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 …
Read More »Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Gold Shatters $3,000 Barrier: Historic Safe-Haven Surge Amid Global Uncertainty
In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an a…
Bristol Myers Squibb Gains Expanded EU Approval for CAR-T Therapy Breyanzi
The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CA…
Forex Market Overview: Yen Weakens, Pound Slips, Dollar Recovers
The Japanese yen weakened on Friday after concluding union wage negotiations, while the British poun…
Oil Prices Rebound as Ukraine Conflict Persists, Trade War Concerns Loom
Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Uk…
Gold Prices Hold Near Record Highs Amid Trade Tensions, Rate Cut Expectations
Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-…
Market Analysis
August, 2024
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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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