US Dollar to Continue to Dominate Market. Forecast as of 16.01.2025
The slowdown in US core inflation, coupled with the moderately dovish rhetoric of Fed officials, has encouraged EURUSD bulls to attack. However, the market’s resilience and the strength of the…
Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 16.01.2025
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The first part of…
Gold prices hit 1-mth high after soft CPI data dents dollar
Investing.com– Gold prices rose to a one-month high in Asian trade on Thursday, tracking a drop in the dollar and Treasury yields as mildly softer consumer inflation data spurred bets…
Oil rises as US inventory decline heightens supply concerns
By Siyi Liu SINGAPORE (Reuters) -Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia, a larger-than-forecast fall in U.S. crude…
Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency
By David Lawder and Lawrence Delevingne WASHINGTON (Reuters) -Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Wednesday vowed to ensure that the dollar remains the…
Asia FX: Yen surges on BOJ rate hike bets; won unchanged after BOK hold
Investing.com– Most Asian currencies firmed slightly on Thursday, while the dollar retreated as mildly softer U.S. inflation data fueled expectations of lower interest rates. Among major regional movers, the South…
Marine fuel sales at Singapore bunker hub hit record highs in 2024
This post is originally published on INVESTING.
Oil prices extend rally on soft US inflation, concerns of tightening global supply
Investing.com– Oil prices rose in Asian trade on Thursday after hitting multi-month peaks in the previous session, driven by a combination of softer U.S. inflation data, new sanctions on Russian…
Oil rises as US inventory declines heighten supply concerns
(Reuters) – Oil prices rose for a second day on Thursday after a larger-than-expected decline in U.S. crude oil stockpiles added to supply concerns stoked by U.S. sanctions against Russian…
Column-China response key to crude oil after new sanctions on Russia: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) – “This time it’s different” is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia’s crude…
