UK inflation market
This morning’s slate of UK inflation data will likely come as a significant relief to Bank of England Governor Bailey, and to beleaguered Chancellor Reeves. The data showed headline prices rose 2.5% YoY in December, a touch below market expectations, albeit in line with the Bank’s November forecasts. Meanwhile, underlying inflation metrics pointed to price […]
Will Bitcoin Hit $120,000
Bitcoin is currently trading around the $94,800 level today, Tuesday, within a bearish technical pattern, after briefly dropping below $90,000 yesterday. In my opinion, this retracement signals normal market volatility typically seen with Bitcoin, which reflects the market’s response to several economic factors. One of the primary factors behind this move is profit-taking after Bitcoin […]
Current Market Analysis
Despite the USD seeing such strong upside momentum throughout Q4 and into the New Year, gold has shown remarkable resilience, steadily climbing back to $2700. This underscores the metal’s renewed safe-haven appeal, which appears to outweigh its non-yielding nature and has been a key driver of bullish momentum. Several headwinds have recently emerged for gold. […]
China’s Economic Recovery Could Support Oil Prices
Crude oil futures could see better prospects as traders return from the holiday break, focusing on a potential recovery in China’s economy and fuel demand. President Xi Jinping’s pledge to implement growth-supportive policies in 2025 has prompted market participants to assess the broader economic outlook. With China being the world’s largest oil importer, a recovery […]
