US Treasury bond yields have shifted upward since the start of Thursday’s trading session on Wall Street. This change comes after preliminary employment indicators sparked speculation that the Federal Reserve may maintain interest rates at elevated levels for some time.The US Challenger Job Cuts Index recorded a decline to 63,816 …
Read More »Gold surges after ECB’s interest rate cut
Gold trades 0.74% higher as bets the Fed will cut rates in September remain elevated despite strong US service sector data. Gold breaks out of its range higher, muddying the short-term technical picture. Gold (XAU/USD) is trading up by about 0.2% in the $2,360s on Thursday just after the European …
Read More »ECB Cuts Rates, but Future Path Clouded by Inflation Uncertainty
The European Central Bank (ECB) announced a rate cut for the first time in five years, lowering the deposit rate by 25 basis points to 3.75%. However, the central bank refrained from signaling its next move due to heightened uncertainty surrounding the inflation outlook after a significant slowdown in the …
Read More »U.S. Futures Flat as Investors Await Labor Market Data, Nvidia Boosts Tech Sentiment
U.S. stock index futures were relatively unchanged on Thursday, as investors awaited fresh data to assess the strength of the U.S. labor market. Meanwhile, the Nasdaq futures saw a slight uptick, buoyed by gains in AI-focused Nvidia, which boosted optimism in the tech sector. The previous session witnessed a tech …
Read More »Oil Prices Edge Higher on Rate Cut Expectations, Despite Supply and Inventory Concerns
Oil prices rebounded for the second consecutive day on Thursday, driven by growing optimism that the Federal Reserve may cut interest rates as early as September. However, the potential for higher supply from OPEC+ and rising U.S. inventories kept the price gains in check. Brent crude futures rose 0.42% to …
Read More »German Industrial Orders Decline Unexpectedly in April, But Signs of Recovery Emerge
German industrial orders unexpectedly contracted for the fourth consecutive month in April, primarily due to a significant decrease in large-scale orders compared to the previous month. This decline, however, was partially offset by a rise in orders excluding large-scale projects, suggesting potential signs of recovery in the sector. According to …
Read More »Euro Edges Up Ahead of ECB Rate Decision, Dollar Dips on Easing Labor Market
The euro gained slightly on Thursday as traders awaited the European Central Bank’s (ECB) policy decision, where a rate cut is widely anticipated. Meanwhile, the dollar weakened due to renewed expectations of Federal Reserve easing later this year. The Canadian dollar also saw a modest increase, recovering from earlier losses, …
Read More »Asian Chipmakers Ride the AI Wave, Propelled by Nvidia’s Soaring Valuation
Asian chipmaking stocks experienced a significant boost on Thursday, mirroring the overnight rally of market darling Nvidia. This surge was fueled by renewed optimism surrounding artificial intelligence (AI) and its potential to drive demand for semiconductors. Nvidia, the leading manufacturer of advanced AI chips, achieved a historic milestone, surpassing a …
Read More »Predicting the Next Big Disruption: Emerging Technologies and Trade
Contemporary technologies are undoubtedly reshaping the financial assets and trading industry, and markets are undergoing major transformations due to emerging technologies. This report explores some of the key areas of influence of the most prominent technologies in today’s world.Blockchain and supply chain transparency: Blockchain technology ensures secure and transparent transactions …
Read More »Market Drivers: US Session, June 5
The US dollar continued its weekly recovery, gaining ground even as US yields displayed a mixed tone across the yield curve. Investors are now factoring in the possibility of two interest rate cuts by the Federal Reserve later this year. Meanwhile, market participants are fully anticipating a 25 basis point …
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