Market Drivers – US Session, January 15The firm demand for the dollar encouraged the USD Index to add to last Friday’s gains on the back of the resurgence of risk aversion bolstered by geopolitical concerns, particularly in the Middle East. The DXY has extended its consolidative theme in place since …

Gold price surged due to geopolitical risks in the Middle East. Market expectations of Fed rate cuts in 2024 have boosted Gold’s appeal against a weakening Dollar. The ongoing geopolitical tensions increased risk aversion, with the US and UK retaliating against Iran-backed groups. The US Fed’s increasing odds of cutting …

On Monday, European equities generally lost ground, with the STOXX600 falling by 0.5 percent. In November, the Eurozone’s Industrial Production declined once more. The ECB’s aspirations for rate change continue to be met with a stiff wall from policymakers.To start the new trading week, global market indexes dropped and European …

WTI is in the red territory after losing -0.39% on Monday, hovering around $72.50. The fundamentals for crude oil are still weakening, and output is still going strong worldwide. The supply routes between Europe and Asia are still being impeded by the Houthi rebels. Earlier on Monday, US crude oil …

In order to prevent “a fairly significant decline in growth rates,” China must implement fundamental reforms, the chief of the International Monetary Fund cautioned on Monday. At the World Economic Forum in Davos, Switzerland, Kristalina Georgieva told US media outlets that China was confronting both immediate and long-term difficulties.She claimed …

US Treasury Secretary Janet Yellen has cautioned that the dollar’s hegemony in the world may be threatened by economic sanctions imposed on nations including Russia. According to her, there’s a chance that the dollar’s hegemony will be weakened over time if financial sanctions are tied to it. She did, however, …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the most prominent developments in the financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the US stock market, which …

The key state Iowa is set to have its GOP Caucus votes this Monday evening, with Trump expected to win. Despite continuing tensions in the Middle East and Asia, the US dollar is up 0.14%, trading at 102.580. This week’s reports on Michigan consumer sentiment and US retail sales have traders …

The earnings season kicked off with a slow start, with the KBW Bank stock index experiencing a 3.1% decline and the 10-year Treasury yield dropping from 4.1% to 3.9%. The Magnificent 7 led the rally with a 4.3% gain, while the equal-weighted S&P 500 saw a 0.3% increase. Investors were …

US stocks initially rallied on Friday after the US Producer Price Index (PPI) declined faster than market models predicted, despite Thursday’s CPI showing unexpectedly accelerated consumer inflation in December. The monthly PPI for December fell by 0.1%, in line with the previous month’s -0.1% decline, missing the median market forecast …