On Thursday, gold prices climbed, driven by a weakened dollar and heightened geopolitical tensions in the Middle East. These factors offset concerns about a potential decrease in US interest rates this year. Spot gold rose by 0.8 percent to $2,379.33 per ounce by 1001 GMT, following its peak at $2,431.29 …
Read More »U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Gold Prices Dip After Record Surge, Market Eyes Tariffs & Economic Risks
Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors ba…
Bitcoin Drops as Traders Brace for Federal Reserve Decision
Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of t…
Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Market Analysis
April, 2024
-
18 April 2024 3:54 pm
Nikkei ends losing streak as chip sector shares rise
On Thursday, Japan’s Nikkei index rebounded, marking its first ascent in four sessions. Chip stocks, initially down, reversed their losses, and banking shares saw gains. Closing at 38,079.70 points, the Nikkei climbed by 0.31 percent after dipping by 0.83 percent earlier in the session. Despite this rise, the index still …
Read More » -
18 April 2024 2:45 pm
Eurozone’s February Surplus Shrinks, German Economy Shows Recovery Signs
In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …
Read More » -
18 April 2024 12:31 pm
European stocks rise supported by the industrial sector
On Thursday, European stocks witnessed a rise, buoyed by the industrial sector’s performance, fueled by positive results from ABB Group. However, Sartorius shares faced a significant decline on the German stock exchange following a quarterly drop in orders. The European STOXX 600 index advanced by 0.2 percent as of 0717 …
Read More » -
18 April 2024 11:52 am
US Dollar is breathing as investors focus on rates
On Thursday, the dollar experienced a decline as traders assessed the trajectory of interest rates in the United States, spurred by statements from Federal Reserve officials reinforcing expectations of an extended period of monetary tightening. Recent weeks saw the dollar strengthening, propelled by a series of robust US economic data …
Read More » -
18 April 2024 10:53 am
Oil rises after the re-imposition of US sanctions on Venezuelan oil
Oil prices rose in early trading on Thursday, slightly paring losses from the previous session, after the United States said it would reimpose oil sanctions on Venezuela at a time when the European Union signaled new sanctions on Iran. By 0053 GMT, Brent crude futures rose ten cents, or 0.11 …
Read More » -
18 April 2024 10:27 am
Gold shines amid geopolitical tensions that enhance the demand for safe havens
Gold prices climbed on Thursday, driven by escalating fears of a widening conflict in the Middle East, which bolstered demand for safe-haven assets. This trend offset concerns about the possibility of prolonged high interest rates in the United States. At 0429 GMT, spot gold rose by 0.6 percent to $2,374.97 …
Read More » -
18 April 2024 2:42 am
Market Drivers; US Session, April 16
The Dollar’s recent pause gave the opportunity to risk-related assets for some breather. Because of the dollar’s exhaustion following its recent climb, the US Dollar Index (DXY) witnessed a correction, while the risk-averse galaxy saw some rebound despite ongoing geopolitical concerns and a strong belief in an ECB rate drop …
Read More » -
18 April 2024 1:53 am
Gold Price Retreats About 1% on Fed’s Apparently Hawkish Stance
Improved global risk sentiment and a decline in US Treasury yields have caused gold prices to retreat from daily highs, further pressuring the US dollar. The precious metal is down 0.93%, at $2360.60 per ounce.Although US Federal Reserve officials have been hawkish, there has been a bullish momentum. The US …
Read More » -
18 April 2024 1:36 am
GBP/USD slides after recording some gains post-UK inflation data
Bets on the beginning of the BoE’s easing cycle is pushed back by market watchers to September. The US Dollar gained strength on Tuesday due to Fed Chair Powell’s hawkish outlook. The Pound might benefit further when the Fed and BoE’s policies coincide. With earlier gains for the day, the …
Read More » -
18 April 2024 12:06 am
Chip Stocks Drop Following Noteworthy Earnings Report
Chip stocks dropped on Wednesday on the announcement by ASML, a significant manufacturer of machinery used in semiconductor manufacturing, of a 61% sequential decline in bookings for the first quarter. The equipment required to produce the world’s most sophisticated semiconductors, which may cost hundreds of millions of dollars apiece, are …
Read More » -
17 April 2024 11:49 pm
US Dollar Retreats Following Fed’s Beige Book, Lower Treasury Yields
The Fed’s Beige Book showed slight economic activity expansion since late February, but Fed Chair Jerome Powell warned that there is little progress on inflation and that the bank remains data-dependent. The possibility of a rate cut in the next meeting in June stands at around 15%, and the chances …
Read More » -
17 April 2024 10:31 pm
ECB’s Lagarde: The fight against inflation is not over
European Central Bank’s President Christine Lagarde speaks in Washington, DC. A firmer upside momentum now lifts EUR/USD pair to the area of daily highs near 1.0680.Earlier on Wednesday, Lagarde tweeted saying, “Later today I will be speaking at the Council on Foreign Relations about the European economy and implications of …
Read More »