Yearly Archives: 2024
Markets Steady as Bitcoin Hits $90K, Gold Rebounds

Written on November 18, 2024 at 7:26 am, by
Market Summary Bitcoin surged past $90,000, with a 30% rally since the U.S. election and the crypto market cap exceeding $3 trillion. However, momentum has slowed as investors digest earlier gains. Meanwhile, gold prices rebounded on renewed safe-haven demand driven by trade and political uncertainties, providing support despite pressure from higher Treasury yields. The DollarContinue Reading
Initial Jobless Claims Fuels Dollar

Written on November 18, 2024 at 7:25 am, by
Market Summary The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May. This suggests a resilient job market, potentially leading to stickier inflation and increasing the likelihood of a more hawkish Fed stance in the upcoming monetaryContinue Reading
Initial Jobless Claims Fuels Dollar

Written on November 18, 2024 at 7:25 am, by
Market Summary The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May. This suggests a resilient job market, potentially leading to stickier inflation and increasing the likelihood of a more hawkish Fed stance in the upcoming monetaryContinue Reading