On Monday, the dollar took a breather as investors turned their attention to upcoming U.S. inflation data later in the week, while the yen edged closer to 34-year lows amid ongoing vigilance for potential intervention measures in Tokyo to stabilize the weakening currency. Last week, the dollar experienced fluctuations as …
Read More »BoE’s Pill: British central bank to think about rate cuts over next few meetings
Chief Economist of the Bank of England, Huw Pill, signaled to markets that the UK’s central ba…
Key semiconductor stock declines despite upbeat earnings
Despite a spike in earnings, Arm Holdings, a significant semiconductor firm, has seen a decline in v…
European stocks slip as investors await the Bank of England’s verdict
European stocks experienced a slight downturn on Thursday as investors took a moment to pause follow…
Nikkei gives up early gains after chip industry-related stocks decline
The Japanese Nikkei index struggled to maintain its early gains and ultimately closed lower on Thurs…
Gold is locked in a narrow range ahead of data
Gold prices remained relatively stable on Thursday as investors redirected their attention towards u…
Dollar rises slightly ahead of key inflation data
The dollar maintained a steady stance against most major currencies on Thursday, with traders awaiti…
Oil prices climb amid decreasing US crude inventories
Oil prices experienced a boost in early trading on Thursday, driven by multiple factors including a …
Market Drivers; US Session, May 8
Ahead of the Bank of England’s interest rate decision on Thursday, the GBP/USD pair managed to…
Bitcoin Declines On Interest Rate, Regulatory Concerns
Bitcoin price declined on Wednesday, reversing a rebound seen over the weekend due to persistent con…
USD/JPY rises towards 156.00.
This week’s US economic data schedule is somewhat low; up to Friday’s University of Mich…
Market Analysis
April, 2024
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8 April 2024 1:34 pm
Germany Drives European Stocks Higher as Attention Shifts to ECB Policy Meeting
European shares saw a modest uptick on Monday, led by Germany’s DAX, following robust industrial production data from the region’s largest economy. However, cautious sentiment prevailed ahead of the European Central Bank’s policy decision later in the week. The STOXX 600 index edged up 0.2% by 0845, with Germany’s DAX …
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8 April 2024 11:57 am
German exports fall more than expected in February
In February, German exports experienced a more pronounced decline than anticipated, primarily driven by reduced exports to European Union (EU) countries, according to data released by the Federal Statistics Office on Monday. The data revealed a 2% month-on-month decrease in exports for February, surpassing the Reuters poll forecast of a …
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8 April 2024 10:44 am
Oil prices decline as geopolitical tensions in the Middle East ease
In early Asian trading on Monday, oil prices declined by 1 percent as tensions in the Middle East alleviated following Israel’s withdrawal of more soldiers from the southern Gaza Strip and its commitment to engage in new talks regarding a potential ceasefire in the ongoing conflict, which has persisted for …
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8 April 2024 7:22 am
Financial Markets’ Weekly Recap: Jobs Data Renews Speculation on Interest Rate Path
The past trading week witnessed remarkable fluctuations coinciding with the beginning of the second quarter of the year 2024, as strong US economic data raised speculation about the ability of the US Federal Reserve to reduce interest rates and when it might make such a decision. The week concluded with …
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5 April 2024 11:30 pm
Gold hits fresh all-time high amid geopolitical tensions, hot US jobs data
Gold has surged to a new all-time high, demonstrating its role as a safe haven and bucking both the US Dollar and the jump in nonfarm payrolls. Geopolitical threats, physical demand, and US dollar-related fundamentals all continued to drive the price of gold. At the time of writing, gold price …
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5 April 2024 10:53 pm
What will NFP figures mean for US economy, Fed’s rate policy path?
In March, the US economy added 303,000 new jobs. Slightly less people were unemployed, at 3.8%, and earnings increased more quickly than inflation. The highest one-month payroll increase since May was reported in the report. The US economy created 303,000 new jobs in March, exceeding forecasts and demonstrating that the …
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5 April 2024 10:04 pm
Dow Jones Moves Higher Despite Strong US Jobs Report
The Dow Jones Industrial Average is moving higher on Friday, following upbeat US employment figures and hawkish comments by Federal Reserve Governor Michelle Bowman. The index is on track for its worst week in the last year as strong US economic data has put the Fed’s easing plans into question. …
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5 April 2024 7:50 pm
Fed’s Logan: Too soon to consider cutting rates given upside risk to inflation
“I believe it’s much too soon to think about cutting interest rates,” Federal Reserve Bank of Dallas President Lorie Logan said on Friday, citing upside risks to inflation. The US Dollar Index clings to modest daily gains near 104.40 following these comments.Key Quotes “Need to see more of the uncertainty …
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5 April 2024 6:41 pm
US Nonfarm Payrolls for March Surpass Expectations
US Nonfarm Payrolls rose by 303,000 in March compared to a projection of 200,000. According to a Friday report from the US Bureau of Labour Statistics (BLS), nonfarm payrolls (NFP) increased by 303,000 in the US in March. This reading was far higher than the market’s estimate of a 200,000 …
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5 April 2024 2:57 pm
Upcoming Nonfarm Payrolls Report Indicates Growth in March Jobs
As the eagerly awaited monthly U.S. labor market report looms on the horizon, analysts and investors alike brace themselves for its potential impact, recognizing its pivotal role in shaping the trajectory of economic policy. Scheduled for release at 08:30 ET (12:30 GMT), this report holds the potential to sway sentiments …
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5 April 2024 1:02 pm
European stocks decline due to statements about monetary tightening and geopolitical concerns
European stocks experienced a significant downturn on Friday, plunging to their lowest levels in over two weeks, mirroring the global stock market trend. The decline was spurred by statements from certain Federal Reserve officials signaling potential monetary tightening, coupled with escalating tensions in the Middle East. The European STOXX 600 …
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5 April 2024 12:18 pm
Nikkei index records worst weekly performance since December 2022
Oil prices continued their ascent on Friday, poised to mark a second consecutive week of gains, buoyed by geopolitical tensions in Europe and the Middle East, concerns over dwindling supplies, and optimism surrounding global fuel demand as economies recover. Brent crude surged by 49 cents, or 0.5 percent, reaching $91.14 …
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