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EUR/USD struggles to hold above 1.0400 as mood sours
EUR/USD stays on the back foot and trades near 1.0400 following the earlier recovery attempt. The holiday mood kicked in, keeping action limited across the FX board, while a cautious risk mood helped the US Dollar hold its ground and forced the pair to stretch lower.
GBP/USD approaches 1.2500 on renewed USD strength
GBP/USD loses its traction and trades near 1.2500 in the second half of the day on Monday. The US Dollar (USD) benefits from safe-haven flows and weighs on the pair as trading conditions remain thin heading into the Christmas holiday.
Gold hovers around $2,610 in quiet pre-holiday trading
Gold struggles to build on Friday's gains and trades modestly lower on the day near $2,620. The benchmark 10-year US Treasury bond yield edges slightly higher above 4.5%, making it difficult for XAU/USD to gather bullish momentum.
Bitcoin fails to recover as Metaplanet buys the dip
Bitcoin hovers around $95,000 on Monday after losing the progress made during Friday’s relief rally. The largest cryptocurrency hit a new all-time high at $108,353 on Tuesday but this was followed by a steep correction after the US Fed signaled fewer interest-rate cuts than previously anticipated for 2025.
DEEPER DIVE
Will China’s policy shifts finally deliver for investors in 2025?
In 2024, Chinese equities failed to stage a real rebound. Despite a brief rally in Chinese equities following the stimulus announced in September, two-thirds of the gains were erased by the end of November. This reflects the deep structural issues facing the economy.
How different will 2025 be from 2024?
2024 is coming to an end, but political and economic uncertainties persist and are expected to continue into 2025, albeit in new forms. Donald Trump’s economic agenda is known. The measures that will actually be implemented, their timing and economic impact are among the great known unknowns of 2025.
Will Federal government spending be slashed in 2025?
The next administration and Congress will take office in January, and one of the numerous policy changes under discussion is reducing federal spending. In this report, we take a deep dive into the composition of federal government spending and employment.
CRYPTOCURRENCIES
Litecoin Price Prediction: LTC tries to retake $100 resistance as miners halt sell-off
Litecoin price grazed 105 mark on Monday, rebounding 22% from the one-month low of $87 recorded during last week’s market crash. On-chain data shows sell pressure among LTC miners has subsided. Is the bottom in?
Bitcoin fails to recover as Metaplanet buys the dip
Bitcoin price struggles around $95,000 after erasing gains from Friday’s relief rally over the weekend. Bitcoin’s weekly price chart posts the first major decline since President-elect Donald Trump’s win in November.
SEC Commissioner Hester Pierce sheds light on Ethereum ETF staking under new administration
In a Friday interview with Coinage, SEC Commissioner Hester Peirce discussed her optimism about upcoming regulatory changes as the agency transitions to new leadership under President Trump’s pick for new Chair, Paul Atkins.
STOCKS
Amgen stock gains on Novo Nordisk's weightloss drug blunder Premium
Amgen stock gained more than 2% in Friday’s morning session after foreign weightloss drug competitor Novo Nordisk (NVO) plunged following the results of new drug testing.
S&P 500: 2024 stars, flops, and what's hot for 2025
As 2024 ends, US equities have had a stellar year, with the S&P 500 delivering a 24% return in USD terms. Diving deeper into the index, the biggest winners and losers tell a story of significant market trends and investment themes that will likely remain relevant into 2025.
WEEKLY FORECAST
EUR/USD: Federal Reserve’s decision on rates to dominate headlines Premium
The European Central Bank trimmed interest rates as expected in November. The Federal Reserve will decide on monetary policy next Wednesday. EUR/USD bearish case prevailed throughout the week despite limited directional momentum.
GBP/USD: Pound Sterling surrenders gains as US Dollar extends rally Premium
The Pound Sterling hit three-week highs against the US Dollar but then corrected. GBP/USD gears up for the Fed and BoE policy announcements, the grand finale for 2024. Pound Sterling buyers will likely stay reluctant below the key 200-day SMA at 1.2820.
US Dollar: King for longer? Premium
The greenback—tracked by the DXY—started the new year with a gradual yet choppy ascent, encountering temporary resistance around the 106.50 region in May. However, it lost momentum afterward, leading to a significant pullback toward the psychological 100.00 mark by late September.
Gold: Is another record-setting year in the books in 2025? Premium
Gold benefited from escalating geopolitical tensions and the global shift toward a looser monetary policy environment throughout 2024, setting a new all-time high at $2,790 and rising around 25% for the year.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Week ahead – No festive cheer for the markets after hawkish Fed
US and Japanese data in focus as markets wind down for Christmas. Gold and stocks bruised by Fed, but can the US dollar extend its gains? Risk of volatility amid thin trading and Treasury auctions.
