Daily summary: Bitcoin gains 3.20%; USD Dollar ends the year strong 💵

2:57 PM 31 December 2024
  • U.S. indices are gaining during the final trading session of the year. Risk appetite is slightly more noticeable after the holiday sell-off, with gains also seen in the cryptocurrency market. The US500 is up 0.40%, the US100 has risen by 0.45%, and small-cap companies in the US2000 index are leading with a 0.65% increase.

  • Real Estate Price Index (YoY): actual: 4.5%; forecast: 4.6%; previous: 4.4%. The U.S. real estate price index shows slightly slower growth than expected. The data triggered a minor movement in the EURUSD pair.

  • The USDJPY pair initially lost some bullish momentum, dropping below the 158-yen zone, leaving a 2.5% gap from the local highs recorded in July. However, in the latter half of the day, the pair recovered its losses, climbing back above 157.0000 JPY per USD.

  • Sangamo Therapeutics (SGMO.US) is down over 54% after Pfizer announced the termination of its collaboration and licensing agreement with the company for the development of a new gene therapy for hemophilia A. The decision surprised both the market and analysts.

  • The final Forex session of the year is marked by dollar strength. The USDIDX is up 0.11%, with the NZD (-0.57%) and AUD (-0.37%) losing the most against the dollar. The exception is the Japanese yen, which has rebounded by 0.05% against the USD.

  • Most precious metals are gaining, led by platinum (+1.08%), followed by gold (+0.3%) and palladium (+0.22%). However, silver remains in correction territory (-0.33%).

  • The cryptocurrency market is experiencing a strong rebound after recent sell-offs. Bitcoin is up 3.30% to $95,700, and Ethereum has gained 2.30% to $3,420. Similar increases are observed across altcoins.

  • Natural gas (NATGAS) is undergoing a significant correction (-4.4%), while Brent and WTI crude are both up approximately 0.25%.

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