President and CEO of Puplava Financial Services, Jim Puplava, joins Merlin to talk about how advancements in technology have changed our communications and financial landscape. The duo also look at some of the factors that are driving the markets to lofty levels, and the potential obstacles which may push us back into recession.
Editors’ Picks
EUR/USD recovers above 1.0400 after US inflation data
EUR/USD gathers recovery momentum and trades above 1.0400 on Friday. The data from the US showed that the core PCE Price Index rose 0.1% on a monthly basis. This reading came in below the market expectation of 0.3% and weighed on the USD.
GBP/USD climbs to 1.2550 area on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and trades near 1.2550. The US Dollar struggles to find demand following the softer-than-forecast PCE inflation data, helping the pair edge higher heading into the weekend.
USD/JPY dips to test a previous top at 156.60 following hot Japanese inflation
The Yen trims some losses following higher than expected inflation levels in Japan. The hot inflation figures have increased hopes of a BoJ hike in January. Technically, the pair is correcting lower, after having reached strongly overbought levels.
Editors’ Picks
EUR/USD recovers above 1.0400 after US inflation data
EUR/USD gathers recovery momentum and trades above 1.0400 on Friday. The data from the US showed that the core PCE Price Index rose 0.1% on a monthly basis. This reading came in below the market expectation of 0.3% and weighed on the USD.
GBP/USD climbs to 1.2550 area on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and trades near 1.2550. The US Dollar struggles to find demand following the softer-than-forecast PCE inflation data, helping the pair edge higher heading into the weekend.
Gold price holds above $2,600 as US yields edge lower
Gold stays in positive territory above $2,600 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD hold its ground in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
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