Raphael Bostic, the President of the Federal Reserve Bank of Atlanta, believes that the Fed should be prepared to make larger interest rate cuts if the job market weakens. He reassured markets that his business contacts don’t anticipate layoffs, but this statement seems out of place given the recent ISM …
Read More »Market Drivers: Assets Dance to CPI Data, US-China Trade Talks
Markets buzzed with activity on June 11, 2025, as assets like gold, silver, and the Canadian Dollar …
Silver Stalls Near 13-Year Highs: Trade Talks, CPI Data Hold the Key
Silver prices (XAG/USD) have hit a speed bump after a meteoric rise to 13-year highs near $37.00, no…
US-China Trade Deal: A Step Toward Stability or a Fragile Truce?
On June 11, 2025, President Donald Trump announced a US-China trade deal as “done” via h…
Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets
Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after br…
EUR/USD Gains Momentum, Eyes 1.1500
EUR/USD has accelerated its upward climb, nearing weekly highs hovering around 1.15, exactly trading…
Dow Jones Surges Past 43,000 Amid CPI Data, Trade Talks Progress
The Dow Jones Industrial Average (DJIA) has climbed above 43,000 for the first time since February, …
Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift
According to the Energy Information Administration (EIA), US crude oil production is projected to de…
Stock Movers: Tesla, GameStop, and Beyond
Tesla’s Surge Sparks Electric Vehicle OptimismTesla’s stock climbed significantly in pre…
Trade Optimism, Shrinking Inventories Fuel Oil Prices Rally
WTI crude oil prices have climbed above $65.00, marking a significant 2% intraday gain as of June 11…
U.S. Inflation Slows Slightly in May, Misses Expectations and Pressures Dollar
Inflation in the United States, as measured by the Consumer Price Index (CPI), rose to 2.4% year-ove…
Market Analysis
October, 2024
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1 October 2024 7:38 pm
US Dollar Surges Amid Geopolitical Tensions, Fed’s Fresh Hints
The US Dollar experienced a significant rally following escalating tensions in the Middle East and comments from Federal Reserve Chairman Powell suggesting a less dovish stance on interest rates. The US Dollar Index reached a seven-day high as investors sought safe havens amid geopolitical uncertainty.Key factors driving the US Dollar’s …
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1 October 2024 3:54 pm
U.S. Stock Futures Dip as Investors Assess Fed Chair’s Remarks and Await Economic Data
U.S. stock futures saw a mixed start on Tuesday as investors digested recent comments from Federal Reserve Chair Jerome Powell and braced for a busy week of key economic data releases. Market Snapshot: Dow Futures: Down 145 points (-0.3%)S&P 500 Futures: Down 6 points (-0.1%)Nasdaq 100 Futures: Up 20 points …
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1 October 2024 2:02 pm
Euro Zone Inflation Falls Below 2%, Signaling Potential ECB Rate Cut
For the first time since mid-2021, euro zone inflation dipped below 2% in September, reinforcing expectations that the European Central Bank (ECB) could implement another rate cut this month as its efforts to control price growth appear to be nearing success. Key Inflation Figures: Headline Inflation: Inflation in the 20 …
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1 October 2024 10:44 am
Oil Prices Steady as Supply Outlook Offsets Middle East Tensions
Oil prices remained relatively unchanged on Tuesday as prospects of stronger supply and sluggish global demand growth balanced concerns over potential disruptions from escalating tensions in the Middle East. Key Price Movements: Brent Crude: December delivery edged up 13 cents (0.18%) to $71.83 a barrel as of 0615 GMT.West Texas …
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1 October 2024 9:54 am
Asian Stocks Ease Amid Fed Chair’s Hawkish Comments; Dollar Firms
Asian stocks dipped near two-and-a-half-year highs on Tuesday, while the U.S. dollar strengthened following hawkish remarks by Federal Reserve Chair Jerome Powell, which dampened hopes for significant interest rate cuts. Additionally, rising tensions in the Middle East contributed to a cautious risk sentiment among investors. Market Overview MSCI’s Broadest Asia-Pacific …
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1 October 2024 12:18 am
Market Drivers; US Session, September 30
For the second day in a row, the price of gold declines as month-end flows favor the US dollar despite declining US Treasury yields. However, September is expected to be the strongest month for the golden metal since March 2024, when prices increased by more than 9%. Monthly gains of …
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September, 2024
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30 September 2024 11:02 pm
Will Japan’s Yen Continue to Decline?
The USD/JPY pair has been rising since the start of the American trading session in the currency market, driven by the increase in US Treasury yields. This is due to the positive relationship between the pair and the yields on these government bonds, highlighting the weakness of the Japanese yen.US …
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30 September 2024 10:21 pm
Jerome Powell’s Comments Praise Fed’s Cautious Approach
Fed Chair Jerome Powell reiterated that inflation has been broadly defeated and that recent data indicate further progress toward a sustained return to 2% core goods prices have fallen a half percent over the past year, close to their pre-pandemic pace, as supply bottlenecks have eased outside of housing services. …
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30 September 2024 9:53 pm
Gold resorts to correction amid Chinese focus on equi
The recent surge in gold prices, culminating in a record high of $2,685 last week, is now encountering headwinds. A combination of factors, including a rally in Chinese equities and a more optimistic outlook for the Chinese property market, has diverted investor attention away from the precious metal despite its …
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30 September 2024 8:54 pm
Wall Street Edges Lower Ahead of Powell’s Comments
Wall Street’s main indexes were flat to lower in choppy trading on Monday as investors paused after the previous week’s rally and exercised caution ahead of numerous job reports and comments through the week from Federal Reserve policymakers, including Chair Jerome Powell. Monday’s US market indices were neutral as traders …
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30 September 2024 7:49 pm
Bitcoin Ends Volatile September with a Mixed Bag of Gains and Losses
Bitcoin experienced a significant price dip in September, falling to near $63,000. This decline was attributed to technical overbuying conditions and a broader market correction. Despite this temporary setback, the cryptocurrency remains on track for its strongest September in several years, with gains of over 7% for the month. On …
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30 September 2024 6:54 pm
GBP/USD Steadies Ahead of Powell’s Speech
The Pound Sterling (GBP) struggled to surpass the 1.3400 mark against the US Dollar (USD) as investors anxiously awaited the Federal Reserve’s (Fed) interest rate guidance. Despite recent signs of easing inflation, the Fed’s fight against rising prices continues. While the overall inflation rate decreased, the core inflation measure, which …
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