Hot off the press — you’re hearing it here first! Your host, Rob Booker, has a very big, wild and crazy announcement for this episode! You don’t want to miss this show. Starting April 1, Rob is hitting the road, and he wants to come and visit YOU (and maybe sleep on your couch…). Listen to this episode to find out how you can participate or at least follow The Rob Booker Trade-for-a-Living Road Tour! No, Rob’s not crazy; he’s a trader!
Editors’ Picks
EUR/USD trades with mild losses near 1.0400 amid holiday quiet session
The EUR/USD pair drifts lower to around 1.0415 during the Asian trading on Friday. Trading volumes are thin as many traders are on holiday before New Year. Later on Friday, the preliminary reading of the US Goods Trade Balance for November will be released.
GBP/USD remains subdued near 1.2500 due to increased odds of fewer Fed rate cuts
GBP/USD remains subdued for the third successive day, trading around 1.2520 during the Asian hours on Friday. The downside can be attributed to thin trading activity following the Christmas holiday and a stronger US Dollar (USD), driven by growing expectations of fewer rate cuts by the US Federal Reserve (Fed).
Japanese Yen rises following Tokyo CPI inflation
The Japanese Yen (JPY) gains ground against the US Dollar (USD) on Friday. The USD/JPY pair pulls back from its recent gains as the Japanese Yen (JPY) strengthens following the release of Tokyo Consumer Price Index (CPI) inflation data.
Editors’ Picks
Japanese Yen rises following Tokyo CPI inflation
The Japanese Yen (JPY) gains ground against the US Dollar (USD) on Friday. The USD/JPY pair pulls back from its recent gains as the Japanese Yen (JPY) strengthens following the release of Tokyo Consumer Price Index (CPI) inflation data.
AUD/USD weakens to near 0.6200 amid thin trading
The AUD/USD pair remains on the defensive around 0.6215 during the early Asian session on Friday. The incoming Donald Trump administration is expected to boost growth and lift inflation, supporting the US Dollar (USD). The markets are likely to be quiet ahead of next week’s New Year holiday.
Gold price remains subdued despite increased geopolitical tensions
Gold edges lower amid thin trading following the Christmas holiday, trading near $2,630 during the Asian session on Friday. However, the safe-haven asset could find upward support as markets anticipate signals regarding the US economy under the incoming Trump administration and the Fed’s interest rate outlook for 2025.
Floki DAO floats liquidity provisioning for a Floki ETP in Europe
Floki DAO — the organization that manages the memecoin Floki — has proposed allocating a portion of its treasury to an asset manager in a bid to launch an exchange-traded product (ETP) in Europe, allowing institutional investors to gain exposure to the memecoin.
2025 outlook: What is next for developed economies and currencies?
As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.
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