Market Update

Oil prices extended their gains for a second consecutive session on Thursday, bolstered by concerns over potential supply disruptions due to expanded U.S. sanctions on Russia, a sharper-than-expected drop in U.S. crude inventories, and signs of improving global demand. Price Movements Brent Crude: Increased by 23 cents (0.3%) to $82.26 …

Britain’s economic output edged up by 0.1% in November compared to October, marking the first increase in three months. However, the rise was below the 0.2% expansion predicted by economists in a Reuters poll, according to data released Thursday by the Office for National Statistics. The modest growth followed two …

Bitcoin extended its bullish momentum for the third consecutive session on Thursday, trading near the pivotal $100,000 mark. This rally is fueled by broad market optimism following softer-than-expected U.S. inflation data, which improved investor sentiment across asset classes. As of 01:12 ET (06:12 GMT), Bitcoin rose 2.5% to $99,478.4, after …

The US Dollar weakened on Wednesday following the release of the December Consumer Price Index (CPI) report, which showed a milder-than-expected rise in inflation. This tempered expectations for further aggressive interest rate hikes from the Federal Reserve, prompting a reassessment of the economic outlook and a cautious shift in market …

US Dollar weakened on Wednesday, extending its recent corrective decline. The release of the December Consumer Price Index (CPI) report, which largely met market expectations, provided further impetus for the dollar’s weakness. This fueled speculation that the Federal Reserve may maintain its current interest rate stance, potentially opening the door …

Both the CPI data and the results from a few major financials are celebrated by the major US stock indices. When the CPI and PPI are combined, analysts predict that the core PCE will be announced later this month at 0.19%, slightly below the 0.2% threshold. The MoM’s three- and …

Israel and Hamas have reached a ceasefire agreement in Gaza as part of a deal to release Israeli hostages held in Gaza, according to a recent announcement by the Palestinian Hamas movement. U.S. President-elect Donald Trump announced the ceasefire agreement in Gaza, preempting the official announcement of the truce via …

Gold prices extended their gains for the second consecutive day, driven by a sharp decline in US Treasury yields. The fall in yields followed the release of US inflation data, which showed a moderation in core inflation. This renewed expectations of potential interest rate cuts by the Federal Reserve.The US …

Federal Reserve Bank of New York President John Williams emphasized the data-dependent nature of future monetary policy decisions in a speech on Wednesday. He acknowledged the significant uncertainty surrounding the economic outlook, particularly due to potential changes in government policy.Williams stated that the current monetary policy stance is “well-positioned” for …

The USD/JPY plummeted over 1% in early North American trading as the latest US inflation data showed a deceleration in core prices. This unexpected cooling of inflation sent US Treasury yields tumbling and boosted the Japanese Yen.   The US Bureau of Labour Statistics reported that consumer prices rose 0.4% …