Market Update

The Suez Canal Authority (SCA) Chairman Osama Rabie has urged AP Moller-Maersk to reassess its shipping routes through the Red Sea, citing emerging signs of stability in the region, according to an official SCA statement. Key Developments: Rabie’s remarks came during a meeting with Maersk’s CEO and senior executives, though …

European stock markets rose slightly on Friday, supported by the European Central Bank’s (ECB) interest rate cut, while investors assessed corporate earnings and inflation data across the region. Germany’s DAX gained 0.1%. France’s CAC 40 rose 0.2%. UK’s FTSE 100 climbed 0.2%. Key Market Drivers 1. ECB Rate Cut Fuels …

Bitcoin edged lower on Friday, facing a muted weekly performance as investor sentiment remained cautious over U.S. trade tariffs under President Donald Trump. The market also awaited key PCE inflation data, which could shape expectations for Federal Reserve interest rate policy. Bitcoin (BTC) fell 1.1% to $104,379.6 by 00:33 ET …

Oil prices edged higher in Asian trade on Friday, benefiting from dip buying, but remained on track for their second consecutive week of losses. Investors remained cautious over trade tariffs under U.S. President Donald Trump, which could disrupt global demand, particularly in China. Brent crude (March contract): +0.4% at $77.21 …

The US dollar declined under pressure from soaring gold prices, which approached record highs after benefiting from a decline in US Treasury yields due to US data released on Thursday.The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to 107.99 points, …

Bitcoin (BTC) experienced a notable price surge, exceeding $105,000, after the Federal Reserve opted to maintain its current interest rate levels. A significant catalyst for this upward movement was Federal Reserve Chairman Jerome Powell’s commentary regarding the role of banks in serving cryptocurrency clients.Powell’s Words and Market RepercussionsPowell stated that …

Dollar Holds Steady Amid Fed Pause and PCE AnticipationThe US dollar traded cautiously lower, influenced by declining US Treasury yields and ongoing analysis of the Federal Reserve’s recent policy decision. Market participants are keenly focused on the upcoming release of the Personal Consumption Expenditures (PCE) Price Index, which is expected …

The Core Personal Consumption Expenditures (PCE) Price Index, a key inflation indicator closely monitored by the Federal Reserve, is set to be released alongside other significant economic data. This data will potentially influence market sentiment and trading activity. The Core PCE measures changes in the prices of goods and services …

The Dow Jones Industrial Average (DJIA) navigated a week of conflicting signals, ultimately maintaining a bullish bias near record highs. While the index hovered around 44,800, absorbing a wave of corporate earnings and economic data, the prevailing narrative reveals a market wrestling with both promising opportunities and looming uncertainties, especially …

The US dollar weakened following the release of fourth-quarter GDP figures, which fell slightly short of expectations. This softer economic data, coupled with the European Central Bank’s (ECB) anticipated rate cut, has left the US Dollar Index (DXY) searching for direction below the 108.00 level. Market attention now turns to …