December 19, 2024
Oil up after US crude stocks fall, Fed’s 2025 outlook curbs gains
Oil prices settled higher after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace of cuts. The Oil-Dollar pair rose 0.8% in the last session. The Stochastic indicator is giving a positive signal.Support: 68.43 | Resistance: 71.91
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December 19, 2024
Tether USDT trading continues across Europe despite Coinbase delisting
Cryptocurrency exchanges in Europe are continuing to support Tether’s USDt stablecoin, even after Coinbase announced its delisting for European customers to comply with upcoming regulatory requirements. Top exchanges, including Binance, Crypto.com and Kraken, have retained trading support for Tether’s USDt. After a 2.7% dip during the last session, the Bitcoin-Dollar pair closed with a 1.2% […]
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December 19, 2024
Stocks decline after Fed cuts rates as expected
U.S. stocks fell, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signaled a slower pace of cuts next year. The Fed cut rates by 25 basis points to the 4.25%-4.50% range. The U.S. Federal Reserve cut interest rates and signaled […]
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December 18, 2024
Gold retreats as traders see slower Fed rate cuts in 2025
Gold slipped under pressure from a strengthening U.S. dollar and climbing Treasury yields as investors focused on the Federal Reserve’s final policy meeting of the year with growing expectations of a gradual pace of rate cuts in 2025. The Gold dipped a slight 0.2% against the Dollar in the last session. The RSI is giving […]
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December 18, 2024
Dollar strengthens after strong retail sales data
The U.S. dollar strengthened against major currencies following better-than-expected retail sales data that showed underlying economic momentum and as markets braced for interest rate moves from the Federal Reserve and other central banks.
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December 18, 2024
2024 the ‘year of the bond’ as record inflows top $600 billion
Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025. Dwindling inflation has finally allowed central banks to lower interest rates, pushing investors to lock in the relatively high yields
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