Morning Update (14.01.2025)
📊 Positive sentiment returns in Asia
Tuesday’s Asian session shows improved sentiment after Monday’s stock market jitters. The CHN.cash index is up by an impressive 2.5% today! While detailed updates from China are scarce, Wall Street’s technical performance is boosting Asian markets.
📈 Key support levels defended in the US
The US100 index closed above its 100-day EMA yesterday, reinforcing the medium-term uptrend. Similarly, the US500 and US2000 indices held their 100-day and 200-day EMAs, respectively, highlighting strong support from buyers.
💵 US Dollar rally slows
The USD eased its gains following news that Trump’s economic team is considering gradual tariff increases, phasing them in by 2%-5% per month. This approach aims to strengthen Trump’s negotiating position without triggering sharp inflation spikes.
💹 FX market action
The Japanese yen is underperforming despite the BoJ’s Himino stating that the central bank will discuss a potential rate hike during its January 23/24 meeting, factoring in updated growth and inflation projections.
📅 Today’s economic highlights
US PPI data is in focus.
Fed speeches by Williams and Schmid may provide market insights.
💰 Bitcoin bounce back
Bitcoin is recovering, trading above $94,500 after dropping below $90,000 yesterday with a 5% slide. 🚀
🛢️ Commodities update
NATGAS: ⬇️ ~2%
WTI crude oil: ⬇️ ~0.4%
Gold: ⬆️ ~0.2%
📈 Stay tuned for more updates and have a great trading day! 🌟
Morning Update (14.01.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.