December 16, 2024
Fed rate view in focus as robust stocks year draws to close
A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank’s guidance on interest rate cuts. The Nasdaq Composite index breached 20,000 for the first time ever in the past week, another milestone for equities in a year during which […]
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December 16, 2024
Oil up 2%, settles at 3-week high
Oil prices climbed about 2% on Friday to settle at a three-week high, on expectations that additional sanctions on Russia and Iran could tighten supplies and that lower interest rates in Europe and the U.S. could boost fuel demand. The Oil-Dollar pair rose 1.5% in the last session after gaining as much as 1.9% during […]
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December 16, 2024
Bitcoin’s $19.8B options expiry is coming up
Bitcoin investors are bracing for the $19.8 billion options expiry scheduled for December 27th. The recent rally above $100,000 has caught bearish investors off guard, creating an opportunity for bullish traders to capitalize and potentially fuel a new Bitcoin all-time high. The Bitcoin-Dollar pair exploded 1.9% in the last session. The MACD is giving a […]
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December 13, 2024
Gold slides, down over 1% on profit-taking
Gold slipped over 1% as investors booked profits after it briefly reached a five-week high earlier in the session and squared positions ahead of a U.S. Federal Reserve meeting next week. The Gold-Dollar pair fell 1.2% in the last session after a 1.5% intra-session dip. The Stochastic indicator is giving a positive signal.Support: 2613.5 | […]
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December 13, 2024
Wall Street dips as investors digest data after strong rally
Wall Street edged lower as investors assessed key economic data ahead of the Federal Reserve’s meeting next week. The S&P 500 climbed to its highest level in nearly a week, as an inflation report cemented bets on a 25-basis-point rate cut at the Fed’s December 17-18 meeting.
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December 13, 2024
Dollar higher on fresh inflation data, euro lower
The U.S. dollar rose after a hotter than expected inflation readout while the euro traded a touch lower following the European Central Bank’s decision to cut interest rates for the fourth time this year. The European Central Bank cut interest rates for the fourth time this year and kept the door open to further easing […]
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