BoJ’s K. Ueda gave fresh statements on the central bank’s policy outlook, although he declined to comment on the recent performance of the Japanese yen.Before Thursday’s European session begins, the Japanese Yen was still weak relative to the US dollar and is trading barely above a multi-decade low that was …
Read More »Market Drivers; US Session, April 18
Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US y…
IMF: Russian economy will grow faster than the US
The International Monetary Fund expects that Russia’s economy will grow by 3.2% in 2024, outpa…
Bitcoin recovers as halving countdown attracts attention
The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with …
XAU/USD boosted on increased central bank purchases
Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased …
Treasury yields climbs after Fed’s Williams remarks
The slightest suggestion of an interest rate hike by a Federal Reserve official ended the US bond ma…
EUR/USD drops following ECB members’ dovish remarks
The euro’ rebound is unable to rise over 1.0647, down -0.24%, as ECB policymakers hint at a rate cut…
Sterling drops amid downbeat market sentiment
The Pound Sterling has fallen against the US Dollar amid a dismal market mood, with investors seeing…
Crude oil poised to close unchanged amid geopolitical tensions
WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices are era…
Gold rises with the decline of the dollar and political tensions
On Thursday, gold prices climbed, driven by a weakened dollar and heightened geopolitical tensions i…
Nikkei ends losing streak as chip sector shares rise
On Thursday, Japan’s Nikkei index rebounded, marking its first ascent in four sessions. Chip s…
Market Analysis
April, 2024
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5 April 2024 2:09 am
US Stocks Decline Amid Middle East Geopolitical Tensions
US stocks have significantly declined since the Israeli Air Force declared maximum alert and the army suspended vacations for combat forces due to concerns about the possibility of Iran launching attacks on Israeli territory, which brought back geopolitical tensions in the Middle East.Israeli Air Force raised its alert to the …
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5 April 2024 12:57 am
March Jobs Report: Will the Fed Hold its Rate Cut Cards Following NFP?
As the Bureau of Labour Statistics (BLS) delivers its much-awaited March jobs report for the US, the financial markets are seemingly excited. Traders will digest this jobs print with great care, looking for hints about how the US economy and Federal Reserve policies will develop in the near future. Nonfarm …
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4 April 2024 11:52 pm
Bitcoin Erases Early April Decline Ahead of Halving Event
On April 4, Bitcoin saw daily gains above $4,000 as traders anticipated upcoming short liquidations. Bitcoin surprised market watchers by rising about 5% from the day’s low. They saw bulls correcting a chart inefficiency following recent declines. Early April saw a dip in Bitcoin prices, but on Thursday it recovered …
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4 April 2024 9:52 pm
What to expect from recent US-China trade talks?
During a meeting between US Secretary Janet Yellen in Guangzhou and Beijing, the US and China are anticipated to carry on their conversation on trade and investment. To keep up the dialogue, the two nations established formal economic working groups. Additionally, Yellen’s eating of a meal prepared with hallucinogenic “magic” …
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4 April 2024 9:06 pm
Euro Climbs on Softer US Data, Fed’s Wait-and-See Stance
On Thursday, the Euro gained versus the US dollar, but obstacles still exist. The poor US data, which included an unexpected increase in jobless claims and a widening trade deficit that raised questions about the real state of the US economy, helped the shared currency. Treasury yields dropped as a …
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4 April 2024 6:32 pm
Sterling rises following UK positive data
The Pound Sterling (GBP) has risen to 1.2660 in early New York session due to the UK’s improved economic outlook and increasing home prices. The GBP/USD pair is showing strength as recent economic indicators suggest the UK economy is on track to return to growth after falling into a technical …
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4 April 2024 5:20 pm
Fed’s Goolsbee sees housing price pressures as inflation’s greatest threat
Outsized price rises in the housing services industry is the most significant hurdle to the Federal Reserve reducing inflation to its 2% target rate according to Chicago Federal Reserve Bank President Austan Goolsbee.Key Quotes: “If housing inflation does not come down, would be very difficult to return inflation to 2%.”“I …
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4 April 2024 2:38 pm
European stocks rise ahead of inflation data
On Thursday, European stocks climbed as investors awaited key inflation data and scrutinized the minutes of the European Central Bank’s recent meeting, while Basilia Pharmaceuticals saw a surge in shares following US regulatory approval of a new antibiotic. The European STOXX 600 index edged up 0.1 percent by 0720 GMT, …
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4 April 2024 1:41 pm
Turkey’s trade deficit narrowed to $7.52 billion in March
On Thursday, the Turkish Trade Ministry announced that the country’s trade deficit had narrowed by 10.3 percent year-on-year to $7.52 billion in March. The ministry further stated that the ongoing trend of increasing exports and decreasing imports is anticipated to persist throughout the year. According to the ministry’s statement, exports …
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4 April 2024 12:39 pm
Nikkei closed higher after the end of a profit-taking wave
On Thursday, the Nikkei index closed higher as investors seized the opportunity to buy stocks following a recent bout of profit-taking amidst the start of the new fiscal year. The Nikkei advanced by 0.81 percent at the close, reaching 39,773.14 points, after peaking during the session with a gain of …
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4 April 2024 11:28 am
Dollar is Breathing Ahead of the Jobs Data
On Thursday, the dollar steadied below recent highs as traders awaited US jobs data, finding reassurance in Federal Reserve Chairman Jerome Powell’s remarks suggesting potential interest rate cuts later in the year. The yen remained range-bound amid prospects of government intervention, showing little movement from the 151.56 level it has …
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4 April 2024 10:52 am
Gold continues to soar to unprecedented levels
Gold prices rose to a record level on Thursday, amid Federal Reserve officials confirming their expectations to cut interest rates in 2024, in addition to anticipating job data in the United States. Gold settled in spot transactions at $2,299.28 per ounce by 0343 GMT, after rising to an unprecedented level …
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