Oil prices surged on Monday, driven by a combination of factors including a production halt at Norway’s Johan Sverdrup oilfield and escalating tensions in the Russia-Ukraine war.Brent crude futures climbed by 2.9% to $73.10 a barrel, while U.S. West Texas Intermediate crude futures rose by 2.9% to $68.99 a barrel. …
Read More »Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Bulgaria and Ukraine: Eurozone Ambitions and Economic Alignment
Bulgaria’s path to euro adoption, scheduled for January 2026, and Ukraine’s pursuit of EU integratio…
Will the ECB Cut Rates Again? More About Opportunities, Challenges for the Eurozone
The European Central Bank (ECB) is poised to reduce its deposit rate by 0.25 percentage points to 2%…
Market Analysis
November, 2024
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18 November 2024 9:58 pm
Could China’s New Energy Law Lead to Market Reform?
With distinct regulations covering coal, electricity, energy conservation, and renewable energy, China’s recently passed Energy Law closes a significant regulatory gap. With distinct regulations covering coal, electricity, energy conservation, and renewable energy, China’s recently passed Energy Law closes a significant regulatory gap. With its comprehensive Energy Law, China has finally …
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18 November 2024 8:22 pm
Explainer: Why Has Fed’s Powell Declared “No Rush for Rate Cuts”
Following the election, stock indices on Wall Street saw a sharp rally, while 10-year Treasury rates increased, a sign of declining prices. The momentum changed last week, though, when Governor Adriana Kugler and Federal Reserve Chair Jerome Powell warned against anticipating dramatic rate cuts. According to Powell, the US economy …
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18 November 2024 7:20 pm
EUR/USD Bounces Back Amid Rate Speculations, Rising Trade War Fears
As investors look for fresh clues about possible interest rate moves by the Fed and ECB in December, EUR/USD has gained ground and is now trading close to 1.0550. There is no pressing need to lower interest rates, Fed Chair Jerome Powell stressed. Investor anxiety over a trade war between …
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18 November 2024 5:06 pm
U.S. Dollar Eases Slightly from One-Year High as Market Awaits Fed Commentary
The U.S. dollar retreated modestly on Monday from a one-year high, entering a week with few significant economic data releases but multiple Federal Reserve speeches. At 04:50 ET (09:50 GMT), the Dollar Index, which measures the greenback against six major currencies, dipped 0.1% to 106.497, slightly off the peak of …
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18 November 2024 5:05 pm
Gold ignores US Retail Sales DataDollarGold ignores US Retail Sales Data
Gold prices experienced a strong rebound on Monday, rising around 1% following last week’s losses, as the U.S. dollar rally showed signs of slowing. The precious metal gained ground amid anticipation of comments from Federal Reserve officials, which are expected to provide clues on future interest rate decisions. As of …
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18 November 2024 1:58 pm
European Shares Decline Amid Real Estate and Tech Weakness; Investors Eye ECB Guidance
European shares slipped on Monday, marking further losses in the wake of recent setbacks. The STOXX 600 index dropped 0.2% by 0909 GMT, extending concerns from a four-week losing streak. This decline, the longest in 2.5 years, was fueled by disappointing earnings, rising Treasury yields, and uncertainty over U.S. President-elect …
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18 November 2024 1:14 pm
Oil Prices Rise Amid Russia-Ukraine Tensions, but Demand Concerns Linger
Oil prices saw a slight uptick on Monday as intensifying conflict between Russia and Ukraine over the weekend raised supply worries, although market gains were capped by concerns about fuel demand in China and expectations of a global oil surplus. By 0502 GMT, Brent crude futures increased by 29 cents, …
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18 November 2024 4:55 am
Markets’ Weekly Recap: Stronger US dollar dominates performance of key assets
Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …
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16 November 2024 12:16 am
Dow erases recent gains, declines over 350 points
The Dow Jones Industrial Average suffered a significant setback on Friday, plummeting over 350 points and erasing much of the recent post-election rally. This sharp decline reflects growing investor concerns about the economic outlook and potential policy shifts. A key factor contributing to the market’s downturn was the release of …
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15 November 2024 11:34 pm
Fed’s Goolsbee: The Fed needs to focus on longer trends
Federal Reserve Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes and that the Fed should maintain a slow and steady approach to reaching the neutral rate.Key QuotesIn regards to a December rate cut or pause. I don’t like tying our …
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15 November 2024 9:05 pm
Fed’s Collins sees no urgency to cut US interest rates
Federal Reserve Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.Key QuotesThere’s no preset path for monetary policy.The economy is in a very …
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15 November 2024 8:26 pm
Wall Street loses ground after Powell urges caution on rate cuts
Wall Street’s main indexes fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities. Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed’s 2% target as reasons …
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