In its Semi-Annual Monetary Policy Report published on Friday, the Federal Reserve (Fed) noted that they have seen modest further progress on inflation this year but added that they still need greater confidence before moving to rate cuts. The US Dollar Index showed no immediate reaction to this publication and …
Read More »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…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Bulgaria and Ukraine: Eurozone Ambitions and Economic Alignment
Bulgaria’s path to euro adoption, scheduled for January 2026, and Ukraine’s pursuit of EU integratio…
Will the ECB Cut Rates Again? More About Opportunities, Challenges for the Eurozone
The European Central Bank (ECB) is poised to reduce its deposit rate by 0.25 percentage points to 2%…
China and EU Push For Fresh Trade Talks In July
China and the European Union have scheduled urgent trade negotiations to address escalating economic…
Market Analysis
July, 2024
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5 July 2024 4:07 pm
US Stock Futures Flat Ahead of Crucial Nonfarm Payrolls Report
U.S. stock index futures remained mostly unchanged on Friday as markets reopened after the July 4 holiday. Investors eagerly awaited the release of the Labor Department’s non-farm payrolls report, which is expected to provide further insight into the labor market’s condition. A softer reading of the report, indicating a slowdown …
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5 July 2024 2:43 pm
Bitcoin Plummets to 4-Month Low Amid Mt Gox, Political Turmoil
Bitcoin’s price took a nosedive on Friday, sinking to a four-month low as concerns over the impending distribution of stolen Bitcoin by the defunct crypto exchange Mt Gox intensified. The situation was further compounded by reports of German police moving $75 million of confiscated crypto onto exchanges, sparking fears of …
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5 July 2024 1:28 pm
Bitcoin Plummets to 4-Month Low Amid Mt Gox, Political Turmoil
Bitcoin’s price took a nosedive on Friday, sinking to a four-month low as concerns over the impending distribution of stolen Bitcoin by the defunct crypto exchange Mt Gox intensified. The situation was further compounded by reports of German police moving $75 million of confiscated crypto onto exchanges, sparking fears of …
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5 July 2024 12:23 pm
Gold Prices Continue Climb on Rate Cut Expectations, Awaiting Payrolls Data
Gold prices continued their upward trajectory in Asian trading on Friday, building on recent gains as the dollar weakened ahead of crucial nonfarm payrolls data, which is expected to offer further insights into the future of interest rates. Key Points: Gold Gains Momentum: Spot gold rose 0.3% to $2,363.61 an …
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5 July 2024 11:39 am
Asian Stocks Mixed Amid EU-China Trade Tensions, Samsung Boosts South Korea
Asian stock markets presented a mixed picture on Friday. Chinese stocks declined due to new European Union tariffs on electric vehicle imports, escalating trade war concerns. Conversely, South Korean markets outperformed, driven by gains in Samsung Electronics, which reported a significant surge in Q2 profits, primarily attributed to increased demand …
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5 July 2024 3:56 am
What do markets expect from US NFP data?
The most important US labour data will be released later on Friday, amid expectations of a significant decline in job growth in the United States, with a stability in the unemployment rate, in addition to a limited decline in wage growth.On the first Friday of every month, the employment data …
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4 July 2024 10:15 pm
DXY Declines On US Holiday
The US dollar is facing further scrutiny in the wake of the depressing ADP and ISM Services PMI readings. Markets become more certain that the Fed will lower rates in September. Investor focus is now shifting to the June Nonfarm Payrolls data, which is due on Friday. The DXY Index, …
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4 July 2024 9:56 pm
Sterling Surges ahead of UK elections, NFP data
The Pound Sterling has strengthened against the US dollar as the US labour market loses momentum. Investors expect the Fed to begin lowering interest rates in September, and economists expect that the Starmer-led Labour Party will gain an absolute majority. The GBP/USD jumps higher amid growing speculation that the Fed …
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4 July 2024 8:46 pm
Gold surges amid weaker US data, increased rate cut bets
Gold has seen a significant increase in value as weak US data and a change in tone from Federal Reserve Chairman Jerome Powell have increased bets that the Fed will lower interest rates earlier than previously expected. Lower interest rates are positive for Gold as they reduce the opportunity cost …
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4 July 2024 2:16 pm
Oil Prices Ease from Multi-Month Highs Amid Profit-Taking and Demand Concerns
Oil prices dipped slightly on Thursday, retreating from their recent multi-month highs as investors took profits amid lingering demand concerns, despite a significant decline in U.S. inventories the previous week. Brent Crude and WTI Futures Decline Brent crude futures experienced a 0.49% decrease to $86.91 per barrel, while U.S. West …
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4 July 2024 12:48 pm
Gold Steady at 10-Day High Amid Rate Cut Bets, Nonfarm Payrolls Awaited
Gold prices held firm near a 10-day peak in Asian trading on Thursday, buoyed by increasing expectations of interest rate cuts by the Federal Reserve, which weakened the dollar and Treasury yields. However, the precious metal’s gains were tempered by hawkish signals from the Fed’s June meeting minutes and cautious …
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4 July 2024 11:19 am
Bitcoin Plunges to Two-Month Low Amid Mt Gox Fears
Bitcoin’s price plummeted to a two-month low on Thursday, breaching a crucial support level as traders remained cautious due to concerns over potential selling pressure, particularly from the defunct crypto exchange Mt Gox. Despite the weakening dollar, which usually supports Bitcoin, the world’s largest cryptocurrency saw a significant 3.2% drop …
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