Bridget
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US Dollar climbs on robust NFP results, rises to multi-year highs
December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across most major currency pairs. The Dollar Index (DXY),
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US Dollar ticks higher as Gilts wobble under inflation pressure, eyes on NFPs
Traders remain alert to potential Chinese stimulus effects, though the US Dollar’s upward trajectory looks steady on Thursday. Intensifying concerns over rising consumer prices triggered a mini-crisis in Gilts, enhancing safe-haven demand for the USD. Steady labor market data, cautious FOMC Minutes,
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Bitcoin (BTC/USD) Breaks $100k: MicroStrategy Buys, Trump Effect, and Elon Musk’s X Factor
Bitcoin breaches $100k mark amidst positive sentiment and MicroStrategy’s buying spree. Whale activity and ETF inflows signal renewed institutional interest in Bitcoin. Elon Musk’s X platform plans to introduce payments feature, potentially boosting crypto adoption. Technical analysis suggests Bitco
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GBP/USD Price Forecast: Trades near 1.2350 after rebounding from nine-month lows
GBP/USD has retreated into the descending channel pattern, signaling a dominant bearish bias. The pair could test the nine-month low at 1.2321, recorded on Wednesday. The immediate resistance appears at the descending channel's upper boundary, near the nine-day EMA at 1.2447. The GBP/USD pair remain
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Fed's Waller: Will support further cuts in 2025 but pace will depend on inflation progress
Federal Reserve Governor Christopher Waller said on Wednesday that he will support additional rate cuts in 2025 but the pace will depend on further inflation progress, per Reuters. Key takeaways "Inflation will continue to make progress towards 2%." "Economy overall on solid footing, nothing to sugg
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Flash inflation for December shows slight increases, except for Slovakia
On the radar Flash inflation rate in Eurozone arrived at 2.4% y/y in December. December’s flash inflation in Croatia landed at 3.4% y/y. Unemployment rate in Romania landed at 5.3%. There are no other releases scheduled for today. Economic developments In the Eurozone, annual inflation is expected t
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SoFi Technologies (SOFI) Should Pullback To Offer Next Buying Opportunity
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. In last article, SOF
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USD/JPY continues to fall toward 156.00 as traders expect BoJ to raise rates in January
USD/JPY depreciates as traders assess the market sentiment of the BoJ raising interest rates in January. The Japanese Yen is set to decline more than 10% against the US Dollar in 2024. US Treasury yields fell by approximately 2% with 2-year and 10-year yields at 4.24% and 4.53%, respectively, on Mon
Pull-up Update
