Gold bids cooled back below $2,650, crimping the week’s gains at the tail end. Market risk appetite recovered on Friday after US ISM data improved. Fedspeak further cooled investors concerns, Fed’s Barkin soothes market concerns. XAU/USD dipped on … [Continue reading]
United States Baker Hughes US Oil Rig Count: 482 vs previous 483
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GBP/USD catches a thin rebound on Friday
GBP/USD climbed back above the 1.2400 handle on Friday. Markets pivoted into a cautiously risk-on stance to end the week. UK data broadly missed the mark on Friday, US PMI figures beat the street. GBP/USD found a thin recovery on Friday, gaining … [Continue reading]
Fed’s Barkin: We must see inflation at 2% or weakening in demand to cut rates.
Federal Reserve (Fed) Bank of Richmond President Tom Barkin delivered prepared remarks to the Maryland Bankers Association in Maryland on Friday, outlining the Fed's case for when to cut rates again, and the conditions required to do so. Fed's Barkin … [Continue reading]
Bitcoin, Ethereum options worth $2.6 billion expire with correction as a major theme this week
Bitcoin and Ethereum options, with a notional value of $1.93 billion and $710 million respectively, expired on Friday. Analysts at Greeks Live identify the theme of the market as that of correction even as traders in the US remain optimistic … [Continue reading]
Cardano Price Prediction: ADA crosses $1 as founder hints 2025 updates
Cardano’s price hit $1 on Friday, surging 31.4% in the first 3 days of 2025 to become the best-performing top 20 crypto asset. The ongoing ADA rally aligns with a recent post by Cardano’s Founder on X, suggesting upcoming product launches in 2025. … [Continue reading]
United States EIA Natural Gas Storage Change above expectations (-127B) in December 27: Actual (-116B)
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US ISM Manufacturing PMI improves to 49.3 in December vs. 48.4 expected
The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, … [Continue reading]
United States ISM Manufacturing Prices Paid registered at 52.5 above expectations (51.7) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
United States ISM Manufacturing PMI came in at 49.3, above forecasts (48.4) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]