In a surprising turn of events, UK inflation defied expectations and remained at 2.0% in June, raising doubts about the Bank of England’s (BoE) plans for an interest rate cut. Economists had predicted a slight decline to 1.9%, but the latest figures released on Wednesday revealed a stubborn persistence of …
Read More »U.S. Stock Index Futures Flat as Investors Await U.S.-China Trade Talks and Key Inflation Data
U.S. stock index futures were little changed on Monday, with market participants taking a cautious s…
Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Market Analysis
July, 2024
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17 July 2024 9:46 am
Gold Prices Hit Record Highs on Renewed Rate Cut Optimism
Gold prices soared to unprecedented levels in Asian trade on Wednesday, continuing a remarkable rally fueled by growing optimism that the Federal Reserve will implement interest rate cuts as early as September. This surge reflects a significant shift in market sentiment, driven by recent economic data and dovish signals from …
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17 July 2024 2:37 am
Gold Sets New Record High on US Rate Cut Hopes
Gold prices soared by more than 1.93% on Tuesday, fueled by intensifying expectations for a US interest rate cut in September. This sentiment gained momentum following the release of the latest US inflation data, which came in weaker than anticipated. The attempted assassination of former US President and Republican candidate …
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17 July 2024 1:26 am
Market Drivers; US Session, July 16
The US Dollar and the majority of riskier assets were essentially steady from Monday’s closing levels, despite the indecisive price action in the Forex market on Tuesday due to persistent anticipation of a rate cuts by the Fed in September.As Tuesday’s trading day came to a finish, the positive impact …
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16 July 2024 11:18 pm
Fed’s Kugler: It will be appropriate to cut rate on cooling labour
Dr. Adriana Kugler, member of the Fed Board of Governors, pointed out on Tuesday that although inflationary pressures have undoubtedly decreased, the Fed still needs to complete some parts of the rate-cutting puzzle before it can move on rates.Key QuotesIf incoming data does not provide confidence that inflation is moving …
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16 July 2024 10:51 pm
Dow Jones Gains 680 Points After Retail Sales Data
Dow Jones surged 1.7% in a single trading day as rate cut hopes accelerate. Easing US Retail Sales data reignited market bets of a September rate cut. Dow Jones sets a new record high for a second day in a row.Dow Jones surged to a second record-setting day in a …
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16 July 2024 10:05 pm
Dollar Strengthens Against Yen Despite Yentervention Concerns
The US dollar has gained significant ground against the Japanese yen, even amidst fears of intervention by the Bank of Japan. During yesterday’s trading session, the USD/JPY pair reached 158.30, following an earlier low of 157.97. Tokyo data reveals that approximately 2.14 trillion Japanese yen (equivalent to 13.5 billion US …
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16 July 2024 8:38 pm
Crude oil further declines on Chinese demand concerns
West Texas Intermediate (WTI) crude oil prices dropped below $80.00 per barrel due to weakening Chinese demand. The market decline is persisting, and bids are approaching long-term averages, leading to a slowdown in the WTI bull run.Tuesday saw a decline in WTI oil as investors were increasingly concerned about the …
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16 July 2024 7:41 pm
Bank of America Stock leaps post Q2 results
Higher consumer interest rates continued to hurt profitability in the US banking sector, as Bank of America said on Tuesday that its Q2 profit decreased 6.8% from the same period last year. Nonetheless, as total earnings exceeded analysts’ projections, the stock surged more than 4%, surpassing the S&P 500’s 0.2% …
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16 July 2024 6:41 pm
Explainer: Why Morgan Stanley’s Earnings Represent “A Tale of Two Businesses”
For most investors, Morgan Stanley’s Q2 earnings release painted a mixed image. Despite the bank’s total performance exceeding forecasts, a critical area of concern kept Wall Street’s response subdued.Investment Banking SoarsMorgan Stanley’s investment banking segment was its strong point. Due to an increase in dealmaking activity, this segment—which assists businesses …
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16 July 2024 2:56 pm
Japan Keeps Markets on Edge as Yen Intervention Remains a Possibility
Japanese authorities are keeping markets on high alert as they reaffirm their commitment to take necessary measures against excessive volatility in the yen. The recent sharp decline of the currency to 38-year lows has sparked speculation about potential government intervention, and recent statements by Chief Cabinet Secretary Yoshimasa Hayashi have …
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16 July 2024 12:57 pm
Oil Prices Fall on China’s Economic Slowdown Concerns Despite Expected Fed Rate Cuts
Oil prices experienced a decline on Tuesday due to worries about a slowing Chinese economy potentially reducing oil demand. This occurred despite a growing consensus that the U.S. Federal Reserve might begin cutting interest rates as early as September. Key Points: Chinese Economic Slowdown: China’s weaker-than-expected economic growth in the …
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16 July 2024 7:24 am
How have markets reacted to the Trump assassination attempt?
The assassination attempt on US President and 2024 presidential candidate Donald Trump put the financial markets to a difficult test as a new week of trading began.The markets showed slight confusion at the beginning of trading on Monday, but risk appetite quickly took control of the price movement in the …
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