentiment among investors and ongoing developments in blockchain adoption. Analysts note that XRP’s performance could be tied to increased confidence […]
Bitcoin Price Prediction: BTC tops $97K as Microstrategy, Coinbase kick-off 2025 in green
Bitcoin has surged past the $97,000 mark, fueled by heightened institutional activity from major players like Microstrategy and Coinbase. This milestone underscores renewed investor confidence as the cryptocurrency market kicks off 2025 with bullish momentum. Microstrategy, a leading corporate Bitcoin holder, announced further acquisitions, reinforcing its long-term commitment to the asset. Meanwhile, Coinbase’s positive market […]
Meme coin market cap grew 500% in 2024, can they replicate same performance in 2025?
The meme coin market delivered an unprecedented surge in 2024, with its market cap climbing by 500%, signaling renewed investor interest in speculative digital assets. Key players like Dogecoin and Shiba Inu fueled this growth, benefiting from increased retail trading and social media hype. The expansion outpaced broader cryptocurrency market trends, drawing parallels to the […]
EUR/USD Price Forecast: Sellers may pause ahead of the weekly close
The EUR/USD pair is stabilizing after a week marked by persistent selling pressure, as investors shift focus to upcoming economic data. Following an earlier dip to multi-week lows, the currency pair found support near 1.0650, suggesting traders may be hesitant to extend bearish bets before the weekend. Analysts cite a blend of oversold conditions and […]
US Dollar Index outlook: Dollar keeps firm tone at the start of the year
The US Dollar Index (DXY) maintained a steady trajectory at the start of the year, reflecting investor confidence amid shifting global market dynamics. Following a volatile 2024 marked by rate hikes and geopolitical tensions, the dollar’s firm stance highlights its ongoing appeal as a safe-haven asset. The index, which tracks the greenback’s performance against a […]
Oil Kicks Off New Year Higher on Signs of Lower US Stockpiles
Oil prices edged higher at the start of the year, fueled by expectations of lower US crude stockpiles and optimism over global demand. Investors are betting on tighter supplies as preliminary data suggests a drawdown in inventories, signaling stronger-than-expected consumption during the holiday season. The market also remains supported by recent production cuts from OPEC+ […]
Bank of Korea governor says monetary easing this year will be flexible
The Bank of Korea’s governor, Rhee Chang-yong, has signaled a more flexible approach to monetary easing this year, highlighting the central bank’s readiness to adapt to shifting economic conditions. Speaking at a press briefing, Rhee emphasized the need to balance inflation concerns with supporting economic growth, as South Korea grapples with slowing exports and weak […]
South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows
South Korea’s manufacturing sector ended 2024 on a somber note as factory activity contracted further in December, according to the latest Purchasing Managers’ Index (PMI). The index dropped to 48.2, signaling a sharper downturn from November’s 49.1 and reflecting heightened challenges for businesses amid weakening global demand. A reading below 50 indicates contraction in activity. […]
Gold Price Forecast: XAU/USD posts modest gains above $2,600, focus on Trump policies
Gold prices climbed modestly above $2,600, supported by investor interest amid ongoing speculation about future U.S. economic policies under the Trump administration. The precious metal’s gains reflect cautious optimism in financial markets, as traders assess the potential impacts of regulatory changes and fiscal stimulus. Analysts point to gold’s resilience, even as the dollar strengthens, suggesting […]
Asia Kicks Off New Year After Ominous End to 2024: Markets Wrap
Asian markets began the new year with a mixed tone, reflecting lingering concerns from a tumultuous close to 2024. Investors remain cautious as global growth fears, inflationary pressures, and geopolitical tensions cast a shadow over market sentiment. Key indices across the region saw uneven performance, with Japan’s Nikkei 225 posting mild gains, while Hong Kong’s […]