Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …
Read More »Gold Prices Rise Amid Tariff Uncertainty and Fiscal Concerns
Gold prices rose slightly in Asian trading on Friday, recovering from the previous session’s l…
U.S. to Send Letters Outlining Tariff Rates Ahead of July 9 Deadline
U.S. President Donald Trump confirmed on Thursday that the U.S. will begin sending out letters to ma…
Market Movers – US Session: US Jobs Data Boosts Risk Appetite, Trump To Sign “Big, Beautiful Bill”
The US session on July 4, 2025, is expected to be subdued due to the Independence Day holiday, with …
Will Trump Postpone the Tariff Deadline Beyond July 9, 2025? Who is Closest to Framework Agreements?
As the July 9, 2025, deadline for President Donald Trump’s “reciprocal” tariffs ra…
Canadian Dollar Gains Momentum as U.S. Jobs Data Boosts Market Optimism
The Canadian Dollar climbed against the U.S. Dollar, pushing the USD/CAD pair toward multi-month low…
Will Robust Jobs Data, Trump’s Fed Pressure Reshape Wall Street’s Momentum?
Wall Street surged, with the S&P 500 up 0.83%, Nasdaq up 1.02%, and Dow Jones Industrial Average…
Just Passed by Both Chambers: Trump’s “One Big Beautiful Bill” Sparks Economic Hope, Deficit Debate
On Thursday, July 3, the U.S. House of Representatives passed President Donald Trump’s “One Big Beau…
Can Trade Optimism Sustain Oil Price Recent Gains Ahead of OPEC+ and Tariff Risks?
On July 3, 2025, Brent crude futures dipped to $68.74 per barrel, down 0.54%, while WTI crude future…
US Treasury Secretary: It’s up to Fed to decide on rates, Powell replacement discussions set for fall
U.S. Treasury Secretary Scott Bessent emphasized that interest rate decisions rest with the Federal …
GBP/USD Holds Firm Amid US Jobs Strength and UK Reeves Uncertainty
The GBP/USD pair showed resilience, trading 17% up, steadily at 1.3654 despite a robust US jobs repo…
Market Analysis
November, 2024
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5 November 2024 11:18 pm
Dow Jones Rallies Ahead of US Election Results
The Dow Jones Industrial Average (DJIA) surged over 400 points on Tuesday, as investors eagerly awaited the outcome of the US presidential election. The index has been trading within a narrow range in recent weeks, but today’s rally pushed it closer to its near-term high.Market Expectations and Fed Rate Cut …
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5 November 2024 9:50 pm
Where US Economy Stands Prior To Election Results
As voters prepare to choose the next president, the U.S. economy is, by most measures, stronger than it has been in recent election cycles, though some exceptions help explain voter discontent.The Bigger Picture Politics and voting behavior are more complex than any data series from a government website, and the …
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5 November 2024 9:27 pm
Ahead of the US election results, USD declines for a second consecutive week
As Americans prepare to cast their ballots on Tuesday, the price action of the US dollar is slowing down. In the event of a very close outcome, traders prepare for volatility because it may take days or weeks to choose the next US president. The US dollar index is holding …
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5 November 2024 8:39 pm
Harris or Trump: When will Americans know who their new president is?
The presidential election results will begin to come in on Tuesday night after polls close throughout the country. However, in many key states, it may take a while to know who has won and much longer to get official, certified results. There are several reasons for this delay, including the …
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5 November 2024 7:04 pm
US service sector continued expansionary trend in October
The US service sector continued its expansionary trend in October, with the Institute for Supply Management (ISM) Services PMI surging to 56. This reading surpassed market expectations of 53.8, signaling a robust acceleration in business activity compared to the previous month. The uptick was driven by a combination of factors, …
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5 November 2024 6:37 pm
What Could Eurozone Economy Expect from Trump or Harris?
As the US prepares to elect a new president, analysts have outlined what a Trump victory could mean for the global economy. However, Europe could expect from Democratic candidate Kamala Harris, who has stated that her presidency would not be a continuation of Joe Biden’s presidency. In terms of domestic …
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5 November 2024 3:55 pm
U.S. Stock Futures Edge Higher as Investors Brace for Election and Fed Decision
U.S. stock index futures gained slightly early Tuesday as markets steadied after recent losses. Investors prepared for a tight presidential election and a significant Federal Reserve meeting later in the week. Market Movements At 05:00 ET (10:00 GMT): Dow Jones Futures rose 55 points (+0.1%). S&P 500 Futures gained 12 …
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5 November 2024 2:48 pm
Aramco’s Q3 Profit Declines, but Dividends Remain Strong Amid Softer Oil Prices
Saudi oil giant Aramco (TADAWUL:2222) reported a 15.4% year-over-year decline in its third-quarter profits, attributing the drop to lower crude prices and weaker refining margins. However, Aramco reaffirmed its commitment to a substantial dividend, maintaining a $31.1 billion payout for the quarter. Profit Performance and Market Reaction For the quarter …
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5 November 2024 1:26 pm
U.S. Dollar Slides Slightly Ahead of Tight Presidential Election and Fed Meeting
The U.S. dollar edged lower on Tuesday, reflecting cautious sentiment as the country heads into a closely contested presidential election that could trigger significant foreign exchange volatility. The Dollar Index, which measures the greenback against a basket of six major currencies, fell by 0.1% to 103.655 at 04:10 ET (09:10 …
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5 November 2024 11:23 am
RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation
The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, reaffirming its commitment to restrictive monetary policy to address inflation concerns. The RBA emphasized that its top priority remains guiding inflation back within its 2-3% target range, though it refrained from committing to specific future …
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5 November 2024 10:22 am
Asian Markets Mixed as U.S. Election and China’s Fiscal Policies Weigh on Sentiment
Most Asian markets faced declines on Tuesday, with traders cautious ahead of the U.S. presidential election and the Federal Reserve’s expected rate cut later in the week. The uncertain race between Donald Trump and Kamala Harris has heightened risk aversion, keeping investors on the sidelines. Chinese Markets Supported by Positive …
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5 November 2024 1:18 am
What is Trump’s MAGANOMICS? Why Is It criticized?
MAGANOMICS is a term used to describe the economic policies advocated by former US President Donald Trump. These policies generally prioritize tax cuts, deregulation, and protectionist trade measures.“MAGAECONOMICS” refers to the economic policies and principles associated with former President Donald Trump’s “Make America Great Again” (MAGA) agenda. These policies were …
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