The S&P 500 and the Dow Jones Industrial Average reached new all-time highs on Friday, driven by a confluence of factors, including strong financial sector earnings, expectations of a Federal Reserve interest rate cut, and a generally positive economic outlook. Strong Bank Earnings: JPMorgan Chase and Wells Fargo: These two …
Read More »ECB Holds Rates Steady While Awaiting Clarity on U.S. Tariffs
The European Central Bank (ECB) decided to keep interest rates on hold on Thursday, pausing after se…
Oil Prices Rise Amid Trade Optimism and U.S. Crude Inventory Drawdown
Oil prices rose more than 1% on Thursday, buoyed by optimism surrounding U.S. trade negotiations and…
UK Economy Shows Early Signs of Stagnation in Q3 2025: PMI Data Signals Challenges Ahead
Composite PMI Falls Below Expectations Amid Trade, Tax, and Wage Pressures The UK economy is facing …
German Business Activity Shows Marginal Growth Amid Slower Pace in July
Manufacturing and Services Performances Diverge as Economic Outlook Remains Mixed Germany’s business…
France’s Private Sector Activity Contracts for 11th Consecutive Month Amid Political Uncertainty
July Data Shows Limited Growth in France’s Private Sector, Reflecting Weak Demand and Business Confi…
Gold Prices Fall as U.S.-Japan Trade Deal and Tech Earnings Boost Risk Appetite
Gold prices dipped on Thursday, continuing a downward trend following recent highs, as a U.S.-Japan …
Oil Prices Edge Higher Amid U.S. Crude Stock Decline and Trade Deal Optimism
Oil prices inched higher during Asian trading on Thursday, with data showing a significant drop in U…
Cryptocurrency Market Update and Key Developments
The cryptocurrency market experienced varied performance on July 23, 2025, with most major assets re…
Landmark US-Japan Trade Pact Ignites Market Surge
On July 23, 2025, the United States and Japan announced a historic trade agreement, reshaping their …
Trade Deal Sparks Gold Price Dip Below $3,400 Amid Market Optimism
Optimism surrounding a potential US-EU trade agreement, following a recent US-Japan deal, has pushed…
Market Analysis
October, 2024
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11 October 2024 10:34 pm
DXY remains unchanged following consumer sentiment data
Dollar Remains Resilient Amidst Mixed Economic SignalsThe US Dollar continued to exhibit remarkable strength on Friday, even as mixed economic data emerged. While the Producer Price Index (PPI) for September came in slightly hotter than anticipated, suggesting persistent inflationary pressures, the preliminary reading of the University of Michigan Consumer Sentiment …
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11 October 2024 8:47 pm
Middle East Conflict, OPEC+linked Hopes Prevent Sharp Oil Correction
Notwithstanding concerns surrounding a wider Middle East war, which could disrupt oil flows from the region, China stimulus disappointment and OPEC+ producer plans to bring barrels back in the coming months have put the crude oil market at risk of a sharp correction. The pending surplus in early-2025, stemming from …
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11 October 2024 7:17 pm
XAU/USD rallies after weak US economic indicators
Gold (XAU/USD) extends its rally, trading in the $2,650s on Friday, after the release the the preliminary Michigan Consumer Sentiment Index showed a slide in sentiment in October. The Michigan Consumer Sentiment Index fell to 68.9 in October from 70.1 in the previous month and was below estimates of 70.8, …
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11 October 2024 3:16 pm
U.S. Stock Futures Slip as Investors Await Bank Earnings and Inflation Data
U.S. stock index futures edged lower on Friday as investors braced for the release of key bank earnings reports and another inflation reading, with potential implications for the Federal Reserve’s monetary policy. As of 05:40 ET (09:40 GMT), Dow Jones Futures dropped 95 points (0.2%), S&P 500 Futures fell 17 …
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11 October 2024 11:22 am
European Markets Edge Lower Amid Mixed Economic Data and U.S. Earnings Season
European stock markets traded slightly lower on Friday, as investors digested disappointing British growth data while awaiting key U.S. bank earnings and an anticipated fiscal policy briefing from China. As of 03:10 ET (07:10 GMT), Germany’s DAX index fell 0.1%, France’s CAC 40 dropped 0.1%, and the FTSE 100 in …
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11 October 2024 10:41 am
Gold Extends Gains Amid Mixed U.S. Economic Data, Dollar Weakness Supports Broader Metal Prices
Gold prices continued to rise in Asian trade on Friday, building on overnight gains as stronger-than-expected U.S. inflation data was balanced by weaker labor market figures. This dynamic helped boost broader metal markets, with copper and other industrial metals benefiting from the softer dollar and anticipation of fiscal stimulus cues …
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11 October 2024 10:40 am
U.S. Dollar Dips Amid Mixed Economic Signals, But Stays on Track for Weekly Gains
The U.S. dollar retreated from its recent two-month highs against major currencies on Friday, as signs of weakness in the labor market increased the likelihood of quicker Federal Reserve rate cuts. Despite this dip, the dollar is set to post its second consecutive weekly gain, bolstered by strong payroll figures …
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11 October 2024 1:30 am
American Session’s Market Drivers: US Inflation Remains in Focus
The US Dollar continued its upward trajectory, driven by sticky inflation data and hawkish comments from Federal Reserve officials. Investors are closely watching upcoming inflation metrics, including Producer Prices and Consumer Sentiment, for clues about the Fed’s future monetary policy.Key Points:US Dollar Strength: The US Dollar Index (DXY) reached new …
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11 October 2024 1:23 am
XAU/USD Surges Amid Mixed US Economic Data, Fed Officials’ Comments
Gold prices experienced a significant uptick on Thursday, October 10th, following the release of mixed economic data from the United States and comments from Federal Reserve officials. While a slight increase in inflation provided a temporary boost, the overall trend was influenced by the anticipation of potential interest rate cuts …
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11 October 2024 12:54 am
Oil Markets Roiled amid Geopolitical Tensions, Hurricane Devastation
Oil prices have been on a wild ride in recent weeks, driven by a perfect storm of geopolitical tensions and natural disasters. The escalating conflict between Israel and Iran, coupled with the devastating impact of Hurricane Milton on U.S. fuel supplies, has sent crude oil prices soaring. The Middle East, …
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11 October 2024 12:16 am
Fed Officials Signal Continued Rate Cuts, But Caution Remains
Federal Reserve policymakers have indicated that a series of interest rate cuts is likely in the coming months, citing the ongoing decline in inflation and a resilient job market. However, several officials have also expressed caution, suggesting that the pace of these cuts may need to be adjusted based on …
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10 October 2024 10:29 pm
EUR/USD retreats near two-month lows following CPI data
The EUR/USD pair hit a fresh two-month low near 1.0900 on Thursday, following the release of the U.S. Consumer Price Index (CPI) report. The data showed that inflation rose faster than expected, leading to a weaker Euro.While the core CPI accelerated to 3.3%, the headline CPI rose to 2.4%. Despite …
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