WTI consolidates after the overnight pullback from a nearly three-month high. Concerns about weak demand from China and rising oil supply cap the upside. Worries about tighter Russian and Iranian supply support to the commodity. West Texas Intermediate (WTI) US Crude Oil prices struggle for a firm intraday direction on Tuesday and oscillate in a…
Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of new US tariffs. Despite these gains, Dollar’s performance against other currencies, including Yen and commodity-linked peers, was more muted. Consolidations…
Advertisement     The price of Bitcoin continued its rebound on Friday, with the world’s largest and oldest crypto inching closer to the much-coveted $100,000 level. BTC registered an impressive rally in 2024, largely due to the BlackRock-spurred Wall Street Bitcoin revolution and Donald Trump’s shock victory on Nov. 6. Now, a popular investor…
The US dollar started 2025 strong, reaching a two-year high, while US equities were disappointing due to a lackluster Santa Rally. Global equity funds saw an 86% drop in inflows compared to the previous week, attributed to rising bond yields and potential portfolio rebalancing. The week ahead focuses on the US NFP jobs report and…
In focus today From the US, the ISM Manufacturing index for December is due for release. The latest PMI survey and hard industrial production data have pointed towards subdued output growth. In the evening, Richmond Fed’s Barkin will be on the wires. In yesterday’s version, we incorrectly stated that we expect the Bank of Japan…
January 2, 2025January 2, 2025 According to a report by the Washington Post, Chinese government hackers breached the U.S. Treasury office, which was responsible for economic sanctions. Chinese hackers breached the U.S. Treasury’s Office of Foreign Assets Control and Office of Financial Research and targeted…
January 1, 2025January 1, 2025 Chinese President Xi Jinping emphasised that no one can stop China’s reunification with Taiwan and affirmed the continuation of its “united front” efforts. In his New Year’s message, Xi Jinping emphasised China’s goal of strengthening international cooperation, promoting mutual understanding,…
US equities experience volatility amid tech and growth stock fluctuations, ending the Santa Rally week with marginal gains. Japanese Yen strengthens due to expected Bank of Japan policy changes, while US Dollar continues its advance. Key data releases next week include Chinese PMI data and US manufacturing PMI, with market focus on potential economic recovery…
Another quiet holiday week looms for financial markets. Manufacturing PMIs, including the US ISM, are the only highlight. But rising US yields and sliding yen may spark New Year’s fireworks. Manufacturing PMIs in the spotlight The mid-week market closure in celebration of New Year’s Day across much of the world has left little space for…
December 27, 2024December 27, 2024 China has approved the construction of a mega dam in Tibet, which is expected to generate three times the power of the world’s largest hydropower plant, the Three Gorges Dam, but could reduce water flow in the Brahmaputra River. China has approved the construction…