The Euro continued its downward spiral, hitting a new ten-week low on Monday. The currency depreciated by 0.25% against the US Dollar, breaching the 200-day Exponential Moving Average (EMA). This decline reflects the overall strengthening of the US Dollar and the weakening Euro.Investors are eagerly awaiting the release of the …

Citi Research has significantly increased its oil price forecast, predicting Brent crude to reach $120 per barrel by late 2024 and early 2025, primarily driven by escalating tensions in the Middle East.While this bullish outlook has garnered attention, Citi’s baseline forecast remains more conservative, projecting Brent crude prices at $74 …

The European Central Bank is poised to make another interest rate cut this Thursday, just a few weeks after the last one. However, there are some compelling reasons why this move might be too risky.First, core inflation has been declining in part due to indirect effects of falling energy prices. …

Global financial markets closed the week ending on Friday, October 11, with risk assets advancing over safe haven assets after US inflation data that highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

Global financial markets ended the week ending October 11 with risk assets prevailing over safe haven assets after successive batches of US inflation data highlighted a decline in price growth that would weigh heavily on interest rate cuts in the coming period. Markets are also awaiting developments in monetary policy …

The second week of October trading began with optimism in North American equity markets despite increased Middle East tensions, ongoing war in Ukraine, a stronger than expected American economy, and weaker than expected numbers from China. China: The National Development & Reform Commission (NDRC), China’s state planner, stated that the …

The USD/JPY pair is currently trading within a narrow range of 148.00 to 149.50, indicating a period of consolidation. While there is a slight upward bias, the pair has not yet broken out of this range. From a technical perspective, the momentum is currently bullish, but the Relative Strength Index …

The S&P 500 and the Dow Jones Industrial Average reached new all-time highs on Friday, driven by a confluence of factors, including strong financial sector earnings, expectations of a Federal Reserve interest rate cut, and a generally positive economic outlook. Strong Bank Earnings: JPMorgan Chase and Wells Fargo: These two …

The Dow Jones Industrial Average (DJIA) continued its impressive ascent, reaching a fresh all-time high on Friday as investors cheered a combination of favorable economic indicators and robust corporate performance. The benchmark index closed the day with a gain of over 400 points, reflecting a growing optimism about the overall …

Dollar Remains Resilient Amidst Mixed Economic SignalsThe US Dollar continued to exhibit remarkable strength on Friday, even as mixed economic data emerged. While the Producer Price Index (PPI) for September came in slightly hotter than anticipated, suggesting persistent inflationary pressures, the preliminary reading of the University of Michigan Consumer Sentiment …