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Monday, January 6, 2025

American Market Recap | Crude oil settles at $73.56

Crude oil settles at $73.56

Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0... 

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How Bank of America sees the China trade unfolding in 2025

Bank of America writes about its China outlook for the year ahead and says: "We advise investors to stay vigilant, start defensive (high yield value) in early 2025, and add quality beta on major corre... 

Bitcoin back above $100,000. What next technically speaking?

The price of Bitcoin fell below a swing area and 38.2% retracement between $92,092 and $92,442 and did the same thing on December 31. Both breaks failed. The inability to extend and stay below that le... 

US equities lose altitude after a strong start

There has been a round trip in a number of risk assets on the Trump tariff story and the subsequent denial. Stock markets have largely held up but that could be changing as we enter the latter parts o... 

EURUSD confined in a narrow range after sharp run higher stalls. What next for the pair?

The EURUSD moved sharply higher earlier today helped by the Washington Post article on the Trump tariffs. The news was more dovish and less inflationary and the USD and yields moved lower. For the EUR... 

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FX option expiries for 6 January 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.0300 level. The expiries there might help to keep a bit of a floor on price action in the session... 

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