{
}
Jerome Powell, chairman of the US Federal Reserve, will be a focal point in the upcoming week as Wall Street seeks to recover from a mixed performance. Market participants are closely monitoring the Fed's actions and statements for insights into future economic direction.
John E. Deaton advocates for merging the SEC and CFTC to streamline crypto regulations, arguing that a unified regulator would reduce confusion and enhance competitiveness in global markets. This proposal is supported by figures like Elon Musk and Congressman John Rose, who aims to foster collaboration through a Joint Advisory Committee on Digital Assets. Deaton emphasizes the need for clarity in regulatory frameworks, particularly in light of conflicting classifications of assets like XRP.
US stocks declined following mixed inflation reports and rising jobless claims ahead of the FOMC meeting. The ASX 200 also pulled back as strong labor data diminished expectations for an RBA rate cut. Key economic indicators are set for release next week, including US retail sales and central bank meetings in Australia, Japan, and the UK.
Wall Street paused amid a higher-than-expected US producer price index and weaker jobless claims, yet a year-end rally remains possible. Key events include the Fed's anticipated 25 bp rate cut, the BoJ's potential rate hike with dovish guidance, and the BoE's expected hold at 4.75%. Additionally, the US core PCE price index is projected to rise to 2.5% in November.
Ethereum's price surged to $3,919, driven by bullish inflows and market optimism following the U.S. Consumer Price Index (CPI) data for November, which showed inflation at 2.7%. This aligns with expectations and raises hopes for a 25-basis-point rate cut by the Federal Reserve, favoring risk-on assets like Ethereum as investors seek higher returns.
Swiss authorities are set to release a crucial report on their oversight of Credit Suisse's collapse, which led to its acquisition by UBS in 2023. The findings are expected to prompt discussions on stricter regulations for systemic banks, particularly regarding capital requirements, despite UBS's resistance. Early leaks indicate that FINMA and the Swiss National Bank may face scrutiny for their inaction, potentially reshaping the regulatory landscape without direct consequences for UBS.
The Nasdaq remains in a strong uptrend, with key support levels at 19,000 and 21,000, despite potential rate cut implications from core CPI data. The ASX 200 faces fluctuations influenced by China's stimulus and the RBA's dovish stance, with a possible pullback to 8200 if support at 8350 is breached.The Australian dollar is under pressure, trading below $0.64, while Bitcoin recently peaked at 103,000 but is expected to pull back to around 90,000, with year-end predictions around 95,000. Gold's rally is inconsistent, with traders eyeing buying opportunities near the 200-day moving average around 2500.
Dogecoin has experienced a price pullback, remaining in a consolidation phase after a recent rally. Analysts remain optimistic, with predictions suggesting a potential rise to $3 in the short term and $18 in the long run, despite current market challenges. Key support levels and technical patterns indicate a possible bullish breakout, although risks persist with the formation of a head and shoulders pattern.
UBS outlines a potential new trade war timeline for 2025, divided into phases: the "tweet phase" is ongoing, followed by the "imposition phase" starting in Q1, where tariffs will be legally prepared, and the "impact phase" from Q2, affecting trade volumes and economic growth. Ongoing negotiations are expected, with global market responses shaping the conflict's trajectory. Emerging market currencies, particularly the yuan, may face volatility, while extensive tariffs could risk stagflation, although moderate inflation is anticipated.
MicroStrategy has purchased 21,550 Bitcoin for $2.1 billion at an average price of $98,783 each, bringing its total holdings to 423,650 BTC valued at $25.6 billion. Co-founder Michael Saylor remains bullish, predicting he will buy Bitcoin even at $1 million per coin and urging the U.S. government to sell its gold reserves to invest in Bitcoin as a hedge against inflation.
End Federal Reserve USD
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Federal Reserve's pivotal role in upcoming market developments
16:00 15.12.2024
call for sec cftc merger to streamline crypto regulations
United States Dollar
End Federal Reserve USD
USA
John Deaton
John Rose
Perianne Boring
Gary Gensler
Elon Musk
Vivek Ramaswamy
Show more
08:18 14.12.2024
US Stocks Decline as Inflation Data and Jobless Claims Impact Markets
United States Dollar
End Federal Reserve USD
Nikkei 225
Westpac Banking Corp
Swiss National Bank
Royal Bank of Canada
Bank of Japan
USA
AUS
CHN
JPN
Jerome Powell
Kazuo Ueda
Show more
05:19 13.12.2024
Key Central Bank Decisions and Economic Indicators to Watch This Week
Japanese Yen
British Pound Sterling
United States Dollar
Bank of England
Bank of Japan
End Federal Reserve USD
USA
GBR
JPN
Andrew Bailey
Jerome Powell
Kazuo Ueda
Show more
04:59 13.12.2024
ethereum price surges to 3919 amid bullish market sentiment and inflation data
18:30 12.12.2024
Swiss Authorities Prepare Report on Credit Suisse Collapse and Regulatory Reforms
United States Dollar
Euro
Credit Suisse High Yield Bond Fund, Inc.
End Federal Reserve USD
CHE
Donald Trump
Scott Bessent
Janet Yellen
Show more
07:02 11.12.2024
market trends and predictions for nasdaq asx 200 and bitcoin
05:47 11.12.2024
analysts predict dogecoin could surge to 18 despite recent price drop
13:17 10.12.2024
potential trade war timeline and economic implications outlined by analysts
United States Dollar
Chinese Yuan
End Federal Reserve USD
Donald Trump
Joe Biden
Elon Musk
Show more
15:15 09.12.2024
MicroStrategy purchases 21550 Bitcoin at peak prices amid bullish outlook
14:47 09.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Domestic Politics
Retail and Consumer Goods
CEO Changes
Global Trade Developments
Government Policies
Startups & Entrepreneurship
Market Analysis and Predictions
Workplace Trends
Elections & Campaigns
Central Bank Actions
Government Economic Policies
Supply Chain Management
Hedge Funds & Private Equity
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
JPMorgan Chase & Co.
Apple Inc.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
Barclays PLC
Credit Suisse Strategic Income I
CREDIT AGRICOLE
Amazon.com, Inc.
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
The Goldman Sachs Group, Inc.
UBS Group AG
Banco Santander, S.A.
Credit Agricole
Berkshire Hathaway Inc.
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Japanese Yen
Indian Rupee
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Singapore Dollar
Canadian Dollar
Australian Dollar
Norwegian Krone
Filipino Peso
Mexican Peso
Indonesian Rupiah
Vietnamese Đồng
Thai Baht
Danish Krone
People: