US Treasury yields have continued to climb since the open, driven by market optimism following a series of positive economic data releases. Additionally, markets are eagerly awaiting the release of the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, later this week. The yield on the …
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This report examines whether a Federal Reserve Chair has ever been fired by a U.S. president, analyz…
US Dollar Plummets to Three-Year Low Amid Fed Independence Fears
The US Dollar Index (DXY) is reeling near 98.50, marking a three-year low after a sharp decline on M…
Bitcoin Rallies 2% to $86,955: Whale Accumulation and Predictions Signal Volatility Ahead
Bitcoin is riding a wave of bullish momentum, trading at $86,955 with a 2% gain as of April 21, 2025…
Tech and Media Stocks Tumble Amid Tariff Fears and Economic Uncertainty
Wall Street kicked off the week with sharp declines, as tariff uncertainties and economic concerns r…
USD/CAD Price Analysis: Political Pressures Weigh on US Dollar
The USD/CAD currency pair is experiencing downward pressure, hovering around the 1.3800 level as the…
Oil Prices Slide As US-Iran Talks Progress, Demand Fears Accelerate
Oil prices tumbled nearly 3% on April 21, 2025, as signs of progress in US-Iran nuclear talks and mo…
Gold Soars to Record High Near $3,425 Amid Trump-Powell Feud, Trade Tensions
Gold prices skyrocketed to a record high near $3,425 during North American trading hours on Monday, …
U.S. Stock Futures Slide as Trump-Powell Rift Undermines Market Confidence
U.S. stock index futures fell sharply on Monday as investors reacted to mounting tensions between Pr…
Dollar Plunges to Multi-Year Lows as Trump’s Fed Shake-Up Plan Jolts Investor Confidence
The U.S. dollar tumbled sharply on Monday, hitting multi-year lows against key global currencies, as…
Oil Prices Slip Nearly 2% as U.S.-Iran Nuclear Talks and Russia-Ukraine Ceasefire Ease Supply Concerns
Oil prices fell sharply in early Asian trading on Monday, as progress in U.S.-Iran nuclear negotiati…
Market Analysis
August, 2024
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28 August 2024 2:56 am
USDJPY is decoupling from US Treasury yields
USDJPY has broken its traditional inverse correlation with US Treasury yields, driven by a decline in the US dollar following the Federal Reserve’s meeting and Chairman Jerome Powell’s remarks at the Jackson Hole symposium. Powell’s comments hinted at a potential interest rate cut in September, a prospect further reinforced by …
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28 August 2024 1:49 am
Euro weathered the storm of negative data
Euro has shown resilience despite weaker-than-expected German economic data released on Tuesday. This data highlighted a deterioration in consumer confidence within the Eurozone. The German GfK consumer confidence index fell to -22.0 in September, compared to -18.6 in August, reflecting growing pessimism among European consumers about the economic outlook. Additionally, …
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28 August 2024 12:35 am
Gold climbs as rate cut forecasts increase
Gold prices continued to climb on Tuesday, buoyed by a weakening US dollar. The greenback has been under pressure amid expectations of a future path for Federal Reserve interest rates and the release of positive economic data that has boosted risk appetite in global financial markets. The US dollar has …
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27 August 2024 11:28 pm
US stocks rallied ahead of Nvidia’s earnings report
US stocks rallied on Tuesday, driven by anticipation of Nvidia’s second-quarter earnings and expectations for a potential Federal Reserve interest rate cut. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted modest gains. Nvidia, a tech titan, is under the spotlight as investors await its earnings report, …
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27 August 2024 10:21 pm
USD Continues to Decline After Consumer Confidence Data
The US Dollar has been declining since the start of US trading on Tuesday, continuing the downward trend that began at the end of last week following the release of the Federal Reserve meeting minutes and Jerome Powell’s comments at the Jackson Hole symposium.These comments highlighted a potential interest rate …
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27 August 2024 7:11 pm
GBP/USD Records New Multi-Year High Above 1.3200
The GBP/USD pair has reached a new multi-year high, trading above 1.3200. The uptrend remains intact as long as the pair stays above 1.3043. If buyers reclaim 1.3298, it could expose the March 2022 peak at 1.3437. Conversely, a dip below 1.3200 will reveal further support levels, such as 1.3130 …
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27 August 2024 3:07 pm
Bitcoin Drops as Geopolitical Tensions and Market Uncertainty Weigh on Sentiment
Bitcoin’s price slipped on Tuesday, losing momentum after a weekend rally as escalating geopolitical tensions and anticipation of key economic cues dampened risk appetite. The world’s largest cryptocurrency fell 1.4% to $3,106.6 by 01:10 ET (05:10 GMT), following a broader decline in global stock markets. Geopolitical Concerns and Market Reactions …
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27 August 2024 11:40 am
German Economy Contracts by 0.1% in Q2 2024, Reversing Prior Growth
The German economy experienced a slight contraction of 0.1% in the second quarter of 2024, reversing the modest growth seen in the first quarter, according to official data released by the Federal Statistical Office on Tuesday. Economic Performance Overview The quarter-on-quarter shrinkage follows a 0.2% expansion in Germany’s Gross Domestic …
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27 August 2024 10:24 am
Gold Prices Dip as Dollar Rebounds, but Rate Cut Bets and Safe Haven Demand Support
Gold prices slipped in Asian trading on Tuesday, pressured by a strengthening dollar. However, the potential for lower interest rates and ongoing geopolitical tensions kept the precious metal close to its recent highs. Gold Market Performance Spot gold declined by 0.4% to $2,507.15 an ounce, while December gold futures fell …
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27 August 2024 9:44 am
Oil Prices Retreat After 7% Surge Amid Middle East and Libyan Supply Concerns
Oil prices took a step back on Tuesday, following a sharp rally that saw them rise by more than 7% over the previous three sessions. The recent surge was driven by heightened concerns over potential supply disruptions in the Middle East and Libya, prompting traders to reassess the situation. Market …
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27 August 2024 4:01 am
Market Drivers; US Session, August 26
The US Dollar Index (DXY) initially dipped to new lows near 100.50 on Monday but managed to reverse that decline later in the day, bouncing back toward the 101.00 barrier. Keep an eye on the Consumer Confidence gauge published by the Conference Board and the FHFA’s House Price Index on …
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27 August 2024 1:57 am
Gold surges on Fed rate-cut wagers after Powell’s signals
Following Powell’s remarks at Jackson Hole about possible policy easing in September, gold prices surged. Powell mentions labour market-linked concerns as well as inflation management; while some Fed officials reiterate forecasts for rate cuts.US durable goods orders increased 9.9% in July, indicating a robust economy; tensions in the Middle East …
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