Market Update

On January 20, 2025, President-elect Donald Trump will officially take office after winning the 2024 presidential election. This calls for a closer look at the key policies expected to be implemented by the Republican president upon assuming power. Trump’s policies primarily focus on imposing more protectionist measures, including tariffs on …

On Thursday, the USD/CAD pair declined as the American currency pressured its Canadian counterpart, benefiting from the rise in global oil prices.The pair fell to 1.4015 compared to the previous day’s close of 1.4030. It reached its highest level on Thursday at 1.4031 and its lowest at 1.3998.Oil prices recovered …

The euro ended Thursday’s trading on a downward trend, affected by pressure from the rising US dollar and anticipation of eurozone inflation data, which is expected to shed more light on the European Central Bank’s future monetary policy path.The EUR/USD pair fell to 1.0551 compared to the previous day’s close …

The US dollar continues to seek further gains during the Thanksgiving holiday, but it has not been able to achieve significant increases due to lower liquidity levels in the markets during the US market closure.The Dollar Index, which provides a clear picture of the US currency’s performance against a basket …

Shares of key global semiconductor equipment manufacturers surged on Thursday following reports that the U.S. is considering a less stringent approach to its sanctions on China’s chip industry. This potential shift in policy has sparked optimism among industry players, particularly those heavily reliant on the Chinese market.Among the biggest beneficiaries …

European shares staged a comeback on Thursday, buoyed by a strong performance in the tech sector, even as broader concerns about U.S. trade policy and France’s political instability lingered. Key Highlights Tech Sector Outperforms: The STOXX 600 index rose by 0.6% in early trading, led by the technology sector, which …

The OPEC+ coalition is set to convene virtually on December 5, marking its third consecutive online session. While in-person meetings were previously held at the Vienna headquarters, logistical and geopolitical factors seem to favor the virtual format. Key Highlights and Agenda Virtual Meeting Format: No formal invitations or plans for …

The U.S. dollar stabilized on Thursday as currency markets reacted to a series of global interest rate changes and economic data releases. Notable movements included the South Korean won softening after an unexpected rate cut and the Japanese yen positioning for its strongest week in three months. Key Currency Highlights …

Bitcoin extended its rally on Thursday, fueled by speculation that the incoming Trump administration will introduce more favorable cryptocurrency regulations. The cryptocurrency surged 3.1% to $95,645 by early trading hours, continuing its recovery toward the psychologically significant $100,000 milestone. Key Drivers Behind Bitcoin’s Rise Regulatory Shift to CFTC: Reports suggest …

Gold prices faced slight declines during Thursday’s Asian trading session, reflecting market uncertainty over the Federal Reserve’s rate-cut trajectory. The robust U.S. economy and persistently high inflation have tempered expectations for aggressive monetary easing in the near future. Key Factors Driving Gold Prices U.S. Economic Data: The Personal Consumption Expenditures …