European shares opened flat on Monday, stabilizing after their best weekly performance in three months, as investors geared up for a data-heavy week. The primary focus is on U.S. Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium, which could provide insights into potential interest rate cuts. …
Read More »Could Trump’s Trade Triumphs Fuel America’s Economic Surge?
A Week of Trade Talks and Market MomentumThis week, global markets buzzed with optimism as President…
U.S. Stock Futures Rise Amid Trade Deal Optimism and Key Week Ahead for Earnings, Economic Data, and Central Bank Decisions
U.S. equity futures were higher on Monday, buoyed by a U.S.–EU trade deal, as investors braced for a…
European Shares Reach Four-Month High on Trade Deal Optimism
European stocks rose on Monday, marking a four-month high, as a U.S.–EU trade deal brought relief to…
Gold Prices Hold Steady Amid Trade Deal Optimism and Fed Rate Decision
Gold prices stabilized in Asian trade on Monday, following three consecutive days of declines, as op…
Bitcoin Rebounds Above $119,000 Amid U.S.-EU Trade Deal Optimism
Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment s…
Oil Prices Rise on Trade Deal Optimism and Future Demand Expectations
Oil prices inched higher on Monday after the U.S. and European Union (EU) reached a trade agreement …
Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Market Analysis
August, 2024
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19 August 2024 12:59 pm
European Shares Flat as Investors Await Key Economic Data and Powell’s Speech
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19 August 2024 11:34 am
Oil Prices Decline Amid China Demand Concerns and Middle East Ceasefire Talks
Oil prices eased on Monday as concerns about weakening demand in China, the world’s largest oil importer, weighed on market sentiment. Investors were also closely monitoring the progress of ceasefire talks in the Middle East, which could potentially reduce supply risks. Brent crude futures fell 45 cents, or 0.56%, to …
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19 August 2024 9:59 am
Dollar Declines Broadly Ahead of Key Fed Meeting Minutes and Powell’s Speech
The U.S. dollar experienced a broad decline on Monday, with a particularly sharp drop against the Japanese yen, as investors anticipated a dovish tone in the Federal Reserve’s upcoming July policy meeting minutes and Chair Jerome Powell’s speech at the Jackson Hole Symposium. The greenback fell over 1% to 146.01 …
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19 August 2024 6:42 am
Financial Markets Weekly Recap: Market Resilience Amidst Cooling Inflation, Steady Growth
The past week has witnessed a notable rebound in equity markets, with the S&P 500 and the Canadian TSX surging over 6.5% and 5%, respectively, from their August 5 lows. This resurgence appears to be primarily driven by two key factors: a continued moderation in inflation and a resilient economic …
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17 August 2024 4:44 am
Gold’s Meteoric Surge: $2,500 and Counting
Gold prices have shattered yet another record, soaring above the $2,500 an ounce mark. This unprecedented surge has investors and analysts alike wondering if the precious metal is on course for even higher heights. Spot gold is trading at $2,506.84 at the time of writing. Gold futures surpassed 2,537.8 at …
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17 August 2024 2:42 am
Retail Sales Reignite Interest Rate Bets
A fresh batch of data eagerly awaited by markets to clarify the Federal Reserve’s future monetary policy path, eliminating uncertainty around potential interest rate cuts, their magnitude, and related factors, is the US retail sales figures.Fed rate cut expectations entered a new phase where investors, observers, and analysts alike are …
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17 August 2024 12:11 am
Stocks Cap Best Week of the Year After Early Sell-Off Reversal
US markets closed higher on Friday, securing the best week for stocks since November 2023. This comes after a rally on Thursday that erased losses suffered during the early August sell-off.Key Developments:All major indexes gained for the week, with the S&P 500 (^GSPC), Nasdaq Composite (^IXIC), and Dow Jones Industrial …
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16 August 2024 10:17 pm
US Dollar Slides Following Mixed Economic Data
The US Dollar (USD) experienced a decline on Friday, driven by a combination of factors including the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data. Let’s break down the key points:Consumer Sentiment Index:The University of Michigan’s Consumer Sentiment Index improved to 67.8 for …
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16 August 2024 9:27 pm
Powell Jackson Hole Speech Poised To Set the Stage for September Rate Cut
Federal Reserve Chair Jerome Powell is expected to easily find his way to news headlines next week’s annual economic symposium in Jackson Hole, Wyoming. The event, hosted by the Kansas City Fed, brings together global central bankers and provides a platform for assessing economic trends and monetary policy.Economic Assessment: Powell’s …
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16 August 2024 8:24 pm
USD/JPY retreats after Consumer Sentiment data
On Friday, the USD/JPY fluctuated once again below 149.00 as risk appetite stabilized. To close the trading week, there is selling pressure on the US dollar everywhere. Next week will bring Jackson Hole and national inflation data from Japan.Friday saw a slight decline in USD/JPY, with a morning drop below …
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16 August 2024 12:45 pm
Dollar Hovers Near Two-Week High Against Yen Amid Strong U.S. Economic Data
The U.S. dollar remained close to a two-week high against the Japanese yen on Friday, following its most significant one-day gain against major currencies in four weeks. The rally was driven by robust U.S. economic data, which largely dispelled recession fears. The greenback also received a boost from a surge …
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16 August 2024 11:22 am
Oil Prices Poised for Weekly Gains Despite Friday Dip
Oil prices were on track for a second consecutive week of gains, despite a slight decline on Friday, driven by strong U.S. economic data that fueled optimism about demand in the world’s largest oil-consuming country. Brent crude futures have risen approximately 1.3% this week, while U.S. West Texas Intermediate (WTI) …
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16 August 2024 10:01 am
Gold Prices Slip Slightly Amid Easing Recession Fears and Rate Cut Bets
Gold prices experienced a minor decline in Asian trade on Friday, as reduced recession concerns tempered the demand for safe-haven assets. Despite this, expectations of interest rate cuts kept gold prices close to record highs. Spot gold fell by 0.1% to $2,453.02 an ounce, while gold futures for December delivery …
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