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Market Analysis

August, 2024

  • 14 August 2024 2:38 am

    A Closer Look on China’s Oil Demand, Latest Outlook by OPEC+

    China’s recent dip in oil imports is a puzzle with many pieces. It’s not simply about weaker demand; there’s a bigger story unfolding.For starters, China’s been busy filling its strategic oil reserves. Think of it as a nation stocking up for a rainy day, much like a homeowner preparing for …

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  • 14 August 2024 1:49 am

    Fed Official Sees Room for Easing Policy

    Raphael Bostic, president of the Federal Reserve Bank of Atlanta, expressed concern about the current tight monetary policy, emphasizing the need for a more accommodative stance in the near future. Bostic also noted that recent inflation data has increased his confidence in the economy’s ability to achieve the 2% inflation …

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  • 13 August 2024 11:41 pm

    Gold’s rally could continue on US inflation data

    Recent US inflation data released on Tuesday indicated a slower increase in producer prices. This has led to growing expectations that the Federal Reserve will soon lower interest rates. A weaker US dollar, resulting from these expectations, has benefited gold prices.Gold was the biggest winner following the release of the …

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  • 13 August 2024 9:47 pm

    Dow Jones climbs following PPI data

    Dow Jones rose 300 points on Tuesday after US Producer Price Index inflation eased more than expected in July. This gave stocks a chance to breathe and sent the DJIA into 39,700.00. US PPI inflation eased to 2.2% YoY in July, falling below the expected 2.3% and further from the …

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  • 13 August 2024 8:38 pm

    Oil’s Rally Paused on Easing Middle East Tensions

    Oil prices saw a significant drop on Tuesday, with both Brent and US crude oil futures falling more than $1 a barrel. This decrease is attributed to a reduced perception of imminent conflict in the Middle East. Markets had previously factored in a potential attack by Iran, leading to a …

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  • 13 August 2024 6:12 pm

    July’s Wholesale inflation measures rises less than expected

    Wholesale inflation measures rises 0.1% in July, indicating that the Federal Reserve may start lowering interest rates. The producer price index (PPI), which measures selling prices producers receive for goods and services, increased 0.1% on the month, less than the 0.2% forecast. The core PPI was flat, with a rise …

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  • 13 August 2024 12:30 pm

    European Shares Edge Up Amid Investor Caution Ahead of Key U.S. Data

    European shares inched higher on Tuesday as investors awaited crucial U.S. economic data expected later in the day, which could offer more insight into the Federal Reserve’s next interest rate move. However, a series of disappointing corporate earnings reports kept gains in check. By 0712 GMT, the STOXX 600 index …

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  • 13 August 2024 10:29 am

    Dollar Braces for Key Data on Potential Rate Cut Risks

    The U.S. dollar found itself in a holding pattern on Tuesday as investors awaited key U.S. economic data that could influence the likelihood of significant interest rate cuts. Meanwhile, a rally in Japanese stocks provided some relief for the yen, particularly for those engaged in yen carry trades. The dollar …

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  • 13 August 2024 1:58 am

    Market Drivers; US Session, August 12

    As investors warmed up ahead of important US data releases, which would undoubtedly affect expectations on a rate decrease by the Fed and provide additional information on the state of the US economy, global markets moved within a consolidative trend. Forex Space: Within the 103.20 zone, the USD Index (DXY) …

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  • 13 August 2024 1:51 am

    Dow Steadies Ahead of Key CPI Data

    The Dow Jones Industrial Average (DJIA) has steadied before the closing bell, following a tepid Monday session. The market is expected to remain nervous ahead of key inflation data, with a fresh batch of US PPI and CPI inflation prints due this week. The US Producer Price Index (PPI) business-level …

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  • 13 August 2024 12:39 am

    Gold prices surge on sliding T-Yields, Middle East tensions

    Gold prices surged over 1.5% on Monday as US Treasury yields retreat ahead of key CPI data, with the 10-year yield down to 3.902%. The ongoing Middle East tensions, with no ceasefire in sight, drive demand for Gold’s safe-haven status. Traders are bracing for the latest Consumer Price Index (CPI) …

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  • 12 August 2024 11:25 pm

    US Dollar defends its ground ahead of CPI

    Despite geopolitical unrest, the US dollar is still strong, and Fed policymakers continue to have optimistic views of the US labor market despite worries about sluggish job creation. The market sticks to its projections from the previous week, with September being the most likely month for the first rate cut …

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  • 12 August 2024 10:10 pm

    Is Eurozone Encountering a Deep Investment Crisis?

    Businesses are delaying some of their investments in the Eurozone, and output is declining. Two recent reports from the ECB provide an assessment of the issue. The majority of Eurozone businesses are delaying investments. The European Central Bank refers to a “gloomy outlook and a historic low” in its most …

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