Market Update

The Japanese yen weakened on Friday after concluding union wage negotiations, while the British pound edged lower following weak UK economic data. The US dollar managed to extend its rebound amid trade tensions, global slowdown fears, and geopolitical uncertainties. Key Currency Movements: 1. Japanese Yen Weakens After Wage Talks USD/JPY: …

Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Ukraine conflict remains unresolved, limiting the prospect of increased Russian energy supplies. Key Oil Price Movements: Brent Crude Futures: $70.52/barrel, up 0.9% (+64 cents). West Texas Intermediate (WTI): $67.26/barrel, up 1.1% (+71 cents). Market Drivers: …

Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-EU trade tensions and weaker-than-expected U.S. inflation data, which bolstered expectations of potential Federal Reserve rate cuts. Key Gold Price Movements: Spot Gold: $2,986.62/oz, after hitting a record high of $2,993.90/oz earlier. Gold Futures (April): …

The US dollar is showing renewed strength, shaking off recent dips and climbing back above the 104.00 mark on the Dollar Index (DXY). This resurgence, fueled by rising US Treasury yields and escalating anxieties over a potential global trade war, is sending ripples across currency and commodity markets. The shift …

A dramatic escalation in the ongoing trade dispute between the US and Europe has ignited, with the US administration threatening to impose a crippling 200% tariff on European alcoholic beverages. This move comes as a direct response to the European Union’s (EU) retaliatory tariffs on American spirits, marking a rapid …

A significant downturn gripped the US stock market on Thursday, with the Dow Jones Industrial Average experiencing a sharp decline. This drop occurred despite promising inflation data, highlighting the market’s sensitivity to geopolitical factors and trade policy uncertainties.   The day’s financial landscape was marked by a surprising contradiction. While …

The cryptocurrency market is gripped by a palpable sense of unease, as Bitcoin and its brethren navigate a tumultuous sea of economic uncertainties. Fears of a significant Bitcoin crash, mirroring the volatility seen in traditional stock markets, have intensified, casting a long shadow over the entire digital asset landscape. The …

Recent economic data indicates a stabilization of wholesale prices, offering a temporary reassurance about inflationary pressures. The Producer Price Index (PPI), a key indicator of wholesale inflation, remained flat in February, showing a year-over-year increase of 3.2%. This figure fell slightly below economists’ expectations, suggesting a slowdown in price hikes …

Gold prices have ignited a spectacular rally, surging past previous records and brushing against the $3,000 threshold, a feat achieved despite the headwinds of a robust US dollar and elevated Treasury bond yields. In a display of raw bullish power, XAU/USD soared to an all-time high of $2,971 a troy …

Initial Jobless Claims in the U.S. fell to 220K, coming in below expectations and marking a slight decrease from the previous week’s revised 222K figure, according to the U.S. Department of Labor (DOL). Key Labor Market Data: Initial Jobless Claims: 220K (vs. 221K expected, prior revised to 222K). Continuing Jobless …